Cranial Closure and Fixation Devices Market: Increasing Road Accidents and Skull Deformities to Support High Demand
Global Cranial Closure and Fixation Devices Market: Overview
Cranium refers to a vital body part that offers hard protective covering to the brain and assists in the maintenance in the shape and size of the head. In certain situations, craniosynostosis, a certain type of abnormality arises due to early closure of sutures. A disruptive shape of head is caused by craniosynostosis, which takes places due to very early closure by sutures. There are surgeries that are associated with these issues. Cranial closure fixation system is one such surgery that is linked with this problem. Cranial closure and fixation devices find use in many other applications, such as infections, trauma injuries, hematomas, brain tumors, hydrocephalus, and skull fractures. Such multiple applications of the devices is expected to support growth of the global cranial closure and fixation devices market over the tenure of analysis, 2020 to 2030.
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Augmented prevalence of road accidents and various neurological disorders is expected to generate demand for cranial surgeries and fixation devices as well. Rising demand and popularity of minimally invasive surgeries is likely to emerge as another growth factor for the global cranial closure and fixation devices market in the years to come.
Product, end use, and region are the three important parameters based on which the global cranial closure and fixation devices market has been classified.
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Global Cranial Closure and Fixation Devices Market: Notable Developments
One of the relevant and important developments of the market that gives a quick view of the dynamics pertaining to global cranial closure and fixation devices market is mentioned as below:
- In October 2019, US-based Stryker Corporation acquired leading imaging technology company, Mobius Imaging, LLC and developer of robotics and navigation systems for surgical procedures Cardan Robotics. Both the acquired companies are expected to bring forth advanced robotics and imaging solutions for Stryker Corporation so as to better their presence in neurotechnology, spine, and orthopaedics.
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Global Cranial Closure and Fixation Devices Market: Key Trends
The global cranial closure and fixation devices market is characterized by the presence of the following restraints, drivers, and opportunities.
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Increasing Road Accidents and Skull Deformities to Support High Demand
The development of the global cranial closure and fixation devices market is expected to observe considerable growth during the timeframe of analysis, from 2020 to 2030. A rise in incidences of cancer, tumor, aneurysms, and head trauma is estimated to drive the demand for cranial closure and fixation devices in the years to come. Various physiological factors such as congenital disabilities and foreign particles inside the brain are likely to augur well for the market.
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Increased investment in research and development activities, diversification of products, and product developments are estimated to work in favor of the global cranial closure and fixation devices market in the forthcoming years. On the other hand, increased cost of production and complications associated with pediatric surgeries are anticipated to pose challenge to the global cranial closure and fixation devices market in the near future.
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Global Cranial Closure and Fixation Devices Market: Geographical Analysis
North America is likely to dominate the global cranial closure and fixation devices market over the tenure of analysis, from 2020 to 2030. Presence of advanced healthcare system and favorable reimbursement policies is likely to work in favor of the market in the region. Increased cases of road accidents, skull injuries, and skull deformities are likely to propel growth of the cranial closure and fixation devices market in Asia Pacific during the forecast period.
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