Craniotomy Equipment Package Market Report 2024

This Craniotomy Equipment Package market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The craniotomy equipment package market size has grown strongly in recent years. It will grow from $12.06 billion in 2023 to $13.12 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The increase observed in the past can be linked to the higher prevalence of neurological disorders, enhanced awareness of advanced treatment options, improvements in surgical safety, the expansion of healthcare infrastructure, and government funding for medical technology.

The craniotomy equipment package market size is expected to see strong growth in the next few years. It will grow to $18.47 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The anticipated growth in the future is due to advancements in minimally invasive surgical technologies, a rise in traumatic brain injuries, the expansion of healthcare facilities in emerging markets, growing demand for personalized medicine, increased healthcare spending, and the development of advanced robotic-assisted surgical systems. Key trends expected during this period include the use of robotic-assisted surgery, progress in neuroimaging technology, the integration of artificial intelligence in surgical planning, the use of 3D-printed implants and tools, and advancements in personalized and precision medicine.

The rising incidence of brain tumors is anticipated to drive the growth of the craniotomy equipment package market. Brain tumors, which are abnormal cell growths in the brain or central nervous system, can be malignant (cancerous) or benign (non-cancerous). The increasing prevalence of brain tumors is attributed to factors such as advancements in diagnostic techniques, an aging population, and potential environmental and genetic factors. Craniotomy equipment packages are crucial in the surgical treatment of brain tumors, providing sophisticated tools and technologies that enhance precision in tumor removal and improve patient outcomes. For example, the American Cancer Society projected in January 2024 that there would be 25,400 new cases of brain and other nervous system cancers in the U.S., with 14,420 cases in males and 10,980 in females. The estimated number of deaths was 18,760, including 10,690 males and 8,070 females. Additionally, End Brain Cancer reported in May 2023 that approximately 80,000 new primary brain tumor diagnoses occurred in the United States. Consequently, the growing prevalence of brain tumors is propelling the demand for craniotomy equipment packages.

Leading companies in the craniotomy equipment market are focusing on advanced technologies such as the smart auto-stop feature to enhance surgical precision, improve patient safety, and streamline the craniotomy procedure by automating critical functions and reducing manual errors. The smart auto-stop feature is an advanced technology integrated into craniotomy equipment that automatically stops the surgical instrument's operation when specific conditions or parameters are met. For instance, in May 2023, Hubly Surgical, a US-based technology company, introduced the Hubly Cranial Access Kit and Drill. This drill is designed to improve craniotomy outcomes by offering precise control and safety, with a smart auto-stop feature that halts drilling automatically when preset conditions are met, thereby minimizing complications. The device aims to elevate neurosurgical standards with advanced technology for better clinical results and increased patient safety.

In October 2022, Aspen Surgical Products Inc., a US-based medical device company, acquired Symmetry Surgical Inc. for an undisclosed amount. This acquisition is intended to broaden Aspen Surgical's product range, expand its market presence, and strengthen its position in the surgical instrument sector by integrating Symmetry Surgical’s extensive portfolio of high-quality surgical tools and solutions. Symmetry Surgical Inc. is a US-based healthcare company that offers a craniotomy instrument set as part of its general surgical instrument lineup.

Major companies operating in the craniotomy equipment package market are Johnson & Johnson, Medtronic plc, Medline Industries, Stryker Corporation, B. Braun Melsungen AG, Zimmer Biomet Holdings, Teleflex Incorporated, Integra LifeSciences Corporation, Leica Microsystems GmbH, KLS Martin Group, Natus Medical Incorporated, Brainlab AG, Mizuho America Inc., Narang Medical Limited, PMT Corporation, Jalal Surgical, Delta Surgical Ltd, Hubly Surgical Inc., IRRAS AB, Omega Surgical Instrument Suppliers Ltd.

North America was the largest region in the craniotomy equipment package market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the craniotomy equipment package market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the craniotomy equipment package market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A craniotomy equipment package is a comprehensive set of specialized tools used in a craniotomy procedure, which involves removing part of the skull to access the brain. This package ensures that surgeons have all the essential instruments needed for brain surgery.

The main components of craniotomy equipment packages include craniotomy frames and attachments, craniotomy drills and burs, craniotomy skull plates and implants, craniotomy navigation systems, and craniotomy imaging systems. Craniotomy frames and attachments are devices used to stabilize and position a patient’s head during the procedure. The various techniques include open craniotomy, minimally invasive craniotomy, and robotic craniotomy. These packages are distributed through various sales channels, including direct hospital sales, distributors, and online platforms. They are used for a range of applications, such as tumor removal, brain injury repair, vascular malformation treatment, and epilepsy surgery, serving end users such as hospitals, ambulatory surgery centers, neurology clinics, and neurosurgery centers.

The craniotomy equipment package market research report is one of a series of new reports that provides craniotomy equipment package market statistics, including craniotomy equipment package industry global market size, regional shares, competitors with a craniotomy equipment package market share, detailed craniotomy equipment package market segments, market trends and opportunities, and any further data you may need to thrive in the craniotomy equipment package industry. This craniotomy equipment package market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The craniotomy equipment package market consists of sales of craniotomy surgical instruments, neurosurgical navigation systems, craniotomy drills, neuroendoscopes, and surgical retractors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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