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Collagen Meniscus Implant Market Possible to Exceed Product Scope, Market Overview and Driving Force Forecast to 2026 Appraised By Global Players Active Implants, Orthonika, RTI Surgical, Stryker Corporation, and Zimmer Biomet.
Global Collagen Meniscus Implant Market
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Market Dynamics
Increasing trend of sports activities and outdoor events among the young and old generation has increased the risk of knee injuries, with a higher prevalence among sports players. This in turn, is expected to fuel the collagen meniscus implant market revenue over the forecast period. Acute meniscal tears usually occur due to a traumatic, twisting motion of the knee, frequently during sports activities. Sports-related meniscal tears are often associated with anterior cruciate ligament (ACL) rupture. According to the National Institute of Health statistics, there were around 6,664,324 knee injuries reported in the U.S. from 1999 to 2008 and the number is expected to grow significantly by 2020.
Increasing Incidences Of Sports Related Injuries Worldwide Is Expected To Drive The Collagen Meniscus Implant Market Revenue
Increasing number of sports injuries and rising geriatric population are major factors that are expected to drive growth of the collagen meniscus implant market over the forecast period. Increasing cases of bone fractures, trauma due to fall, and others require medical intervention, thereby, augmenting the need for sports medicine products. According to the National Institute of Health 2012 data, knee is the most commonly injured joint by young athletes with around 2.5 million sports-related injuries reported to emergency departments, annually in the U.S.
The number of meniscal lesions has increased significantly over the past few years due to greater participation in sports. Moreover, cartilage-like menisci can be found in osteoarthritis related to mechanical damage and aging. Individuals with a meniscal injury that is unrepairable may be at a higher risk of developing knee arthritis.
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Collagen Meniscus Implant Market: Regional Insights
On the basis of region, the global collagen meniscus implant market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America collagen meniscus implant market is expected to generate significant revenue share over the forecast period, owing to increasing number of meniscus surgeries being performed in the region. According to the National Center for Health Statistics 2017 report, meniscus surgery is the most frequent surgical procedure performed by orthopedic surgeons in the U.S., with over 50% of the procedures performed in patients 45 years of age or older.
Asia Pacific collagen meniscus implant market is expected to grow at highest CAGR, owing to rising number of sports-related knee injuries in the region. According to the Australian Institute of Health and Welfare’s (AIHW) report on Australian sport injury hospitalizations, 36,000 people in Australia aged 15 years and above were hospitalized in 2011-2012 due to sports-related injuries.
Key players operating in the global collagen meniscus implant market include Active Implants, Orthonika, RTI Surgical, Stryker Corporation, and Zimmer Biomet.
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