Global market of craniomaxillofacial devices is anticipated to witness lucrative growth over the forecast period. Craniomaxillofacial devices market caters to demand for specialized instruments and procedures related to facial orthopedics. Key drivers of the market include rising incidences of facial fractures, increasing awareness level of individuals, growth in cosmetic surgeries and others. Increasing cosmetic surgeries are a result of growing demand for aesthetic appeal. Technological advancement in these devices is further expected to fuel the market escalation. The craniomaxillofacial plate and screw fixation segment of the market held the largest share and is anticipated to retain the dominance. Key driver for this growth is technological advancement such as utilization of bioabsorbable and biodegradable plates providing huge advantages. Advantages include faster healing, reduced procedure time, and minimal visibility and scarring.
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The craniomaxillofacial device market is dominated by North America and the pre-eminence is expected to continue during the forecast period. Presence of sophisticated and latest technology, rising spending by individuals on aesthetic appeal are vital drivers for the growth in the region. European market is expected to retain its share owning to rising popularity of the procedures and increasing incidences of injuries in elderly people. India along with China is expected to witness the fastest growth during the forecast period. The propellers of the growth are entry of various manufacturers in the region, rise in volume of CMF surgeries and rising investment by FDI’s and government agencies.
Implementation of cost containment policy and criteria by the regulatory bodies along with healthcare providers due to slow economic development is a major global constraint of the market. Key players of craniomaxillofacial device market are DePuy Synthes, Johnson & Johnson, KLS Martin L.P., Boston Medical Products Inc., Gore Medical, Kanghui Medical Innovation Co. Ltd., Medartis AG, Medtronic Inc., Aesculap, Stryker Corp., OsteoMed, TMJ Concepts, Integra LifeSciences and Zimme-Biomet Inc.
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