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. The increasing prevalence of facial fractures is expected to result mainly from combat sports. Moreover, the growing geriatric population and rising healthcare expenditures are other factors presumed to drive the demand for CMF surgeries over the forecast period.
Lack of reimbursement policies for many of the craniomaxillofacial fixation devices is a major restraining factor for the market. Also, frequent product recalls have been observed to hamper the overall growth of the market. Recall of products has an adverse effect on a manufacturer’s business and reputation.
Key Market Trends
Neurosurgery is Expected to Witness a Healthy CAGR Over the Forecast Period
It has been observed that the neurosurgery segment of the application is believed to register healthy growth in the future which is majorly attributed to the well-established product offerings from the key players who operate internationally. Along with that, the growing neurological diseases and its burden is augmenting the number of neurosurgeries across the globe. In developing countries such as India, the number of neurosurgeons is increasing due to the demand for this specialty. Also, companies such as Stryker Corporation, Zimmer Biomet, etc. are focusing on coming up with the products that fulfill the demand for novel approaches to the craniomaxillofacial fixation surgeries in neurological disorders.
Therefore, owing to the above-mentioned factors, the segment is believed to show considerable growth over the forecast period.
However, it has been found that the number of neurosurgeons in the United States is decreasing and the country is facing a challenge of a shortage of neurosurgeons.
United States Dominates the Market
The United States currently holds the largest share of the market studied and is expected to follow the same trend over the forecast period. Growth is primarily attributed to the rising geriatric population along with the presence of all international players in the country. Being one of the most developed healthcare systems, most of the major companies across the globe have a focus on the United States as this country is beneficial for companies to gain market share. Also, the number of surgeries performed in the United States is higher and is increasing each year which is having a positive impact on the market studied.
Competitive Landscape
The market for craniomaxillofacial fixation devices is moderately competitive with most of the international players dominating the market. Companies such as Stryker Corporation, Zimmer Biomet, Johnson & Johnson, etc. are some of the attractive players of this market. It is observed that with the technological advancements in the devices, few small to mid-sized companies will enter the market in the future and hold a substantial share.
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This product will be delivered within 2 business days.
Lack of reimbursement policies for many of the craniomaxillofacial fixation devices is a major restraining factor for the market. Also, frequent product recalls have been observed to hamper the overall growth of the market. Recall of products has an adverse effect on a manufacturer’s business and reputation.
Key Market Trends
Neurosurgery is Expected to Witness a Healthy CAGR Over the Forecast Period
It has been observed that the neurosurgery segment of the application is believed to register healthy growth in the future which is majorly attributed to the well-established product offerings from the key players who operate internationally. Along with that, the growing neurological diseases and its burden is augmenting the number of neurosurgeries across the globe. In developing countries such as India, the number of neurosurgeons is increasing due to the demand for this specialty. Also, companies such as Stryker Corporation, Zimmer Biomet, etc. are focusing on coming up with the products that fulfill the demand for novel approaches to the craniomaxillofacial fixation surgeries in neurological disorders.
Therefore, owing to the above-mentioned factors, the segment is believed to show considerable growth over the forecast period.
However, it has been found that the number of neurosurgeons in the United States is decreasing and the country is facing a challenge of a shortage of neurosurgeons.
United States Dominates the Market
The United States currently holds the largest share of the market studied and is expected to follow the same trend over the forecast period. Growth is primarily attributed to the rising geriatric population along with the presence of all international players in the country. Being one of the most developed healthcare systems, most of the major companies across the globe have a focus on the United States as this country is beneficial for companies to gain market share. Also, the number of surgeries performed in the United States is higher and is increasing each year which is having a positive impact on the market studied.
Competitive Landscape
The market for craniomaxillofacial fixation devices is moderately competitive with most of the international players dominating the market. Companies such as Stryker Corporation, Zimmer Biomet, Johnson & Johnson, etc. are some of the attractive players of this market. It is observed that with the technological advancements in the devices, few small to mid-sized companies will enter the market in the future and hold a substantial share.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format.
- Report customization as per the client's requirements.
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This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- TMJ Concepts
- Johnson & Johnson
- Medartis AG
- Stryker Corporation
- OsteoMed
- Zimmer Biomet Inc.
- KLS Martin
- Medtronic Plc
- Integra Lifesciences Corporation
- Aesculap Implant System LLp
Methodology
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