DePuy Synthes (US) and Stryker (US) are the Major Players in the Cranial Fixation & Stabilization Systems Market
The global cranial fixation and stabilization systems market is expected to reach USD 1.74 Billion by 2022 from USD 1.14 Billion in 2017 at a CAGR of 8.7%. This market is experiencing significant growth due to increasing prevalence of neurological diseases and high incidence of road accidents and fall related injuries.
Product launches, upgrades, agreements, acquisitions, and expansions accounted for the largest share of the overall growth strategies followed by key players between 2014 and 2017. Some of the companies that adopted this strategy include Pro Med Instruments (Germany), NEOS Surgery (Spain), DePuy Synthes (US), Integra (US), Stryker (US), Zimmer Biomet (US), Medtronic (Ireland), and B. Braun (Germany).
The cranial fixation and stabilization systems market is competitive in nature with the presence of several large as well as emerging players.
DePuy Synthes held the leading position in the cranial fixation and stabilization systems market. The company’s position can be attributed to its strong brand recognition and extensive product portfolio. The company also has a strong geographic presence and focuses on increasing its reach and enhancing its distribution network. DePuy focuses on agreements and product launches to maintain its position in the market. For instance, in 2016, the company signed an agreement with Materialise to offer TRUMATCH titanium 3D-printed implants used for treating facial and skull disorders. Furthermore, in April 2014, the company launched the TRUMATCH CMF patient-specific implant, which is used for facial reconstruction, orthognathic surgery, distraction, and cranial reconstruction.
Stryker is one of the major players in the cranial fixation and stabilization systems market. The company has a strong brand name in high-growth geographies and a growing presence in the emerging markets. The company is present in all key regions such as North America, Europe, the Middle East & Africa, and Asia Pacific. The company focuses on enhancing its R&D capabilities to introduce technologically innovative products for various healthcare providers. The company invested USD 1.64 billion, USD 2.22 billion, and USD 2.19 billion in R&D activities in 2014, 2015, and 2016, respectively. The company also focuses on inorganic growth strategies such as acquisitions to strengthen its position in the market. The company’s cranial fixation and stabilization systems product portfolio includes plates, mesh, screws, and absorbable implants. The company has a strong brand recognition especially for its implant for craniomaxillofacial surgery and neurosurgery.
Related Reports:
Cranial Fixation & Stabilization Systems Market by Product (Screw, Mesh, Skullclamp, Horseshoe Headrest, Accessories, Adaptor, Arms, Base units), Material (Nonresorbable, Resorbable), End User (Hospitals, ASC), and Region - Global Forecast to 2022
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