Global Artificial Tendons And Ligaments Market By Application (Knee Injuries, Shoulder Injuries, Foot And Ankle Injuries) - Global Outlook Analysis And Industry Forecast, 2018-2023

Global Artificial Tendons and Ligaments Market was valued at USD 18.32 Million in the year 2017. Global Artificial Tendons and Ligaments Market is further estimated to grow at a CAGR of 12.67% from 2018 to reach USD 37.48 Million by the year 2023. The North America region holds the highest market share in 2017 and the Asia Pacific is considered as the fastest growing market in the forecasted period. At country level, U.S, U.K. and China is projected to grow strongly in the coming years due to high rate of investment by R&D.

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LARS (France), Neoligaments (U.K), Cousin Biotech (France) are some of the key players in the Global Artificial Tendons and Ligaments Market. Rising research and development expenses cater to changing demand of end users. Similarly, growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

Drivers:

Increasing incidence of sports injuries

Restraints:

High cost

Opportunities:

Regular technological advancements

Increasing research activities

Challenges:

Intense competition among the producers.

The Global Artificial Tendons and Ligaments Market is segmented as By Application and Region. The Application segment is divided into knee injuries, shoulder injuries, foot and ankle injuries and other injuries in which the knee injuries segment is expected to account for the highest market share due to increasing incidence of knee injuries, discomfort at the harvest site due to conventional surgical treatments methods that use allografts etc. Among all, it is expected that the knee injuries segment will be growing at a moderate CAGR of XX % in the assessment period.

Key Benefits for Stakeholders

Manufacturers of artificial tendons and ligaments

Suppliers and distributors of artificial tendons and ligaments

Healthcare service providers

Teaching hospitals and academic medical centers (AMCs)

Health insurance players

Government bodies/municipal corporations

Regulatory bodies

Medical research institutes

By Application

Knee Injuries

Shoulder Injuries

Foot and Ankle Injuries

Other Injuries

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

LARS

Neoligaments

Orthomed S.A.S

FX Solutions

Shanghai PINE&POWER Biotech

Mathys AG Bettlach

Arthrex, Inc.

Arthocare

FH Orthopedics

Cousin Biotech

(A brief overview of 8 companies is also provided)

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This release was published on openPR.