Cranial Implants Global Market To Reach Value Of Over $1 Billion In 2025
11 Aug, 2021
The cranial implants market consists of sales of cranial implants and related services by entities (organizations, sole traders, and partnerships) that manufacture cranial implants, which are plate-type medical devices that vary in size and configuration. Cranial implants are used for protecting intracranial structure, reconstructing the skull shape, normalizing cerebral hemodynamics, and also during cranial reconstruction procedures after cranial defects. Cranial defects are generally caused by injury, infection, and others.
Global Cranial Implants Market Size And Drivers:
The global cranial implants market is expected to grow from $0.83 billion in 2020 to $0.92 billion in 2021 at a compound annual growth rate (CAGR) of 10.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The cranial implants market is expected to reach $1.35 billion in 2025 at a CAGR of 10%. The rising prevalence of neurological diseases and road accidents is expected to propel the growth of the cranial implants market in the forecast period.
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Trends In The Global Cranial Implants Market
3D printing is an emerging technology in the cranial implants market. 3D printing is the method of making three-dimensional solid objects from digital data. For instance, in 2020, Graz University of Technology (TU Graz) and the Medical University of Graz in Austria, released a free automated design software to design 3D printable cranial implants. The program utilizes deep learning algorithms to automatically replace the missing portion of a skull. An STL file for a patient-specific implant can immediately be generated by decreasing the defective skull from the performed one. This process allows implants to be 3D printed on-site and drastically reduces the actual lead time.
Global Cranial Implants Market Segments:
The global cranial implants market is further segmented based on type, material, end user and geography.
By Type: Customized Cranial Implants, Non-Customized Cranial Implants
By Material: Polymer, Ceramic, Metal
By End User: Hospital And Trauma Centers, Ambulatory Surgical Centers, Specialty Clinics, Others
By Geography: The global cranial implants market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the cranial implants market in 2020.
Read More On The Report For The Global Cranial Implants Market At:https://www.thebusinessresearchcompany.com/report/cranial-implants-global-market-report
Cranial Implants Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides cranial implants market overviews, analyzes and forecasts market size and growth for the global cranial implants market, cranial implants market share, cranial implants market players, cranial implants market segments and geographies, cranial implants market’s leading competitors’ revenues, profiles and market shares. The cranial implants market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.