Cranial Perforator Market Size To Reach $163.7 Million By 2030

Cranial Perforator Market Growth & Trends

The global cranial perforator market size is anticipated to reach USD 163.7 million by 2030, registering a CAGR of 5.46% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth of the market is propelled by the rising adult population, technological advancements, and increasing incidence of neurological conditions, including stroke, brain aneurysm, & cerebral artery stenosis. As per the World Stroke Organization (WSO), it was estimated that by 2022, there will be more than 12.2 million new stroke cases annually. In addition, one out of every four adults above the age of 25 years will experience a stroke at some point in their life.

Moreover, major players invest in R&D activities to develop innovative devices that meet the specific needs of neurosurgeons and patients. They focus on improving the design, materials, and functionality of these instruments to enhance surgical outcomes and patient safety. Furthermore, prominent players collaborate with hospitals, research institutions, and other medical device companies to advance the field of neurosurgery and develop new technologies related to cranial perforators. Thus, due to such factors, the global market is expected to grow significantly in the near future.

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Cranial Perforator Market Report Highlights

• In 2022, the disposable type segment dominated the market with a market share of 89.8% due to their high demand as they eliminate the need for repeated sterilization and ensure a sterile, single-use instrument for each patient, reducing the risk of cross-contamination and infections as compared to reusable devices

• The adult age group segment dominated the market in 2022 with a market share of 52.6% due to the high prevalence of neurological disorders in the adult population and an increased focus on advanced healthcare solutions for adults

• The hospitals end-use segment held the largest share of 60.4% in 2022. The increasing patient population, along with the introduction of technologically advanced products and favorable reimbursement policies, is driving the demand for hospital-based treatments worldwide

• North America led the market with the maximum revenue share of 38.7% in 2022. Rising demand for minimally invasive surgeries and supportive government initiatives for improving healthcare infrastructures dive the region’s growth

• In addition, technological advancement and innovation of new non-invasive techniques will create lucrative growth opportunities for the regional market

Cranial Perforator Market Segmentation

Grand View Research has segmented the global cranial perforator market on the basis of type, age group, end-use, and region:

Cranial Perforator Type Outlook (Revenue, USD Million, 2018 - 2030)

• Reusable

• Disposable

Cranial Perforator Age Group Outlook (Revenue, USD Million, 2018 - 2030)

• Adult

• Pediatric

• Adolescent

Cranial Perforator End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Ambulatory Surgical Centers

• Others

Cranial Perforator Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Norway

  • Denmark

  • Sweden

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Cranial Perforator Market

• ACRA-CUT Inc.

• adeor medical AG

• Cranial Cut

• Integra LifeSciences (CODMAN)

• Nouvag AG

• Vitalys Surgical

• Micromar Ind. e Com. LTDA

• Evonos GmbH & Co. KG

• Surtex Instruments Ltd.

• Shanghai LZQ Precision Tool