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Cranio Maxillofacial Implants Market 2022 Global Projection By Key Players - Johnson & Johnson Services, Inc., Stryker Corporation, Zimmer Holding, Inc- Analysis and Forecast to 2031
Cranio Maxillofacial Implants Market 2022-2027
The Cranio Maxillofacial Implants Market is expected to grow on a healthy note in the subsequent decade. With value-based care picking up, close to 15% of the entire population is under its umbrella as of now. Programs like "Online Bachelor's Degree in General Studies with a Concentration in Healthcare" is being floated, which could aid professionals to lead in the value-based care strategies. In other words, the future belongs to professionals bringing conventional skills in communication, care, and leadership with new-fangled skills in analytics and technology. So, "being value-based" would hold value in the healthcare vertical in the future.
According to a new market report published by Persistence Market Research "Global Market Study on Cranio Maxillofacial Implants: Asia to Witness Highest Growth by 2022" the global cranio maxillofacial implants market was valued at USD 1,044.7 million in 2020 and is expected to grow at a CAGR of 6.2% from 2020 to 2027, to reach an estimated value of USD 1,498.6 million in 2027.
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Cranio maxillofacial surgery refers to a procedure for treatment of a severe injury to the cranial and facial bones. Treatment of injured cranial and facial bones usually requires internal fixators such as plate and screw fixation systems, flap fixation devices, bone graft substitutes or others to fix the facial fracture. Globally, the cranio maxillofacial implants market is witnessing significant growth due to increasing incidence of facial fractures and emergence of new procedural techniques and positive clinical outcome.
In addition, increased healthcare expenditure and lack of substitutes are driving the cranio maxillofacial implants market. However, various factors such as high cost of surgery and lack of awareness are restraining the growth of cranio maxillofacial implants market. In addition, double surgery and absence of health insurance in the developing countries are restraining the cranio maxillofacial implants market.
Some of the major players in the e-clinical solution software market:
Johnson & Johnson Services, Inc.
Stryker Corporation.
Zimmer Holding, Inc.
B.Braun Melsungen AG.
CONMED.
Medtronic, Inc.
Other.
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North America, including the U.S. has the largest cranio maxillofacial implants market. Asia is the fastest growing cranio maxillofacial implants market. Some of the fastest growing markets for cranio maxillofacial implants devices are China, Japan and other countries in South East Asia and the Eastern Mediterranean.
North American market for cranio maxillofacial implants is estimated at USD 586.1 million in 2022 and is expected to reach USD 839.6 million in 2027, growing at a CAGR of 6.2% from 2022 - 2027. On the basis of the type of fixator, internal fixators have the largest market share in the cranio maxillofacial implants market and it is expected to grow at a CAGR of about 6.0% during 2022 - 2027. Various cranio maxillofacial implants companies are increasing their focus on manufacturing of internal fixators with bioabsorbable material. Market for bioabsorbable fixators is expected to grow at a CAGR of about 8.4% during 2022 - 2027.
The global cranio maxillofacial implants market is segmented as follows:
Cranio Maxillofacial Implants Market, By Location
Internal Fixator
External Fixator
Cranio Maxillofacial Implants Market, By Composition
Calcium Ceramics
Metals and alloys
Polymers
Biological Materials
Cranio Maxillofacial Implants Market, By Nature
Non-resorbable
Resorbable
Cranio Maxillofacial Implants Market, By Product Type
Plate and screw fixation systems
Bone graft substitutes
Flap fixation devices
Distraction systems
Temporomandibular joint (TMJ) replacement devices
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