Rising old age population prone to physical injuries and facial fractures to drive craniomaxillofacial devices market demand
Craniomaxillofacial Devices Market size was evaluated at $1.15 billion for 2015 registering more than 6.81% of CAGR during forecast timeframe. Growing occurrence of facial fractures and sport injuries along with increasing demand for minimally invasive surgical operations like jaw replacement and facial reconstruction has contributed to industry growth.
Minimally invasive surgical operations are more preferred as they provide minimal recovery period, less trauma, minimum incision in human system and less occurrence of risks & complications. Increasing old age population more prone to risks of facial fractures as well as physical injuries is also predicted to make substantial contribution towards industry growth.
Launching of new techniques like utilization of robotic to help Craniomaxillofacial (CMF) surgery and use of bioabsorbable implant for fixing cranial are few of the aspects promoting industry growth during forecast timeline.
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The industry is segmented into various materials like ceramic materials, bioabsorbable materials and metals. Bioabsorbable materials utilized in CMF methods are copolymers and polymers which include biosorb PDX,biosorb FX and Poly Lactic-co-Glycolic Acid(PLGA).
Metals used in producing CMF implants are chromium, stainless steel, brass silver, vitalium and copper.
Global industry is segmented into different products like temporomandibular joint, cranial flap fixation, MF (Metal Fixation) plate & screw fixation, CMF distraction and bone graft replacement.
Cranial flap is used in skull replacement surgical operation and comprise superior & inferior disk and connecting rod. CMF distraction is utilized in methods like oncology, trauma reconstruction and orthagnathic surgical operation.
MF plate & screw fixation segment led the global craniomaxillofacial devices market share for 2015 by contributing more than $831 million. Growing craniomaxillofacial surgical operations owing to rising old age population and increasing demand for technologically modernized minimally invasive instruments are the factors predicted to push the growth of the segment.
Temporomandibular joint replacement segment is predicted to register 11.2% CAGR which is maximum across forecast timeline. The reason for the growth of the segment being growing amount of cosmetic surgical operations like jaw replacement and chin augmentation taking place globally.
ENT (Ear, Nose & Throat) and neurosurgery are the key application areas of the global industry. They are predicted to surpass $701 million mark by end of forecast timeframe. Growing amount of surgeries for treating trauma along with acceptance of deep brain stimulation methods are few of the aspects contributing to the growth of these applications.
Launch of surgical technique of navigation for ENT methods is further predicted to propel craniomaxillofacial market growth during forecast period.
The industry is segmented into key geographical regions like Latin America, MEA, North America, APAC and Europe.
North America craniomaxillofacial devices market has led the global industry and is predicted to surpass $1.1 billion mark by end of forecast timeframe. Growing occurrence of facial defects and fractures owing to rapid urbanization are key factors driving industry growth in the region during forecast timeframe.
APAC industry is predicted to experience more than 8.81% revenue expansion during forecast timeframe. Countries like India, Japan and China are expected to contribute major revenue share of the industry. Further, presence of large old age population, high occurrence rate of orthopedic ailment and growing demand for minimally invasive surgical operation along with emerging healthcare infrastructure are few of the factors adding to the regional industry expansion.
Latin American industry was evaluated at $ 25.31 million for 2015 and is predicted to register more than 7.61% CAGR during forecast timeframe.
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Key industry participants profiled in the report include Stryker Corporation, W. L. Gore & Associates Incorporation, Integra LifeSciences, Medartis AG, Zimmer-Biomet Incorporation, Johnson & Johnson ,Medtronic Plc, TMJ Concepts, OsteoMed L.P., Kanghui Medical Innovation Company Limited, KLS Martin L.P. and Aesculap Implant Systems.
These industry participants compete with each other to retain leading position in the industry and gain maximum industry share.
This entry was posted in Healthcare & Medical Devices and tagged Bioabsorbable Implants, Bioabsorbable Material, Bone Graft Substitute, Ceramic, CMF Distraction, Cranial Flap Fixation, Cranial Reconstructive Surgery, Craniomaxillofacial Devices Market, Craniomaxillofacial Devices Market Revenue, Craniomaxillofacial Devices Market Size, ENT, Global Craniomaxillofacial Devices Market, Joint Replacement, Metal, MF Plate, Neurosurgery, Orthognathic and Dental Surgery, Plastic Surgery, Screw Fixation, Temporomandibular Joint Replacement, Thorasic Fixation.