Global Ligament Stabilizer Market Outlook and Forecasted Analysis Through 2026

Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Ligament Stabilizer Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026” offers a detailed analysis of the market, providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the global Ligament Stabilizer market have been elaborated upon in the research report.

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The severity of disregarding the injuries in knees, shoulder, spine or other joints can lead to rupture of ligaments. Excessive stress applied during movements of such body parts can also damage the internal ligaments. Attending to these ligament injuries is important to avoid being crippled or handicapped for life. Medical professionals, particularly surgeons, treating these injuries are highly dependent on the effectiveness of medical devices called ligament stabilizers. Reconstruction of the injured ligament is largely at the mercy of how the patients use these stabilizers, and on how these stabilizers can perform effectively.

According to Transparency Market Research’s latest forecast report, the global demand for ligament stabilizers is expected to witness a robust traction in the near future. The study has assessed that the global ligament stabilizer market will expand at an estimated CAGR of 6% during the period, 2017-2026. The report further projects that more than US$ 3.5 Bn worth of ligament stabilizers will be sold globally by the end of 2026.

Knee Braces & Supports to Remain in Great Demand through 2026

Challenges faced by surgeons in performing curative surgeries for repairing the damaged cruciate ligaments have led to growing adoption of knee braces & supports. These devices can help surgeons overcome the biomedical disadvantage of multiple ligament injuries by allowing them to reconstruct or rehabilitate the ligament effectively. In addition, the incidence of ligament damage oriented from knee injuries continues to remain high across the globe. Leading ligament stabilizer manufacturers are considering the dominance of this body part in extending their production volumes. By the end of 2026, nearly 40% of the global ligament stabilizer market value is forecasted to be accounted by the sales of knee braces & supports. Foot and ankle braces & supports are also expected to represent leading products in the global ligament stabilizer market. The report has estimated that in 2017, more than US$ 500 Mn worth of foot and ankle braces & supports have been sold in the global ligament stabilizer market.

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Retail Pharmacies to Register Fastest Sales of Ligament Stabilizers over the forecast period

In 2017, hospital pharmacies recorded the highest sales of ligament stabilizers. The report projects that throughout the forecast period, hospital pharmacies will represent the largest sales channel for ligament stabilizers. More than two-fifth of revenues procured in the global ligament stabilizer market will be brought in by hospital pharmacies. However, retail pharmacies will register fastest sales growth, reflecting a CAGR of 7.5% over the forecast period. A majority of ligament stabilizers sold through retail pharmacies will be used in treating grade 1 ligament injuries. Mild in terms of damage, grade 1 injuries will represent a considerable share on global market value through 2026. Throughout the forecast period, almost every other ligament stabilizer sold in the global market will be used for treating grade 1 ligament injuries.

In addition, the report has also analyzed multiple causative factors influencing the growth of the global ligament stabilizer market. Macroeconomics affecting the adoption and development of ligament stabilizers have been studied, while the report further offers an analysis of cost structure and pricing.

Market Taxonomy

Key sections in the report offer segmental analysis on the expansion of the global ligament stabilizer market. The report has analyzed the global ligament stabilizer market on the basis of type of injury, sales channel, product-type and region. Additional information on country specific market size forecast and cross-segmental analysis is also complied in the report.

Scope of the Report

By exercising a comprehensive research methodology, analysts at Transparency Market Research have developed this report to cater to the key concerns of market players. Being in constant dialogue with these companies, the data generated by analysts has been authentically validated and the information provided through it aims at resolving the challenges faced by market players. The scope of the report is to enable ligament stabilizer manufacturers in planning informed decisions and strategic steps towards future market direction.

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This release was published on openPR.