Global Maxillofacial Fixation Devices Market to Surpass US$ 3 Billion by 2025

Albany, USA, 2017-Oct-19 — /EPR Network/ —A new report titled “Cranio Maxillofacial Fixation Devices Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)” has been added to the comprehensive database of Market Research Reports Search Engine (MRRSE). According to the report, the global cranio maxillofacial fixation devices market is likely to witness steady growth during the forecast period 2017-2025. The report projects the global maxillofacial fixation devices market to increase at over 7% CAGR through 2025 and reach nearly US$ 3 billion in revenues.

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According to the report, a range of macroeconomic and microeconomic factors are likely to impact the growth of the cranio maxillofacial fixation devices market during the forecast period. Increasing spending on healthcare, especially in developing countries, is a broader trend that is likely to impact the growth of the cranio maxillofacial fixation devices market during the forecast period. Accredited hospitals which have the trained staff and technological know-how to cater to patients is another positive factor for the growth of the cranio maxillofacial fixation devices market. As maxillofacial fixation technology becomes more mainstream and international players enter the market, it is highly likely that cost per treatment will also come down, which will further lead to the growth of the market.

The key trends in the global cranio maxillofacial fixation devices include transition to polymer implants and growing use of 3D X-rays. These trends are working in the favor of cranio maxillofacial fixation devices market growth. The other prevailing trends in the market include use of robotics to increase the success ration of surgeries and development of cranio maxillofacial fixation devices by start-ups.

By product type, plate and screw fixation accounts for the bulk of revenue share and the status quo is unlikely to change during the forecast period. There is an increased adoption of bone graft substitutes on account of which this segment is likely to grow at over 7% CAGR during the forecast period.

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Currently, preference for internal fixation is on the higher side vis-à-vis external fixation, and this trend is likely to remain strong throughout the forecast period. Higher sales of internal fixation devices are projected during the forecast period.

By region, Europe remains the most lucrative market globally, accounting for over half the global revenue shares. The Europe cranio maxillofacial fixation devices market is likely to grow at nearly 8% CAGR throughout the forecast period. North America remains the second largest market for maxillofacial fixation devices during the forecast period.

The leading players profiled in the global cranio maxillofacial devices market include Stryker Corp., Medartis Holding AG, Integra LifeSciences, Johnson and Johnson (DePuy Synthes), Zimmer Biomet Holding Inc., Poriferous LLC, Medtronic, B. Braun Melsungen AG, KLS Martin LP, Matrix Surgical USA.

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