Global cranio maxillofacial fixation devices market to witness significant growth during the assessment period
Absolute $ opportunity is usually overlooked when analysts forecast a market but it is critical in assessing the level of opportunity that an enterprise can look to achieve, as well as to identify potential resources from both a sales and delivery perspective. The global market for cranio maxillofacial fixation devices market represents absolute $ opportunity of more than US$ 110 Mn in 2018 over 2017 and incremental opportunity of more than US$ 1,200 Mn between 2017 and 2025. Persistence Market Research forecasts that the global cranio maxillofacial fixation devices market is expected to reach more than US$ 1500 Mn in 2017, expanding at a CAGR of 7.5% between 2017 and 2025.
Increasing incidence of accidents across the globe is one of the most significant reasons behind revenue growth of the global cranio maxillofacial fixation devices market
Rapid modernization, use of fast moving vehicles and increasing cases of ‘drink and drive’ are responsible for the increasing cases of accidents all over the world. In India alone, the number of deaths due to road accidents in the first 264 days of 2016 were more than 3000. These incidences are responsible for the rising patient pool in emergency departments of the hospitals. Most of these accidents are severe that need cranial or facial repair. Apart from accidents, war victims are another group that requires orthopedic prosthetics. These increasing incidents are contributing in the robust growth of the global cranio maxillofacial fixation devices market.
Rise of healthcare integrated services is expected to boom the global cranio maxillofacial fixation devices market. In integrated services a provider is responsible for not only the medical technologies, treatments and supplies but also for delivering them to patients. For instance, in March 2017, the Mexican government funded US$ 5 Mn towards the construction of the island’s Marigot Hospital. Such healthcare initiatives are expected to create a robust market for quality healthcare service delivery.
Increasing efforts and funding to raise awareness of cleft and craniofacial disorders is expected to fuel the global cranio maxillofacial fixation devices market. Patients undergo what is often a series of plastic and reconstructive surgeries every year to treat congenital deformities or acquired craniofacial anomalies due to trauma, burns, illnesses or accidents. However, in order to raise awareness of cleft and craniofacial disorders, the various organizations in the world are taking efforts to organize camps and other gatherings. For instance, the American Society of Plastic Surgeons/The Plastic Surgery Foundation, the American Society of Maxillofacial Surgeons
(ASMS) and the American Society for Craniofacial Surgery (ASCFS) joined forces in July to support National Cleft and Craniofacial Awareness and Prevention month.
Plate and screw fixation is the most attractive product type segment, with attractiveness index of 2.6 over the forecast period
The plate and screw fixation market dominated global cranio maxillofacial fixation devices market in terms of revenue in 2016, and the trend is projected to grow throughout the forecast period. Plate and screw fixation is the most attractive segment, estimated to record a market attractiveness index of 2.6 over the forecast period. Revenue from the thoracic fixation segment is anticipated to increase at a CAGR of 5.7% over 2017-2025, to reach US$ 85.9 Mn.
Persistence Market Research in its new publication, “Cranio Maxillofacial Fixation Devices Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025),” has given importance to the provision of after sales services, which is the key focus area of players in the global cranio maxillofacial fixation devices market. Mergers and acquisitions, strategic collaborations and technology transfer agreements play a vital role in the global cranio maxillofacial fixation devices market. The team of analysts who have extensively studied this market have understood the need to efficiently meet the requirements of various end users in different facility centers, while ensuring customized services. The team of experts have come to a conclusion that quality and positive outcome are of utmost importance to end use industries. Further, it has been noticed that acquisitions and collaborations are the key strategies adopted by global and local players for better service provision and to increase their consumer base in different geographies.
Report structure that incorporates in-depth analysis, key recommendations and overall market viewpoint
The key part of this report is Persistence Market Research’s analysis and recommendations on the global cranio maxillofacial fixation devices market. The report takes an overview of the global cranio maxillofacial fixation devices market and also underlines factors influencing the growth of the global cranio maxillofacial fixation devices market. The analysts have also provided key strategic recommendations for both existing and new players in the market to emerge sustainably profitable. The report covers the competitive landscape that provides a dashboard view of companies that manufacture and provide services in the global cranio maxillofacial fixation devices market. The report contains company profiles of some of the key players and a strategic overview of mergers and acquisitions along with companies’ expansion plans across regions. Apart from including these factors, the team of expert analysts have also taken into consideration the various macro-economic indicators such as cranio maxillofacial fixation devices market outlook, gross domestic product and other pointers to arrive at the indicated market numbers. Top-down approach has been used to counter-validate the reached numbers in the cranio maxillofacial fixation devices Market, while bottom-up approach has been used to assess market numbers in the cranio maxillofacial fixation devices Market.
Weighted average selling price is considered to estimate the market size of various drugs mentioned in the scope of the study. The country price is captured with the local currency. The local currency figures is then converted to USD to offer forecasts in a consistent currency standard. Furthermore, this market research company has also considered the latest annual exchange rate to reflect the impact of the most recent economic conditions of country. Prices considered in the models are standardized based on the average dosage used per bile duct cancer patient treatment per dosage cycle for 6 months.
Global Cranio Maxillofacial Devices Market: Segmentation
By Product Type
By Fixation Type
By End User
Our research methodology uses both primary and secondary research to collect the relevant data. Persistence Market Research analyzed the market by considering the revenue through extensive primary research to understand the usage pattern, historic trends, and problems faced by the oncologists, the required treatment developments, and most preferred drugs. Key opinion leaders were considered for the primary research that included experienced healthcare professionals in various healthcare facilities at country level. These estimates were further validated with drug manufacturers, distributors, and suppliers. Extensive secondary research has been carried out to understand the treatment rate, adoption rate, regulatory scenarios, average selling price, reimbursement scenario, by referring published scientific literature from various databases such as the WHO, PubMed, Springer, and Wiley among many others. We have also analyzed various companies annual report, investor presentation, SEC filings, 10k reports_bk_01_01_2020 and press release operating in cancer market to fetch substantial information about the market size, trends, opportunity, drivers, restraints and to analyze key players.