Global Craniomaxillofacial Devices Market size to exceed $1.9 bn by 2024
Published Date: December 12, 2018 Authors: Sumant Ugalmugale
Global Craniomaxillofacial Devices Market size is set to exceed USD 1.9 billion by 2024; according to a new research study published by Global Market Insights, Inc.
Recent technological advancements pertaining to the design of craniomaxillofacial devices that make it risk-free, less invasive and more efficient causing minimal damage to the bones will lead to growing demand and adoption rate of the device. Enhancement in the devices and implantation procedures has resulted in reduced health risk and increased the survival rate in patients. Hence, the rapid technological advancements will be one of the major factors responsible for boosting the craniomaxillofacial devices market growth in the near future.
Rise in the prevalence of congenital facial deformities in newborn children will be one of the major factors responsible for the growth of craniomaxillofacial devices market in the near future. Congenital anomalies are one of the major causes of infant mortality and childhood morbidity that affects around 2-3% of all the babies and 1% of all the babies have syndromes or multiple anomalies, craniofacial anomalies being the common ones. Hence, increasing number of cases with congenital facial anomalies will drive the demand and market growth of craniomaxillofacial devices in the near future.
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Lack of awareness regarding the craniomaxillofacial surgeries and treatments among the people living in the developing nations will be a market impeding factor. People with congenital facial anomalies in developing nations are unaware about the recent technological advancements regarding craniomaxillofacial surgeries and treatments, thus hindering the market growth.
Browse key industry insights spread across 200 pages with 228 market data tables & 10 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 Location (Internal Fixators, External Fixators) By Materials (Metal, Bioabsorbable material, Ceramic) By Application (Trauma Reconstruction Surgery, Orthognathic Surgery, Plastic Surgery) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, Japan, India, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
CMF distraction system market was valued around USD 92.9 million in the year 2017. CMF distraction system are lengthening device used for bone stabilizing and correction of post-traumatic defects or congenital deficiencies of the mandibular body and ramus, that requires gradual bone distraction. The CMF distraction system is used single time only, resulting in repetitive use, thereby boosting the business growth in the forthcoming years.
Internal craniomaxillofacial device fixators market is estimated to grow at a CAGR of 6.7% over the projection period. Several advantages offered by the internal fixators such as accurate, and consistent performance with tightening fasteners will boost the product demand. Increase in number of midfacial and craniofacial skeleton that is affected by trauma, or facial reconstruction will enhance the industry growth in the forthcoming years.
Bioabsorbable craniomaxillofacial devices market was valued around USD 303.7 million in the year 2017. Recent technological advancements and launch of new techniques such as use of bioabsorbable implant for fixing craniomaxillofacial injuries are some of the few aspects that will be responsible for the growth of bioabsorbable craniomaxillofacial devices market in the future.
The application of craniomaxillofacial devices in trauma reconstructive surgeries is projected to grow at a considerable CAGR of 6.6% over the forecast timeframe. Growing treatment of orbital and mid-facial fractures, and peri-orbital soft tissue injuries will result in boosting demand and adoption rate of craniomaxillofacial devices thereby, fueling the market growth in the forthcoming years.
U.S. craniomaxillofacial devices market is estimated to grow at robust CAGR of 5.8% during the projection period. Increase in number of traffic accidents, traumatic and sport injuries along with recent technological advancements in the country and high healthcare expenditure will result in promoting the growth of craniomaxillofacial devices growth in the U.S.
Germany dominated the Europe craniomaxillofacial devices market and was valued around USD 57.0 million in the year 2017. Growing number of facial injuries due to traumatic injuries, traffic accidents and sport injuries leading to broken facial bones has resulted in increase in demand and adoption rate of craniomaxillofacial devices in Germany, fueling the market growth in coming years.
Some of the leading players in the craniomaxillofacial devices market include Stryker Corporation, KLS Martin LP, Zimmer-Biomet, Inc. and Medtronic. These companies mainly focus on strategic decisions to increase the research and development investment in order to manufacture more advanced and innovative products. Merger and acquisitions, partnerships and collaborations have increased the capabilities of the companies and increase their efficiency to sustain in the market by providing better product portfolio.
Craniomaxillofacial devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
Craniomaxillofacial devices market 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
Craniomaxillofacial devices market by Location
- Internal Fixators
- External Fixators
Craniomaxillofacial devices market by Material
- Bioabsorbable material
Craniomaxillofacial devices market by Application
- Trauma Reconstruction Surgery
- Orthognathic Surgery
- Plastic Surgery
The above information is provided for the following regions/countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia