Collateral Ligament Stabilizer System Market

Report Overview

The Collateral Ligament Stabilizer System Market size is expected to be worth around USD 3394.8 million by 2032 from USD 1808.5 million in 2022, growing at a CAGR of 6.5 during the forecast period from 2023 to 2032.

In the next few years, the growing geriatric population will drive demand for Collateral Ligament Stabilizer Systems market growth.

Global Collateral Ligament Stabilizer System Market Scope:

Ligament Analysis:

The Medial Collateral Ligament market growth segment represented 55.00% of this market in 2021. Due to the major market players who are creating and marketing new items, this market segment has experienced tremendous expansion. Athletes who play contact sports with abrupt changes in direction or speed may also experience MCL impairment. They can also happen when ligament tears and overstretches because it cannot sustain a force. The MCL segment will experience profitable expansion as a result of an increase in MCL injuries. Throughout the projected period, the Lateral Collateral Ligament market is anticipated to grow steadily. Due to their associated benefits, LCL stabilizers are anticipated to see expanded use in sports, home care, and emergency medicine.

Due to the introduction of new products to the market opportunities, the Lateral Collateral Ligament segment represents a growth rate of 5.6% CAGR. LCL injury is quite common because it’s located outside the knee. It is more probable than not to cause knee uncertainty. These systems are essential to stabilize the knee in the event of a knee injury. These factors will increase the segment’s revenue.

Injuries Type Analysis:

Grade 3 injuries represented the largest percentage in 2021. The demand for the use of CLSS is growing as a result of the rise in these types of injuries. Surgery is necessary for grade 3 injuries. The LCL or MCL may need to be replaced in serious situations. Sports trauma has increased, which can be ascribed to the sharp increase in grade 2 injuries. Here, a partial ligament tear results in the ligament losing strength. Due to an increase in grade 2 injuries, this market trend is anticipated to expand.

Doctors advise patients to use knee stabilizers and knee supports rather than knee orthopedic surgery. The need for grade 2 injury stabilizers will be driven by these factors going forward.

The basis of ligament type stretches slightly after a grade 1 injury segment. Conservative therapy can be used to treat certain injuries instead of surgery. Because they recover quickly—generally within two to three weeks—grade 1 injuries are frequently not reported. Compared to other types of injuries, grade 1 injuries are less frequently treated using CLSS products. It is anticipated that the grade 1 injury category would keep expanding steadily.

End-Use Analysis:

The hospital segment predominated in the CLSS sector. For a variety of Sports-Related injuries, hospitals provide a wide choice of treatment options. Along with other Medicare-related operations, hospitals also provide prompt payments for knee and hip surgery. Throughout the projected period, the hospital category is anticipated to expand moderately.

Orthopedics has become the main end-use segment within the CLSS market because of the rise in the number of orthopedic clinics. Due to a growth in the incidence of chronic diseases, orthopedic diseases including musculoskeletal disorders and other chronic problems as well as an increase in the number of trauma cases, this category also retains the highest dominant share.

Braces and supports are in high demand due to an increase in orthopedic patients. This market also includes online pharmacies and physiotherapy clinics. It is expected that it will rise in demand at an impressive pace. To speed up healing, these clinics recommend patients use collateral ligament stabilizer devices and/or demand knee braces. Many braces can be used to treat injuries sustained in athletic activities, such as at health clubs, gyms, and the trend of sports activities. This market is expected to expand due to electronic commerce becoming more popular.

Key Market Segments:

Ligament

• Medial Collateral Ligament
• Lateral Collateral Ligament

Injury Type

• Grade 1
• Grade 2
• Grade 3

End-User Segments

• Hospitals
• Orthopedic Clinics
• Others

Market Dynamics:

The U.S. Census Bureau report states that the U.S. population aged 65 or older reached approximately 54.1 million in 2019, and will reach more than 98 million by 2060. As the number of people over 65 continues to rise, it is expected that there will be an increase in the prevalence of arthritis and other joint disorders conditions. This is because the knee ligaments are weaker and more susceptible to injury. Over the forecast period, this key factor will drive demand for these systems.

Industry growth opportunities are expected to be driven by a rise in sports-related trauma. Muscle sprains and strains, ligament tears, trauma, dislocated bones, and fractured bones are the most common types of sports injuries.

A rise in road accidents is another major factor that drives the demand for CLSS. According to the World Health Organization, nearly 10 million people are disabled or injured each year due to occurrences of road accidents. A rise in road accidents results in a greater increase in demand for knee surgery braces and support for pain management. This leads to increased adoption.

Regional Analysis:

North America was the dominant market penetration for collateral ligament stabilizer system demand. It accounted impact for 45% of the total revenue in 2021. This is due in part to the rise in the sports injuries segment. The increasing number of reported common sports injuries is the reason. This has resulted in an increase in CLSS requests and a boost to the region’s economic growth. The overall growth of North America’s CLSS market is due to the elderly population, advanced reimbursement systems, and other factors.

Asia Pacific will see 7.9% growth due to a large number of elderly people. This indicates that there is a lot of socioeconomic strain. Market expansion is expected to be fueled by many variables such as undiscovered potential and an increase in chronic disorders and conditions like osteoarthritis. There will also be an increase in accident and trauma cases. Innovative products will be developed by key trends with market players. China, Japan, and India dominate the APAC region.

Key Regions and Countries Covered іn thе 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
• Latin America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of the Middle East & Africa

Largest Share & Key Market Players Analysis:

Due to an increase in collateral ligament injury impairments, and the demand for faster and better treatment of knee injuries, the CLSS market is expanding. Many medical practitioners and device manufacturers, both local and international, are willing to invest in this market because of the high demand.

Ossur, DJO Global, DePuy Synthesis, Bauerfeind, and DeRoyal Industries, Inc. are some of the major players in this market share. This market’s competition has led to improvements in existing product lines as well as the development of new products. This has provided increased safety and comfort for patients.

Over the forecast period, the industry size will see increased competition due to the increase in players. In the near future, the industry will experience high levels of the competitive landscape.

Market Key Players:

• DePuy Synthes Company
• Аrthrех
• Bauerfeind USA Inc.
• Bauerfeind AG
• Bayer HealthCare AG
• DЈО Glоbаl
• DeRoyal Industries, Inc.
• Оѕѕur
• DARCO International, Inc.
• Seabourne Group, Ltd.

Other Key Players

For the Collateral Ligament Stabilizer System Market research study, the following years have been considered to estimate the market size: