Cranio maxillofacial implants are used for cranio maxillofacial surgery for rectifying a severe injury to the cranial or facial bones. The surgery usually deals with remedying internal injuries with fixtures such as plates, screws, flap fixation devices, bone graft substitutes, and other such aides that may be required in treating facial fractures. A cranio maxillofacial surgery is performed by an oral or a maxillofacial surgeon or an orthopedic trauma specialist who may deal with such cases. These implants not only rectify fractures, but also correct any deformities and disfiguring that may be a result of an accident.
Cranio maxillofacial implants have been specially designed to be used for the face and skull injuries. Today, advancement of cranio maxillofacial surgeries is not only done for cosmetic reasons, but also to save lives in many cases as it allows normal breathing. Some of the leading causes of rise in the need for cranio maxillofacial implants are road accidents which evidently cause trauma fractures. A few more reasons for expansion of global cranio maxillofacial market are accidental slips and falls, industrial accidents, and exposure to violence. A single cranio fracture may require one or more fixtures.
Market Segmentation of Global Cranio Maxillofacial Implants Market
The global cranio maxillofacial market has been divided into smaller segments for the purpose of detailed understanding. This market has been segmented on the basis of location, composition, nature, product type, and geography. The location segment has been determined on the basis of use of the cranio maxillofacial implant which is as an internal fixator or an external fixator. Depending on the composition of the cranio maxillofacial implants the market is inclusive of calcium ceramics, metals and alloys, polymers, and biological materials. In terms of nature, the segments of the cranio maxillofacial implants market include non-resorabable fixators and bioabsorbable fixators. The product-wise segments of this market are plate and screw fixation systems, bone graft substitutes, flap fixation devices, distraction systems, and Temporomandibular joint (TMJ) replacement devices. Geographically speaking, the market has been divided as per regions such as North America, Europe, Asia, and Rest of the World.
Growth Drivers and Challenges for Global Cranio Maxillofacial Implants Market
The global cranio maxillofacial implants market has been valued at US$1,044.7 million in 2014, and is expected to reach USD 1,498.6 million in 2020, growing at a CAGR of 6.2% from 2014 to 2020. The global cranio maxillofacial implants market is witnessing a significant growth due to increasing incidences of fractures and accidents. The other factors contributing to the expansion of this market are technological advancements in new procedures, innovative methods to treat patients, and their consequent positive clinical outcome. As more and more patients are seeking cranio maxillofacial implant surgeries for cosmetic and function reason, it is further adding to the growth of this market on a global scale. Additionally, increased spending on healthcare and no substitutes for these implants is also driving the global cranio maxillofacial implants market.
However, these strong key growth drivers are being tugged from the opposite end by a few obstacles such as expensive rates of maxillofacial surgeries and poor awareness of its need. These restraints are further doubled by improper health insurance schemes in developing countries and poor reimbursement policies.
According to analysts, Asia is the fastest growing cranio maxillofacial implants market with increased development seen in countries such as Japan, China, and other South East Asian countries. Some of the major players in the global cranio maxillofacial market such as Johnson & Johnson Services, Inc., Zimmer Holding, Stryker Corporation, Inc., B. Braun Melsungen AG, CONMED and Medtronic, Inc are making efforts to tap into the opportunities this market offers to gain higher profits.
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