Craniomaxillofacial (CMF) Fixators - Global Pipeline Analysis

Dec. 9, 2011 - PRLog -- The global Craniomaxillofacial (CMF) fixators market is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.1% over the period 2010 - 2017. The global CMF market had revenues of $648m in 2010, which will rise to about $1 billion by 2017. The increase in the target population due to factors such as rising sports injuries and accidents will spur the market growth. The market for internal CMF devices will continue to outgrow the market for external CMF fixators.

The CMF fixators market is driven by patients suffering from facial fractures and correction of facial deformities. The major causes of these conditions are cases of trauma, increasing road accidents and sports injuries. About 24% of the non-fatal fractures due to road accidents lead to intracranial injuries, while 11% lead to facial fractures and injuries. Sports participation is the most common cause for mandibular fractures. Rising heath awareness has led to an increase in sports participation, and this would directly lead to increased cases of fractures and related conditions. Treatment of clefts is an underserved market, especially in developing countries, where significant child populations are suffering from these conditions.

In 2010, Synthes Inc. was the leader in the global CMF fixators market with a 35% share, followed by Stryker Corporation with 29% and Biomet Inc. with 11%. Other major players in this market are KLS Martin LP and Medartis AG. The CMF fixators market is very competitive, with a growing threat from smaller companies offering cheaper, imitation products at a discounted rate.

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The US is the largest market for CMF devices, accounting for almost 50% of the global market. The US CMF fixators market was valued at $315.5m in 2010 and is expected to grow at a CAGR of 7.5% from 2010 through to 2017 to reach $522.3m.

Participation in sports will continue to be the major factor leading to facial fractures, which will drive the CMF fixators market. Of the 30 million American kids aged 5-14 years that participate in sports each year, roughly 775,000 visit hospital emergency rooms. Nearly 7,000 babies are born with a cleft palate, cleft lip or both every year in the US. Road accidents and trauma are the other major factors causing facial disorders.

GlobalData’s new report, “Craniomaxillofacial (CMF) Fixators - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017” provides key data, information and analysis on the global Craniomaxillofacial (CMF) fixators market. The report provides market landscape, competitive landscape and market trends information on the CMF fixators market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market’s dynamics. The report also reviews the competitive landscape and technology offerings.

This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts.

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