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According to a new report Global Cranial Implants Market, published by KBV Research, The Global Cranial Implants Market size is expected to reach $1.4 billion by 2025, rising at a market growth of 6.2% CAGR during the forecast period. Increased geriatric population, a greater amount of cases of trauma, improved research and development projects, and increased knowledge and measures of public health have resulted in fast and efficient medical procedures. The accelerated technological developments are fueling the need for effective cranial implantation, which is likely to give main market players a substantial opportunity.
The Customized market dominated the Global Cranial Implants Market by Product Type in 2018, growing at a CAGR of 5.8 % during the forecast period. The Non-Customized market showcases prominent growth rate of 7.7% during (2019 - 2025).
During the forecast period, the polymer material is expected to hold the largest market share of cranial implants. The most commonly used material is a polymer. It is supplied in the form of powder and liquid combined during surgery to fit in the contours of cranial defects. The Ceramic Materials segment is expected to record the fastest growth rate over the forecast period. The application of light and sound to the brain has significant therapeutic and diagnostic advantages. The Ceramic market is anticipated to witness a CAGR of 6.5% during (2019 - 2025). Additionally, The Metal market is experiencing a market growth rate of 6.4% during (2019 - 2025).
The Hospital market would grow at a CAGR of 5.8 % during the forecast period. The Neurosurgery Centers market poised to grow at a CAGR of 7.1% during (2019 - 2025).
North America made up for the largest market share in 2018 and is projected to continue to see significant growth in the near future due to the prevalence of trauma and brain cancer, the adoption of technologically advanced products, and an increase in healthcare spending by domestic governments. The Asia Pacific market is experiencing growth rate of 7.6% during (2019 - 2025). Additionally, The Europe market is anticipated to witness a CAGR of 5.8% during (2019 - 2025).
Structural Insights: https://www.kbvresearch.com/cranial-implants-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Zimmer Biomet Holdings, Inc., Johnson & Johnson (DePuy Synthes, Inc.), Stryker Corporation, B. Braun Melsungen AG, Synimed Sarl, Evonos GmbH & Co. KG, Medartis AG, Renishaw Plc., Kelyniam Global, Inc. and Medtronic Plc.
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