Market Size of Global Craniomaxillofacial Fixation Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.80 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Craniomaxillofacial Fixation Devices Market Analysis
The craniomaxillofacial fixation devices are expected to record a CAGR of 5.8% over the forecast period (2022-2027).
The COVID-19 outbreak significantly impacted the healthcare sector. As per the article published in 2020 under the title 'The Impact of COVID-19 on the Treatment of Craniomaxillofacial Trauma and Head and Neck Infections', the American Society of Plastic Surgeons (ASPS) advised that all plastic surgeons stop providing any elective or nonessential services by the new Centers for Medicare and Medicaid Services (CMS) recommendation that all elective surgeries, and nonessential medical, surgical, and dental procedures be delayed during the COVID-19 outbreak. Hence as per the factors mentioned above, COVID-19 had a significant impact on the craniomaxillofacial fixation devices market.
Increasing demand for minimally invasive surgeries is expected to drive the CMF devices market during the forecast period. Rising incidences of road accidents due to urbanization and industrialization and rising demand for effective reconstructive surgeries are expected to enable immense growth of the CMF devices market. For instance, as per the article published in 2022 under the title " Prevalence and pattern of mandibular fractures: A retrospective study in India", Mandibular fractures have multiple etiologies, including assault, sports injuries, and auto accidents. For men, assaults account for over 50% of mandibular fractures, but for women, falls and car accidents account for the majority of cases. Hence the increased number of mandibular fractures is likely to increase the adoption of craniomaxillofacial fixation devices and boost market growth.
The increasing prevalence of facial fractures and raising research and development in craniomaxillofacial fractures, and mergers and acquisitions are expected to result a growth of the studied market. For instance, in April 2021, Striker acquired TMJ Concepts, the company which offers patient-fitted prostheses for the reconstruction of the temporomandibular joint fabricated for the unique anatomy. The acquisitions are anticipated to increase the reconstruction portfolio of Stryker to a greater extent.
As per the aforementioned factors, the craniomaxillofacial fixation devices market is likely to grow over the forecast period. However, improper reimbursement policies restrain the market growth.
Craniomaxillofacial Fixation Devices Industry Segmentation
As per the scope of the report craniomaxillofacial is a special branch of orthopedic surgery that focuses on all the aspects of skull and facial disorder. The surgery is usually performed for the treatment of severe injury to the cranial and facial bones. The Craniomaxillofacial Fixation Devices Market is segmented by Techniques (Cranial Flap Fixation, CMF Distraction, Temporomandibular Joint Replacement, MF Plate and Screw Fixation, Others) Material (Metal, Biomaterials, Ceramic), Application (Neurosurgery & ENT, Orthognathic and Dental Surgery, Plastic Surgery, Others) and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
By Techniques | |
Cranial Flap Fixation | |
CMF Distraction | |
Temporomandibular Joint Replacement | |
MF Plate and Screw Fixation | |
Others |
By Material | |
Metal | |
Biomatterials | |
Ceramic |
By Application | |
Neurosurgery & ENT | |
Orthognathic and Dental Surgery | |
Plastic Surgery | |
Others |
Geography | ||||||||
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Global Craniomaxillofacial Fixation Devices Market Size Summary
The craniomaxillofacial fixation devices market is poised for significant growth, driven by the increasing demand for minimally invasive surgeries and the rising incidence of facial fractures. The market's expansion is further supported by advancements in technology and the growing prevalence of neurological diseases, which are augmenting the number of neurosurgeries globally. The market is characterized by the presence of major international players such as Stryker Corporation and Zimmer Biomet, who are actively investing in research and development to enhance their product offerings. The acquisition of companies like TMJ Concepts by Stryker is expected to broaden their reconstruction portfolio, thereby contributing to market growth. Despite the positive outlook, challenges such as improper reimbursement policies may hinder market progress.
North America, particularly the United States, holds a dominant position in the craniomaxillofacial fixation devices market, attributed to its advanced healthcare system and the presence of key industry players. The region benefits from a high number of surgeries and technological advancements, which bolster market growth. The market is moderately competitive, with international companies leading the charge, although the entry of small to mid-sized firms is anticipated due to technological innovations. Initiatives like the ICMR-DHR-Centre of Excellence in India aim to boost medical device production, further driving market expansion. Overall, the market is expected to experience robust growth over the forecast period, with North America continuing to be a significant contributor.
Global Craniomaxillofacial Fixation Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing Number of Sports and Facial Fractures
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1.2.2 Increasing Demand for Minimally Invasive Surgeries
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1.2.3 Technological Advancement in the Craniomaxillofacial Device
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1.3 Market Restraints
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1.3.1 Improper Reimbursement Policies
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD Million)
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2.1 By Techniques
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2.1.1 Cranial Flap Fixation
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2.1.2 CMF Distraction
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2.1.3 Temporomandibular Joint Replacement
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2.1.4 MF Plate and Screw Fixation
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2.1.5 Others
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2.2 By Material
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2.2.1 Metal
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2.2.2 Biomatterials
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2.2.3 Ceramic
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2.3 By Application
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2.3.1 Neurosurgery & ENT
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2.3.2 Orthognathic and Dental Surgery
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2.3.3 Plastic Surgery
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2.3.4 Others
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle-East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle-East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Global Craniomaxillofacial Fixation Devices Market Size FAQs
What is the current Global Craniomaxillofacial Fixation Devices Market size?
The Global Craniomaxillofacial Fixation Devices Market is projected to register a CAGR of 5.80% during the forecast period (2024-2029)
Who are the key players in Global Craniomaxillofacial Fixation Devices Market?
Stryker Corporation, Zimmer Biomet, Johnson and Johnson, Medtronic and Acumed LLC are the major companies operating in the Global Craniomaxillofacial Fixation Devices Market.