The ligament stabilizers market is to grow at a rapid pace during the forecast period.
The global market for ligament stabilizers is expanding rapidly, with a value of $2,794.2 million expected by 2026. Increasing incidences of sports injuries, trauma cases, and other ligament injuries due to accidents at work or home will drive the market growth globally. The ligament stabilizers market will be driven by new product development for knee and ankle joints, as well as the expansion of branded products in emerging markets.
Market Synopsis
The knee braces and supports segment is expected to register higher growth by the end of 2026.
The incidence of knee ligament injuries continues to persist globally during the forecast period. In cases of multiple injuries (knee, hip, foot, or ankle), ligament stabilizers assist in reconstructing the ligament effectively. Top manufacturers are considering the ascendency of knee injuries while extending their production volumes worldwide. Around 40%–45% of the global market value is estimated to be accounted for by knee braces and support sales during the forecast period. The overall usefulness of ligament stabilizers during the rebuilding of ligaments will continue to encourage their increasing adoption on a global scale.
In 2017, grade 1 injuries generated the highest revenue share.
Ligament stabilizers used for the treatment of grade 1 injuries will account for the highest share of global sales during the forecast period. The incidence of medial and lateral collateral ligament injuries is high globally, which will also impact the worldwide sales of ligament stabilizer products. Grade 1 or 2 injuries are mainly observed in athletes. Additionally, hyperextension stress, musculoskeletal disorders, instability of the knee or ankle while running, and swelling in the elderly population will drive market growth during the forecast period.
Hospital pharmacies will represent the largest sales channel for ligament stabilizers during the forecast period.
Presently, hospital pharmacies dominate the global market. As per changing dynamics, retail pharmacies will also register the fastest growth in terms of product sales (CAGR of 8–9%) during the forecast period. Direct and indirect marketing of products via online sales will also have a positive impact globally. The prevalence of musculoskeletal injuries and disorders among the geriatric population, the incidence of rheumatoid arthritis and joint disorders, and the increasing incidences of road accidents and sports injuries will further spur revenue growth in the distribution channel segment.
Increasing demand for advanced products and the presence of established players hold North America in a dominant position.
Because of rising sports injuries, increased adoption of modern technologies in the orthopedics sector, and the presence of well-established healthcare facilities in the United States and Canada, North America generated the largest revenue share in the global market for ligament stabilizers. Additionally, a huge patient population in nations such as China, India, Mexico, and others, along with increasing demands for branded products, will drive market growth. The high cost of advanced products in developing countries, as well as strict regulations in developing markets, may impede market development to some extent during the forecast period. The adoption of new products from the Asia-Pacific and European markets is expected to accelerate.
The dominance of multinational manufacturers with strong product portfolios in the developed regions
Otto Bock Healthcare GmbH, 3M Company, DePuy Synthes Company, Ossur hf., DJO Global, Inc., Bauerfeind AG, DeRoyal Industries Incorporations, THUASNE SA, Breg, Inc., Medi GmbH & Co. KG, BSN Medical GmbH, Adhenor, Huici Medical, Aspen, ORTEC, Rica, and Performance Health are major players in the ligament stabilizers market.
Neo G and others Smaller corporations are implementing progressive strategies through new product launches and product expansion in emerging markets via partnerships and acquisitions.
Periods of History and Forecast
This study report includes an analysis for each segment from 2016 to 2026, with 2017 as the base year. The compound annual growth rate (CAGR) for each of the respective segments is estimated for the forecast period from 2018 to 2026.
Report Scope by Segments
The current report also encompasses qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better understanding of the overall market for ligament stabilizers. Additionally, the report also comprises a graphical representation of the competitive landscape based on their market initiatives and strategies, product portfolios, and business strengths.
Key questions are answered in this report
What are the current and future trends in the ligament stabilizer industry, mainly in the knee braces and supports segment?
What are the opportunities for emerging players operating in Asia-Pacific?
Which segment accounts for the fastest CAGR during the forecast period?
Which injury type holds a larger market share, and why?
What is the impact of the high cost of customized support globally?
What are the products and brands in the industry that are growing more significantly, and why?
What is the impact of online sales on the global market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and the Middle East and Africa?
Frequently Asked Questions:
The market for Ligament Stabilizers Market is expected to reach At US$ 2,794.2 Mn in 2026.
The Ligament Stabilizers Market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted to 2018-2026
The base year of this report is 2017.
Otto Bock Healthcare GmbH,3M Company, DePuySynthes Company,Ossur hf., DJO Global, Inc. are some of the major players in the global market.
