Market Trends of Cranial Clamps Industry
Hospital Segment is Expected to Exhibit a Significant Growth in the Market Over the Forecast Period
- The hospital segment is expected to grow at a significant rate due to the increasing burden of neurological diseases, the high burden of emergency unintentional injuries, and the presence of skilled professionals. According to the Public Health Scotland (PHS) reports 2022, falls were by far the most frequent reason for emergency admissions for unintentional injuries in children, accounting for nearly half (46%) of the 5,919 emergency admissions in 2021-2022.
- Similarly, as per the same above-mentioned source, 87% of unintentional injuries in people 65 and older were caused by falls, which climbed from 20.7 per 1,000 in past years to 22.5 per 1,000 in 2022-23. The increasing prevalence of accidental falls raises the need for cranial clamps, which are utilized during neurosurgeries for brain injuries because falls are a primary cause of brain injuries and is expected to propel the growth of the market over the study period.
- Furthermore, the new advancements and infrastructure in the hospital settings for brain injuries are expected to increase the demand for cranial clamps and drive the market over the study period. For instance, in October 2021, BrainScope and Aon plc completed an intellectual property-based funding arrangement.
- The funding arrangement provides BrainScope with up to USD 35 million in capital to fund the full expansion of its commercial activities as well as to develop new clinical applications on its platform. These new advancements in hospital settings for traumatic brain injuries increase hospital admission, which is expected to drive the market over the study period.
- Thus, all the above-mentioned factors, like increasing emergency admissions along with traumatic brain injuries and funding arrangements, increase the hospital brain trauma services along with rising demand for cranial cramps, which is expected to have significant growth on the market over the forecast period.
Understand The Key Trends Shaping This Market
Download Sample
North America is Expected to Hold a Significant Share in the Market Over the Forecast Period
- North America is expected to have a significant share in the market, owing to the rising prevalence of neurological diseases such as brain stroke. In addition, the presence of skilled professionals related to the treatment of brain injuries, along with advanced healthcare infrastructure within the emergency departments in the region, is expected to have significant growth in the market.
- Furthermore, the high burden of spinal cord injury in the region increases the need for surgeries and increases the demand for cranial clamps. For instance, as per the National Spinal Cord Injury Model Systems (SCIMS) database, in June 2022, there were more than 51,000 persons who sustained traumatic spinal cord injuries in the United States. This shows the high burden of spinal cord injuries in the region, which need cranial clamps during the maintenance of spinal cord injuries.
- The main causes of spinal injuries include traffic or road accidents. Thus, with an increasing number of road accidents, the market is expected to have a significant impact on the market. For instance, according to GNP Insurance 2022, the number of car accident injuries grew by 28% in 2021 compared to the previous year in Mexico, which increases the demand for cranial camps and is expected to drive the market over the forecast period.
- Furthermore, new product approvals can drive the market to grow. For instance, in April 2022, Thompson Surgical Instruments received approval for its Thompson nrain retractor skull clamp mounted (SCM) from United States FDA. These approvals increase the widespread distribution of the product in the region and are expected to boost the market.
- Therefore, all the aforementioned factors, like increasing road accidents along with the high burden of spinal cord injuries and new product approvals in the region, are expected to increase the demand for cranial clamps, which likely boosts the market over the forecast period.
Get Analysis on Important Geographic Markets
Download Sample
