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Collagen Meniscus Implant Market By Age Group (Adults, Pediatrics), By End User Segment (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers) - Growth, Future Prospects, and Competitive Analysis 2019 - 2027

The collagen meniscus implant market to exhibit dynamic growth during the forecast period. 

The global collagen meniscus implant (CMI) market is witnessing steady growth, expected to grow at a CAGR of 5.3%. The increasing commonness of arthritis, sports injury, and numerous bone disorders will drive the overall market growth. Collagen meniscus implants are completely absorbable and biological, made from purified collagen. It is specifically designed to facilitate the growth of new tissue. For e.g. Stryker Collagen Meniscus Implant (CMI®). Collagen meniscus implants deliver enhanced mobility and functioning to different age groups, including pediatrics and adults. Globally, increasing hospital admissions due to knee fractures, road accidents, sports injuries, and bone infection, along with meniscus replacement procedures, are major factors driving the overall growth of the collagen meniscus implant market. 

Market Synopsis

Sports-related injuries in adults are expected to register higher growth by the end of 2027

According to the American Journal of Sports Medicine, around 1 million orthopedic intervention procedures comprising meniscus are executed annually in the United States and more than 400,000 procedures in Europe. A collagen meniscus implant is a viable and safe treatment procedure for both chronic and acute meniscus injuries. Unfortunately, meniscus-related injuries have also been associated with degenerative joint changes, long-term dysfunction, and osteoarthritis of the knee. Collagen meniscus implants are biocompatible scaffolds and biological, consisting of type 1 collagen (absorbable) proposed to be used for restoring the meniscus tissue defects and injuries in adults and pediatrics. 

Ambulatory surgical centers segment to witness a significant CAGR

According to STANFORD CHILDREN'S HEALTH, in the U.S., more than 770,000 children (ages 14 and younger) are treated in hospitals and medical emergency rooms for sports-related injuries every year. In addition, in the U.S., surgical procedures on the meniscus are performed on an estimated 850,000 patients every year. Therefore, increasing sports-related injuries related to exercise/exercise equipment, soccer, basketball, athletics, football, and others will drive the demand for the collagen meniscus implant market. Additionally, enhanced medical infrastructure, along with the advancement in implant procedures with improved outcomes for patients safely, will further spur revenue growth in the hospitals, ASCs, and orthopedic clinics segment. 

Increased research and development with strong product pipelines in the developed regions

Major players in the collagen meniscus implant market are RTI Surgical, Active Implants, Orthonika, Stryker Corporation, Zimmer Biomet, Biofixt, and others. In addition, novel product launches with higher patient safety, compatibility (for all age groups), acquisitions, novel technology expansion, and improved R&D on collagen meniscus implants will further drive market growth. For e.g., in September 2016, Stryker Corporation acquired Ivy Sports Medicine, LLC, whose product range comprises an inclusive minimally invasive meniscal repair platform (Collagen Meniscus Implant (CMI®)). 

Historical & Forecast Period

This study report represents an analysis for each segment from 2017 to 2027, considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027. 

Report Scope by Segments

Segmentation  Age Group Segment (2017–2027; US$ Mn)

  • Adults
  • Pediatrics

End Use Segment (2017–2027; US$ Mn)

  • Hospitals
  • Orthopedic Clinics
  • Ambulatory Surgical Centers

Geography Segment (2017–2027; US$ Mn)

  • North America (U.S. and Rest of North America)
  • Europe (U.K., Germany, France, and Rest of Europe)
  • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

The present report also figures out qualitative and quantitative market evaluation factors such as key market trends, market drivers, restraints, and opportunities to better understand the global market. Moreover, the global report also illustrates the competitive landscape based on market value, business strength, product portfolio, and strategies such as new product launches, technology expansion, acquisitions, licensing agreements, and partnerships.

Frequently asked questions :

The market for Collagen Meniscus Implant Market is expected to reach US$ XX Bn in 2027.

The Collagen Meniscus Implant Market is expected to see significant CAGR growth over the coming years, at 3.5%.

The report is forecasted from 2019-2027.

The base year of this report is 2018.

RTI Surgical, Active Implants, Orthonika, Stryker Corporation, Zimmer Biomet are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Oct 2019
Category:  Medical Devices
Report ID:   59957
Report Format:   PDF
Pages:   120
Rating:    4.2 (56)
Delivery Time: 24 Hours to 48 Hours   
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