Selbyville, DE -- (SBWire) -- 01/15/2019 --Growing demand for less invasive techniques for reconstruction surgeries than traditional open surgeries will be one of the major market drivers for the craniomaxillofacial devices market growth. Surgeons and patients both prefer minimally invasive procedures along with the application of newer technologies, such as a laser, to perform procedures that once required extensive surgery and recovery time. Increase in number of people opting for technologically advanced minimally invasive surgical procedures for the craniomaxillofacial injury treatment will result in augmenting the market growth.
Congenital facial deformities will be one of the major causes of infant mortality and childhood morbidity, that affects approximately 2-3% of babies globally. Such deformities occur 1 in every 1600 newborns in the U.S. and include defects in the ossification of facial or cranial bones, jaw deformities, malformed or missing teeth, and facial asymmetries. All these factors will increase the application of craniomaxillofacial devices, therefore driving the market growth.
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Craniomaxillofacial surgery involves dealing with congenital and acquired deformities of skull that is much more complicated and difficult than other surgeries such as liposuction, removing wrinkles, and earlobe re-construction. High associated cost of craniomaxillofacial devices and expensive surgical procedures will restraint the market growth.
Some of the leading players in the craniomaxillofacial devices market include Stryker Corporation, KLS Martin LP, Zimmer-Biomet, Inc. and Medtronic. These players focus on strategic decisions such as partnerships, collaborations and new product development to expand their product portfolio. Merger and acquisitions have resulted in the company's geographical expansion and boosted their efficiency to sustain in the market by providing better products.
CMF distraction system market is estimated to grow at a substantial CAGR of 8.8% during the forecast period. Increase in use of distraction system in correcting complex mandibular deformities with the help of an internal distractor will be a major market driving factor responsible for the business growth in the upcoming years.
External craniomaxillofacial device fixator market valued around USD 319.5 million in the year 2017. Increase in use of external fixators in order to treat craniomaxillofacial anomalies such as craniofacial dysplasia and craniofacial synostoses will result in growing demand and adoption rate of craniomaxillofacial devices thereby, fueling the market growth in the near future.
Bioabsorbable craniomaxillofacial material market is estimated to grow substantially at a CAGR of 7.5% during the forecast timeframe. Growing applications of bioabsorbable craniomaxillofacial material in various maxillofacial surgeries, such as fragment fixation in orthognathic procedures and maxillofacial trauma surgery will lead to boosting the demand and adoption rate, enhancing the business growth in the coming years.
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UK craniomaxillofacial devices market is projected to grow at significant CAGR of 7.3% over the forecast time period. According to a recent research report, it was observed that around 1% of the newborn in the country suffer from facial anomalies such as cleft palate. Growing number of cases regarding facial anomalies will significantly impact the growth of craniomaxillofacial devices market in the country.
Japan dominated the Asia Pacific craniomaxillofacial devices market and was valued around USD 67.7 million in the year 2017. Recent technological advancements, growing healthcare expenditure and healthcare infrastructure in the country along with greater affordability among the people regarding treatment of craniofacial injuries will promote the market growth.
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Craniomaxillofacial Devices Market Emerging Trend Analysis on Stryker Corporation, KLS Martin LP, Zimmer-Biomet, Inc. and Medtronic
The Craniomaxillofacial Devices market dynamics, forces, companies and trends have been determined after conducting a detailed study of the industry for this newly released research report now available with Market Study Report.