Global Artificial Tendons and Ligaments Market Size to Grow USD 34.7 Million by 2030 | CAGR of 16.8%

Global Artificial Tendons and Ligaments Market Size to Grow USD 34.7 Million By 2030

The Global Market for Artificial Tendons and Ligaments estimated at USD 16.2 Million in the year 2021, is projected to reach a revised size of USD 34.7 Mn by 2030, Growing at a CAGR of 16.8%. as per the latest research report by Spherical Insights & Consulting.

The industry is also predicted to be driven by an increasing geriatric population. Age-related disorders include weak bones, weakened soft connective tissues like ligaments and tendons, and deteriorating cartilage increase the chance of developing knee-related injuries. The market growth is anticipated to be somewhat constrained throughout the projected period by elements such healthcare providers' resistance to using artificial tendons and ligaments, high treatment costs, and poor reimbursement scenarios in key areas. Due to a rise in ankle and shoulder procedures performed in ASCs and outpatient units connected to hospitals. Additionally, the segment's rise in the near future will be fueled by growing awareness of minimally invasive surgeries.

Browse key industry insights spread across 210 pages with 118 market data tables and figures & charts from the report Global Artificial Tendons and Ligaments Market Size, Share & Trends, COVID-19 Impact Analysis Report, By Implant Type (Silastic-rod implant, Marlex mesh, Carbon-Fibre implant, Others), By Application (Knee Injuries, Shoulder Injuries, Foot & Ankle Injuries, Spine Injuries, Hip Injuries, Others), By End User (Hospitals, Specialty Clinics, Ambulatory Surgery Centers, Others): By Region (U.S., Canada, Mexico, Rest of North America, The UK, France, Germany, Italy, Spain, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, the Netherlands, Luxembourg), Rest of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa, Brazil, Argentina, Rest of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2021-2030 in detail along with the table of contents https://www.sphericalinsights.com/reports/artificial-tendons-and-ligaments-market

Government attempts to encourage surgical facilities to enhance healthcare effectiveness and deliver speedy outcomes are multiplying, which will further support the hospitals and clinics market. Another reason for the segment's significant market share is the cooperation between important players and orthopedic clinics to raise awareness of sports injuries and accessible treatments.

The prevalence of sports injuries, which increased demand for artificial ligament and tendon, growing focus by healthcare organizations, and government support for the development of advanced and technologically improved artificial implants in the region all contributed to North America holding the largest share of the global market in 2017. Due to an ageing population, rising accident and sports injury rates, and developing healthcare infrastructure, Asia Pacific is anticipated to have a higher CAGR from 2019 to 2026.

Researchers are also working to create novel artificial ligament grafts that can fuse with real bones, support the knee, and promote the growth of new ligament tissues. As an illustration, in July 2017, scientists at Hokkaido University developed a flexible, strong, fiber-reinforced hydrogel biomaterial that can survive typical wear and tear. The research team hypothesised that the material may be utilised to make synthetic ligaments, tendons, or organs. Consequently, it is anticipated that stepping up R&D efforts will keep this market's robust growth trajectory.

The knee injuries segment dominated the global artificial tendons and ligaments market owing to a number of factors, including an increase in sports participation, an increase in the frequency of knee injuries, discomfort at the harvest site as a result of traditional surgical treatment methods using auto grafts and allografts, and the advantages of artificial tendons and ligaments over auto grafts and allografts. The hospitals segment dominated the global artificial tendons and ligaments market owing to huge re-admission rate brought on by postoperative complications and a large volume of patient turnover. The adoption of these grafts in hospitals and clinics' end-user facilities will also be boosted by supportive infrastructure, which aids in effective operations.

Europe region is dominating the market share of global artificial tendons and ligaments market owing due to rise in government initiatives to promote sports, the rise in conferences, symposiums, and workshops showcasing the newest sports technologies in the UK, the rise in sports-related injuries and knee replacements, the expansion of the medical device industry, the low out-of-pocket costs for medical devices, and agreements between universities, organizations, and institutions are all factors driving the artificial tendons and ligaments market for Europe.

Key Companies & Recent Developments

Partnerships, strategic mergers, and acquisitions are expected to be the most successful strategies for industry participants to get speedy access to growing markets while also improving technological capabilities. In addition, product differentiation and developments, as well as service expansion, are projected to help organizations thrive in the market. Generic strategies adopted by the companies usually include mergers & acquisitions, distribution network expansion, and product portfolio expansion. For instance, Printed muscle and tendon tissue may now be produced using a microplate technology that was created in June 2018 by a team of Swiss researchers. This technology might be useful as a therapeutic tool to treat different muscular problems. Due to its nearly 20-year distribution of the Ligament Augmentation and Reconstruction System (LARS), Corin Australia earned news. More than twenty devices in the LARS line offer augmentation choices for a variety of lower and upper limb applications. A team of scientists from the University of Colorado Boulder created a human-like artificial muscle in January 2018 that is affordable, flexible, and powerful. The major companies profiled in this report include Orthomed S.A.S. (France), LARS (France), Neoligaments (UK), Cousin Biotech (France), Mathys AG Bettlach, FX Solutions (France), and Shanghai PINE&POWER Biotech (China), are the leading companies in the global artificial tendons and ligaments market (Switzerland).
 

Segmentation:

By Implant Type

• Silastic-rod implant
• Marlex mesh
• Carbon-Fibre implant
• Others

By Application

• Knee Injuries
• Shoulder Injuries
• Foot & Ankle Injuries
• Spine Injuries
• Hip Injuries
• Others

By End User

• Hospitals
• Specialty Clinics
• Ambulatory Surgery Centres
• Others

By Region

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy
• Asia-Pacific- China, Japan, India
• Latin America- Brazil, Argentina, Colombia
• The Middle East and Africa- United Arab Emirates, Saudi Arabia

Key Players

• Corin Group
• Xiros Ltd
• Mathys AG Bettlach
• Cousin Biotech
• Orthomed S.A.S.
• FX Solutions
• Shanghai PINE&POWER Biotech

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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