Pune, India, April 02, 2019 -- /360iResearch/ -- The report "Global Cranial Implants Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 984.53 million in 2017 and is projected to reach USD 1,692.58 million by 2024, growing at a CAGR of 8.05% from 2017 to 2024.
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The major forces driving the growth of the cranial implants market include the increasing number of hospital admissions attributed to the rising incidence of accidents and brain injuries and increase in research and development activities. Moreover, value-added features and technological advances for efficient and effective cranial implantation is also one of the factors that is driving the market growth. However certain factors such as the complications associated with these implants such as high risk of infection, bleeding, and unfavorable scarring may hinder the market growth. In the middle of difficulty lies opportunity such as the technological advancements, such as 3d-printing, cad/cam modeling, and patient-specific and effective cranial implants, and increase in acquisitions and approvals and rise in government approvals of cranial implant products. The possible challenges for the market growth is high cost of surgery. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on product, the global cranial implants market is studied across Ceramic, Metal, and Polymer. Based on type, the global cranial implants market is studied across Customized Cranial Implants, and Non-customized Cranial Implants. Based on end user, the global cranial implants market is studied across Hospitals, and Neurosurgery Specialty Centers. Based on geography, the global cranial implants market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the cranial implants market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Anatomics Pty Ltd, B. Braun Melsungen AG, DePuy Synthes, KLS Martin Group, Kelyniam Global Inc., Medartis, Medtronic, Ortho Baltic, Stryker, Xilloc Medical B.V., and Zimmer Biomet.
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