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Cranial And Facial Implants Market Report
Cranial and Facial Implants Market, By Type (Cranial Implants, Facial Implants), Material (Polymethyl Methacrylate, Porous Polyethylene, Titanium), End-User (Hospitals, Super specialty Clinics, ASCs), and Region - COVID-19 Impact...
Impact of COVID-19 on Cranial And Facial Implants Market
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Cranial and Facial Implants Market is projected to grow from USD xx billion in 2020 to SD xx billion by 2026 at a CAGR of around 6.5% during the forecast period.
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Cranial implants can be defined as the implants which are used during cranial reconstruction procedures after cranial defects. Cranial defects are mainly caused by injury, infection, or malignancy. Facial implants are used to enhance certain features of the face.
Key players operating in the Cranial and Facial Implants market are-
The growth of the cranial and facial implants market is primarily driven by increasing incidences of accidents and brain injuries across the globe. The rising number of plastic surgeries being performed coupled with rising per capita disposable income is expected to drive the market growth at a significant rate during the review period. In addition to this, surging demand for advanced implant products is likely to create lucrative opportunities for the players operating in the global cranial and facial implants market in the coming years.
By end-user, the cranial and facial implants market has been bifurcated into hospitals, super specialty clinics, and ASCs. The hospital segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment can be attributed to the availability of required infrastructure and technical expertise.
By region, the North American market accounted for the largest market share in 2020 and is projected to grow at a robust CAGR during the review period. This can be attributed to the rising number of people opting for plastic surgeries coupled with expanding geriatric populace and the presence of key market players such as Stryker Corporation (US) and Integra Lifesciences (US). The market growth in Asia-Pacific is expected to be driven by the increasing incidence of accidental injuries and rising medical tourism in developing countries.
The covid-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the cranial and facial implants market negatively as the healthcare solutions other than covid-19 treatment declined due to fear of coronavirus infection. Also, supply chain disruptions due to the imposition of lockdown affected the product availability on time and thus, affected the market growth.
Here is the list of the group of customers that the cranial and facial implants market hopes to have the greatest opportunity to convert-
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The cranial and facial implants market is expected to witness an impressive growth of 6.5% CAGR in the coming years.
Stryker Corporation (US), KLS Martin Group (Germany), DePuy Synthes Companies (US), Zimmer Biomet (US), Integra Lifesciences (US), OsteoMed L.P. (US), Medartis AG (Switzerland), MA-TRIX SURGICAL INDUSTRIES (India) and Calavera (US) are among the key players in the cranial and facial implants market.
Increasing incidences of accidents and brain injuries across the globe is the prime factor driving the growth of cranial and facial implants market.
The hospital segment is expected to register significant growth in the cranial and facial implants market in the coming years.
North America accounted for the largest share in the cranial and facial implants market in 2020.
Cranial and facial implants distributors, Cranial and facial implants suppliers, Cranial and facial implants manufacturers, Logistics organizations, Government bodies are the target audience in the cranial and facial implants market.
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