The Report Craniomaxillofacial (CMF) Devices Market Analysis by Product (Cranial Flap Fixation, CMF
Distraction, TMJ Replacement, Thoracic Fixation, Bone Graft Substitute), By
Material, By Application, And Segment Forecasts, 2019 – 2026
The global craniomaxillofacial devices
market size is expected to reach USD 3.88 billion by 2026, according to a
new report by Grand View Research, Inc. It is projected to register a CAGR of
6.0% during the forecast period. Increasing incidence of facial fractures and
demand for minimally invasive surgery for facial reconstruction are expected to
drive the demand for Craniomaxillofacial (CMF) devices. Faster recovery,
minimal incision to the body, and reduced complications associated with
minimally invasive reconstructive surgeries are anticipated to contribute to
the 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 devices. The advancement such as amplified
use of virtual plating technology and development of cost effective thoracic
fixation devices are attributed to the rising demand.
The
market is competitive in nature as the manufacturers are involved in new
product developments 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 edge. 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 the forthcoming years.
Access Research Report of Craniomaxillofacial (CMF) Devices Market @ www.grandviewresearch.com/industry-analysis/craniomaxillofacial-devices-market
Further key findings
from the study suggest:
· CMF plate and screw fixation led the product segment in
2018, owing to increasing number of CMF trauma and reconstruction procedures
which are non-elective
· Temporomandibular Joint (TMJ) replacement product segment
expected to show lucrative growth over the forecast period
· Metallic implants held the largest revenue share owing to
the advantage associated with the device such as less corrosive nature and
ability to provide rigid support to the fixators
· CMF devices find the largest application in neurosurgery
owing to, increasing CMF procedures in oncology and neurovascular surgeries
· Asia Pacific is anticipated to register rapid growth in
the forthcoming years owing to, the presence of high unmet needs coupled with
increasing patient awareness and improving healthcare infrastructure
· Three-dimensional printing allow integration of new
material for reconstruction and cranial surgery, this attracts more
manufacturers to make R&D investments for the development of advanced
products
· Key players operating in the craniomaxillofacial devices
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 regulated by authorities such as the U.S.
Food and Drug Administration (FDA) and the American Academy of implant may act
as a threat for new participants
Grand View Research has segmented the craniomaxillofacial
devices market on the basis of the product, material, application, and region:
Craniomaxillofacial
Devices Product Outlook (Revenue, USD Million, 2014 - 2026)
·
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 - 2026)
·
Metals
·
Bioabsorbable
·
Others
Craniomaxillofacial
Devices Application Outlook (Revenue, USD Million, 2014 - 2026)
·
Neurosurgery and ENT
·
Orthognathic and Dental
·
Plastic Surgery
Craniomaxillofacial
Devices Regional Outlook (Revenue, USD Million, 2014 - 2026)
·
North America
o U.S.
o Canada
·
Europe
o U.K.
o Germany
o France
o Italy
o Spain
·
Asia Pacific
o Japan
o China
o India
o Australia
o Singapore
o Malaysia
·
Latin America
o Mexico
o Brazil
·
MEA
o South
Africa
o Saudi
Arabia
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
