Market Trends of Global Cranial and Facial Implants Industry
This section covers the major market trends shaping the Cranial & Facial Implants Market according to our research experts:
Porous Polyethylene Implants Segment is Expected to Hold a Major Market Share in the Cranial and Facial Implants Market
Porous Polyethylene Implants are ideal for craniofacial reconstruction and augmentation due to their porous nature, excellent soft-tissue growth, and coverage.
According to World Health Organization (WHO) in 2021, estimated that road traffic accidents cause up to 50 million injuries globally and road traffic injuries are the 8th leading cause of death for people of all age groups.
Porous polyethylene implants segment holds a significant market share in the cranial and facial implants market and is anticipated to show a similar trend over the forecast period due to lower material cost and the ability to suture the extraocular muscles directly to it without the use of covering material such as fascia or sclera.
Rising incidence of accidents and rising prevalence of acquired or congenital deformities of the face are the key driving factors in the porous polyethylene implants segment. The article titled" Introduction to Birth Defects of the Face, Bones, Joints, and Muscles" published in May 2020 mentioned that deformities of the skull were present in about 2% of births. Such prevalence of congenital deformities is expected to drive the growth of the studied segment.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to hold a major market share in the global cranial and facial implant market due to the rising incidence of accidents and brain injuries and the rising prevalence of acquired or congenital deformities of the face in this region. The Plastic Surgery Statistics Report 2020 published by the American Society of Plastic Surgeons shows that 2.3 million cosmetic surgical procedures, 13.2 million cosmetic minimally-invasive procedures, and 6.8 million reconstructive procedures were performed in the United States in 2020. According to the Centers for Disease Control and Prevention (CDC), updated in 2021, about 35.0 million people in the United States were treated in an emergency department for injuries. Furthermore, technological advancements in plastic surgery procedures and growing healthcare expenditure levels are fueling the growth of the overall regional market to a large extent.
According to the National center for science and engineering statistics, the United States spent 23.5 billion USD on research and development in FY 2020. Also, the Center for Disease Control and Prevention 2020 published that annual health care costs nearly 3.8 trillion USD in the United States. Thus the above-mentioned factors are expected to drive the growth of the market during the forecast period.
