India Craniomaxillofacial Devices Market Size & Outlook
Related Markets
India craniomaxillofacial devices market highlights
- The India craniomaxillofacial devices market generated a revenue of USD 23.4 million in 2023 and is expected to reach USD 46.3 million by 2030.
- The India market is expected to grow at a CAGR of 10.2% 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.
Craniomaxillofacial devices market data book summary
| Market revenue in 2023 | USD 23.4 million |
| Market revenue in 2030 | USD 46.3 million |
| Growth rate | 10.2% (CAGR from 2024 to 2030) |
| Largest segment | Cmf plate and screw fixation |
| Fastest growing segment | Bone Graft Substitute |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, India accounted for 1.3% of the global craniomaxillofacial devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China craniomaxillofacial devices market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 58.5 million by 2030.
Cmf plate and screw fixation was the largest segment with a revenue share of 72.22% in 2023. Horizon Databook has segmented the India 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.
Growing instances of facial fractures and increasing demand for minimally invasive reconstruction surgeries are among the major factors driving the growth of the CMF devices market in India. According to the data provided by the Government of India, ~511,394 people were injured in road accidents in the country in 2012, and this number is expected to increase during the forecast period.
This is expected to fuel market growth in the coming years. Increasing medical tourism is expected to fuel the growth of the CMF devices market in India in the coming years. According to the Ministry of Tourism, 96,856 foreigners visited India on medical visas till June 2016.
This number is likely to increase rapidly in the coming years owing to cheaper treatment options available in India. Moreover, growing target population with unmet clinical needs and increasing disposable income are expected to provide growth opportunities to market players in the country.
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Craniomaxillofacial Devices Market Scope
Craniomaxillofacial Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Synimed | View profile | 51-100 | Chamberet, Limousin, France, Europe | https://www.synimed.com |
| KLS Martin Group | View profile | 1001-5000 | Jacksonville, Florida, United States, North America | https://www.klsmartin.com/de/ |
| Xilloc | View profile | 11-50 | Maastricht, Limburg, The Netherlands, Europe | http://www.xilloc.com |
| Medartis Holding AG Ordinary Shares | View profile | 876 | Hochbergerstrasse 60E, Basel, Switzerland, 4057 | https://www.medartis.com |
| Renishaw PLC | View profile | 5175 | New Mills, Wotton-under-Edge, Gloucestershire, United Kingdom, GL12 8JR | https://www.renishaw.com |
| B. Braun | View profile | 10001+ | Chapeltown, Sheffield, United Kingdom, Europe | https://www.bbraun.co.uk |
| DePuy Synthes | View profile | 5001-10000 | Raynham, Massachusetts, United States, North America | https://depuysynthes.com |
| Zimmer Biomet Holdings Inc | View profile | 18000 | 345 East Main Street, Warsaw, IN, United States, 46580 | https://www.zimmerbiomet.com |
| Stryker Corp | View profile | 52000 | 1941 Stryker Way, Portage, MI, United States, 49002 | https://www.stryker.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
India craniomaxillofacial devices market size, by product, 2018-2030 (US$M)
India Craniomaxillofacial Devices Market Outlook Share, 2023 & 2030 (US$M)
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