Industry Background:
Cranial implants are implants required to protect intracranial structures, to restore the skull contour and to normalize the cerebral hemodynamic after cranial defects. Cranial defects are the results of accidents, injuries, malignancy, and infection. Repairing severe human skull injuries needs customized cranial implants, and current imagining research aims to advance a new approach to produce these implants. Cranioplasty is defined as the repair of a defect or deformity of the cranium.
According to AMA Research, the market for Cranial Implant is expected to register a CAGR of 6.3% during the forecast period to 2027. This growth is primarily driven by Increase in Target Population Requiring Cranial Implants
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Medical Devices sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Stryker Corporation (United States), Anatomics Pty Ltd (Australia), Innovasis (United States), B. Braun Melsungen AG (Germany), Zimmer Biomet (United States), evonos GmbH & Co. KG (Germany), DePuy Synthes (United States), OsteoMed (United States), Medartis AG (Switzerland), Medtronic (United States) and OssDsign (Sweden), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2020, An agreement for a tender offer to buy all of Medicrea's outstanding shares was announced by Medtronic plc and Medicrea. With this acquisition, Medtronic will further solidify its position as a leader in the world of spine surgery-related enabling technologies and solutions.
In 2021, Kelyniam Global, Inc. has entered into a strategic licensing agreement with Fin-Ceramica faenza spa to market the company's hydroxyapatite patient-specific implant. This bio-inspired ceramic biomaterial is based on hydroxyapatite (HA), a mineral that makes up the majority (70%) of human bone. The perimetral osteointegration process is influenced by the distinct chemical composition of the bio-mimetic material as well as the high interconnected porosity.The players present in the Cranial Implant market concentrate on forming alliances, releasing new products, advancing technology, establishing new production facilities, and utilizing growth strategies like mergers and acquisitions to strengthen their market positions.
Influencing Trend:
Rising Automated Manufacturing Techniques and Growing Adoption of 3D Printing For Cranial Implants
Market Growth Drivers:
Increase in Target Population Requiring Cranial Implants and Rising Number of Trauma Cases
Challenges:
Allergy Infection Due to Materials Such As Metals, Titanium and Others
Restraints:
High Cost Related to Cranial Implant
Opportunities:
Increasing Investment in Research & Development and Growing Healthcare Infrastructural Development in Developing Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Cranial Implant Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Cranial Implant Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Cranial Implant players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cranial Implant Study Sheds Light on
The Cranial Implant Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cranial Implant industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cranial Implant industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.