Press release
Craniomaxillofacial Devices Market to depict a notable upsurge| Key Players: Stryker Corporation, Medtronic, Zimmer- Biomet, Aesculap Implant Systems
Craniomaxillofacial Devices Market
Rise in the prevalence of congenital facial deformities in newborn children will be one of the major factors responsible for the growth of craniomaxillofacial devices market in the near future. Congenital anomalies are one of the major causes of infant mortality and childhood morbidity that affects around 2-3% of all the babies and 1% of all the babies have syndromes or multiple anomalies, craniofacial anomalies being the common ones. Hence, increasing number of cases with congenital facial anomalies will drive the demand and market growth of craniomaxillofacial devices in the near future.
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Consisting of the most advanced healthcare services and related technologies, the Europe and North America regions have experienced remarkable consumption of CMF devices in recent times. Eventually, the rising geriatric population in Asia-Pacific will contribute increasingly towards the propagation of the craniomaxillofacial devices industry, as older people are more vulnerable to serious injuries. Presently, the U.S. represents a prominent target market for CMF devices, with easy access to modern health facilities and equipment, as well as occurrence of large number of accidents or sports injuries every year. Reportedly, it is estimated that the U.S. craniomaxillofacial devices market will register a steady 5.8% CAGR from 2018 to 2024.
Regional overview of the North America craniomaxillofacial devices market with regards to growth prospects in U.S.
Generally, sports injuries in the U.S. are quite a common occurrence owing to the vast number of sporting events taking place in the country on a regular basis, ranging from football, baseball and hockey to gymnastics. Statistics show that over 5 million teeth every year are avulsed in U.S., with a considerable amount of them attributed to sports activities. The Journal of the American Dental Association had reported that of all the sports-associated dental injuries, 2% to 18% are related to the maxillofacial, which could lead to major expenditures to repair the damage. Since diverse age groups are involved in physical sports activities all over the country, the craniomaxillofacial devices industry is expected to garner increasing revenues from sports-related injuries.
Enumerating advancements in healthcare technology that will drive the craniomaxillofacial devices industry expansion
Bioabsorbable materials have been used in medical procedures for some time now, as they lower the risk of infection, eliminate the need for removal procedures and gradually transfer load to healing parts of the body. The craniomaxillofacial devices market has become a promising application area for innovative bioabsorbable materials for countering problems associated with complications of permanent metal and polymer implants. Companies are designing alloys for CMF devices using elements found naturally in the body, for instance nanoMAG’s BioMg® which uses magnesium alloy consisting of zinc and calcium to ensure the implant dissolves through natural degradation.
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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Chapter 1. Methodology
1.1. Methodology
1.2. Market definition
1.3. Forecast parameters
1.4. Data sources
Chapter 2. Executive Summary
2.1. Craniomaxillofacial devices industry 3600 synopsis, 2013 - 2024
Business trends
Product trends
Location trends
Material trends
Application trends
Regional trends
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Chapter 3. Craniomaxillofacial Devices Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
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
Data Tables
1 Craniomaxillofacial devices industry 3600 synopsis, 2013 – 2024
2 Global craniomaxillofacial devices market, 2013 – 201 (USD Million)
3 Global craniomaxillofacial devices market, 2018 – 2024 (USD Million)
4 Global craniomaxillofacial devices market, by product, 2013 - 2017 (USD Million)
5 Global craniomaxillofacial devices market, by product, 2017 - 2024 (USD Million)
6 Global craniomaxillofacial devices market, by location, 2013 - 2017 (USD Million)
7 Global craniomaxillofacial devices market, by location, 2017 - 2024 (USD Million)
8 Global craniomaxillofacial devices market, by material, 2013 - 2017 (USD Million)
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