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

Despite their introduction several years ago, the use of artificial tendons and ligaments has 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 for patellar ligament reconstruction and anterior cruciate ligament reconstruction procedures.

Artificial ligaments and tendons are being increasingly preferred over allografts and autografts due to their prominent advantages, such as rapid recovery, a lower requirement for repeat procedures, and obviously 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 market growth and attracting the interest of both new manufacturers and surgeons alike.

Market Synopsis

Artificial ligaments find the largest application in procedures for knee injuries.

Based on the applications of artificial tendons and ligaments, this market is segmented into knee injuries, foot, and ankle injuries, shoulder injuries, and others (hip and spine injuries). Among these, the application of artificial ligaments is the most common in the knee injury segment.

A higher incidence of knee trauma and a significantly high impact on daily life positively influence the market position of the knee injury segment. Furthermore, increased youth participation in sports and athletic activities and the resultant growth in the incidence of knee injuries have also driven market growth.

The same trend is anticipated to continue through the forecast period, making knee injury applications the fastest-growing segment throughout the forecast period. The evolution of surgical techniques will also be instrumental in augmenting the growth of this segment.

Growing awareness regarding minimally invasive surgeries will augment the position of ambulatory surgery centers.

Hospitals are the largest area where surgeries with artificial tendons and ligaments are performed. Greater patient footfall seeking advanced healthcare, a higher rate of readmissions arising from prior complications from surgeries, the presence of supportive and advanced infrastructure, and a greater presence of hospitals across all geographies drive the dominance of this segment.

The ambulatory surgery centers segment, on the other hand, is expected to grow rapidly during the forecast period. Because of the decentralization of healthcare infrastructure, large hospitals have established independent ambulatory centers in remote locations. Procedures at these locations are often performed at lower costs than those in hospitals. This has also, in turn, led to a growing preference among patients to opt for procedures at ambulatory surgery centers, thereby driving the swift growth of this segment.

Europe's global market dominance was aided by widespread awareness.

The presence of a large patient pool and wide availability of skilled personnel for performing minimally invasive orthopedic procedures in Germany, the U.K., and France drive the dominance of the European market. Higher healthcare expenditure, greater awareness, and the higher purchasing power of the geriatric population also contribute to the prominent position of the European market.

Asia Pacific will witness faster market growth during the forecast period. The region houses the largest population globally and 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 of these factors, along with evolving healthcare infrastructure and increasing hospital penetration in rural areas, will drive the Asia-Pacific market's growth.

Periods of History and Forecast

This research report presents the analysis of each considered segment for the period from 2016 to 2026, using 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 provide a quantitative assessment of the industry in terms of current and forecasted market size while also presenting the market dynamics. This market is segmented based on applications, usage areas, and geography.

This report also includes a company profiles section that gives insights into 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 are answered in this report.

  • What is the growth projection for the global artificial tendons and ligaments market for the period 2018–2026?
  • Which application area has the highest rate of the procedure with artificial ligaments and tendons?
  • What is the impact of minimally invasive surgeries on market growth?
  • What are the key factors supporting the dominance of knee injuries in this segment?
  • What are the key strategies observed by the top players for augmenting their hold on the industry?

Frequently Asked Question:

The market for Artificial Tendons And Ligaments Market is expected to reach USD$ XX in 2026.

The Artificial Tendons And Ligaments Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2018 -2026.

The base year of this report is 2017.

PAREXEL International Corporation, Covance, Inc., Clinilabs, Inc., Charles River Laboratories International, Inc., Accell Clinical Research, LLC. are some of the major players in the global market.

Choose License Type
Trusted By
Published Date:  Mar 2019
Category:  Medical Devices
Report ID:   59619
Report Format:   PDF
Pages:   120
Rating:    4.4 (69)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
24/7 Research Support