Dural Graft Market 2022
The global Dural Graft Market is stipulated to witness a CAGR of 6% and reach US$ 1.1 Bn by the year 2019-2029. Digital innovation is the buzzword. As such, digital health unicorns are coming up. Digital upswinging is thus expected to take the entire healthcare vertical by storm in the next 10 years. This would be the state of the healthcare vertical in the near future.
Global demand for dural graft is expected to grow significantly, owing to rising burden of neurosurgical diseases leading to increasing cranial and spinal duraplasty, and rapid technological advancements in dural graft products. Moreover, increasing global neurosurgical workforce, extensive clinical research, and increasing demand for CNS dural repair are responsible for increasing the adoption of dural graft products. For instance, in 2004, the World Health Organization (WHO) estimated that, there were 33,193 neurosurgeons worldwide, including trainees. Whereas, in 2015, this number rose to approximately 49,940 neurosurgeons, with a 4% total growth, worldwide.
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Persistence Market Research predicts that, the global dural graft market will exhibit a 6% CAGR during the forecast period (2019-2029).
Company Profiles:
- Cook Medical.
- Integra Lifesciences Corporation
- B Braun
- Cousin Biotech,
- Natus Medical Incorporated
- Tissuemed Ltd,
- Vostra GmbH
- Stryker Corporation
- Medtronic Plc.
- Johnson & Johnson,
- Aesculap, Inc.
- Baxter International Inc
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Key Takeaways of Dural Graft Market Study
- By product type, synthetic dural graft along with xenogeneic dural graft are expected to gain traction during the forecast period.
- Technological advancements in material science of dural graft products in North America and Europe are expected to contribute to the significant dominance of these regions during the forecast period.
- Brain and spine tumor applications are expected to hold more than 50% share in the global dural graft market.
- Synthetic polymer material is expected to gain significant traction and experience 2X demand by 2029.
- Leading dural graft manufacturing companies are partnering with innovative product developers and specialized distributors to strengthen their market position.
- Rising healthcare expenditure and increasing neurosurgeon workforce density in East Asia are expected to offer significant opportunities for market growth.
“Increasing scientific evidence from industry-led clinical trials and technological advancements in dural graft products are expected to support the significant adoption of synthetic nanofibrous dural grafts.” says a PMR analyst.
Brain and Spinal Tumor Application Dominating Dural Graft Market
Prevalence of CNS tumors due to neurological conditions is growing rapidly. Chiari malformation and spinal cord tumor-related neurosurgical procedures requiring dural grafts for surgeries are becoming more frequent. Growing risk of such neurological conditions demands neurosurgical procedures along with duraplasty for effective and safe treatment outcomes. For instance, in 2018, more than 50% of dural grafts were used in cranial and spine tumor operations. This high proportion is estimated to continue in the future.
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Key Questions Answered in the Dural Graft Market Report
How is the Dural Graft Market expected to grow over the projected period?
What direction is the Dural Graft Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Dural Graft Market in future?
What are the key market drivers in the Dural Graft Market?
What are significant opportunities and improvement areas for Dural Graft Market manufacturers?
What are the key developments and trends taking over the Dural Graft Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Dural Graft Market?
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