There has been a significant rise in the demand for craniomaxillofacial implants over the past few years on account of the rising number of road accidents and tragedies as well as rising public awareness regarding these implants and surgeries. According to Transparency Market Research (TMR), by 2022, the global craniomaxillofacial implants market will be worth US$1,752.9 mn.
Q. What are the factors boosting the growth of this market?
One of the key factors boosting the growth of the cranial maxillofacial implants market is the growing demand for these implants from the geriatric population. The increasing number of craniomaxillofacial surgery centres worldwide is also benefiting the growth of the market.
Q. What are the factors Witcher acting as roadblocks and preventing the growth of this Market from reaching its fullest potential?
A lack of efficient healthcare infrastructure in and the developing nations is one of the roadblocks. High Investments done for the research and development as well as medicinal service foundations make craniomaxillofacial surgeries an extremely costly procedure.
Q. Which region within the global craniomaxillofacial implants market will lead in the years to come?
It is anticipated that the early adoption of advanced technological methods will boost the market for craniomaxillofacial in North America. The growing prevalence of facial injuries is also behind the growth of the market in this region. With rising incidences of trauma, the market for craniomaxillofacial in North America is set to benefir. However, the fastest growth in terms of CAGR is expected to be witnessed by Asia Pacific on account of the rising prevalence of hereditary facial abnormalities, considerable improvement in healthcare infrastructure, and growing geriatric population. The rising number of road accidents will also make the countries in Asia Pacific key markets for craniomaxillofacial implants.
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