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Craniomaxillofacial Devices Market Size Worth $2.90 Billion By 2025 | CAGR: 7.8%

Published Date : 10 / 12 / 17  | Report Format: PDF

The global Craniomaxillofacial Devices market is expected to grow at growth rate of 7.8% to reach USD 2.9 billion by 2025.

Craniomaxillofacial (CMF) devices are used during the surgical procedures of the face, mouth, skull and associated structure, aiming to provide better anatomy. Increasing sport related facial injuries is anticipated to boost the market growth of these devices. For example, according to Medscape, facial fractures accounted for 4% to 8% of all sports injuries. Sports injuries are the prominent cause of facial fractures and accounted for 11% to 40% of the cases. Nearly 47.3% of facial fractures are of the mandible and nasal bones as well as zygo-matico-maxillary complex. Other driving factors such as technological advancements, new product development, increasing investment by multinational companies, and product awareness will stimulate the utilization of CMF devices. However, inadequate reimbursement schemes will hamper the market growth during the forecast period.

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The CMF devices market is divided into cranial flap fixation, CMF Distraction, Cranial Flap Fixation, Thoracic Fixation, MF Plate and Screw Fixation, in terms of products.  A major chunk of the market is generated by MF Plate and Screw Fixation segment accounted for more than 65% share across the study period. Wide applications of these plates in tumor removal, orthognathic, cranial trauma, facial reconstruction, and correction of deformities has helped this segment to grow significantly. In terms of material, the market is divided into Metal, Bio-absorbable, and Ceramics. The metal segment is the largest market in 2017, dominating over the forecast period. Furthermore, bioabsorbable implants such as Lactosorb (W.L. Lorenz), Macropore (Medtronic), Resorbable Fixation System (Synthes Maxillofacial), and Bionx (Bionx Implants), are widely available that are used in fracture fixation. This will help bioabsorbable segment to record significant revenue during the future period.

Regionally, North America captured the largest share of the global market. Growing awareness coupled with support from government is likely to augment the market growth during the forecast period. For example, the establishment of American Society of Craniofacial Surgery (ASCFS), for creating awareness regarding CMF surgeries and its associated advantages are expected to propel demand for CMF devices in these regions. On another side, the establishment of organizations such as Asian Pacific Craniofacial Association, which aims at providing knowledge with surgeons and doctors with respect to the use of CMF devices is expected to boost the Asia Pacific market growth.

Companies such as Medartis AG, Medtronic plc, TMJ Concepts, and Johnson & Johnson are operating in this market. Strategic merger and acquisitions coupled with geographical expansion to increase company’s product offering will help these players to record significant revenue share. For example, in June 2015, DePuySynthes Companies of Johnson & Johnson launched the redeveloped orthopedic division in the UK for expansion of their business in medical device vertical

KEY BENEFITS OF THE REPORT:

  • Understanding of the strategies that are being adopted by the key players in this market to stay competitive
  • Extensive analysis of the key players dominating the competitive landscape of this market
  • In-depth analysis of the key factors are propelling the growth of the global market
  • Detailed analysis of the geographic region that will witness the strongest growth
  • Granular analysis of the current market scenario and the expected market grow

The scope of this report covers the market by its major segments, which include as follows:

Market Segmentation

 MARKET, BY PRODUCTS

  • Cranial Flap Fixation
  • CMF Distraction
  • Cranial Flap Fixation
  • Thoracic Fixation
  • MF Plate
  • Screw Fixation

MARKET, BY MATERIAL

  • Bio-absorbable
  • Metal
  • Ceramics

MARKET, BY MATERIAL

  • Plastic Surgery
  • Neurosurgery
  • Orthognathic

MARKET, BY REGION

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

MARKET, BY COUNTRY

  • Further Breakdown of The North America Market
    • U.S.
    • Canada
  • Further Breakdown of The Europe Market
    • Germany
    • France
    • Rest of Europe
  • Further Breakdown of The APAC Market
    • India
    • China
    • Rest of APAC
  • Further Breakdown of The Rest of the World Market
    • Middle East and Africa
    • Latin America

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