Craniomaxillofacial Devices Market Size By Product [Cranial Flap Fixation, CMF Distraction, Temporomandibular Joint Replacement, Thorasic Fixation, Bone Graft Substitute, MF Plate and Screw Fixation], By Material [Metal, Bioabsorbable Material, Ceramic], By Application [Neurosurgery & ENT, Orthognathic and Dental Surgery, Plastic Surgery], Industry Analysis Report, Regional Outlook (U.S., Canada, Germany UK, China, Japan, India, Mexico, Brazil, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2016 - 2023
Published Date: May 2016 | 94 Pages | Report ID: GMI432 Report Format: PDF
Craniomaxillofacial Devices Market size was valued at USD 1.14 billion in 2015, with over 6.8% CAGR growth expectation from 2016 to 2023.
U.S. craniomaxillofacial devices market size, by material, 2012 - 2023 (USD Million)
Increasing prevalence of sport injuries and facial fractures, coupled with rising demand for minimally invasive surgeries are pivotal factors driving global craniomaxillofacial devices market size.
The industry is witnessing rising demand for minimally invasive surgeries such as facial reconstruction and jaw replacement procedures, which make use of these devices. Minimally invasive surgeries offer minimum recovery time, minimal incision in the human body, fewer traumas and less prevalence of complications & risks associated with the surgery, which is expected to further contribute to growth.
The rising geriatric population should also catapult the market growth, since the risk of physical injuries and facial fractures is more in such population. WHO published data predicts that global population base of age of 65 years and more will grow to 17% by 2050.
Introduction of technological advancements in procedures such as use of robotic arm to assist CMF surgery and introduction of bioabsorbable implants for cranial fixation is another factor that should result in global market growth across the forecast period.
Technology innovation includes amplified use of virtual plating and development of relatively low cost thoracic fixation devices.
The craniomaxillofacial systems market is segmented on the basis of product into cranial flap fixation, CMF distraction, Temporomandibular joint, bone graft substitute and MF plate & screw fixation. Cranial flaps are used in skull replacement surgery and include connecting rods, inferior & superior disk. CMF distraction system is used in procedures such as trauma reconstruction, orthognathic surgery and oncology.
Temporomandibular joint are used in jaw replacement surgery. Bone graft substitutes are used for reconstruction of bone cavity and spine fusion while MF plates and screw are used for treating facial trauma and deformities. On the basis of material used for Craniomaxillofacial devices the market is segmented into metal, bioabsorbable and ceramic material. Metals used to manufacture CMF implants are stainless steel, titanium, vitallium, chromium, brass silver and copper.
Bioabsorbable material used for CMF procedures are polymers and copolymers including biosorb FX, PLGA and biosorb PDX.
Craniomaxillofacial Devices Market, By Product
Metal Fixation (MF) plates and screw fixation dominated the overall market share in 2015, with over USD 830 million. Increasing craniomaxillofacial surgery procedures, due to growing geriatric population, and rising demand for technologically advanced and minimally invasive devices should pull the MF plates and screw fixation market growth.
The temporomandibular joint replacement segment is expected to register highest growth rate of 11.2% CAGR across the forecast timeframe owing to increasing number of cosmetic surgeries such as chin augmentation and jaw replacement.
Neurosurgery and ENT is the major application area, targeted to exceed USD 700 million by 2023. Rising number of surgical procedures for treating trauma, coupled with adoption of deep brain stimulation procedures are some of the factors contributing to segment growth.
Introduction of surgical navigation technology for ENT procedures is further expected to fuel the industry growth from 2016 to 2023
Craniomaxillofacial Devices Market, By Region
North America, driven by U.S. market size is forecast to exceed USD 1 billion by 2023, still remaining the largest regional industry. Developed healthcare infrastructure, and rising prevalence of facial fractures and facial deformities due to rapid industrialization and urbanization in the region are the key driving factors over the forecast period.
APAC, with growth hinged on Japan, China and India craniomaxillofacial devices market is likely to witness over 8.8% revenue growth through 2023.
Presence of huge base of geriatric population, especially in Japan, high prevalence of orthopedic disorder, and increasing demand for minimally invasive surgery along with developing healthcare infrastructure are some factors contributing to the rapid growth in this region.
LATAM craniomaxillofacial devices market size is forecast to grow at over 7.6% CAGR, from USD 25.3 million revenue in 2015.
Competitive Market Share
Global craniomaxillofacial systems market share is competitive in nature and dominated by limited number of players. Stryker Corporation, KLS Martin LP, Zimmer-Biomet, Inc. and Medtronic are predominant industry players.
These players compete on the basis of product portfolio, geographic presence, and sustainability strategies in order to maintain leadership position.
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