- Press Release
- Distraction Osteogenesis Devices Market to Surpass US$ 348.2 Million by 2027
Distraction Osteogenesis Devices Market to Surpass US$ 348.2 Million by 2027 - Coherent Market Insights
Published On : Mar 12, 2020
Global Distraction Osteogenesis Devices Market, by Device Type (Mandibular Distraction Devices, Palatal Distraction Devices, Alveolar Distraction Devices, Cranial Distraction Devices, LeFort Distractor Devices, Small Bone Distractor Devices, and Others), by Placement (Internal Distractors and External Distractors), by End User (Hospitals, Orthopedic Clinics, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), was valued at US$ 228.3 million in 2018 and is expected to exhibit a CAGR of 4.9% over the forecast period (2019-2027), as highlighted in a new report published by Coherent Market Insights.
The rising development and launch of technologies by key players, which would help surgeons to make critical preoperative decisions and allow efficient execution of the procedures, for achieving desirable patient outcomes are expected to propel the market growth over the forecast period. For instance, in March 2019, Stryker Corporation introduced the new 1688 visualization platform designed to enhance orthopedic surgical efficiency and patient experience.
The rising prevalence of cleft palate among children is expected to augment the market growth over the forecast period. For instance, in 2016, according to reports published in the Brazilian Journal of Oral Sciences, prevalence of nonsyndromic cleft lip with or without cleft palate is estimated to be 0.36 to 1.54 per 1,000 live births in Brazil.
Also, initiatives by several organizations for providing surgical care for facial deformities is a major factor propelling the market growth. For instance, the World Craniofacial Foundation links families in great need with medical professionals in every continent to ensure that the children with facial deformities receive high surgical and medical care. The foundation has transformed the lives of children with international expertise and medical resources.
Browse 35 Market Data Tables and 17 Figures spread through 169 Pages and in-depth TOC on ‘Distraction Osteogenesis Devices Market, by Device Type (Mandibular Distraction Devices, Palatal Distraction Devices, Alveolar Distraction Devices, Cranial Distraction Devices, LeFort Distractor Devices, Small Bone Distractor Devices, and Others), by Placement (Internal Distractors and External Distractors), by End User (Hospitals, Orthopedic Clinics, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2027”
To know the latest trends and insights prevalent in the distraction osteogenesis devices market, click the link below:
https://www.coherentmarketinsights.com/market-insight/distraction-osteogenesis-devices-market-1172
North America is expected to hold dominant position in the distraction osteogenesis devices market over the forecast period, owing to rising number of cleft palate and other bone defects in the region. According to the Centers for Disease Control and Prevention, 2019, around 1 in every 1,600 babies are born with cleft lip with cleft palate each year in the U.S.
Asia Pacific is expected to witness significant growth in the distraction osteogenesis devices market over the forecast period, owing to rising expansion and investment by the market players, to expand their customer base and geographical presence in the region. For instance, in 2016, KLS Martin Group opened its Indian subsidiary, KLS Martin India Private Limited in Chennai, with the aim of expanding its presence in Asia Pacific. Also, organizations such as Inga Health Foundation India run three centers to treat skull and facial deformities in children across the country, which is expected to help in reducing the prevalence of craniofacial deformities. According to a survey by INGA Health Foundation in 2016, craniofacial abnormalities occur in one out of every 2,000 newborns. Around 15,000 infants with craniofacial deformities are born every year, whereas cleft palate affects one in every 600 births in India.
Key Takeaways of the Distraction Osteogenesis Devices Market:
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