Cranial Implants Market Size Expected to Garner USD 2,058 Million by 2030 growing at 6.4% CAGR - Exclusive Report by Acumen Research and Consulting

Author: Acumen Research and Consulting

The Global Cranial Implants Market Size is predicted to grow at a CAGR of 6.4% between 2022 and 2030, from USD 1,189 Million in 2021 to USD 2,058 Million by 2030, as per the Acumen Research and Consulting

The cranial implants market is one of the most rapidly growing markets globally, thanks to advancements in technology and the increasing demand for advanced medical devices. Cranial implants are surgically implanted medical devices that are used to repair and replace damaged or missing bones in the cranial region. The increasing demand for cranial implants is driven by the rising prevalence of cranial injuries and disorders, such as traumatic brain injuries, tumors, and congenital cranial defects.

The cranial implant market is growing due to the increasing demand for minimally invasive surgical procedures. Minimally invasive surgical procedures have become the norm in the medical industry, and they are becoming increasingly popular in cranial surgery as well. These procedures require fewer incisions, reducing the risk of complications and scarring, and providing faster recovery times for patients. The use of advanced materials such as titanium, resorbable polymers, and other biocompatible materials in cranial implant manufacturing is contributing to the cranial implants market growth.

Cranial Implants Market Statistics

Cranial Implants Market Statistics

  • Global cranial implants market value collected USD 1,189 Million in 2021, with a 6.4% CAGR between 2022 and 2030
  • North America cranial implants market revenue gathered more than USD 428 Million in 2021
  • By product, customized cranial implants capture over 79% of total market share in 2021
  • Stryker is a leading manufacturer of cranial implants and is known for its high-quality products and innovative technology
  • Growing prevalence of neurodegenerative diseases and traumatic brain injuries, fuels the cranial implants market size

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Cranial Implants Market Trends                

The cranial implant market is evolving rapidly and is expected to grow significantly over the next decade. Advances in medical technology and materials science have led to the development of new cranial implant materials and designs that offer improved performance and long-term durability. These implants are now being used to repair cranial defects caused by injury, congenital anomalies, or disease, providing patients with improved quality of life.

One of the key drivers of growth in the cranial implant market revenue is the increasing demand for minimally invasive surgical procedures. Patients are increasingly seeking out minimally invasive procedures that reduce the risk of complications, minimize scarring, and shorten recovery times. Cranial implants that can be inserted through smaller incisions or minimally invasive procedures are becoming increasingly popular among patients and healthcare providers alike.

Another driver of growth in the cranial implant market value is the increasing prevalence of traumatic brain injuries (TBIs) and other cranial defects. According to the World Health Organization (WHO), TBIs are a leading cause of death and disability, affecting millions of people worldwide each year. The increasing prevalence of TBIs and other cranial defects is driving demand for innovative cranial implant solutions that can repair cranial damage and improve patient outcomes.

Cranial Implants Market Segmentation                            

Acumen Research and Consulting has segmented the global cranial implants market by material, end-user, product, and region.

  • By material, the industry is classified into polymer, ceramic, and metal.
  • By end-user, the market is categorized into the specialty neurosurgery centers, and hospitals.
  • By product, the market is divided into the non-customized cranial implants, and customized cranial implants.
  • By region, the market is segmented into Latin America, Asia-Pacific, North America, Europe, and the MEA.

Cranial Implants Market Regional Overview                                

Geographically, the Asia-Pacific region is the fastest-growing market for cranial implants due to a combination of factors, including increasing healthcare expenditure, a growing elderly population, and increasing awareness about the benefits of cranial implants. The region's rapidly growing economies, particularly in countries such as China and India, are leading to increased investment in healthcare infrastructure and technology, which is driving demand for cranial implants. In addition, the region's large population and increasing aging demographic are leading to a higher incidence of age-related conditions, such as neurodegenerative diseases and traumatic brain injuries, which are driving demand for cranial implants.

Moreover, the increasing adoption of minimally invasive surgical techniques in the Asia-Pacific region is also contributing to the expansion of the regional cranial implants market share. With the increasing demand for less invasive surgical procedures, more hospitals and clinics in the region are investing in minimally invasive surgical technology, driving demand for cranial implants. In addition, the region's growing medical tourism industry is also contributing to the cranial implant market growth, as patients from around the world are increasingly seeking medical treatment in the region due to the availability of high-quality healthcare at affordable prices.

Cranial Implants Market Players                

Some of the major cranial implants market companies are KLS Martin Group, Ortho Baltic, Medtronic, B. Braun Melsungen AG, Zimmer Biomet, Stryker, Kelyniam Global Inc, Medartis, Xilloc Medical B.V., and DePuySynthes.

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Mr. Frank Wilson

Acumen Research and Consulting

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