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Craniomaxillofacial Devices Market 2020 by industry trends, statistics, key companies growth and regional forecast

Author : Ronak Bora | Published Date : 2020-09-04 

Craniomaxillofacial Devices Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

The number of incidences of fractures and facial injuries is likely to propel craniomaxillofacial devices market growth. A report by the American Society of Plastic Surgeons states that in the U.S., more than 2,04,000 maxillofacial surgeries and around 2,13,000 nose reshaping surgical procedures were recorded in 2018. Growing prevalence of sports injuries, accidents, domestic violence, and interpersonal trauma has significantly increased the demand for craniomaxillofacial devices.

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A comprehensive research report by Global Market Insights, Inc., suggests that craniomaxillofacial devices market size will surpass $2.2 billion in revenue by 2026.

Craniomaxillofacial devices have essentially been classified into external and internal fixator. Reports suggest that the internal fixator segment was estimated to hold more than 70% of global craniomaxillofacial devices industry share in the year 2019.

Craniomaxillofacial device providers have witnessed a high demand for internal fixators as there are various benefits attached to them, including minimum recovery period and shorter hospital stay. Internal fixation helps in reducing the chances of improper healing as well as supports broken bone healing.

Craniomaxillofacial devices have a wide range of applications that include trauma reconstruction surgery, plastic surgery, and orthognathic surgery. With a significant rise in accidents as well as major technological advancements, there has been an ostensible increase in the demand for plastic surgeries over the years.

Companies have constantly been developing innovative products that are capable of catering to the needs of customers, which has further helped boost the rate of adoption of such devices. It had been estimated that the plastic surgery segment in the market had accounted for more than USD 300 million in 2019.

The devices is widely available across both ambulatory surgery centers and hospitals. There has been a rapid growth of healthcare professionals with the rising number of hospital admissions, supported by the expansion of hospital facilities. People are easily able to avail craniomaxillofacial surgeries across developed countries.

Governments of various nations have been focused on investing a significant amount in healthcare infrastructures like hospitals, invariably leading to the growth of craniomaxillofacial devices industry. Hospitals had contributed a revenue share of more than USD 800 million in the year 2019 and the segment expected to grow further in the near future.

Japan has witnessed an escalating growth of both sports fractures and facial fractures on account of accidents, fueling the product demand in the region. For example, as per a research article, Japan had recorded more than 400,000 road traffic accidents in the year 2018.

The region has also experienced a rising demand for reconstructive surgeries, creating a lucrative growth avenue for the industry suppliers. Japan craniomaxillofacial devices industry size has been estimated to exhibit a notable growth of nearly 4.4% over 2020-2026. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/craniomaxillofacial-devices-market

Partial Chapter of the Table of Content 

Chapter 3.    Craniomaxillofacial Devices Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2015 – 2026

3.3. Industry impact forces

3.3.1.    Growth drivers    Increasing incidence of facial injuries and fractures    Growing demand for minimally invasive reconstruction surgeries    Rise in the prevalence of congenital facial deformities    Recent technological advancements in CMF implants

3.3.2.    Industry pitfalls & challenges    High cost of craniomaxillofacial surgery    Lack of awareness in developing countries

3.4. Growth potential analysis

3.4.1.    By product

3.4.2.    By implant type

3.4.3.    By location

3.4.4.    By materials

3.4.5.    By application

3.4.6.    By resorbability

3.4.7.    By end-use

3.5. Regulatory landscape

3.5.1.    U.S.

3.5.2.    Europe

3.6. Patient-specific craniomaxillofacial implants, by competitor

3.7. Porter’s analysis

3.8. Competitive landscape, 2018

3.8.1.    Company matrix analysis, 2018

3.9.    PESTEL analysis

Chapter 4.    Craniomaxillofacial Devices Market, By Product

4.1. Key segment trends

4.2. MF Plate and Screw Fixation System

4.2.1.    Market estimates and forecast, by region, 2015 – 2026 (USD Million)

4.3. Cranial Flap Fixation System

4.3.1.    Market estimates and forecast, by region, 2015 – 2026 (USD Million)

4.4. CMF Distraction System

4.4.1.    Market estimates and forecast, by region, 2015 – 2026 (USD Million)

4.5. Temporomandibular Joint Replacement System

4.5.1.    Market estimates and forecast, by region, 2015 – 2026 (USD Million)

4.6. Thoracic Fixation System

4.6.1.    Market estimates and forecast, by region, 2015 – 2026 (USD Million)

4.7. Bone Graft Substitute System

4.7.1.    Market estimates and forecast, by region, 2015 – 2026 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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