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Craniomaxillofacial Devices Market Size, Share, Trends, COVID-19 Impact and Growth Strategies, Segmentation 2021-2028

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Swapnil GVR
Craniomaxillofacial Devices Market Size, Share, Trends, COVID-19 Impact and Growth Strategies, Segmentation 2021-2028

The global craniomaxillofacial devices market size was valued at USD 1.6 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 9.0% over the forecast period. High preference for minimally invasive surgeries owing to the availability of technologically advanced products is one of the key factors expected to support market growth. 

The CMF plate and screw fixation segment held the largest market share of over 73% in 2020. The segment will retain its dominant position due to the wide usage of these products in various surgical procedures, such as deformity correction, orthognathic surgery, tumor removal, and pediatric surgeries. Bone Graft Substitute (BGS), on the other hand, is projected to be the fastest-growing product segment during the forecast period. Bone graft substitutes are used in the reconstruction of bone defects and in the case of spine fusion.

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The orthognathic & dental surgery segment held the largest revenue share of over 54% in 2020 owing to wide product usage to correct a variety of minor and major skeletal and dental deformities. Neurosurgery & ENT is estimated to be the fastest-growing segment owing to the increasing incidence of trauma and spinal disorders requiring Cerebrospinal Fluid (CSF) management during surgery. Surgeons perform craniotomies to gain greater access to the brain during neurosurgery. Craniotomies are done to treat trauma, infection in the brain, skull fractures, aneurysm, epilepsy, and Parkinson’s disease. Moreover, the adoption of deep brain stimulation procedures is one of the key contributing factors for this segment's growth.

Key Player Mentioned:

  • DePuy Synthes (J&J)
  • Stryker Corp.
  • Medtronic plc
  • Zimmer Biomet

Product Segment Analysis:

 

  • Cranial Flap Fixation
  • CMF Distraction
  • Temporomandibular Joint Replacement
  • Thoracic Fixation
  • Bone Graft Substitute
  • CMF Plate & Screw Fixation

 

Application Segment Analysis:

  • Neurosurgery & ENT
  • Orthognathic & Dental Surgery
  • Plastic Surgery

 

Access Press Release @ https://www.grandviewresearch.com/press-release/global-cmf-devices-market

Regional Segment Analysis:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

 

North America led the global market in 2020 accounting for the largest revenue share of over 78% owing to the availability of technologically advanced implants and increased volume of CMF procedures. The region will expand further at a significant CAGR from 2021 to 2028 due to the factors, such as growing awareness about deformity correction surgeries and the presence of established healthcare facilities.

COVID-19 Impact:

The outbreak of the COVID-19 pandemic has significantly increased the demand for antiviral medicines globally. The treatment of novel coronavirus has increased the demand for broad-spectrum Glucose to manage the disease. Remdesivir, favipiravir, oseltamivir, and other combination medicines are highly prescribed for the treatment of COVID-19. Moreover, governments are increasing funding to pharmaceutical companies to develop novel therapeutics against COVID-19. For instance, in June 2021, the U.S. government has announced an investment of more than USD 3 billion to fasten the discovery, development, and manufacturing of antiviral medicines for COVID-19 treatment. The rising incidence of disease coupled with increasing R&D will increase the demand for Glucose in the next 2 to 3 years.

KEY aspects covered in the report include:

  • The market size and industry growth rate of the global and regional market across various segments
  • The region or the sub-segment that is expected to drive the Craniomaxillofacial Devices market in the forecast period 2021-2028
  • Key companies operating in the global Craniomaxillofacial Devices market and their market share
  • The Factors that are estimated to drive the Craniomaxillofacial Devices Market growth
  • Key opportunities in the Craniomaxillofacial Devices market
  • Key technological advancements and market trends that shape the market

Good Reasons to Buy a Global Craniomaxillofacial Devices Market Report:

  • Offers detailed market breakdown and data triangulation that will help guide the market trends.
  • The methodology used in the report gives the absolute authentic data that helps advising whether the market has an opportunity in the upcoming years.
  • Provides a detail analysis about the Covid-19 impact on the market and how it will help boost the market in the near future.
  • Give’s a thorough analyst’s viewpoint which guides the client through market collaterals for the better opportunities in the market.
  • Pinpoints the most valued region and how the market can be expanded in the industry to generate more revenue with all the important government guidelines and environmental policies.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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