Craniomaxillofacial Devices Market Size, Share & Trends Report

Craniomaxillofacial Devices Market Size, Share & Trends Analysis Report, By Product (Cranial Flap Fixation, CMF Distraction, Temporomandibular), By Material, By Application, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: 978-1-68038-468-0
  • Number of Pages: 128
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2021
  • Industry: Healthcare

Research Methodology

A three-pronged approach was followed for deducing the smart home market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for smart home market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of smart home market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Smart Home Market Categorization:

The smart home market was categorized into four segments, namely product (Cranial Flap Fixation, CMF Distraction, Temporomandibular Joint Replacement, Thoracic Fixation, Bone Graft Substitute, CMF Plate and Screw Fixation), material (Metal, Bio absorbable material, Ceramics), application (Neurosurgery & ENT, Orthognathic and Dental Surgery, Plastic surgery), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The smart home market was segmented into product, material, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The smart home market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-three countries, namely, the U.S.; Canada; the UK; Germany; France; Italy; Spain; Sweden; Denmark; Norway; Japan; India; China; Australia; South Korea; Thailand; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; and Kuwait

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Smart home market companies & financials:

The smart home market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • STRYKER CORPORATION -  Stryker offers products and services related to medical, surgical, orthopedics, spine, and neurotechnology verticals. The product offerings include joint replacement solutions, trauma products, micro & spine implant systems, powered surgical instruments, orthobiologics, endoscopic products, patient-handling equipment, emergency equipment, and surgical navigation systems. Stryker Osteosynthesis is a subsidiary of Stryker, which is operational in the Craniomaxillofacial (CMF) and traumatology market. The company is present in over 100 countries around the world.

     

  • MEDTRONIC -  Medtronic is one of the world’s largest manufacturers of medical devices offering the highest number of medical technologies & healthcare solutions. The company applies biomedical engineering in the research, design, manufacture, and sale of products for alleviating pain, restoring health, & extending life. The company serves patients, clinicians, physicians, and hospitals in over 155 countries worldwide. It operates under a cardiovascular group, restorative therapies group, and diabetes group. The company has more than 53,000 patents. It operates from 260 locations. Medtronic operates as a subsidiary of Medtronic plc.

     

  • KLS MARTIN L.P.  -  KLS Martin L.P. is the subdivision of KLS Martin Group. It operates in various verticals: neurosurgery, maxillofacial surgery, OMF surgery, plastic surgery, ENT surgery, head & neck surgery, dental surgery, and cardiothoracic surgery. Its product offerings include titanium rigid fixation implants, surgical instruments, distraction osteogenesis devices, and bioresorbable rigid fixation implants. It also offers products for dental implantation and tooth extraction, as well as titanium implants for craniofacial osteosynthesis. In addition, the company offers office-based medical & surgical modeling products and products for oral surgery, plastic & reconstructive surgery, neurosurgery, oculoplastic surgery, microsurgery, otolaryngology surgery, and craniofacial surgery. The sales and distribution network of the company is present in over 140 countries.

     

  • MEDARTIS AG  -  Medartisis is a medical devices company whose distribution channels are spread over Europe, Japan, Latin America, and Asia. The company is involved in the production of implants, services for osteosynthesis, and instruments used in CMF surgeries. Its product offerings include implants & instruments for craniofacial surgery, orthopedic surgery, and hand & plastic surgery. In addition, the company provides distal radius, radius fixation, dorsal frame, wrist plates, distal ulna, and an arthrodesis system. It also offers radial head plates used to treat intra-articular fractures of the forefoot and elbow.

     

  • JOHNSON & JOHNSON -  Johnson & Johnson manufactures pharmaceuticals, medical devices, and consumer healthcare products. The company operates in three verticals: pharmaceuticals, fast-moving consumer goods, and medical devices. The company operates in over 57 countries. In 2012, Johnson & Johnson acquired DePuySynthes, a medical device company to expand its business in the medical device vertical. The medical devices segment of the company operates in the fields of orthopedics, cardiovascular diseases, diabetes care, diagnostics, vision care, infection prevention, aesthetics, and neurological disease.

     

  • W. L. GORE & ASSOCIATES, INC.  -  W. L. Gore & Associates, Inc. is operational in electronics, industrial, fabrics, and medical products. It offers implants, which help provide solutions for medical problems. The company caters to various industry segments, including aerospace, automotive, chemical processing, environmental, medical, textile, semiconductors, military, biotechnology, industrial, energy, and computer/telecom measurement. The medical devices segment portfolio of the company includes implant biomaterials and membranes for venting as well as filtration in critical applications. The company operates in more than 25 countries and has more than 2,000 patents.

     

  • TMJ CONCEPTS -  TMJ Concepts manufactures state-of-the-art, customized prostheses for temporomandibular joint reconstruction. It uses titanium, cobalt-chromium-molybdenum, and ultrahigh-molecular-weight polyethylene to manufacture these products, which have a long-proven history of successful clinical use. It has been manufacturing TMJ implants since 1999, after obtaining PMA approval from the U.S. FDA.

     

  • INTEGRA LIFESCIENCES CORPORATION -  Integra LifeSciences Corporation is a medical equipment manufacturing company. Integra’s offerings include medical devices for neurosurgery, orthopedic extremity surgery, spine surgery, reconstructive surgery, and general surgery. The product portfolio includes devices and implants for spine, shoulder, elbow, hand, wrist, tendon, foot & ankle, and peripheral nerve repair & protection. The company operates as a subsidiary of Integra LifeSciences Holdings Corporation.

     

  • OSTEOMED  -  OsteoMed operates as a subsidiary of Colson Associates, Inc. The company operates in various business segments, including neurosurgery, orthopedics, SBO upper & lower extremity, reconstructive plastic surgery, podiatry, foot & ankle orthopedics, and oral surgery. The product offerings include a variety of implantable devices used in foot & ankle surgery, craniofacial titanium fixation, and small bone drills & saws.

     

  • AESCULAP -  Aesculap is involved in manufacturing and supplying implants & surgical instruments. It offers surgical instruments, electrosurgery products, cardiovascular instruments, sterile processing products, spine implants, retraction systems, and laparoscopy products. It also offers neurosurgery instruments such as aneurysm clips, cranial fixation, hydrocephalus shunts, dura substitutes, and bipolar forceps. In addition, the company provides services such as surgical equipment repair, surgical instrument tracking & management software, and sterile processing department consulting. Furthermore, its offerings include wound closure products such as tissue adhesives, bone waxes, and surgical sutures. The company operates as a subsidiary of B. Braun Melsungen AG.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Smart Home Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Smart Home Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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