Wednesday, 13 September 2017

U.S. Craniomaxillofacial Devices Market share to surpass $1 bn by 2023

North America, driven by U.S. craniomaxillofacial devices market size is forecast to exceed USD 1 billion by 2023, still remaining the largest regional industry. Developed healthcare infrastructure, and rising prevalence of facial fractures and facial deformities due to rapid industrialization and urbanization in the region are the key driving factors over the forecast period. Global Market Insights, Inc. says, Craniomaxillofacial devices market size is likely to hit USD 2 billion by 2023.

The competitive predominance of companies in craniomaxillofacial devices market is quite evident from the numerous developments underlining this business space. A recent instance justifying this proclamation is KLS Martin Group’s declaration of using LaserCUSING for the purpose of 3D printing patient-centric craniomaxillofacial implants. Elaborating further, this Germany-based company has been using the LaserCUSING process patented by Concept Laser, one of its regional peers, for a while now, to manufacture personalized CMF implants.

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The year 2016 even witnessed this craniomaxillofacial devices industry giant partner with 3D Systems with a view to develop an implant via 3D printing for a specific patient. Today, the company has extended its service portfolio to the point where it solely manufactures patient-specific CMF implants, rather than working through a standardized solution. The massive proliferation of 3D printing market has also provided the much-needed impetus for the propagation of this technology.

KLS Martin, last year, had also revealed plans of expanding its footprints in the U.S., which resulted in the conception of its first U.S. manufacturing facility in Florida, near KLS Martin LP, its American subsidiary. KLS Martin’s expansion policies are a classic instance of a company in craniomaxillofacial devices market simultaneously enhancing its service portfolio as well as its geographical landscape. With other companies likely to follow suit in the blink of an eye, craniomaxilofacial devices industry may very well be traversing on a path of anticipated success, having held a valuation of USD 1.14 billion in 2015.

Browse key industry insights spread across 94 pages with 53 market data tables & 40 figures & charts from the report Craniomaxillofacial Devices Market in detail along with the table of contents:

North America seems to be one of the most lucrative investment grounds for craniomaxillofacial devices market players, given the massive expansion strategies of companies across the region. The continental growth, as analysts affirm, is largely hinged on the U.S., which was dominating country in 2015, having held more than 88% of North America craniomaxillofacial devices industry share. A number of factors, such as the rising prevalence of sport injuries and recurrent facial reconstruction surgeries and a highly sophisticated medical infrastructure, are responsible for the fact that North America may possibly lead the global craniomaxillofacial devices market by 2023, with an estimated revenue of USD 1 billion.

Craniomaxillofacial devices industry is inherently driven by the rapidly growing rate of accidents at a global level, that has subsequently led to an upswing in the number of reconstructive surgical procedures. Of late, the proliferation of technology has been having quite a proportional impact on craniomaxillofacial devices market. For instance, the CMF procedure that involves the deployment of a robotic arm for surgical assistance is one such innovation that has lately been grabbing eyeballs in craniomaxillofacial devices industry.

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It would be prudent to mention that lately, even CMF surgeries seem to be utilizing bioabsorbable polymers, such as biosorb PDX, PLGA, and biosorb FX. The extensive trends transpiring in craniomaxillofacial devices market, over and above the fact that these components are widely used in minimally invasive surgeries such as jaw replacement and facial reconstruction as a result of fractures and sport injuries, are forecast to contribute profusely toward craniomaxillofacial devices industry share.

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Cosmetic Implant Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Potential, Competitive Market Share & Forecast, 2016 – 2023

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