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. For instance, according to the Public Health Scotland (PHS) reports in 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.
As per the abovementioned source, in Scotland, 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 during 2022-2023. 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 are 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’s growth over the study period. For instance, in March 2022, Acumed stated that the OsteoMed product line would be managed and co-marketed with Acumed's comprehensive portfolio to better serve hospitals worldwide. OsteoMed’s product line has various neurosurgical devices, which include the OsteoMed and OsteoFlap Cranial Clamp Systems. These new advancements in hospital settings increase hospital admission, which is expected to drive the market’s growth over the study period.
Thus, all the abovementioned 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 register significant growth on the market over the forecast period.
North America is Expected to Hold a Significant Share in the Market Over the Forecast Period
North America is expected to register 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 register significant growth.
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, more than 51,000 people sustained traumatic spinal cord injuries in the United States. The significant burden of spinal cord injuries in the region highlights the need for cranial clamps in the management and maintenance of these 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 register a significant impact on the market. For instance, according to a report published by the International Transport Forum in September 2023, over 75,611 accident injuries were reported in Mexico in 2022.
Furthermore, new product approvals can drive the market to grow. For instance, in April 2022, Thompson Surgical Instruments received approval for its Thompson Brain Retractor Skull Clamp Mounted System (SCM) from the US Food and Drug Administration. 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 is expected to boost market growth over the forecast period.
