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Cranio Maxillofacial Fixation (CMF) Devices
Cranio Maxillofacial Fixation (CMF) Devices
Cranio MaxilloFacial Devices Market is Forecast to Exceed $1 billion in 2016
Hyderabad,
AP,
India
(prbd.net)
18/01/2011
The global market for Cranio Maxillofacial Fixation (CMF) devices was valued at $600m in 2009, and is forecast to grow at a Compound Annual Growth Rate (CAGR) of 8% to reach $1 billion in 2016. The market is expected to be driven by increasing patient population, increased adoption of minimal invasive procedures and product innovation.
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Sport related injuries are the leading cause of increasing facial fracture incidence. Sports related injuries account for 10-42% of all facial fractures. Road accidents are another major cause of rising incidence of facial fractures. It is estimated that 24% of the non-fatal fractures due to road accidents lead to intracranial injuries, while 11% lead to facial fractures and injuries. Annually more than 4 million people are injured in motor vehicle accidents in the US alone.
The US remains the largest market for CMF devices and accounts for nearly 49% of the total CMF market, globally. The US CMF devices market is expected to reach $480m in 2016, growing at a CAGR of 7% from 2009 to 2016. The internal cranio maxillofacial fixators market was valued at $277m in 2009 and the external cranio maxillofacial fixators were valued at $21m in 2009. The CMF devices market in the US is expected to be driven by increasing elderly population, which comprised 18% of the total US population in 2009, and increased adoption of premium priced bioresorbable devices, and product innovation.
The global market for internal cranio maxillofacial devices was valued at $305m in 2009, and is forecast to grow at a CAGR of 9% to reach $554m in 2016. Internal cranio maxillofacial fixator devices are forecast to be the fastest growing category in the CMF devices market.
GlobalData’s new report, “Cranio Maxillofacial Fixation (CMF) Devices - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016” provides key data, information and analysis on the global Cranio Maxillofacial Fixation (CMF) devices market. The report provides market landscape, competitive landscape and market trends information on the Cranio Maxillofacial Fixation (CMF) devices market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings.
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http://www.globaldata.com/reportstore/Report.aspx?ID=Cranio-Maxillofacial-Fixation-CMF-Devices-Global-Pipeline-Analysis-Opportunity-Assessment-and-Market-Forecasts-to-2016&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Medical_Devices
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