Artificial Tendons and Ligaments Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3301
Artificial tendons and ligaments market size is estimated to grow significantly over the forecast period from 2019 to 2025.
The industry should witness significant expansion due to rising incidence of sport injuries and road accidents. Nearly 800,000 injuries related to tendons, ligaments and joint capsules are reported in the U.S. annually. Growing demand for minimal invasive surgical procedures coupled with rising awareness about artificial tendons and ligaments will further boost industry growth.
Growing research activities pertaining to artificial tendons and ligaments will positively impact business growth. Furthermore, ligaments and tendons prove beneficial in avoiding injury related healing problem. Development of superior biomaterials with sophisticated surgical techniques and innovative surgical instruments has escalated adoption rate of artificial tendons and ligaments.
Artificial tendons and ligaments are generally used as a substitute to orthobiologics to avoid occurrence of risks associated with the use of orthobiologics. However, unfavorable reimbursement scenario, prohibitive procedure cost and reluctance of health providers to use artificial tendons and ligaments will hamper industry size expansion over the forthcoming years.
Based on application, the industry is segmented into shoulder injuries, knee injuries, foot and ankle injuries and others. Knee injuries held largest market share in 2018 and is forecasted to continue similar trend over the forecast period. Growing participation of people in athletics and sports activities coupled with rising awareness about benefits delivered by artificial ligaments and tendons will drive the segmental growth.
U.S. artificial tendons and ligaments market will grow considerably due to increasing number of people suffering from sports injuries, resulting in growing adoption by athletes and sportsperson, thereby enabling industry expansion during the forecast period. Growing healthcare expenditure, rising awareness and presence of major industry players in the country will positively impact industry growth.
Increasing awareness and numerous initiatives undertaken through workshops, conferences, meetings, symposia to raise awareness regarding innovative sports technologies along with growing number of knee replacements procedures and sports-related injuries will drive Germany artificial tendons and ligaments market over the coming years. High technological adoption will act as high impact rendering factor for business growth in Germany.
Few notable industry players functional in the market include Artelon, Corin, FX Solutions, Orthomed S.A.S., Mathys AG Bettlach, Neoligaments, LARS, Cousin Biotech, and Shanghai Pine & Power Biotech Co., Ltd. Industry players are focusing on strategic alliances and partnership coupled with new product launch to expand their business portfolio and escalate their position in the market.
Artificial tendons and ligaments by application, 2014-2025 (USD Million)
- Shoulder injuries
- Knee injuries
- Foot and ankle injuries
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- FX Solutions
- Orthomed S.A.S.
- Mathys AG Bettlach
- Neoligaments (a division of Xiros)
- Cousin Biotech
- Shanghai Pine & Power Biotech Co., Ltd.
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