March 12, 2020 04:00 ET | Source: Global Market Insights Company Global Market Insights Company

Selbyville, Delaware, March 12, 2020 (Global News Agency)-

Global Market Insights, Inc. recently added a new report on the cranio-maxillofacial (CMF) equipment market. The report estimates that by 2026, the global market value of cranio-maxillofacial equipment will exceed $2.2 billion. The increase in the prevalence of facial injuries and fractures will be a major factor in promoting market growth.

According to a recent report from the American Academy of Plastic Surgery, in 2018, due to factors such as high-impact accidents, sports injuries, and interpersonal trauma, there were more than 2,13,000 rhinoplastic surgeries and more than 2,04,000 maxillofacial surgeries in the United States. And domestic violence, the use of cranio-maxillofacial devices will increase in the foreseeable future. In addition, the increase in the number of newborns with congenital facial deformities will drive industry demand.

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The report further explained that it is estimated that by 2026, the global compound annual growth rate of the bone graft replacement system is 5.6%. This increase can be attributed to factors including an increase in the elderly population and an increase in the demand for bone graft substitutes. In addition, due to its advantages such as the ability to fill bone defects and replace broken bones, the market demand for cranio-maxillofacial devices will increase from 2020 to 2026.

In 2019, the value of custom/patient-specific implants is approximately US$480 million. These implants are used to rebuild missing bones to provide the best function and appearance. Strong anatomical support and shorter recovery time will increase the demand for cranio-maxillofacial devices in the future.

In 2019, the market share of the internal fixation segment exceeded 70%, and it will achieve profitable growth from 2020 to 2026. The advantages of internal fixators such as short hospital stay and short recovery period will promote the demand for internal fixators. In addition, internal fixation helps reduce the incidence of improper union and fracture healing, which will increase market value.

Browse through 400 pages of key industry insights, including 862 market data tables and 12 numbers and charts, from the report "Craniomaxillofacial Devices Market Share and Forecast 2020-2026" and the catalog:

https://www.gminsights.com/industry-analysis/craniomaxillofacial-devices-market

The report predicts that due to the advantages of these materials, such as reduced bone stress shielding and sufficient initial healing stability, the bioabsorbable material segment will grow at a compound annual growth rate of 7.6% between 2020 and 2026. In addition, bioabsorbable implants help promote postoperative radiography.

The GMI report stated that the value of plastic surgery in 2019 exceeded US$300 million. The increase in the number of accidents, technological advancement and the increase in the number of plastic surgeries will promote the growth of the global craniofacial market. The development of innovative products that meet customer needs will drive market demand for cranio-maxillofacial devices.

Due to the lack of stress shielding and the need for additional surgery to remove implants, the demand for absorbable fixators is expected to grow at a compound annual growth rate of 7.3% during the forecast period. In addition, it helps in craniofacial reconstruction and fracture stabilization.

Hospital end-uses dominate the market with more than 800 million U.S. dollars in revenue in 2019, and will show huge demand in the forecast year. The rapid increase in the number of healthcare professionals worldwide, the increase in the number of hospitals, and the increase in the number of inpatients in cranio-maxillofacial surgery have all triggered the adoption of cranio-maxillofacial devices. In addition, increasing government spending on hospitals is one of the main growth drivers.

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From a regional perspective, due to the rapid growth of facial and sports fractures caused by accidents and the increasing demand for reconstructive surgery, it is estimated that by 2026, the compound annual growth rate of the craniofacial device market in Japan will exceed 4.4%.

Some well-known companies in the market share of cranio-maxillofacial devices include Stryker, KLS Martin, Medartis, Johnson & Johnson, TMJ Concepts, OsteoMed, Integra LifeSciences, Kanghui Medical Innovation and Aesculap Implant Systems. Industry participants are focusing on numerous strategies, such as new product launches and partnerships, to consolidate their market position.

Part of the report table of contents (TOC):

2.1. 360⁰ overview of the cranio-maxillofacial device industry, 2015-2026

Chapter 3 Insights into the Craniomaxillofacial Device Industry

3.3.1.1. Increasing incidence of facial injuries and fractures

3.3.1.2. The growing demand for minimally invasive reconstructive surgery

3.3.1.3. Increasing prevalence of congenital facial deformities

3.3.1.4. The latest technological advances in CMF implants

3.3.2.1. Craniomaxillofacial surgery is expensive

3.3.2.2. Lack of awareness in developing countries

3.6. Patient-specific cranio-maxillofacial implants, provided by competitors

Read the complete table of contents (ToC) @ https://www.gminsights.com/toc/detail/craniomaxillofacial-devices-market

Global Market Insights, Inc., headquartered in Delaware, is a global market research and consulting service provider. Global Market Insights, Inc. provides joint and customized research reports, growth consulting and business intelligence services to help clients obtain in-depth insights and actionable market data that help strategic decision-making.

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