Distraction Osteogenesis Devices Market insights,Forecast by Type, Price, Regions, Top Players, Trends and Demands 2030
Distraction Osteogenesis Devices Market Overview
The
global distraction
osteogenesis devices market Insights, as revealed by Market Research
Future (MRFR) in their latest report, is expected to gain substantial CAGR
during the forecast period (2022-2030). 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. The global Distraction
Osteogenesis Devices market size is projected to reach US$ 264.7 million at a
CAGR of 4.9% during 2022-2030.
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 market from having an easy growth during the forecast period.
Market Segmentation
MRFR’s
analysis of the global distraction
osteogenesis devices market Outlook 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, market can be segmented into pediatrics and adults.
Based
on the application, the market can be segmented into podiatry, dentistry,
orthopedics, and others.
Based
on the end-user, the 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.
Competitive Landscape:
The
global distraction osteogenesis devices market Players 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.
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