Cranial Implants Market Size Worth $1.62 Billion By 2026 | CAGR: 6.4%

Cranial Implants Market Growth & Trends

The global cranial implants market size is anticipated to reach USD 1.62 billion by 2026, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.4% during the forecast period. Increasing cases of brain cancer and traumas such as malignant brain tumor is anticipated to boost the growth. For instance, according to the American Cancer Society, in 2019, 23,820 people were diagnosed with brain tumor.

One of the major causes of brain tumor is abnormal changes that occur in normal brain cells that may lead to formation of brain tumors. Brain tumor is classified into benign which is non-cancerous and malignant tumors which are cancerous. Prevalence of malignant tumor is witnessing a rise in U.S. owing to the factors such as unhealthy lifestyle and genetic disorders.

Technological advancements such as 3D printing, cranial implant fabrication through computer aided design/computer aided manufacturing modeling, regeneration of larger bone defects through tissue engineering therapies plays a vital role in fueling market growth. For instance, Renishaw plc, launched its metal 3D printing craniomaxillofacial implants which produces complex shapes that are not possible with traditional machining method.

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Cranial Implants Market Report Highlights

• Customized cranial implants segment led the market in 2018, attributed to the increasing number of patients suffering from brain defects due to brain tumor and traumatic brain injuries

• Hospitals led the cranial implants market with the highest revenue share in 2018 due to the factors such as availability of skilled neurosurgeons and improving healthcare infrastructure in the developing countries

• Polymer segment holds the major market share owing to increasing usage of polymer in cranioplasty surgical procedure for treatment of skull defects and brain tumor

• North America led the market with the highest revenue share in 2018 owing to the adoption of technological advanced products, government initiatives, and increasing disposable income of the individuals

• Key players opt for technologically enhanced products to gain a competitive edge. For instance, in 2017 Stryker launched its CUSTOMIZED PEEK IMPLANTS. Polyether ether ketone is an organic thermoplastic polymer specially designed and manufactured according to 3D medical imaging. It also offers anesthetic correction in the cranial area

Cranial Implants Market Segmentation

Grand View Research has segmented the global cranial implants market on the basis of product, material, end use, and region:

Cranial Implants Product Type Outlook (Revenue, USD Million, 2015 - 2026)

• Customized

• Non-customized

Cranial Implants Material Type Outlook (Revenue, USD Million, 2015 - 2026)

• Polymer

• Ceramic

• Metal

Cranial Implants End Use Outlook (Revenue, USD Million, 2015 - 2026)

• Hospitals

• Neurosurgery Centers

Cranial Implants Regional Outlook (Revenue, USD Million, 2015 - 2026)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • U.K.

  • France

  • Italy

  • Spain

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

• Latin America

  • Mexico

  • Brazil

  • Argentina

  • Colombia

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE