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Growth Dynamics 2019 - Craniomaxillofacial Devices Market with Key Players: Stryker Corporation, KLS Martin L.P, Medtronic Plc, Medartis AG
Craniomaxillofacial Devices Market
Some of the companies operating in craniomaxillofacial devices includes Johnson & Johnson, Stryker Corporation, Medtronic, Zimmer- Biomet, Aesculap Implant Systems, Integra LifeSciences, Medartis and KLS Martin.
The companies are consolidating their market position by increasing their focus on product portfolio, geographic expansion and sustainable strategies in order to maintain leadership position.
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Increased demand for minimally invasive surgeries and development of 3D implants should drive global craniomaxillofacial devices market over the forecast period. Growing incidence rates of road accidents, rising prevalence of facial fractures due to combat sports and increasing need for effective reconstructive surgeries should further drive business growth.
Growing awareness regarding craniomaxillofacial (CMF) devices will stimulate demand for such devices. For instance, American Society of Craniofacial Surgery (ASCFS) and International Society of Craniofacial Surgery (ISCFS) conduct research activities to spread awareness regarding craniomaxillofacial surgeries. High cost associated with the surgery, growing competition and less awareness among patients may hamper the craniomaxillofacial devices market growth.
Rising geriatric population base and increased healthcare expenses should fuel demand for craniomaxillofacial surgeries over the forecast timeframe. Integration of advanced technological 3D printed implants used in cranial reconstructive surgery will increase acceptance and provide significant growth opportunities.
Cranial flap fixation will experience significant growth over the forecast timeframe. Cranial flaps are used in skull replacement surgery. The Synthes FlapFix System is advanced cranial clamp solution and it is used by surgeons to implant with single instrument in a single and simple motion. The specially designed instrument offers surgeons to affix cranial bone flaps rapidly and with only one hand. These factors should drive industry growth over the forecast period.
CMF distraction system will experience lucrative growth due to its usage in procedures like trauma reconstruction, orthognathic surgery and oncology. The device is used as bone stabilizer and also in the improvement of hereditary deficiencies or posttraumatic defects of the mandibular body and ramus, where bone distraction is necessary. These factors will further drive industry growth.
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Metals contributed for major revenue share in 2015, due to increased application in craniofacial implantation procedures. Titanium alloys, stainless steel and cobalt-chrome alloys are widely used metals. Titanium and its alloys are used in magnetic resonance imaging (MRI) applications which will drive craniomaxillofacial devices market over the forecast period.
Plastic surgery is the fastest growing application due to rising awareness and demand for aesthetic procedures and increased spending on cosmetic surgeries particularly in developed countries.
U.S. craniomaxillofacial devices Market should grow at significant growth rate over the forecast timeframe. Increasing awareness among patients regarding craniofacial surgery, technological advancement and improved healthcare infrastructure should drive business growth.
China and India accounted for lucrative growth over the forecast period. The growth is attributed owing to the presence of untapped opportunities, economic development and growing patient awareness levels.
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