Custom implants for the skull projected to climb at double-digit rates,
according to Millennium Research Group
WALTHAM, Mass., May 22 /PRNewswire/ -- According to Millennium Research Group's (MRG) US Markets for Craniomaxillofacial (CMF) Devices 2008 report, the plate and screw fixation market will grow from just under $200 million in 2007 to nearly $300 million in 2012, driven in part by the increasing use of custom implants manufactured to meet a patient's specific anatomical need. Through 2012, the custom implant segment will expand considerably, growing at a compound annual growth rate of nearly 15%.
Custom implant devices are better able to treat abnormal CMF defects or trauma, which will raise the popularity of the implants. Penetration of custom plate and screw devices has been greatly propelled by the Iraq war. Soldiers who sustain large or atypical wounds to the face or cranium require individualized fixation or reconstruction. Because custom devices are built to fit a patient's specific anatomical need, they provide a more effective means of treating difficult cases than traditional stock plates.
"Despite the relatively high cost per procedure which limits demand, custom plates will continue to penetrate the market," says Melissa Hussey, Analyst at Millennium Research Group. "The superior fit these implants provide improves healing and bone regrowth better than traditional plates, which will contribute to market increases over the next five years."
The US Markets for Craniomaxillofacial Devices 2008 report covers the CMF plate and screw fixation, bone graft substitutes (BGS), cranial flap fixation, facial distraction, and temporomandibular (TMJ) replacement markets. Industry competitors include Aesculap, Biomet, DePuy, KLS Martin, Medtronic, OsteoMed, Stryker, Synthes, TMJ Concepts, and TMJ Implants.
About Millennium Research Group
Millennium Research Group (http://www.MRG.net), a Decision Resources, Inc. company (http://www.DecisionResources.com), is the global authority on medical technology market intelligence and a leading provider of strategic information to the health care sector. Focused solely on the medical device, pharmaceutical, and biotechnology industries, the company provides its clients with the benefits of its specialized industry expertise through published reports and customized consulting services.
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|SOURCE Millennium Research Group|
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