Cranio Maxillofacial Fixation Devices Market | Global Key Players Review - AESCULAP IMPLANT SYSTEMS, DEPUY SYNTHES, INTEGRA LIFESCIENCES, MEDTRONIC, SMITH & NEPHEW, STRYKER CORPORATION, W. L. GORE & ASSOCIATES

Global Cranio Maxillofacial Fixation Devices Market Highlights
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.

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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.

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.

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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.

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This release was published on openPR.