Cranial Stabilization Devices
Market – Regional Analysis
On the basis of region, the
global Cranial
Stabilization Devices Market is segmented into North America, Latin
America, Europe, Asia Pacific, Middle East, and Africa.
Increasing merger and acquisition
activities in North America are expected to drive the cranial stabilization
devices market size in the region. For instance, in October 2017, Integra
LifeSciences Holdings Corporation acquired the Johnson & Johnson’s Codman
Neurosurgery business. The Codman Neurosurgery business offers a portfolio of
devices focused on hydrocephalus management, neuro intensive care, and cranial
surgery. The deal was closed for US$ 1.045 billion.
Furthermore, Asia Pacific is
expected to witness significant cranial stabilization devices market growth,
owing to increasing initiatives by various organizations to promote the
development of clinical neurology and neurological science in Asia Pacific. For
Instance, in November 2018, the Asian and Oceanian Association of Neurology
(AOAN) hosted the conference: The Asian Oceanian Congress of Neurology 2018
(AOCN 2018), to provide participants (neurologists) an unparalleled insights
into the latest research, developments, and treatments in the field of
neurosciences through its comprehensive scientific program led by regional
neurology experts.
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Cranial stabilization is a
process of making the cranial nerves stable for brain surgery. Brain surgery is
also known as craniotomy. A craniotomy is dependent on the nature of brain
problem. It is majorly performed to aid in treatment of brain tumors, hematomas
(blood clots), aneurysms or arteriovenous malformation (AVM), traumatic head
injury, foreign objects (bullets), swelling of the brain, or infection.
Cranial Stabilization Devices
Market – Drivers
Increasing prevalence of neurological
disorders is expected to boost the cranial stabilization devices market growth
during the forecast period. For instance, in 2015, Global Burden of Disease
Study surveyed that neurological disorders are the major cause of disability
and death worldwide. The burden of neurological disorders has increased by
36·7% over the past 25 years from 1990 to 2015.
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Cranial Stabilization Devices
Market – Restraints
Several medical device
reimbursement challenges is expected to hamper the cranial stabilization devices
market growth. In many countries, the
medical device reimbursement rates are based on standing formulas applied to
the procedure or types of device and not on the technology or features of the
individual manufacturer. This prevents medical device manufacturing companies
to invest in the development of medical devices with advanced technologies.
Key Players in the Cranial
Stabilization Devices Market:
Key players operating in the
cranial stabilization devices market include, Integra Lifesciences Holdings
Corporation, Jintan Huida Medical Instrument Co. Ltd., B. Braun Melsungen AG,
DePuy Synthes, evonos GmbH & Co. KG, Jeil Medical Corporation, Medtronic,
Micromar, NEOS Surgery, OsteoMed, Pro Med Instruments, Stryker, and Zimmer
Biomet.
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