NEW YORK, May 22, 2017 /PRNewswire/ --
The global craniomaxillofacial (CMF) devices market is expected to reach USD 2.68 billion by 2025, according to a new report by Grand View Research, Inc.
Increasing incidences of facial fractures and demand for minimally invasive surgery for reconstruction are expected to drive the CMF devices market over the forecast period. The associated benefits with minimally invasive reconstructive surgeries such as faster recovery, minimal incision to the body, and less complications associated with the surgery are anticipated to contribute further toward the market growth.
The introduction of technologically advanced procedures such as robotic arm assisted CMF surgery and bioabsorbable implants for cranial fixation are expected to drive the demand for CMF systems. The advancement such as amplified use of virtual plating technology and development of cost effective thoracic fixation devices are attributing toward the rising demand.
The market is competitive in nature as the manufacturers are involved in new product development strategies to increase their market penetration. Also, the companies are entering into collaborations and research alliance with other market players to increase their product portfolio. Various software and virtual three-dimensional (3D) technologies are adopted by companies to gain competitive advantage. For instance, the introduction of technologically advanced 3D printing allows manufacturers to integrate materials from both facial and cranial reconstruction is expected to gain popularity in coming years.
Further Key Findings From the Study Suggest: CMF plate and screw fixation dominated the product segment of CMF devices as of 2016, owing to increasing number of CMF trauma and reconstruction procedures which are non-elective
Temporomandibular joint (TMJ) replacement product segment is expected to show lucrative growth over the forecast period
Metallic implants held the largest revenue share owing to the advantage associated with it, such as less corrosive nature and provide rigid support to the fixators
CMF devices find the largest application in neurosurgery owing to increasing CMF procedures in the oncology and neurovascular surgery treatments
Asia Pacific region is anticipated to register rapid growth in coming years owing to the presence of high unmet needs coupled with increasing patient awareness levels and improving healthcare infrastructure
Three-dimensional printing allow integration of new material for reconstruction and cranial surgery, this attracts more manufacturers for the investments in R&D for the development of advanced products
Key players operating in this market include Johnson & Johnson (DePuy Synthes), Medtronic Inc., and Zimmer-Biomet Inc. which make the entry for small organizations difficult
Read the full report: http://www.reportlinker.com/p04899230/Craniomaxillofacial-CMF-Devices-Systems-Market-Analysis-By-Product-Cranial-Flap-Fixation-CMF-Distraction-TMJ-Replacement-Thoracic-Fixation-Bone-Graft-Substitute-By-Material-By-Application-And-Segment-Forecasts.html
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