(MENAFN- Ameliorate Digital Consultancy)
introduction cranio maxillofacial (CMF) implants are specialized medical devices used to reconstruct or repair facial and cranial bones damaged by injury, disease, or congenital abnormalities. These implants are designed to restore normal function and appearance, making them an important part of the medical device industry. In this blog, we will delve into the CMF implants market and explore its growth prospects.
The global market for cranio maxillofacial implants was estimated to be valued at US$ 1,044.7 million in 2014. By registering a projected 6.2% CAGR, the global cranio maxillofacial implants market& is slated to attain market value of US$ 1,498.6 million by 2020-end. The growth can be attributed to several factors such as the increasing incidence of facial fractures and trauma, growing geriatric population, and advancements in implant technology.
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Segmentation Based on product type, the CMF implants market can be segmented into plate and screw fixation systems, bone graft substitutes, and distraction systems. Plate and screw fixation systems are expected to dominate the market owing to their wide range of applications in facial and cranial reconstruction. Based on material, the market can be segmented into metal and bioabsorbable materials. Bioabsorbable materials are expected to witness significant growth owing to their biocompatibility and ability to degrade over time.
Application The CMF implants market can also be segmented based on application into trauma and reconstruction. Trauma is expected to be the largest segment owing to the increasing incidence of facial fractures and trauma. Reconstruction is also expected to witness significant growth due to the growing geriatric population and the increasing demand for cosmetic and restorative surgeries.
Regional Analysis North America dominates the CMF implants market, accounting for the largest share. The region's dominance can be attributed to the increasing incidence of facial fractures, a growing geriatric population, and the presence of well-established healthcare infrastructure. Europe is the second-largest market, followed by the Asia Pacific. The Asia Pacific is expected to witness significant growth due to the rising healthcare infrastructure, increasing investments in the healthcare sector, and a growing population.
Challenges One of the major challenges faced by the CMF implants market is the high cost of implants and surgical procedures. Moreover, the lack of skilled professionals to perform complex surgeries and the risk of implant failure are also hindering market growth. Another challenge faced by the market is the availability of alternative treatments such as bone grafts and external fixation systems.
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Conclusion The CMF implants market is witnessing significant growth due to the increasing incidence of facial fractures and trauma, growing geriatric population, and advancements in implant technology. The market is expected to witness further growth owing to the increasing demand for cosmetic and restorative surgeries. However, the market faces several challenges such as high costs, a lack of skilled professionals, and the risk of implant failure. Nonetheless, with the continued development of advanced implant technology and the increasing adoption of minimally invasive surgical procedures, the market is expected to overcome these challenges and witness sustained growth in the years to come.
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