Global Artificial Tendons and Ligaments Market by Application By End-use as well as By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

The artificial tendons and ligaments market is expected to index a valuation of USD 68.46 million from a value of USD 25.92 million registered in 2021. Over the course of this forecast timeline, the global artificial tendons and ligaments market is slated to index a CAGR of 10.2%.

The increasing prevalence of injuries in sports drives this market. Sports injuries are often caused by improper equipment, bad training, improper practice, inadequate warm-up, stretching, or the absence of conditioning. Sports injuries commonly seen in athletes include groin pulls, hamstring strains, ACL tears, tennis elbow, and hamstring strains.

This market report gives a detailed analysis of the timber market size, share, competitive landscape,  growth, key trends, and other major factors.

Global Artificial tendons and ligaments Market Scope:

Application analysis

Due to the growing number of ACL injuries in athletes and other sportspeople, the knee injury segment is expected to account for a significant share over the forecast period. In the future, this segment will grow due to improvements in ACL reconstruction techniques that are more efficient. Other applications include hip dislocations, elbow injuries, spinal injuries, and other injuries. This segment is also expected to grow significantly due to a rise in total femoral tumor resections & prosthetic replacement processes owing to their high success rate. This segment includes IntraSpine and NAJA, InternalBrace, Arthrex, LARS, Cousin Biotech, and IntraSpine. This segment is also slated to be driven by a growing geriatric population. Aging can lead to weak bones, soft connective tissue conditions like ligaments and torn tendon wear & tear, and cartilage wear & tear.

End-use analysis

Based on end-use, the hospitals & clinics sub-segment accounted for most of the global artificial ligaments market in 2021. Over the forecast period, this segment is anticipated to grow steadily. Increasing complications following surgery can be blamed for the higher readmission rates and high patient turnover rates. The acceptance of these grafts in hospitals & clinics will also increase with the development of supportive infrastructure that aids in successful operations. Due to the rising number of government measures to encourage surgical facilities, the hospitals & clinics industry is expected to continue to expand. This is anticipated to increase the efficiency of healthcare facilities and lead to rapid positive outcomes. This segment’s dominant ligament market share results from leading players and orthopedic clinics working together to increase public awareness about sports injuries. With increased ankle and shoulder surgeries at ASC and related outpatient clinics in hospitals, the Outpatient Surgery Center sub-segment is expected to achieve profitable economic growth over the projected timeline. In the near future, a greater awareness of minimally invasive surgeries is also expected to increase.

Кеу Маrkеt Ѕеgmеntѕ:

By Application:

• Knee Injuries
• Shoulder Injuries
• Foot and Ankle Injuries
• Others

By End-Use:

• Hospitals & Clinics
• Ambulatory Surgery Centers

Market Dynamics:

Many people are unaware of safety precautions that can be used to prevent injuries in sports. According to the Parliament of England (A&E) statistics, there were 165,000 sports-related injuries in England’s A&E departments in 2016. Additionally, the increasing popularity of minimally invasive surgeries, government initiatives relevant to sports injuries, and advancements in surgical techniques are expected to lead to greater adoption of synthetic tendons and ligaments for knee, ankle, and tendon reinforcement procedures. Allogeneic and autologous grafts can cause complications like tendon rupture, quadriceps weakness, and loss of full extension. The risks involved in autograft and allograft procedures have led to the creation of synthetic materials for ligament reconstruction. Market players and research organizations are now focusing their R&D efforts on discovering new materials that are immune-free, have a high-tensile strength, and are resistant to abrasion. Researchers are also developing new synthetic ligament grafts to integrate with native bone, stabilize the knee, and encourage the stable growth of new ligament tissue.

Regional Analysis

North America accounted for 34.2% of this market’s largest share in 2021. This was due to increasing consumer acceptance and better knowledge about artificial grafts for various sports injuries. The presence of major regional players will also stimulate market growth. France, Germany, and the United Kingdom are Europe’s largest markets. They accounted for more than 59% of all income in 2018. Because more people participate in sports in Europe, this has resulted in increased Anterior Cruciate Ligament (ACL) ruptures. According to a 2017 Health Economics Review paper, Germany treats approximately 30,000 ACL ruptures annually. As per a 2017 Health Economics Review paper, the hospital costs in Germany are US$129.61 million. APAC is expected to experience significant market expansion over this forecast period. This industry is driven by significant investments in R&D by international market leaders and growing public awareness concerning artificial tendons, ligaments, and ACL surgeries. China and India are expected to expand at a rapid pace, however, Australia & Japan have established markets in this area. Orthopedic surgery involving the knee, ankle, and shoulder often uses autologous, allogenic ligaments. Despite the fact that LARS artificial ligament is widely used in Canada & other European countries, the U.S. FDA is yet to approve the same.

Key Regions and Countries Covered іn This Rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Corin Group, Xiros Ltd. (Neoligament), and Mathys AG Bettlach are three of the most notable industry players. To boost their respective market position, these businesses are now concentrating on growing their circulation networks, R&D facilities, and given geographic reach. They participate in conferences to display their goods and expand their clientele. Orthomed S.A.S., Arthrex Inc., Olympus, Cousin Biotech, FX Solutions, and Stryker Corporation are other key players in this market.

Маrkеt Кеу Рlауеrѕ:

• Corin Group
• Xiros Ltd. (Neoligament)
• Mathys AG Bettlach
• Orthomed S.A.S.
• Arthrex Inc.
• Olympus
• Cousin Biotech
• FX Solutions
• Stryker Corporation
• Other Key Players

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For the Artificial Tendons and Ligaments Market research study, the following years have been considered to estimate the market size: