Facial fractures and their occurrences in every part of the world have bolstered the importance of cranio maxillofacial surgeries. Reinstating the natural shape and functional of jaw needs improved, durable and effective fixation of the injured oral, cranial and facial bones. Installing cranio maxillofacial implants continues to gain prominence as a successful and widely-preferred surgical tool. The use of such implants in cranio maxillofacial surgeries is likely to gain traction, strengthening the growth of global cranio maxillofacial implants market. The global market for cranio maxillofacial implants was estimated to be valued at US$ 1,044.7 million in 2014. By registering a projected 6.2% CAGR, the global cranio maxillofacial implants market is slated to attain market value of US$ 1,498.6 million by 2020-end.
Key Market Dynamics
The growth of cranio maxillofacial implants, acutely, is incidental to the number of car accidents reported around the world. Higher occurrences of facial injuries and traumas caused to the mouth due to such accidents will continue to boost the medical use of cranio maxillofacial implants. Facial fractures, emerging techniques for oral and facial surgical procedures, and higher success rate of such surgeries is slated to promote the use of cranio maxillofacial implants throughout the forecast period. Nonetheless, the irregularity in healthcare services among the key regions shall hamper the overall expansion of the global cranio maxillofacial implants market. Active participation of developed countries & regions and their healthcare infrastructures renders the cranio maxillofacial surgeries expensive. While high costs divert patients towards alternative and affordable treatments, the variable insurance policies further complicate the adoption of cranio maxillofacial implants. Lack of insured reimbursement for such medical surgeries lowers their adoption rate in developing countries. Besides, additional treatment expenditure from double jaw surgery also restrain the growth of global cranio maxillofacial impants market.
As a product, the cranio maxillofacial implants are segmented into plate & screw fixation systems, distraction systems, Temporomandibular Joint (TMJ) replacement devices, flap fixation devices, and bone graft substitutes, among others. Nonresorbables and resorbables are the primary bifurcations upon which the global market for cranio maxillofacial implants can be segmented on the basis of nature of implant. By the composition of implant materials, the global market is classified into calcium ceramics, polymers, metals & alloys, and biological materials. On the basis of the location of cranio maxillofacial implant in the patient’s mouth, the global market is further segmented into internal fixators and external fixators.
Regionally, the global market for cranio maxillofacial implants can be segmented into North America, Asia, Europe and the Rest of the World (RoW). Among these primary regions, North America is anticipated to dominate the market, owing to considerable rise in cranio maxillofacial surgeris in the US. In 2014, North America’s cranio maxillofacial implants market was estimated to be valued at US$ 586.1 million, anticipating a CAGR of 6.2% to reach US$ 839.6 million by the end of 2020. With US being the largest cranio maxillofacial impants market, it is slated to face progressive competition from Southeast Asia, Eastern Mediterranean, and other Asia regions. Considering the surging car accidents in countries such as China and Japan, Asia will be the fastest growing region in the global cranio maxillofacial implants market.
Key Market Players
Leading manufacturers of medical equipment are likely to endorse the use of cranio maxillofacial implants and submit considerable impetus on their improved production. Since the cranio maxillofacial implants could remain in the patient’s face/mouth for the remainder of his/her life, manufacturers are improving the quality of such implants and developing their nontoxicity. Among the key players in the global market, DePuy Synthes, a subsidiary of Johnson & Johnson Company, leads the global cranio maxillofacial implants market, and accounted for nearly 50% market share in 2013. Other key participants in the global cranio maxillofacial implants market include Zimmer Holdings, Inc., Stryker Corporation, and a few more.
Persistence Market Research has compiled a report on the global market for cranio maxillofacial implants. In-depth analysis and assessment of key findings from global industry research has been comprehending towards devising the report on global cranio maxillofacial implants market. The report instigates with the rising importance for cranial surgeries in the global healthcare sector. Rising incidences of severe injuries to the facial and cranial bones continues to stimulate the significance of cranio maxillofacial surgery. Orthopedic trauma specialist, oral surgeons, maxillofacial surgeons and other highly-qualified dental medicine practitioners have been actively promoting the adoption of cranio maxillofacial implants.
The report includes a description on the key facets of cranio maxillofacial surgery, and the benefits of cranio maxillofacial implants in such treatment. Plate, screw fixation systems, bone graft substitutes, flap fixation devices, and other internal fixators, are the associated components that supplement the installation of cranio maxillofacial implants. And, car accidents, among others, is the prominent cause of cranio maxillofacial injuries and other trauma factures. Accidental slips, falls, and industrial mishaps are also included in the report as some of the preliminary causes of trauma factures that lead to the surgical use of cranio maxillofacial implants. By the account of the soaring incidence rate in the world, facial fractures caused by such accidents have urged surgeons to treat single fracture with multiple oral fixators and cranio maxillofacial implants.
The report has segmented the global cranio maxillofacial implants market into key regions in the world. North America, among which, continues to foster the expansion of global market for cranio maxillofacial implants. Advanced medical technology and growing revenues through health tourism continue to drive the cranio maxillofacial implants market in the US, deeming it the largest market in North America and in the world. Growing commercialization for medical & healthcare sector in regions such as Southeast Asia, Eastern Mediterranean, China and Japan make Asia the fastest-emerging region for the growth of global cranio maxillofacial implants market.
Detailing the factors that shape up the dynamics of global cranio maxillofacial implants market, increasing occurrences of facial injuries, emerging procedural techniques and optimistic surgical outcome are stated in the report. Additionally, the report states that rising healthcare expenditure and unavailability of effective substitutes are the underlying drivers promoting the use of cranio maxillofacial implants. The report also includes the key restraints in the global cranio maxillofacial implants market. High cost of cranio maxillofacial surgery, low awareness, double surgery implications, and insurance-deficient healthcare industries in developing regions are also curbing the adoption of cranio maxillofacial implants in the global market.
The report has segmented the cranio maxillofacial implants as a product, which includes material-based classification into metals, alloys, and bioabsorbables. Among such, titanium continues to attain the highly-preferred status as a material, while alloys of stainless steel gain prominence as an affordable cranio maxillofacial implant material. Cranio maxillofacial implants are also distinguished on the basis of orthopedic compounds such as polyglycolides and polylactides. The market is further segmented on the basis of mode of location, nature of surgery, and composition of implants.
Apart from the global market analysis, the report beholds estimation of market values for the six-year period of 2014 to 2020. The report concludes with key insights on the companies and other industrial participants in the global cranio maxillofacial implants market. Prospective profiling of such key players enables to gauge direction of the market’s growth in the forecast period.
To deduce the global cranio maxillofacial implants market size, the report considers various aspects based on secondary research. Furthermore, key data points such as region-wise split and market split by product type, vehicle type, and distribution channel; and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue contribution in the global cranio maxillofacial implants market.
The report begins with sizing the market in terms of value and volume for the base year, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, gathered data is triangulated via different analysis based on supply side and demand side drivers and other key dynamics of the global cranio maxillofacial implants market. To develop the market forecast, Persistence Market Research has also conducted a factor analysis to understand the impact of various forces/factors on the target market. The report provides forecasts not only in terms of CAGR but also presents a detailed analysis based on key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities.
Another key feature of this report is an analysis of the global cranio maxillofacial implants market and the corresponding revenue forecast in terms of absolute dollar opportunity, usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global cranio maxillofacial implants market. Further, to understand key segments in terms of their growth and overall global cranio maxillofacial implants market performance, Persistence Market Research has developed a market attractiveness index to help providers identify existing market opportunities in the global cranio maxillofacial implants market.
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