Market Size of Global Craniomaxillofacial Fixation Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Craniomaxillofacial Fixation Devices Market Analysis
The craniomaxillofacial fixation devices are expected to record a CAGR of 5.8% over the forecast period (2022-2027).
The COVID-19 outbreak significantly impacted the healthcare sector. As per the article published in 2020 under the title 'The Impact of COVID-19 on the Treatment of Craniomaxillofacial Trauma and Head and Neck Infections', the American Society of Plastic Surgeons (ASPS) advised that all plastic surgeons stop providing any elective or nonessential services by the new Centers for Medicare and Medicaid Services (CMS) recommendation that all elective surgeries, and nonessential medical, surgical, and dental procedures be delayed during the COVID-19 outbreak. Hence as per the factors mentioned above, COVID-19 had a significant impact on the craniomaxillofacial fixation devices market.
Increasing demand for minimally invasive surgeries is expected to drive the CMF devices market during the forecast period. Rising incidences of road accidents due to urbanization and industrialization and rising demand for effective reconstructive surgeries are expected to enable immense growth of the CMF devices market. For instance, as per the article published in 2022 under the title " Prevalence and pattern of mandibular fractures: A retrospective study in India", Mandibular fractures have multiple etiologies, including assault, sports injuries, and auto accidents. For men, assaults account for over 50% of mandibular fractures, but for women, falls and car accidents account for the majority of cases. Hence the increased number of mandibular fractures is likely to increase the adoption of craniomaxillofacial fixation devices and boost market growth.
The increasing prevalence of facial fractures and raising research and development in craniomaxillofacial fractures, and mergers and acquisitions are expected to result a growth of the studied market. For instance, in April 2021, Striker acquired TMJ Concepts, the company which offers patient-fitted prostheses for the reconstruction of the temporomandibular joint fabricated for the unique anatomy. The acquisitions are anticipated to increase the reconstruction portfolio of Stryker to a greater extent.
As per the aforementioned factors, the craniomaxillofacial fixation devices market is likely to grow over the forecast period. However, improper reimbursement policies restrain the market growth.
