Artificial Tendons And Ligaments Market By Application (Knee Injuries, Foot & Ankle Injuries, Shoulder Injuries, Others), By Usage Area (Hospitals, Ambulatory Surgery Centers) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

Industry Outlook

Despite their introduction several years ago, the use of artificial tendons and ligaments have only recently received prominent attention and has opened new treatment options for patients seeking rapid recovery and restoration of normal movements. Artificial ligaments are commonly used in knee, ankle and shoulder treatments where tissue rupture is often observed. These are in high demand in procedure for patellar ligament reconstruction and of anterior cruciate ligament. Artificial ligaments and tendons are being increasingly preferred over allografts and autografts due to their prominent advantages such as rapid recovery, less requirement of repeat procedures, and the obvious better availability in the market. Over the years a large amount of clinical evidence has been established recording the efficacy and safety of artificial ligaments and tendons, which too is augmenting the market growth and gathered interest of both new manufacturers and surgeons alike.  

Market Synopsis

Artificial Tendons And Ligaments Market

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"Artificial ligaments to find largest application in procedures for knee injuries"

Based on the applications of artificial tendons and ligaments, this market is segmented into knee injuries, foot & ankle injuries, shoulder injuries and others (hip and spine injuries). Among these, the application of artificial ligaments is the highest in knee injuries segment. Larger incidence of knee trauma, and significantly high impact on the daily life positively influence the market position of knee injuries segment. Furthermore, increased participation of the youth in sports and athletic activities and the resultant growth in incidence of knee injuries has also driven the market growth. The same trend is anticipated to continue through the forecast period and thus make knee injuries applications, the fastest growing segment throughout the forecast period. Evolution in surgery techniques shall also be instrumental in augmenting the growth of this segment.

Artificial Tendons And Ligaments Market

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"Growing awareness regarding minimally invasive surgeries to augment the position of ambulatory surgery centers"

Hospitals is the largest usage area where surgeries with artificial tendons and ligaments are performed. Greater patient footfall seeking advanced healthcare, higher rate of readmissions arising from prior complications from surgeries, presence of supportive and advanced infrastructure and greater presence of hospitals across all geographies drive the dominance of this segment. On the other hand, ambulatory surgery centers segment shall be advancing at a rapid growth rate during the forecast period. Decentralization of healthcare infrastructure has led large hospitals to set up their independent ambulatory centers at remote locations. Procedures at these locations are often performed at lower costs than those in hospitals. This has also in turn led to growing preference of patients to opt for procedures at ambulatory surgery centers, thereby driving swift growth of this segment.  

Artificial Tendons And Ligaments Market

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"Europe to dominate the global market contributed by high awareness"

Presence of a large patient pool and wide availability of skilled personnel for performing minimally invasive orthopedic procedures in the Germany, U.K. and France drive the dominance of Europe market. Higher healthcare expenditure, greater awareness and higher purchasing power of the geriatric population also contributes to the prominent position of Europe market. Asia Pacific will be witnessing faster market growth during the forecast period. The region houses the largest population globally base therefore presents a significant potential patient pool. The general population in the region is also increasingly participating in athletic and sports activities, therefore increasing the incidence of ligament injuries. All such factors, along with the evolving healthcare infrastructure and growing penetration of hospitals in rural regions shall drive the growth of Asia Pacific market.

Artificial Tendons And Ligaments Market

Artificial Tendons And Ligaments Market

Historical & Forecast Period

This research report presents the analysis of each considered segment for the period from 2016 to 2026, having 2017 as the base year for estimations. Compounded annual growth rates (CAGRs) for each segment are calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The artificial tendons and ligaments market report provides quantitative assessment of the industry terms of current and forecasted market size, while also presenting the market dynamics. This market is segmented based on applications, usage areas, and geography.

Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Million

 By Application (2016–2026; US$ Mn)
 • Knee Injuries
 • Foot & Ankle Injuries
 • Shoulder Injuries
 • Others

 By Usage Area (2016–2026; US$ Mn)
 • Hospitals
 • Ambulatory Surgery Centers

 Geography Segment (2016–2026; US$ Mn)
 • North America (U.S., Canada)
 • Europe (U.K., Germany, Italy, France, Spain, Rest of Europe)
 • Asia Pacific (China, Japan, Australia, Rest of APAC)
 • Latin America (Brazil, Mexico, Rest of Latin America)
 • Middle East and Africa (GCC, South Africa, Rest of Middle East and     Africa)

This report also includes company profiles section that gives insights on the company overview, product portfolio, financial information and key developments of major market players. The major players profiled in this report include Artelon, FX Solutions S.A.S., Corin Group, Xiros Ltd., GROUP FH ORTHO, Shanghai Pine & Power Biotech Co., Ltd., Cousin Biotech and Orteq Sports Medicine.

Key questions answered in this report

  • How is the growth projection of the global artificial tendons and ligaments market for the period 2018 to 2026?
  • Which usage area finds the largest procedure rate with artificial ligaments and tendons?
  • What is the impact of minimally invasive surgeries on the market growth?
  • What are the key factors supporting the dominance of knee injuries segment?
  • What are the key strategies observed by the top players for augmenting their stronghold on the industry?
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Published Date:  Mar 2019
Category:  Medical Devices
Report ID:   59619
Report Format:   PDF
Pages:   120
Rating:    4.4 (69)
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