Craniomaxillofacial Devices Market Size and Share, 2016 to 2024

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Craniomaxillofacial Devices Market Size, Share, Growth,
Industry Analysis and Forecast to 2024 | Hexa Research
The craniomaxillofacial (CMF) devices market is estimated to grow at a CAGR over 6% during
the forecast period (2016-2024). Demand for minimal invasive procedures which can heal
rapidly is the primary driving factor of the market. Awareness of these surgeries by ASCFS and
ISCFS will facilitate in market growth. Bigger healthcare budget, use of 3D implants in
reconstructive surgery, and growing geriatric populace are other aspects favoring the market.
The global market is segmented according to products, materials, applications, and regions.
Products include cranial flap fixation, MF (maxillofacial) plate and screw-fixation, bone graft
substitutes, and CMF distraction. Plate and screw fixation earned over 70% market revenue
shares in 2014 due to their varied use in surgeries.
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Materials used are metal, bioabsorable, and alloys. Titanium alloys are used to produce cranial
plates due to their low weight & non-corrosive property. Polymers such as PMMA (poly methyl
methacrylate) and Medpor are used due to their biocompatible nature. Biomaterials such as
PDLLA and PPEK are used in bioabsorbable devices.
Neurosurgery & ENT, orthognathic & dental, plastic surgery, and others constitute as market
applications. Increasing cases of spinal disorders will bring in revenues from the neurosurgery &
ENT segment. Plastic surgery will see growth in the years ahead from developed countries of
Canada and U.S.
Regions covered under the market are Latin America, North America, Europe, Asia Pacific, and
Middle East & Africa. North America accounted for over 58% market revenue in 2014. Other
factors supporting market growth in the region are technological developments, healthcare
infrastructure, and high patient awareness.
Europe is in need of technology which can cater to plate and screw fixation, thoracic fixation,
CMF bone graft substitutes, and temperomandibular joint (TMJ) replacement. This is expected
to net revenues over USD 227 million in 2013. Asia Pacific will exhibit growth due to economic
development and improving healthcare infrastructure.
Well-known players of the craniomaxillofacial devices market are Aesculap; Johnson & Johnson
(DePuy Synthes); Boston Medical Products Inc.; and Medartis AG. Research and development of
products are one of the strategies followed by players. For instance, Aesculap introduced Pro
space, a osteoconductive interbody fusion method in 2015.
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The global craniomaxillofacial devices market value is expected to exceed USD 1.71 billion by 2024 growing at an estimated CAGR of over 6.7% from 2016 to 2024