Global Artificial Tendons and Ligaments
Market Report
2024
Artificial Tendons and Ligaments market size is USD 69.1 million in 2024 and will expand at a compound annual growth rate (CAGR) of 10.00% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Artificial Tendons and Ligaments market size is USD 69.1 million in 2024 and will expand at a compound annual growth rate (CAGR) of 10.00% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Artificial Tendons and Ligaments Market Sales Revenue 2024 | $ 69.1 Million |
Global Artificial Tendons and Ligaments Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 10% |
Market Split by Application |
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Market Split by End-use |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Artificial Tendons and Ligaments Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Artificial tendons and ligaments are connective tissues that are used for the reconstruction of damaged tendons and ligaments due to injuries. The growing number of medical research activities with an increase in the number of injuries all over the world is likely to stimulate the growth of the market. The aging population and the associated demand for orthopedic surgeries, the increasing prevalence of minimally invasive surgeries, and the increasing incidence of sports injuries due to poor training practice, insufficient warm-up, accidents, and improper equipment drives the market growth. Also, the pool of the elderly population is seeing remarkable growth. The geriatric population above the age of 45 years has problems with weak bones and soft connective tissues like tendons and ligament tears. This problem results in greater risk factors for the development of knee-related worries. Hence the population with growing age is also anticipated to boost the segment. On the other hand, replacing the ligament with an artificial ligament needs professional surgeons to carry out the operations which makes this process expensive. Also, many healthcare providers are unwilling to use artificial ligament as it requires detailed and specific surgery. The unavailability of specialized surgeons to carry out complicated operations hinders market growth.
Sports such as playing basketball, football, hockey, athletics, and others can cause tendon and ligament injuries. While playing these games, the common ligament injuries occur in the knee, ankle, shoulder, wrist, and thumb. For instance, according to the National Safety Council, 3.2 million patients were treated in emergency departments in 2021 for injuries brought on by sporting and recreational equipment, a 20% rise from the previous year. Exercise, cycling, and basketball are the sports that cause injuries the most commonly. Further, one of the common sports injuries is a tear in the scapholunate interosseous ligament (SLIL) especially in sports involving bikes. This SLIL ligament is situated in the region of the wrist between the scaphoid and lunate carpal bones. Hence the use of artificial ligament materials can fix the damaged ligaments. This helps to reconnect them and facilitate the movements of bones. Such a rise in the incidence of sports injuries resulting from poor training practice, insufficient warm-up, accidents, and improper equipment drives the market growth.
Artificial ligaments are suitable for body parts including the knee, foot, ankle, shoulder, and others. These ligaments are artificially made and require skilled people to carry out surgeries. Replacing the ligament with an artificial ligament needs professional surgeons to carry out the operations which makes this process expensive. Many healthcare providers are unwilling to use the artificial ligament as it requires detailed and specific surgery. Hence, the costly treatment and also lack of enthusiasm for medical management restrain the artificial tendons and ligaments market growth.
COVID-19 had a significant impact on the expansion of the market. The pandemic outbreak increased the demand for artificial tendons and ligaments as the COVID infection led to muscle damage. The skeletal muscle in SARS-CoV-2 infected patients is more prominent affected by muscle damage according to the article titled " Unravelling Muscle Impairment Associated with COVID-19 and the Role of 3D Culture in its Investigation " published in February 2022. Thus COVID-19 boosted the market growth during the pandemic period. Owing to the stringent guidelines by the regulatory authorities to avoid all non-emergent surgeries, the number of surgeries has significantly decreased during the pandemic. The article titled " The impact of COVID-19 on emergency general surgery admissions and operative volumes: A single-centre experience," published in the National Institute of Health in October 2021, there has been a 42.7% decrease in surgery admission across the whole globe. Thus, the market has been significantly impacted by COVID-19.
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In October 2020, FH Ortho Inc., a long-standing, well-respected manufacturer of innovative orthopedic devices, proudly announced the U.S. launch of the Arrow Prime Advanced Instrumentation for shoulder arthroplasty.
(Source: https://www.fhortho.com/us/products-2/fh-ortho-announces-the-us-launch-of-arrow-prime-advanced-instruments-for-shoulder-arthroplasty/)
Top Companies Market Share in Artificial Tendons and Ligaments Industry: (In no particular order of Rank)
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Growing product adoption, along with high consciousness about artificial grafts for treatment of various sports injuries, Europe held the largest revenue market share in 2022. Moreover, the presence of major key players in the region will boost the market. For example, in the U.K., Xiros Ltd manufactures the Leeds-Keio ligament, the Corin Group distributes LARS ligaments as well as the Patellar Tape System and Jewel ACL products (under the brand name Neo ligaments). The important European markets of France, Germany, and the U.K. collectively provided more than 60.1% of the revenue in 2022 as a result of an increase in the incidence of anterior cruciate ligament (ACL) ruptures against the backdrop of greater engagement in sports.
The market in Asia Pacific is anticipated to grow at a significant rate during the forecast period. The market is driven by rising awareness about the use of artificial tendons and ligaments for ACL procedures as well as considerable research and developmental investments by key global market players Corin Group; Xiros Ltd; Mathys AG Bettlach. In addition, Australia and Japan are well-established markets in the region while China and India are anticipated to register high growth over the forecast.
The current report Scope analyzes Artificial Tendons and Ligaments Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Artificial Tendons and Ligaments Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Artificial Tendons and Ligaments Industry growth. Artificial Tendons and Ligaments market has been segmented with the help of its Application, End-use , and others. Artificial Tendons and Ligaments market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Knee Injuries segment is projected to grow at the highest CAGR during the forecast period, from 2023 to 2030:
One among the four major ligaments is the Anterior Cruciate Ligament (ACL) that connects the bones and is important for stabilizing ligament of the knee. It is frequently injured due to the rise in physical exercise among children and adults, growing interest in professional sports, and an increase in the number of athletes which is expected to increase the prevalence of knee injuries. According to the National Institutes of Health (NIH), by 2022, there will be about 100,000 and 200,000 ACL injuries every year in the America alone. The knee injuries segment generated maximum revenue in 2022 and is expected to witness the highest CAGR during the forecast period.
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The hospitals & clinics segment held the largest market share in 2022. The complications arising from surgical procedures and the high volume of patients can be attributed to a higher readmission rate. In addition, supportive infrastructure, which helps in successful surgeries, will boost the adoption of these grafts at hospitals and clinic end-user facilities. A growing number of government initiatives to promote surgical facilities to improve healthcare effectiveness and provide quick results will further fuel the hospitals and clinics segment. Collaboration of key players and orthopedic clinics to create awareness about sports injuries and available treatments is another factor responsible for the growth of this segment.
The ambulatory surgery centers (ASCs) segment is expected to expand at a remunerative rate throughout the forecast period owing to the rising number of ankle and shoulder-related surgeries performed in ambulatory surgery centers and hospital-attached outpatient units. Moreover, rising awareness regarding minimal invasive surgeries will boost the growth of the market in the near future.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Artificial Tendons and Ligaments market report 2024 Edition by contacting our team.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Artificial Tendons and Ligaments Market is witnessing significant growth in the near future.
In 2023, the Shoulder Injuries segment accounted for noticeable share of global Artificial Tendons and Ligaments Market and is projected to experience significant growth in the near future.
The Ambulatory Surgical Centres segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Corin Group , Arthrex Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Application | Shoulder Injuries, Foot & Ankle Injuries, Knee Injuries, Others |
End-use | Ambulatory Surgical Centres, Hospitals, Others |
List of Competitors | Corin Group, Artelon, Arthrex Inc., Enovis., FX-Global Inc., Exactech Inc., Group FH Communication, Integra Lifesciences, Neoligaments, Stryker Corporation |
This chapter will help you gain GLOBAL Market Analysis of Artificial Tendons and Ligaments. Further deep in this chapter, you will be able to review Global Artificial Tendons and Ligaments Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Artificial Tendons and Ligaments Market Trends North America Artificial Tendons and Ligaments Technological Road Map North America Artificial Tendons and Ligaments Market Drivers North America Artificial Tendons and Ligaments Market Restraints North America Artificial Tendons and Ligaments Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Application Analysis 2019 -2031, will provide market size split by Application. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Application Analysis 2019 -2031
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Chapter 11 Market Split by End-use Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Artificial Tendons and Ligaments market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Shoulder Injuries have a significant impact on Artificial Tendons and Ligaments market? |
What are the key factors affecting the Shoulder Injuries and Foot & Ankle Injuries of Artificial Tendons and Ligaments Market? |
What is the CAGR/Growth Rate of Ambulatory Surgical Centres during the forecast period? |
By type, which segment accounted for largest share of the global Artificial Tendons and Ligaments Market? |
Which region is expected to dominate the global Artificial Tendons and Ligaments Market within the forecast period? |
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