Asia Pacific Craniomaxillofacial Devices Market Size & Outlook
Asia Pacific craniomaxillofacial devices market, 2018-2030 (US$M)
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Asia Pacific craniomaxillofacial devices market highlights
- The Asia Pacific craniomaxillofacial devices market generated a revenue of USD 117.7 million in 2023.
- The market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
- In terms of segment, cmf plate and screw fixation was the largest revenue generating product in 2023.
- Bone Graft Substitute is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 117.7 million |
| Market revenue in 2030 | USD 234.6 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | Cmf plate and screw fixation |
| Fastest growing segment | Bone Graft Substitute |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cranial Flap Fixation, CMF Distraction, Temporomandibular Joint Replacement, Thoracic Fixation, Bone Graft Substitute, CMF Plate and Screw Fixation |
| Key market players worldwide | DePuy Synthes, Stryker Corp, Medtronic PLC, B. Braun, Renishaw PLC, Medartis Holding AG Ordinary Shares, KLS Martin Group, Xilloc, Zimmer Biomet Holdings Inc, Synimed |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 6.4% of the global craniomaxillofacial devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 234.6 million by 2030.
Cmf plate and screw fixation was the largest segment with a revenue share of 72.56% in 2023. Horizon Databook has segmented the Asia Pacific craniomaxillofacial devices market based on cranial flap fixation, cmf distraction, temporomandibular joint replacement, thoracic fixation, bone graft substitute, cmf plate and screw fixation covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is the most lucrative market for CMF devices owing to the increasing incidence of orthopedic conditions and growing geriatric population. This market is expected to witness a significant growth during the forecast period owing to the increasing adoption of new techniques pertaining to orthopedic surgeries and improving healthcare infrastructure.
In addition, increasing demand for minimally invasive surgeries and growing awareness about CMF devices among individuals are expected to drive market growth in the region. Factors such as increase in the adoption of customized implants and planning through virtual surgery technology, designed to enhance patient experience, are expected to boost market growth in this region.
Presence of organizations such as Asian Pacific Craniofacial Association, which focuses on providing & sharing knowledge with surgeons & doctors, is also expected to boost the adoption of CMF devices in Asia Pacific in the coming years. Increasing medical tourism is another major factor expected to fuel the growth of the facial implant market in the coming years.
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Craniomaxillofacial Devices Market Scope
Craniomaxillofacial Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific craniomaxillofacial devices market size, by country, 2018-2030 (US$M)
Asia Pacific Craniomaxillofacial Devices Market Outlook Share, 2023 & 2030 (US$M)
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