Global Cranio Maxillofacial Fixation Devices Market - Segmented by Technique, Material, Application, and Geography - Growth, Trends, and Forecast (2022 - 2030)
The global cranio maxillofacial fixation devices market is expected to register a good CAGR during the forecast period, 2018 to 2023. Cranio maxillafacial is a special branch of orthopaedic surgery that focuses on all the aspects of skull and facial disorder. The surgery is usually performed for the treatment of severe injury to the cranial and facial bones.
Increasing Incidences of Sports and Facial Fractures
Increasing demand for minimally invasive surgeries is expected to drive the CMF devices market during the forecast period. Rising incidences of road accidents due to urbanization and industrialization, and rising demand for effective reconstructive surgeries are expected to enable immense growth of the CMF devices market. Increasing prevalence of facial fractures is expected to result mainly from combat sports (approximately 80%). Moreover, growing geriatric population and rising healthcare expenditures are other factors presumed to drive the demand for CMF surgeries over the forecast period.
Lack of Reimbursement Policies
Due to the lack of reimburse policies for many of the cranio maxillofacial fixation devices is a major restraining factor for the market. And frequent product recalls have been observed to hamper the overall growth of the market. Recall of products has an adverse effect on a manufacturer’s business and reputation. Limited medical reimbursement for bone stimulation products and high treatment costs associated with BMP and PRP products are also restraining the market.
US Lead the Market in North America Region
The US cranio maxillofacial fixation devices market holds the largest market share in 2017 in North America region due to the presence of high quality healthcare system. In the APAC sector, China and India have been identified as potential emerging markets.
Key Developments in the Market:
• February 2018 - Stryker has completed the acquisition of Entellus Medical
Major Players: AESCULAP IMPLANT SYSTEMS, INC., DEPUY SYNTHES, INTEGRA LIFESCIENCES, MEDTRONIC PLC, SMITH & NEPHEW PLC, STRYKER CORPORATION, W. L. GORE & ASSOCIATES, INC., ZIMMER BIOMET, among others.
Reasons to Purchase this Report
• Current and future cranio maxillofacial fixation devices market outlook in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support along with the Market Estimate sheet (in excel)
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs
Increasing Incidences of Sports and Facial Fractures
Increasing demand for minimally invasive surgeries is expected to drive the CMF devices market during the forecast period. Rising incidences of road accidents due to urbanization and industrialization, and rising demand for effective reconstructive surgeries are expected to enable immense growth of the CMF devices market. Increasing prevalence of facial fractures is expected to result mainly from combat sports (approximately 80%). Moreover, growing geriatric population and rising healthcare expenditures are other factors presumed to drive the demand for CMF surgeries over the forecast period.
Lack of Reimbursement Policies
Due to the lack of reimburse policies for many of the cranio maxillofacial fixation devices is a major restraining factor for the market. And frequent product recalls have been observed to hamper the overall growth of the market. Recall of products has an adverse effect on a manufacturer’s business and reputation. Limited medical reimbursement for bone stimulation products and high treatment costs associated with BMP and PRP products are also restraining the market.
US Lead the Market in North America Region
The US cranio maxillofacial fixation devices market holds the largest market share in 2017 in North America region due to the presence of high quality healthcare system. In the APAC sector, China and India have been identified as potential emerging markets.
Key Developments in the Market:
• February 2018 - Stryker has completed the acquisition of Entellus Medical
Major Players: AESCULAP IMPLANT SYSTEMS, INC., DEPUY SYNTHES, INTEGRA LIFESCIENCES, MEDTRONIC PLC, SMITH & NEPHEW PLC, STRYKER CORPORATION, W. L. GORE & ASSOCIATES, INC., ZIMMER BIOMET, among others.
Reasons to Purchase this Report
• Current and future cranio maxillofacial fixation devices market outlook in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support along with the Market Estimate sheet (in excel)
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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