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Overview:
The
global distraction
osteogenesis devices market share, as revealed by Market Research Future
(MRFR) in their latest report, is expected to gain substantial CAGR during the
forecast period (2018-2023). Distraction osteogenesis is a medical procedure
that involves reconstructing any skeletal deformities. The process is also
known as callotasis, callus distraction, osteodistraction, and distraction
histogenesis. Distraction osteogenesis devices find profound application in
orthopedics, maxillofacial, and oral surgery.
Major
factors impacting the distraction osteogenesis devices market are rising cases
of genetic disorders, advancement in technology such as miniaturization of
equipment, rising per capita income can significantly boost the market.
However, failure in following distraction protocol and damages to nerves can
restrain the distraction osteogenesis devices market from having an easy growth
during the forecast period.
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Competitive Landscape:
The
global distraction osteogenesis devices market includes several influential
players to get a better overview of the market dynamics. MRFR, in their report,
enlisted these names and covered their recent updates for a better profiling.
These companies are Zimmer Biomet Holdings, Inc., Johnson & Johnson
Services, Inc., KLS Martin Group, Stryker Corporation, Acumed LLC, Osteomed,
Jeil Medical Corporation, Ortho Max Manufacturing Company Pvt. Ltd.,
Ortho-Care, Ningbo Cibei Medical Treatment Appliance Co., Ltd. and Titamed.
Segmental Analysis:
MRFR’s analysis of the global distraction
osteogenesis devices market is based on device type, age, application, and
end-user. This segmentation aims at providing a better overview of the market
prospects.
Based on the device type, the distraction
osteogenesis devices market can be segmented into mandibular distraction
devices, palatal distraction devices, alveolar distraction devices,
craniofacial distraction devices, Lefort distraction devices, small bone
distraction devices, and others. The market, based on craniofacial distraction
devices, includes external and internal distractors. The external distractors
segment includes bidirectional distractors, unidirectional distractors, and
multiplanar distractors. The internal distractors segment encompasses
bone-borne distractors, tooth-borne distractors, and hybrid distractors.
Based on the age, the distraction osteogenesis
devices market can be segmented into pediatrics and adults.
Based on the application, the distraction
osteogenesis devices market can be segmented into podiatry, dentistry,
orthopedics, and others.
Based on the end-user, the distraction osteogenesis
devices market includes hospitals, orthopedic clinics, and others. The
hospitals segment is having considerable growth.
Regional Analysis:
Based on the region-specific segmentation, MRFR
includes in their analysis of the distraction osteogenesis devices market,
namely, North America, Europe, Asia Pacific (APAC), and the Middle East &
Africa (MEA).
The market in the North America is depending much on
the investment in research and development sector. At the same time, a robust
healthcare sector is providing much opportunity to the market for expansion.
High investment capacity of the region is also a promising sign for the
regional market growth. The presence of several market titans is also giving
the region much-needed boosts.
Europe is the second-largest market and its growth
depends much on the features that are quite similar to that of North America.
Government initiatives and private investment in the region are funding
research and development sector helping them in launching new products and take
the regional market ahead.
The APAC region is getting much favor from China and
India and these two countries are impacting much by having their healthcare
sector revamped. In addition, several major companies are investing in the
region to expand their market. The region is luring them in with subsidies and
affordable labor that would increase their profit margin. The regional growth
is expected to be the fastest amidst its peers during the forecast period.
The MEA market is expected to be one of the least
profitable regions. The Middle East is advancing with countries like Saudi
Arabia and others spending much in the development of the structure. But
Africa, due to the presence of poor economies would lack growth.
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