The global craniomaxillofacial (CMF) devices market is
expected to reach USD 2.68 billion by 2025, according to a new report by Grand
View Research, Inc. Increasing incidences of facial fractures and demand for
minimally invasive surgery for reconstruction are expected to drive the CMF
devices market over the forecast period. The associated benefits with minimally
invasive reconstructive surgeries such as faster recovery, minimal incision to
the body, and less complications associated with the surgery are anticipated to
contribute further toward the market growth.
The introduction of
technologically advanced procedures such as robotic arm assisted CMF surgery
and bioabsorbable implants for cranial fixation are expected to drive the
demand for CMF systems. The advancement such as amplified use of virtual
plating technology and development of cost effective thoracic fixation devices
are attributing toward the rising demand.
The market is competitive in
nature as the manufacturers are involved in new product development strategies
to increase their market penetration. Also, the companies are entering into
collaborations and research alliance with other market players to increase
their product portfolio. Various software and virtual three-dimensional (3D)
technologies are adopted by companies to gain competitive advantage. For
instance, the introduction of technologically advanced 3D printing allows
manufacturers to integrate materials from both facial and cranial
reconstruction is expected to gain popularity in coming years.
Browse full research report on Global
Craniomaxillofacial Devices Market: http://www.grandviewresearch.com/industry-analysis/craniomaxillofacial-devices-market
Further Key Findings From
the Study Suggest:
- CMF plate and screw fixation dominated the product segment of CMF devices as of 2016, owing to increasing number of CMF trauma and reconstruction procedures which are non-elective
- Temporomandibular joint (TMJ) replacement product segment is expected to show lucrative growth over the forecast period
- Metallic implants held the largest revenue share owing to the advantage associated with it, such as less corrosive nature and provide rigid support to the fixators
- CMF devices find the largest application in neurosurgery owing to increasing CMF procedures in the oncology and neurovascular surgery treatments
- Asia Pacific region is anticipated to register rapid growth in coming years owing to the presence of high unmet needs coupled with increasing patient awareness levels and improving healthcare infrastructure
- Three-dimensional printing allow integration of new material for reconstruction and cranial surgery, this attracts more manufacturers for the investments in R&D for the development of advanced products
- Key players operating in this market include Johnson & Johnson (DePuy Synthes), Medtronic Inc., and Zimmer-Biomet Inc. which make the entry for small organizations difficult
- Moreover, stringent norms for product approval and post-approval performance monitoring which are regulated by authorities such as the U.S. FDA and American Academy of implant may act as a threat for new participants
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the Craniomaxillofacial
devices/systems market on the basis of the product, material, application, and
region:
Craniomaxillofacial Devices Product Outlook (Revenue, USD
Million, 2014 - 2025)
- Cranial flap fixation
- CMF distraction
- Temporomandibular joint
- Thoracic fixation
- Bone graft substitute
- MF plate and screw fixation
Craniomaxillofacial Devices Material Outlook (Revenue,
USD Million, 2014 - 2025)
- Metals
- Bioabsorbable
- Others
Craniomaxillofacial devices Application Outlook (Revenue,
USD Million, 2014 - 2025)
- Neurosurgery and ENT
- Orthognathic and dental
- Plastic surgery
Craniomaxillofacial Devices Regional Outlook (Revenue,
USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- Japan
- China
- India
- Latin America
- Mexico
- Brazil
- MEA
- South Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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