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Artificial Tendons and Ligaments Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 308 | Report ID: MRS1121


Report Description

The global Artificial Tendons and Ligaments market size is estimated at USD 30.8 million in 2020, expanding at a CAGR 14.4% from 2021-2027 to reach 93.6 million USD in 2027.

Market Dynamics

The increasing prevalence of sports injuries, such as ankle sprain, groin pull, hamstring strain, tennis elbow as well as an increase in patient demand for minimally invasive treatments, are two important reasons driving the artificial tendons and ligaments market. For example, according to "Accident and Emergency (A&E) data," around 24.8 million sports injuries were reported in 2019, up 2% from 2018. Patients' lack of understanding and healthcare practitioners’ hesitation to use artificial tendons and ligaments might potentially hamper industry expansion.

Quadriceps weakness, tendon rupture, anterior knee soreness, and loss of complete extension have all been linked to autologous and allogeneic transplants. As a result of the hazards connected with autograft and allograft surgeries, synthetic materials for ligament reconstruction have been developed. Players in the industry, as well as various research organisations, are concentrating their efforts on R&D to develop a unique material that is immune-free and has high tensile strength and abrasion resistance. New synthetic ligament grafts that can integrate with native bones, support the knee, and promote the formation of new ligament tissues are also being developed by researchers.  As a result, increased R&D activities are expected to maintain this industry on a high development path.

Regional Insights

In the forecast period, North America is expected to dominate the global artificial tendons and ligaments market. The region's supremacy is attributable to a number of causes, including an increase in sports injuries and a growing older population. Due to factors such as greater awareness, general acceptance of revolutionary surgical treatments, and adoption of sophisticated healthcare infrastructure in the region, the United States has the biggest market share followed by UK in the Europe.

Segment Insights

The Artificial Tendons and Ligaments market is fragmented into application and end-user segments. Based on the application, the knee injuries segment is anticipated to hold a major share during the forecast period owing to growing incidence of anterior cruciate ligament (ACL) injuries among athletes and sports persons. By end-user, was dominated by hospitals and clinics in 2018 and the segment is expected to exhibit stable growth throughout the forecast period. This is owing to a greater readmission rate caused by surgical procedure problems and a high volume of patient turnover. Furthermore, enabling infrastructure that aids in successful surgeries would increase adoption of these grafts at end-user facilities such as hospitals and clinics.

Competitive Insights

The Artificial Tendons and Ligaments market is highly competitive in nature.  Major players in the industry engage in strategic merger & acquisition, partnership, and new product launches to remain competent in the market. For instance, in February 2020, Olympus Announces Acquisition of FH ORTHO, an International Orthopaedics Company in France to build on its portfolio of innovative and patient-focused solutions that are used in MIS procedures in ligament repair, foot & ankle, and trauma surgery.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Artificial Tendons and Ligaments by application, end-use, and region. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

  • Xiros
  • Orthomed S.A.S.
  • Corin Group
  • Arthrex Inc.
  • Mathys AG Bettlach
  • Olympus
  • Cousin Biotech
  • FX Solutions
  • Stryker Corporation
  • Shanghai Pine & Power Biotech Co., Ltd.
  • Artelon
  • Lars

Application Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

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

End-User Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Hospitals & Clinics
  • Ambulatory Surgery Centres (ASCs)

Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

Frequently Asked Questions

The global Artificial Tendons and Ligaments market size is estimated at USD 30.8 million in 2020, expanding at a CAGR 14.4% from 2021-2027 to reach 93.6 million USD in 2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global Biocontrol Agents market size is expanding at a CAGR 16.4% from 2021-2027 to reach 4.100.8 Million USD in 2027.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The Artificial Tendons and Ligaments market is highly competitive in nature. Major players in the industry engage in strategic merger & acquisition, partnership, and new product launches to remain competent in the market. For instance, in February 2020, Olympus Announces Acquisition of FH ORTHO, an International Orthopaedics Company in France to build on its portfolio of innovative and patient-focused solutions that are used in MIS procedures in ligament repair, foot & ankle, and trauma surgery.

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