NEW YORK, May 22, 2017 /PRNewswire/ --
Highlights
- 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.
- 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.
- CMF devices find the largest application in neurosurgery owing
to increasing CMF procedures in the oncology and neurovascular
surgery treatments
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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