Craniomaxillofacial Devices markets industry forecast reports till 2024 with Zimmer Biomet, Medtronic, Stryker, KLS Martin Group

Growing demand for minimally invasive reconstruction surgeries instead of traditional methods will result in increase in adoption rate of craniomaxillofacial surgeries thereby, fueling the industry growth. According to a recent research, recognized healthcare cost savings and patient-centric benefits have led to introduction of minimally invasive surgical procedures. Hence, recent technological evolution will benefit the growth of craniomaxillofacial devices market in the upcoming years.

High cost of the craniomaxillofacial surgeries will be a major market impeding factor. The high cost of craniomaxillofacial surgeries is unaffordable to low and middle income patient population, thereby declining the demand and growth of the business.

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MF plate and screw fixation system market held the majority of the market share and was valued USD 883.6 million in the year 2017. Growing incidents of craniomaxillofacial surgery procedures, due to rising demand for technologically advanced products, growing geriatric population and minimally invasive devices will boost the MF plates and screw fixation market growth in the forthcoming years.

U.S. dominated the North America craniomaxillofacial devices market and was valued at around USD 630.6 million in the year 2017. According to the statistics published by Arnold Palmer Hospital, around 6,000 infants are born with facial condition such as cleft lip or cleft palate that requires coordinated multidisciplinary care. Increase in traffic accidents and accidental trauma cases in the country will enhance the growth of CMF devices market in the region.

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Increasing incidence in maxillofacial injuries and fractures will be a major market driving factor in the forthcoming years. The incidence of maxillofacial fractures vary from region to region on the basis of local demographic and socioeconomic status. As per the recent research study, the incidence is more in males than in females aged between 20 and 30 years. Factors such as increase in traffic accidents, sport injuries, falls, assaults and motor car accidents are responsible for increasing incidence of facial injuries and fractures, augmenting the market growth.

Temporomandibular joint replacement system market is estimated to grow at a robust CAGR of 10.9% during the forecast timeframe. The major sign of a total temporomandibular joint replacement is due to severely damaged or mutilated joint, that can result from several types of joint diseases or previous surgical procedures. Increase in number of temporomandibular joint fractures due to accidents, assaults or fall will result in enhancing the business growth in the near future.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
 Stryker
 KLS Martin Group
 Zimmer Biomet
 Medtronic

Internal fixators market was dominant in the year 2017 and was valued around USD 895.5 million. The use of internal fixation techniques by a surgeon to minimize operative management complications by reducing soft-tissue disruption will increase the adoption of such devices. Recent technological advancements in treatment of craniomaxillofacial injuries with the help of bioabsorbable internal fixators will drive the business growth.

External fixators market is estimated to grow at a considerable CAGR of 7.2% over the projection period. The use of mandibular external fixator helps to achieve definite bone healing. External fixators are usually used temporarily and repeatedly hence, fuelling the growth of the craniomaxillofacial devices market in the near future.

Metal CMF devices market had maximum market share and was valued over USD 858.1 million in the year 2017. The increase in use of metals in maxillofacial surgery to overcome the defects such as metal corrosion, difficult to shape them to the required form, late-onset implant failures, problems related to their cost and presence of scatters in radiographic examination will boost the market growth in the near future.

Bioabsorbable CMF devices market is estimated to grow a at CAGR of 7.5% over the forecast period. In the last few years, there has been increase in use of bioabsorbable devices in craniomaxillofacial surgery. These devices are made of polylactic acid and/or polyglycolic acid polymers that provide effective treatment for craniomaxillofacial fractures resulting in growing demand and adoption rate of the bioabsorbable craniomaxillofacial devices.

The application of craniomaxillofacial devices in trauma reconstructive surgeries held the majority of market share and was valued around USD 493.5 million in the year 2017. Increase in use of devices for the treatment of craniofacial or maxillofacial trauma will result in growing demand and adoption rate of the craniomaxillofacial devices, augmenting the market growth in the near future.

The application of craniomaxillofacial devices in orthognathic surgery is projected to grow at a CAGR of 7.4% over the forecast timeframe. Increase in applications of craniomaxillofacial devices in corrective jaw surgery and reconstruction of cleft palate or other major craniofacial anomalies will boost the demand of devices hence, augmenting the business growth.

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India CMF devices market is estimated to grow substantially at a CAGR of 9.5% during the projection period. Growing number of accidents and traumatic facial injuries along with greater healthcare affordability among the patients regarding the treatment related to craniomaxillofacial injuries will increase the demand for craniomaxillofacial devices in the country.

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