Increasing incidence of facial surgeries and fractures, high adoption of CFM devices due to faster recovery rate and low complications after surgery are factors expected to drive revenue growth.
Increasing incidence of facial surgeries and fractures, high adoption of CFM devices due to faster recovery rate and low complications after surgery are factors expected to drive revenue growth
Emergen Research has published its latest report titled, “Craniomaxillofacial Devices Market Analysis, By Product (Cranial Flap Fixation Device, CMF Distraction Device), By Material (Metal Based Implants, Bioabsorbable Material), By Application, By End Use, and By Region Forecasts to 2027”
According to Emergen Research, the global craniomaxillofacial devices market size was USD 2.50 billion in 2019 and is expected to reach USD 3.92 billion in 2027 and register a revenue CAGR of 5.8% during the forecast period, 2020-2027.
Market Dynamics:
Craniomaxillofacial (CMF) devices are widely used in various surgical procedures for correction of congenital and acquired conditions of face and head. cranial flap fixtures, bone graft substitute devices, thoracic fixtures, mid-face implant systems, screws, and bolts are some of the commonly used craniomaxillofacial devices for severe cranial and facial bone injuries. One of the key factors driving global market growth is rising incidence of facial injuries caused due to accidents, assaults, falls from height, sports-related injuries, and congenital facial deformities.
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Revenue growth of the global market is attributed to factors such as high usage of craniomaxillofacial devices and implants in skeletal and dental surgeries, rapid advancements in CMF devices, and rising number of trauma reconstruction surgeries. In addition, rising demand for customized implants, high preference for resorbable fixators, and increasing investments in research and development activities are expected to fuel market revenue growth going ahead. However, factors such as high costs of craniomaxillofacial treatment and surgery, lack of awareness, and limited access to advanced treatments are expected to hamper market growth to a certain extent during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Bioabsorbable Segment to Register Rapid Revenue Growth:
The bioabsorbable segment is expected to register rapid revenue growth between 2020 and 2027. Factors such as high demand for bioabsorbable craniomaxillofacial implants in fractures and soft tissue fixation due to high reliability, cost-effectiveness, biocompatibility, and increasing use of bioabsorbable devices in neurosurgeries are expected to drive revenue growth of the segment over the forecast period.
CMF Plate and Screw Fixation Device Segment to Account for Largest Revenue Share:
The CMF plate and screw fixation device segment is expected to account for largest revenue share over the forecast period. This can be attributed to rising number of craniomaxillofacial surgeries, high usage of CMF plate and screw fixation devices in various surgical procedures, and availability of advanced CMF plates and screws in many medium to large hospitals and ambulatory surgical centers.
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North America to Lead in Terms of Revenue Share:
North America is expected to dominate other regional markets in terms of revenue during the forecast period owing to increasing prevalence of birth defects such as cleft palate, rising incidence of facial fractures and injuries, increasing preference for minimally invasive surgeries, and presence of well-developed healthcare infrastructure. Other factors such as rapid advancements in CMF implants, presence of skilled healthcare professionals, and availability of advanced treatment for CMF are expected to fuel North America market growth between 2020 and 2027.
Major Companies in the Market Include:
- DePuy Synthes
- Medtronic
- Stryker
- Zimmer-Biomet
- OsteoMed
- Integra Lifesciences
- Medartis AG
- Calavera
- Matrix Surgical
- KLS Martin
For the purpose of this report, Emergen Research have segmented the global craniomaxillofacial devices market on the basis of product, application, end use, and region:
Product Outlook (Revenue, USD Million; 2017-2027)
- Cranial Flap Fixation Device
- CMF Distraction Device
- Temporomandibular Joint Replacement Device
- Thoracic Fixation Device
- Bone Graft Substitute Device
- CMF Plate and Screw Fixation Device
- CMF Drilling Systems
- Mid Face Implant Systems
- Patient-Customized Solutions
- 3D Printing Technology Device
- Bioabsorbable Osteofixation Devices
Material Outlook (Revenue, USD Million; 2017-2027)
- Metal Based Implants
- Titanium
- Other Metal Alloys
- Bioabsorbable Material
- Polylactic acid (PLA)
- Co-polymers
- Self-reinforcing (SR)
- Ceramic Based Implants
- Polymers/Biomaterials
Application Outlook (Revenue, USD Million; 2017–2027)
- Neurosurgery
- Orthognathic and Dental Surgery
- Distraction Osteogenesis
- Others
- Plastic Surgery
- ENT
- Others
End Use Outlook (Revenue, USD Million; 2017-2027)
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Others
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Regional Outlook (Revenue, USD Million; 2017–2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
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