Home > Healthcare & Medical Devices > Artificial Tendons and Ligaments Market
Artificial Tendons and Ligaments Market size is predicted to witness substantial growth between 2023 and 2032. Artificial tendons and ligaments are basically biological implants that are used for the reconstruction of damaged tendons and ligaments. An increasing number of medical research activities across various countries worldwide is expected to accelerate the development of new implants.
High spending on orthopedic solutions and the rising number of sports injuries could elevate market gains over the forecast timeframe. According to a survey, the clinical orthopedic business as a whole spends tens of billions of dollars annually on ligament and tendon rupture repair and surgery revision.
According to end-use, the hospitals and clinics segment is anticipated to generate profitable revenue by 2032. The increased frequency of tendon repairs in outpatient settings with brief hospital stays is a primary factor driving artificial tendons and ligaments market expansion. Tendon grafts are one of the various devices needed for repair which are used in severe injuries by surgeons. Clinics and hospitals offer a wide range of reconstruction and repair services that are expected to influence market development.
In terms of application, the knee injuries segment is predicted to observe robust progression due to the increase in cases of anterior cruciate ligament (ACL) injuries. These accidents typically happen while playing sports that involve a lot of jumps, quick starts, and hard stops. It is claimed that more than 70% of ACL tears take place without a hit or other form of contact with the knee. According to statistics, one in every 3,000 Americans suffers from an ACL injury. The rising inclination towards sports and other physical activities is anticipated to influence the knee injuries segment value in the coming years.
By geography, the North America artificial tendons and ligaments market is forecasted to record promising growth through 2032. The prevalence of multiple tendon replacement alternatives and the regulatory approvals are attracting people to consider opting for artificial tendons and ligaments.
LARS, Orthomed S.A.S., Artelon, FX Solutions, Mathys AG Bettlach, Cousin Biotech, Neoligaments, Corin, and Shanghai Pine & Power Biotech Co., Ltd., among others are leading players in the artificial tendons and ligaments market.