San Francisco, 18 March 2019: The Report Artificial Tendons and Ligaments Market Analysis Report By Application (Knee Injuries,
Shoulder Injuries, Foot & Ankle Injuries), By End Use (Hospitals &
Clinics, ASCs), And Segment Forecasts, 2019 - 2025
The global artificial tendons and ligaments market size is anticipated to reach USD 39.7 million by 2025 at
an 11.3% CAGR during the forecast period, according to a new report by Grand
View Research, Inc. Adoption of artificial grafts is on a rise owing to several
benefits over autologous and allogenic grafts, such as high tensile strength,
no immune reaction, and abrasion resistance. Increase in number of sports
injuries, coupled with rising government efforts to create awareness about
sports injuries and available medical reimbursements, is anticipated to fuel
market growth.
For instance, the Government of Finland in
collaboration with UKK Institute has been conducting a ‘LiVE-program’ since
2016 to improve safety in sports increase awareness about injury risks, sports
training, and content of physical activity sessions. Over the past several
decades, increase in participation of children and adolescents has been
observed in various sports such as football, soccer, bicycles, handball,
basketball, and volleyball. Moreover, increase in awareness about physical
fitness among people will contribute to market growth.
Other factors likely to contribute to
market growth include rising preference for minimally invasive surgery,
continuous advancements in surgical procedures, and growing funding and
research activities to develop novel materials for synthetic tendons and
ligaments. Moreover, positive outcomes reported through various clinical trials
pertinent to usage of artificial ligaments will accelerate growth in the near
future. For instance, according to a study published in 2017 in NCBI, patients
treated with artificial ligament after femoral tumor resection and
reconstruction procedures exhibited a more stable hip joint and more active
range of movement as compared to patients who did not received a synthetic
ligament.
Access Research Report of Artificial Tendons & Ligaments
Market @ https://www.grandviewresearch.com/industry-analysis/artificial-tendons-ligaments-market
Further key findings from the report suggest:
· The knee injuries segment held a major
share in 2018 owing to increase in incidences of knee injuries, coupled with
faster recovery observed with the use of artificial ligaments in comparison to
autologous or allogenic grafts
· The hospitals and clinics end-use segment
is expected to hold a significant share during the forecast period. Growth of
the segment can be attributed to higher readmission rate for treatment of ACL
reconstruction procedures and collaborative activities between key players and
orthopedic clinics to create awareness about artificial tendons and ligaments.
· As of 2018, Europe accounted for the
largest market share. Surge in number of sports injuries among young athletes,
rising geriatric population prone to orthopedic disorders, and presence of key
players in the region will boost the regional market
· The U.K. artificial tendons and ligaments
market is expected to grow substantially over the forecast period. This growth
is predicted to be majorly driven by increasing adoption of artificial tendons
and ligaments, rising incidence of accidents, R&D of innovative product
design, and favorable patient demographics.
· Growing healthcare expenditure, coupled
with rising penetration of health insurance in Latin America and Asia Pacific
countries such as China, India, Brazil, and Argentina are providing
considerable growth opportunities to market players
· Industry players have been involved R&D
activities to deliver novel products in the market. Companies are also
strategically involved in expanding their geographical presence through
distribution agreements to expand their customer base.
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/medical-devices
Grand View Research has
segmented the global artificial tendons and ligaments market on the basis of
application, end use, and region:
Artificial Tendons and Ligaments
Application Outlook (Revenue, USD Million, 2014 - 2025)
·
Knee Injuries
·
Shoulder Injuries
·
Foot and Ankle Injuries
·
Others
Artificial Tendons and Ligaments End-use
Outlook (Revenue, USD Million, 2014 - 2025)
·
Hospitals and Clinics
·
Ambulatory Surgery Centers
Artificial Tendons and Ligaments Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access Press Release of
Artificial Tendons & Ligaments Market@ https://www.grandviewresearch.com/press-release/global-artificial-tendons-ligaments-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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