CRANIOMAXILLOFACIAL FIXATION DEVICES MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Craniomaxillofacial Fixation Devices Market Analysis:

It is anticipated that the craniomaxillofacial fixation devices market will exhibit a compound annual growth rate (CAGR) of 5.8% during the forecast period spanning from 2022 to 2027.

The healthcare sector has been significantly impacted by the outbreak of COVID-19. In accordance with the Centers for Medicare and Medicaid Services (CMS) recommendation to delay all elective surgeries and nonessential medical, surgical, and dental procedures, the American Society of Plastic Surgeons (ASPS) advised plastic surgeons to cease providing any elective or nonessential services. Consequently, the craniomaxillofacial fixation devices market has been significantly affected by these factors.

The increasing demand for minimally invasive surgeries is expected to propel the growth of the craniomaxillofacial (CMF) devices market during the forecast period. The market is also expected to experience immense growth due to the rising incidences of road accidents resulting from urbanization and industrialization, as well as the growing demand for effective reconstructive surgeries. For example, a retrospective study conducted in India in 2022 titled “Prevalence and Pattern of Mandibular Fractures” revealed that mandibular fractures have multiple etiologies, including assault, sports injuries, and auto accidents. While assaults account for over 50% of mandibular fractures in men, falls and car accidents are the primary causes in women. Therefore, the increased incidence of mandibular fractures is likely to drive the adoption of craniomaxillofacial fixation devices and boost market growth.

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