Cranial Stabilization Devices Market is Booming Worldwide at Unstoppable Rate

  


Revenue from the global cranial stabilization devices market increased from more than US$ 380 million in 2012 to just over US$ 450 million in 2016, according to Future Market Insights. Between 2012 and 2016, this indicates a CAGR of 3.9 percent. The global cranial stabilization devices market is expected to reach a valuation of around US$ 800 million by the end of 2027, according to current revenue predictions.

The global cranial stabilization devices market's revenue growth is being hampered by a lack of proper healthcare infrastructure in emerging regions and inadequate reimbursement coverage. Due to a lack of sufficient healthcare infrastructure in growing regions such as Latin America, the Middle East, and Africa, growth in demand for modern neuroscience devices used in neurosurgeries is likely to meet obstacles. Over the course of the study, this particular issue is likely to impede revenue growth in the worldwide cranial stabilization devices market. The incorrect formulation and implementation of clinical practice guidelines is another factor that is limiting the market's growth.

Furthermore, the cranial stabilization devices industry is hampered by a scarcity of trained experts in most Latin American, Middle Eastern, and African nations. The cranial stabilization devices market's revenue growth is further hampered by an inconsistent regulatory framework governing healthcare equipment in various countries.

The lack of health insurance and limited government support in terms of reimbursement policies pertaining to the affordability of neurosurgery and treatments associated with various neurological disorders is a major concern for a large a portion of the population in underdeveloped countries and some of the world's developing economies. Furthermore, the lack of social health insurance in some countries are likely to limit the market's revenue growth.

During the surgical procedure, cranial stabilization devices such as brain retractor systems and skull clamp systems are utilized to keep a patient's neck and head in a strong position to achieve rigorous fixation. During spinal surgery, such devices are also employed for skeletal fixation. Because of the deceptive operative functionality associated with these products, there are sometimes negative consequences, which can limit market revenue development to some extent.

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