Craniomaxillofacial Devices Market size to exceed $2.2 Bn by 2026

Craniomaxillofacial Devices Market size is expected to cross USD 2.2 billion by 2026, according to a new research report by Global Market Insights, Inc.
 

Rising prevalence of congenital facial deformities across the globe will significantly boost the market growth over the forthcoming years. Growing geriatric population and demand for minimally invasive devices will further propel the market growth positively.

 

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Rising prevalence of congenital facial deformities and technological advancements is expected to propel market growth

Growing prevalence of congenital facial deformities in infants is projected to be one of the key factors contributing to the growth of craniomaxillofacial devices market through 2026. According to the recently published article, craniofacial anomalies occur in 1 in every 1,600 newborns in the U.S. Hence, growing number of cases with congenital facial deformities is projected to drive the demand for craniomaxillofacial devices. Furthermore, technological advancements related to the design of craniomaxillofacial devices that makes it less invasive, risk-free, and more efficient causing minimum damage will lead to growing demand and adoption rate of the devices, fueling the business growth.
 

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Growing demand for MF plate and screw fixation system will boost the market growth

MF plate and screw fixation system held the largest revenue in 2019 that was valued at over USD 990 million and is expected to follow the similar trend over the forecast timeframe. The high growth is attributed to growing number of people suffering from facial trauma and congenital deformities. Furthermore, these plates are accessible in wide range of sizes & shapes, wherein the plates are made up of titanium and screws that are made up of titanium alloy. Hence, increase in adoption of craniomaxillofacial devices will play vital role in augmenting the market growth.
 

Browse key industry insights spread across 400 pages with 862 market data tables & 12 figures & charts from the report, Craniomaxillofacial Devices Market Size By Product (MF Plate and Screw Fixation System, Cranial Flap Fixation System, CMF Distraction System, Temporomandibular Joint Replacement System, Thoracic Fixation System, Bone Graft Substitute System), By Implant Type (Standard Implants, Customized/Patient-specific Implants), By Location (Internal Fixators, External Fixators), By Materials (Metals, Bioabsorbable Materials, Ceramics, Polymers), By Application (Trauma Reconstruction Surgery, Orthognathic Surgery, Plastic Surgery), By Resorbability (Resorbable Fixators, Non- Resorbable Fixators), By End-use (Hospitals, Ambulatory Surgery Centers), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026in detail along with the table of contents:     

https://www.gminsights.com/industry-analysis/craniomaxillofacial-devices-market
 

Increase in preference for patient specific implants will enhance the market growth

The customized/patient-specific implants was valued over 480 million in 2019 and is projected to hold a substantial craniomaxillofacial devices market share by 2026. The high growth is owing to multiple benefits provided by these implants to the patients as well as surgeons. These implants provide better anatomic fit, satisfied aesthetic results and reduces the operating time.
 

Increase in adoption of external fixators for traumatic injuries will boost the market growth

The external fixators segment is anticipated to witness the fastest growth at 7.3% over 2020 to 2026. These fixators are indicated to offer treatment for fractures of the maxillofacial area including fractures associated with infection, panfacial fractures, severe open mandibular fractures, bone grafting defects and others. Hence, the attributes offered by external craniomaxillofacial devices will play significant role in augmenting the craniomaxillofacial devices market growth.
 

Use of metallic craniomaxillofacial devices owing to their advantages is expected to boost the product adoption

Metals segment held the largest revenue share in 2019 and was valued at USD 847.9 million. This is due to the specific characteristics it possesses such as tensile strength, elasticity, shear stress, and yield strength. Hence, owing to the advantages posed by metal craniomaxillofacial devices, the market is estimated to show considerable growth in future.
 

Growing demand for facial aesthetics will propel the market demand

The orthognathic surgery segment is expected to grow at 7.5% over the forecast period. The high growth is attributed to rising interest in facial aesthetics, higher personal income and growing plastic surgery clinics. Also, increase in number of dentofacial deformities will boost the demand and adoption rate of craniomaxillofacial devices.
 

Several advantages offered by non-resorbable fixators will boost the market

Non-resorbable fixators segment of craniomaxillofacial devices market was valued over USD 1 billion in 2019. The high growth is attributed to accessibility and large usage of non-resorbable fixators in dentistry and neurosurgery. Hence, the segmental market will witness the considerable market growth in the upcoming years.
 

Cost-effectiveness and high quality of care will boost the market growth

Ambulatory surgical centers segment is expected to witness significant growth at 8.6% over the estimation period. The high growth is due to several advantages it offers to the patients including quality of care, low cost and convenience. Also, most of the procedures performed in ambulatory surgical centers are less expensive as compared to the hospitals.
 

Growing number of facial aesthetics, sports injuries in Asia Pacific and Brazil

Asia Pacific craniomaxillofacial devices market was valued at more than USD 230 million in 2019 and will witness lucrative growth over the forecast period. The high growth can be attributed to increasing incidences of sports and facial fractures followed by growing number of accidents in the region. Furthermore, lack of alternatives for the facial fractures will further stimulate the business growth. Also, rising awareness for the possible treatments and growing aging population in the region which is more vulnerable to the factures due to falling will also boost the business growth.
 

Brazil dominated the Latin America craniomaxillofacial devices industry and is projected to expand at a CAGR of around 8.5% over the forecast timeframe. The high growth rate is attributed to growing number of facial surgeries in the past few years.
 

Companies focusing on innovative products to expand customer base and operations

Some of the leading players in the craniomaxillofacial devices market share include Stryker, KLS Martin, Medartis, Johnson & Johnson, TMJ Concepts, OsteoMed, Integra LifeSciences, Kanghui Medical Innovation and Aesculap Implant Systems. These companies are focusing on various strategies such as strategic partnerships, new product launches and acquisitions to consolidate their business presence.
 

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