San Francisco, 19 March, Artificial Tendons and Ligaments Market
Analysis Report By Application (Knee Injuries, Shoulder Injuries, Foot &
Ankle Injuries), By End Use (Hospitals & Clinics, ASCs), And Segment
Forecasts, 2019 – 2025.
The global artificial tendons and ligaments market size
is anticipated to reach USD 39.7 million by 2025 at an 11.3% CAGR during the
forecast period, according to a new report by Grand View Research, Inc.
Adoption of artificial grafts is on a rise owing to several benefits over
autologous and allogenic grafts, such as high tensile strength, no immune
reaction, and abrasion resistance. Increase in number of sports injuries,
coupled with rising government efforts to create awareness about sports
injuries and available medical reimbursements, is anticipated to fuel market
growth.
For instance, the Government of
Finland in collaboration with UKK Institute has been conducting a
‘LiVE-program’ since 2016 to improve safety in sports increase awareness about
injury risks, sports training, and content of physical activity sessions. Over
the past several decades, increase in participation of children and adolescents
has been observed in various sports such as football, soccer, bicycles,
handball, basketball, and volleyball. Moreover, increase in awareness about
physical fitness among people will contribute to market growth.
Other factors likely to
contribute to market growth include rising preference for minimally invasive
surgery, continuous advancements in surgical procedures, and growing funding
and research activities to develop novel materials for synthetic tendons and
ligaments. Moreover, positive outcomes reported through various clinical trials
pertinent to usage of artificial ligaments will accelerate growth in the near
future. For instance, according to a study published in 2017 in NCBI, patients
treated with artificial ligament after femoral tumor resection and
reconstruction procedures exhibited a more stable hip joint and more active
range of movement as compared to patients who did not received a synthetic
ligament.
Access Full Research
Report On Artificial Tendons and Ligaments Market Analysis:
https://www.grandviewresearch.com/industry-analysis/artificial-tendons-ligaments-market
https://www.grandviewresearch.com/industry-analysis/artificial-tendons-ligaments-market
Further key findings from the report suggest:
·
The knee injuries segment held
a major share in 2018 owing to increase in incidences of knee injuries, coupled
with faster recovery observed with the use of artificial ligaments in
comparison to autologous or allogenic grafts
·
The hospitals and clinics
end-use segment is expected to hold a significant share during the forecast
period. Growth of the segment can be attributed to higher readmission rate for
treatment of ACL reconstruction procedures and collaborative activities between
key players and orthopedic clinics to create awareness about artificial tendons
and ligaments.
·
As of 2018, Europe accounted
for the largest market share. Surge in number of sports injuries among young
athletes, rising geriatric population prone to orthopedic disorders, and
presence of key players in the region will boost the regional market
·
The U.K. artificial tendons and
ligaments market is expected to grow substantially over the forecast period.
This growth is predicted to be majorly driven by increasing adoption of
artificial tendons and ligaments, rising incidence of accidents, R&D of
innovative product design, and favorable patient demographics.
·
Growing healthcare expenditure,
coupled with rising penetration of health insurance in Latin America and Asia
Pacific countries such as China, India, Brazil, and Argentina are providing
considerable growth opportunities to market players
·
Industry players have been
involved R&D activities to deliver novel products in the market. Companies
are also strategically involved in expanding their geographical presence
through distribution agreements to expand their customer base.
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
global artificial tendons and ligaments market on the basis of application, end
use, and region:
Artificial Tendons and
Ligaments Application Outlook (Revenue, USD Million, 2014 - 2025)
·
Knee Injuries
·
Shoulder Injuries
·
Foot and Ankle Injuries
·
Others
Artificial Tendons and Ligaments
End-use Outlook (Revenue, USD Million, 2014 - 2025)
·
Hospitals and Clinics
·
Ambulatory Surgery Centers
Artificial Tendons and
Ligaments Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
o
France
o
Spain
o
Italy
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
o
South Africa
Browse Press
Release of this Report:
https://www.grandviewresearch.com/press-release/global-artificial-tendons-ligaments-market
https://www.grandviewresearch.com/press-release/global-artificial-tendons-ligaments-market
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This
U.S.-based market research and consulting company is registered in California
and headquartered in San Francisco. Comprising over 425 analysts and
consultants, the company adds 1200+ market research reports to its extensive
database each year. Supported by an interactive market intelligence platform,
the team at Grand View Research guides Fortune 500 companies and prominent
academic institutes in comprehending the global and regional business
environment and carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
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