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Cmf (craniomaxillofacial) Devices Market Is Estimated At $2.2 Bn In 2022 And Is Expected To Grow At A Cagr Of ~6.8% By 2026
The CMF devices market consists of implants, software, anatomic models, instruments, and surgical guides.
CMF (Craniomaxillofacial) Devices Market is estimated at $2.2 Bn (2022) growing at a CAGR of ~6.8%. The market growth is driven by growing volumes of CMF procedures and the rising adoption of patient specific implants.
High incidence of traumatic brain injuries (TBIs) is driving the demand for CMF devices
One of the most frequent causes of death and disability in adults is head injuries. The Journal of Neurosurgery estimates that 69 million individuals across the globe are estimated to sustain a TBI each year. In the US, 2.8 million TBIs occur yearly (Source: CDC). Large number of TBIs and associated skull fractures are driving the demand for CMF devices.
Sports related injuries are propelling the volumes of CMF procedures
The market for CMF devices is anticipated to rise as the incidence of sports-related injuries rises. According to John Hopkins Medicine, over 3.5 million sports-related injuries are recorded each year in the U.S and almost one-third of all injuries suffered in childhood ...
... are sports-related injuries.
Growing demand for patient specific implants (PSIs)
The CMF (Craniomaxillofacial) devices market is dominated by standard/off-the-shelf implants. However, there is an increasing need for patient-specific implants. This is due to advances in imaging techniques that allow physicians to recreate a computerized model of the patient's anatomy and provide personalized solutions. Additionally, improvements in the CMF planning software have introduced tools that help surgeons make almost any measurement possible and align the bone segments in a perfectly symmetrical manner. This has enabled designing patient specific solutions with high accuracy.
Point of Care (POC) 3D Printing to offer growth opportunities in CMF (Craniomaxillofacial) Devices Market
In the upcoming years, point of care (POC) 3D printing is projected to gain more momentum. Hospitals are progressively looking for POC 3D printing solutions owing to its benefits like direct communication between engineer and the surgeon and accelerated delivery. Key players such as KLS Martin have already started concentrating on POC services. Charite hospital (Germany) recently entered into a public-private partnership with KLS Martin. They invested together in hospital printers, and KLS is printing implants for Charite.
North America leads the adoption of CMF (Craniomaxillofacial) Devices Market
Geographically speaking, North America has a major market share of global CMF devices revenues. This is mostly attributed to the large volumes of CMF procedures, high incidence of trauma injuries, relatively greater penetration and reimbursement of CMF products in the region.
Explore Premium Report on CMF (Craniomaxillofacial) Devices Market @ https://meditechinsights.com/cmf-craniomaxillofacial-devices-market/
Companies accepting organic growth strategies to increase their market share
As a key growth strategy, companies in the CMF (Craniomaxillofacial) devices market are focusing on strategic expansions.
For instance,
In 2021, KLS Martin opened the new production building "Building 70" in Mühlheim, Germany. In the U.S. the company expanded its production building. Further, a new, larger office with a showroom was inaugurated in Shanghai, China
In March 2020, KLS Martin opened a new planning office for Individual Patient Solutions (IPS) in Cardiff, U.K. to bring a more personal and local service to UK clinicians
In January 2019, DePuy Synthes invested €36 million in expanding R&D
capabilities at its Ireland Innovation Center. The investment would help a five-year project focusing on advancing material science in 3D printing, coatings and surface treatments for high quality implants and medical devices. The investment also aimed an establishment of a 3D Printing Development and Launch Center
Competitive Landscape Analysis of CMF (Craniomaxillofacial) Devices Market
Key players operating in the CMF (Craniomaxillofacial) devices market include KLS Martin, DePuy Synthes Companies (JnJ), Stryker, Medartis, Renishaw, Zimmer Biomet, Medtronic, Materialise, Xilloc Medical, Synimed, Medicon, 3D Systems, 3D Life Prints, Nutechnologies, 3Di, among others.
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