AnalystView Identifies Market Opportunities for Craniomaxillofacial Devices Market Across North America and Europe in Latest Published Study | Medartis AG, Zimmer Biomet, Stryker Corporation, Johnson & Johnson, Medtronic plc and TMJ Concepts

AnalystView Market Insights recently introduced in-depth study on Global Craniomaxillofacial Devices Market, describing about its products, materials, application and regions which elaborates market outlook and status to 2025. According to this study, by the end of 2025, global Craniomaxillofacial Devices market is expected to reach USD 2.9 billion by 2025, expanding at CAGR of 7.8%.

Craniomaxillofacial (CMF) devices are used during the surgical procedures of the face, mouth, skull and associated structure, aiming to provide better anatomy. Increasing sport related facial injuries is anticipated to boost the market growth of these devices. For example, according to Medscape, facial fractures accounted for 4% to 8% of all sports injuries. Sports injuries are the prominent cause of facial fractures and accounted for 11% to 40% of the cases. Nearly 47.3% of facial fractures are of the mandible and nasal bones as well as zygo-matico-maxillary complex. Other driving factors such as technological advancements, new product development, increasing investment by multinational companies, and product awareness will stimulate the utilization of CMF devices. However, inadequate reimbursement schemes will hamper the market growth during the forecast period.

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The CMF devices market is divided into cranial flap fixation, CMF Distraction, Cranial Flap Fixation, Thoracic Fixation, MF Plate and Screw Fixation, in terms of products. A major chunk of the market is generated by MF Plate and Screw Fixation segment accounted for more than 65% share across the study period. Wide applications of these plates in tumor removal, orthognathic, cranial trauma, facial reconstruction, and correction of deformities has helped this segment to grow significantly. In terms of material, the market is divided into Metal, Bio-absorbable, and Ceramics. The metal segment is the largest market in 2017, dominating over the forecast period. Furthermore, bioabsorbable implants such as Lactosorb (W.L. Lorenz), Macropore (Medtronic), Resorbable Fixation System (Synthes Maxillofacial), and Bionx (Bionx Implants), are widely available that are used in fracture fixation. This will help bioabsorbable segment to record significant revenue during the future period.

Regionally, North America captured the largest share of the global market. Growing awareness coupled with support from government is likely to augment the market growth during the forecast period. For example, the establishment of American Society of Craniofacial Surgery (ASCFS), for creating awareness regarding CMF surgeries and its associated advantages are expected to propel demand for CMF devices in these regions. On another side, the establishment of organizations such as Asian Pacific Craniofacial Association, which aims at providing knowledge with surgeons and doctors with respect to the use of CMF devices is expected to boost the Asia Pacific market growth.

Companies such as Medartis AG, Medtronic plc, TMJ Concepts, and Johnson & Johnson are operating in this market. Strategic merger and acquisitions coupled with geographical expansion to increase company’s product offering will help these players to record significant revenue share. For example, in June 2015, DePuySynthes Companies of Johnson & Johnson launched the redeveloped orthopedic division in the UK for expansion of their business in medical device vertical.

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Global Craniomaxillofacial Devices Market: Snapshot

Market, By Products
Cranial Flap Fixation
CMF Distraction
Cranial Flap Fixation
Thoracic Fixation
MF Plate
Screw Fixation

Market, By Material
Bio-absorbable
Metal
Ceramics

Market, By Material
Plastic Surgery
Neurosurgery
Orthognathic
Market, by Region

North America (U.S. and Canada)
Europe (France and Germany)
Asia Pacific (India and China)
Middle East and Africa
Latin America
Rest of the World

Key players profiled in this report with special attention on competitive landscape includes, (can be further customized to include additional 10 profiles of companies):
Medartis AG
Medtronic plc
TMJ Concepts
Johnson & Johnson
Stryker Corporation

USP of our key vendor analysis:
-Well-designed strategic framework design for these key players will help to understand the market movement including regional expansion, mergers & acquisitions, and new product developments
-Thorough SWOT i.e. Strength, Weakness, Opportunities and Threat for individual company profiling is analyzed in order to present a detailed market
opportunity assessment.

Key benefits of the report:
• The report presents a macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• A thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country-specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts segmentations, and growth specific to the countries.
• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments

Research Methodology:
- Preliminary Data Mining: Secondary Research, Paid Databases, Primary Research
- Data Synthesis & Analysis: Top-Down Approach, Bottom-Up Approach, Supply Side and Demand Side
- Market Formulation: Market Dynamics, Total Addressable Market and Machine Learning Technique
- Data Verification: Quality Assurance and Reach a Conclusion

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