Cranial Clamps Market Size

Cranial Clamps Market Analysis

The cranial clamps market is expected to register a CAGR of 4.7% over the forecast period.

• The COVID-19 pandemic had a significant impact on healthcare facilities' routine and daily operations as well as the entire healthcare supply chain. The distribution of neurosurgical tools like cranial clamps was impacted due to the altered supply chain during the pandemic period. For instance, in November 2021, OsteoMed faced supply chain challenges in European Union due to various factors, one of which is due to the COVID-19 pandemic. 
• In addition, as per the same source, OsteoMed opened a new logistics center in Madrid, Spain, which enhanced the customer experience in the European Union (EU) by reducing delivery times, mitigating supply chain risks, and accelerating growth. Hence, the market had an adverse impact initially. However, with new strategic initiatives by the market players, the market is expected to be normalized over the coming years.
• The key contributors that are expected to drive the market are the increasing number of traumatic brain injuries and spine-related surgeries, and others. For instance, According to the report published by the Neurological Society of India in March 2022, road traffic accidents made up 60% of traumatic brain injuries, with assault and falls accounting for the majority of the remaining 40%. In addition, vehicle crashes caused 60% of traumatic brain injuries, falls caused 25%, attacks and violence caused 10%, and other causes accounted for the remaining cases. Traumatic brain injuries are projected to rise at a similar rate in the upcoming years as road deaths, which are rising at a rate of 5 to 8% annually. Hence, with the increasing burden of brain injuries and road accidents, the demand for cranial clamps increases, which is the major device used during neurological surgeries that can drive the market over the study period.
• Furthermore, the rising number of road accidents which are the main cause of brain injuries, is expected to drive the market over the study period. For instance, as per the StatBel statistics published in June 2022, there were 34,640 road traffic accidents in 2021, bringing the total of casualties to 42,566 in Belgium. Thus the increasing number of road traffic accidents is expected to raise the demand for cranial clamps and is likely to boost the market to growth over the study period.
• In addition, the new acquisitions among the market players are expected to boost the market. For instance, in December 2021, Baxter International Inc completed its acquisition of Hillrom. Hillrom offers C-Flex Head Positioning System that allows easy, precise adjustments for head and cervical spine surgeries.
• Therefore, with all the aforementioned factors, like increasing road accidents along with traumatic brain injuries increase and new acquisitions of market players, the demand for cranial clamps is expected to boost the market over the study period. However, complications associated with cranial clamps are expected to hinder the growth of the market over the forecast period.