Artificial Tendons and Ligaments Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
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.)
Table Of Content
1. Artificial Tendons and Ligaments Market Overview
1.1. Product Overview and Scope of Artificial Tendons and Ligaments
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Artificial Tendons and Ligaments Market Size Growth Rate Analysis by Application 2020 VS 2027
1.3.1. Knee Injuries
1.3.2. Foot and Ankle Injuries
1.3.3. Shoulder Injuries
1.3.4. Others
1.4. Global Artificial Tendons and Ligaments Comparison by End Use: 2020 VS 2027
1.4.1. Hospitals and Clinics
1.4.2. Ambulatory Surgery Centers (ASCs)
1.5. Global Artificial Tendons and Ligaments Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.5.1. North America Artificial Tendons and Ligaments Estimates
1.5.2. Europe Artificial Tendons and Ligaments Estimates
1.5.3. Asia Pacific Artificial Tendons and Ligaments Estimates
1.5.4. South America Artificial Tendons and Ligaments Estimates
1.5.5. Middle East & Africa Artificial Tendons and Ligaments Estimates
2. Market Competition by Manufacturers
2.1. Global Artificial Tendons and Ligaments Revenue Market Share by Manufacturers (2020)
2.2. Artificial Tendons and Ligaments Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Artificial Tendons and Ligaments Average Price by Manufacturers (2020-2027)
2.4. Manufacturers Artificial Tendons and Ligaments Production Sites, Area Served, Product Types
2.5. Artificial Tendons and Ligaments Market Competitive Situation and Trends
2.5.1. Artificial Tendons and Ligaments Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Artificial Tendons and Ligaments Consumption by Region (2020-2027)
3.1. Global Artificial Tendons and Ligaments Consumption by Region
3.2. Global Artificial Tendons and Ligaments Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Artificial Tendons and Ligaments Consumption Growth Rate (2020-2027)
3.2.3. North America Artificial Tendons and Ligaments Consumption, Price and Gross Margin (2020-2027)
3.2.4. North America Artificial Tendons and Ligaments Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Artificial Tendons and Ligaments Consumption Growth Rate (2020-2027)
3.2.7. Europe Artificial Tendons and Ligaments Consumption, Price and Gross Margin (2020-2027)
3.2.8. Europe Artificial Tendons and Ligaments Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Artificial Tendons and Ligaments Consumption Growth Rate (2020-2027)
3.2.11. Asia Pacific Artificial Tendons and Ligaments Consumption, Price and Gross Margin (2020-2027)
3.2.12. Asia Pacific Artificial Tendons and Ligaments Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Artificial Tendons and Ligaments Consumption Growth Rate (2020-2027)
3.2.15. South America Artificial Tendons and Ligaments Consumption, Price and Gross Margin (2020-2027)
3.2.16. South America Artificial Tendons and Ligaments Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Artificial Tendons and Ligaments Consumption Growth Rate (2020-2027)
3.2.19. Middle East and Africa Artificial Tendons and Ligaments Consumption, Price and Gross Margin (2020-2027)
3.2.20. Middle East and Africa Artificial Tendons and Ligaments Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Artificial Tendons and Ligaments Consumption by Application (2020-2027)
4.1. Global Artificial Tendons and Ligaments Price by Application (2020-2027)
4.2. Global Artificial Tendons and Ligaments Revenue Market Share by Application (2020-2027)
4.2.1. Knee Injuries
4.2.2. Foot and Ankle Injuries
4.2.3. Shoulder Injuries
4.2.4. Others
5. Global Artificial Tendons and Ligaments by End Use (2020-2027)
5.1. Global Artificial Tendons and Ligaments Price by End Use (2020-2027)
5.2. Global Artificial Tendons and Ligaments Revenue Market Share by End Use (2020-2027)
5.2.1. Hospitals and Clinics
5.2.2. Ambulatory Surgery Centers (ASCs)
6. Key Companies Profiled
6.1. Xiros
6.1.1. Xiros Artificial Tendons and Ligaments Corporation Information
6.1.2. Xiros Artificial Tendons and Ligaments Product Portfolio
6.1.3. Xiros Artificial Tendons and Ligaments Consumption, Price and Gross Margin (2020-2027)
6.1.4. Xiros Main Business and Markets Served
6.1.5. Xiros Recent Developments/Updates
6.2. Orthomed S.A.S.
6.3. Corin Group
6.4. Arthrex Inc.
6.5. Mathys AG Bettlach
6.6. Olympus
6.7. Cousin Biotech
6.8. FX Solutions
6.9. Stryker Corporation
6.10. Shanghai Pine & Power Biotech Co., Ltd.
6.11. Artelon
6.12. Lars
7. Marketing Channel, Distributors and Customers
7.1. Marketing Channel
7.2. Artificial Tendons and Ligaments Distributors List
7.3. Artificial Tendons and Ligaments Customers
8. Market Dynamics
8.1. Artificial Tendons and Ligaments Industry Trends
8.2. Artificial Tendons and Ligaments Growth Drivers
8.3. Artificial Tendons and Ligaments Market Challenges
8.4. Artificial Tendons and Ligaments Market Restraints
9. Global Artificial Tendons and Ligaments Consumption and Demand Forecast, by Region (2022-2027)
9.1. Global Forecasted Demand Analysis of Artificial Tendons and Ligaments, by Regions and Country
9.1.1. North America Forecasted Consumption of Artificial Tendons and Ligaments by Country
9.1.2. Europe Market Forecasted Consumption of Artificial Tendons and Ligaments by Country
9.1.3. Asia Pacific Market Forecasted Consumption of Artificial Tendons and Ligaments by Region
9.1.4. Latin America Forecasted Consumption of Artificial Tendons and Ligaments by Country
9.1.5. Middle East and Africa Forecasted Consumption of Artificial Tendons and Ligaments by Country
10. Global Artificial Tendons and Ligaments Consumption and Demand Forecast, by Device Segments (2022-2027)
10.1. Global Forecasted Consumption of Artificial Tendons and Ligaments by Device Segments (2022-2027)
10.2. Global Consumption and Price Forecast by Device Segments (2022-2027)
10.3. Global Forecasted Growth Rate of Artificial Tendons and Ligaments by Device Segments (2022-2027)
11. Research Finding and Conclusion
12. Methodology and Data Source
12.1. Methodology/Research Approach
12.1.1. Research Programs/Type
12.1.2. Market Size Estimation
12.1.3. Market Breakdown and Data Triangulation
12.2. Data Source
12.2.1. Secondary Sources
12.2.2. Primary Sources
12.3. Author List
12.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
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- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
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