U.S. Craniomaxillofacial Devices Market Worth $1.62 Billion By 2025: Grand View Research, Inc.

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“Grand View Research, Inc. – Market Research And Consulting”
According to report published by Grand View Research, Increasing demand for cranial and facial surgeries is poised to drive the U.S. Craniomaxillofacial System Market over the forecast period.Increasing incidence of sports injuries and road accidents due to industrialization and urbanization has also been providing an upthrust to the U.S. craniomaxillofacial devices market.

According to a new report, “U.S. Craniomaxillofacial (CMF) Devices/System Market Analysis Report By Material (Bioabsorbable, Metal), By Application, By Product (MF Plate, Temporomandibular Joint Replacement), And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc., 
The U.S. craniomaxillofacial (CMF) devices/systems market size is poised to reach USD 1.62 billion by 2025, rising at a CAGR of 6.9% during the forecast period. Increasing demand for cranial and facial surgeries is poised to drive the market over the forecast period.

Key Takeaways from the report:

  • Surging demand for minimally invasive surgeries is projected to boost the demand for craniomaxillofacial devices in the U.S. during the forecast period

  • Temporomandibular joint replacement is anticipated to post the highest CAGR over the forecast period, owing to increasing incidence of trauma related to sports injuries and cranial fractures

  • Metallic CMF implants accounted for the largest revenue share in 2017, owing to increasing use of metal 3D implants manufacturing

  • Bioabsorbable material is estimated to register a lucrative CAGR of 7.3% during the same period due to ease with which they assimilate in human body. The other advantages include ability to transfer gradual load to healing tissues and radiolucency

  • Plastic surgeries are expected to show steady growth during the same period, due to burgeoning popularity of the facial augmentation procedure and growing awareness regarding use of CMF devices. According to the American Society of Plastic Surgeons (ASPS), USD 16.0 billion were spent on cosmetic surgeries in 2016

  • Favorable government policies supporting orthognathic surgeries are also likely to stoke the growth of the market

  • Key companies operating in the U.S. craniomaxillofacial devices market are Stryker Corporation; Medtronic Plc; Zimmer-Biomet Inc.; and Medartis AG.

U.S. craniomaxillofacial devices market size, by material, 2014 - 2025 (USD Million)

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Intraoperative Imaging Market: Rising demand for minimally invasive surgeries is a major factor projected to propel growth during the forecast period. The popularity of minimally invasive surgery is rising because it is does not require major incisions, which results in reduced scarring, less pain, shorter hospital stay, and faster recovery. Various advanced intraoperative imaging devices such as Mobile C-arms, Computed Tomography (CT), Intraoperative Magnetic Resonance Imaging (iMRI), and ultrasound devices are widely used for minimally invasive surgeries.

Smart Medical Devices Market: The increasing adoption of smartphones is observed as a major factor driving market growth. In addition, the technological advancement and the rising awareness and focus on fitness is driving the market. The increasing demand for wireless and smartphone compatible devices which is enhancing the diagnosis and makes accurate detection is making it convenient for patients to monitor their health anywhere and save the result on the connected device, is additionally driving the market.

U.S. craniomaxillofacial devices market share, by application, 2017 (%)

 

Increasing incidence of sports injuries and road accidents due to industrialization and urbanization has also been providing an upthrust to the U.S. craniomaxillofacial devices market. According to the Wimbledon Clinics Report in 2015, kickboxing caused 2.5 facial injuries per hour and the rate was higher than other combat sports.

Grand View Research has segmented the U.S. craniomaxillofacial devices market on the basis of product, material, and application:

U.S. Craniomaxillofacial Devices Product Outlook (Revenue, USD Million, 2014 – 2025)

  • Cranial Flap Fixation

  • CMF Distraction

  • Temporomandibular joint replacement

  • Thoracic fixation

  • Bone Graft Substitute

  • MF plate and screw fixation

U.S. Craniomaxillofacial Devices Material Outlook (Revenue, USD Million, 2014 – 2025)

  • Metal

  • Bioabsorbable material

  • Ceramics

U.S. Craniomaxillofacial Devices Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Neurosurgery

  • Orthognathic and Dental Surgery

  • Plastic surgery

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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