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Craniomaxillofacial (CMF) Devices Market 2021 Industry Analysis, Key Drivers, Business Strategy, Opportunities and Forecast to 2030 | Says Kenneth Research

In a recent published report, Kenneth Research has updated the market report for Craniomaxillofacial (CMF) Devices Market  for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Craniomaxillofacial (CMF) Devices Market  products.

The Global Craniomaxillofacial (CMF) Devices Market is expected to grow significantly over the forecast period. It is anticipated that the market held a valuation of USD 2422 million in 2018 and is projected to register a CAGR of 7.2% over the forecast period.

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The increasing participation of key players is one of the key factors driving the craniomaxillofacial (CMF) devices market. In 2019, Kelyniam Global (KLYG) received premarket FDA approval for unique modifications to their PEEK cranio-maxillofacial implant product line.

Various other factors such as the acceptance of craniomaxillofacial (CMF) devices in ambulatory settings, increasing geriatric population, untapped emerging markets, rise in regulatory approvals, and growing demand for bioresorbable devices are also expected to propel the growth of the market.However, the low success rate of surgical procedures, and high costs and shortcomings of titanium implants can hamper market growth over the forecast period.

Segmentation

The global craniomaxillofacial devices market is segmented based on product, material, application, end user, and region.The global market for craniomaxillofacial (CMF) devices, by product, is segmented into cranial flap fixation, craniomaxillofacial fixation (CMF) distraction, temporomandibular joint replacementthoracic fixation, bone graft substitute, CMF plate and screw fixation, and dural repair. The dural repair segment is further classified as dural sealants and dural substitutes.

Based on material, the market is segmented into metals and alloys, bioabsorbable, ceramics, polymers, and others.Based on application, the market is segmented into neurosurgery, ENT, orthognathic & dental surgery, plastic surgery, and others.Based on end user, the market is segmented into hospitals, ambulatory surgical centers, and others.

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In the current scope of the study, the segments mentioned above are covered into the four global regions, namely, the Americas, Europe, Asia-Pacific, and the Middle East and African region.The craniomaxillofacial devices market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.

The European craniomaxillofacial devices market has been segmented into Western Europe and Eastern Europe. Western Europe has been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.  The craniomaxillofacial devices market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The craniomaxillofacial devices market in the Middle East & Africa has been segmented into the Middle East and Africa.

Key Players

Aesculap Implant System LLp

Integra Lifesciences Corporation

Johnson & Johnson

Kanghui Orthopedic

KLS Martin

MATRIX SURGICAL USA

Medartis AG

Medtronic

OsteoMed

Stryker Corporation

TMJ Concepts

L. Gore and Associates

Regional Market Summary

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Global Craniomaxillofacial (CMF) Devices Market Share (%), by Region, 2017

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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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