The Asia Pacific Craniomaxillofacial Devices Market would witness market growth of 11.3% CAGR during the forecast period (2022-2028).
The market trends for plate and screw fixators, which are seeing a more obvious growth than distraction systems due to the broad utilization applications, are displaying extensive usage. Plate and screw fixators are used most often in the treatment of patients who are afflicted with skull and face fractures, congenital abnormalities, and the formation of secondary defects such as tumor removal. In osteodistraction procedures, which are often performed to fix bone abnormalities or to do reconstructive surgery, distraction devices are frequently employed.
External distraction systems and internal distraction systems are the two sorts of distraction systems that are used the vast majority of the time. It has been noticed that the neurosurgical subsegment of the application is likely to record healthy development in the future. This is mostly related to the established product offerings from the leading companies that operate worldwide since this is where the market is expected to expand.
In addition to this, an increase in the prevalence of neurological illnesses and the burden they cause is contributing to a rise in the number of neurosurgeries performed. Because of the growing need for specialists in this field, the number of neurosurgeons practicing in emerging nations like India is on the rise. In addition, competitors in the market are concentrating their efforts on developing new products to meet the need for creative methods of craniomaxillofacial fixation procedures in the treatment of neurological illnesses.
The lack of road safety is a significant barrier to global development, a threat to public health, and the primary reason for both deaths and injuries on a global scale. According to the Globe Health Organization, at least one out of every ten individuals who are murdered while traveling on roads throughout the world comes from India. According to the government of India, there have been a total of 4,12,432 registered road accidents in the nation during the year 2021. These incidents have resulted in the deaths of 1,53,972 people and the injuries of 3,84,448 other people. This would be a factor that contributes to the expansion of the market for craniomaxillofacial devices.
The China market dominated the Asia Pacific Craniomaxillofacial Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $114.1 million by 2028. The Japan market is estimated to grow a CAGR of 10.6% during (2022 - 2028). Additionally, The India market would experience a CAGR of 11.9% during (2022 - 2028).
Based on Material, the market is segmented into Metal, Bio Absorbable, Ceramics, and Total. Based on Application, the market is segmented into Orthognathic & Dental Surgery, Neurosurgery & ENT, and Plastic Surgery. Based on Product, the market is segmented into CMF Plate & Screw Fixation, Cranial Flap Fixation, CMF Distraction, Temporomandibular Joint, Replacement, Thoracic Fixation, and Bone Graft Substitute. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Craniomaxillofacial Devices Market is Projected to reach USD 2.9 Billion by 2028, at a CAGR of 9.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Stryker Corporation, Johnson & Johnson (DePuy Synthes), Medtronic PLC, B. Braun Melsungen AG, Renishaw PLC, Medartis AG, Zimmer Biomet Holdings, Inc., Xilloc Medical B.V, Synimed, and KLS Martin Group.
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