Artificial Tendon and Ligament Markets-By Application (Knee Injuries, Shoulder Injuries, Foot and Ankle Injuries, Spine Injuries, Lumbar Injuries), and Regions-Global Forecast 2023

SDKI Inc. published a new report on the artificial tendon and ligament market. This study includes the statistical and analytical approaches needed to grow the artificial tendon and ligament market. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.

Report sample URL
https://www.sdki.jp/sample-request-110022

The global artificial tendon and ligament market is estimated to reach US $ 35.0 million by 2023 from US $ 18.5 million in 2018 and is expected to grow at a CAGR of 13.6%.

Increasing rates of sports injuries, increased initiatives to raise awareness about artificial tendons and ligaments, and increased research activity on artificial tendons and ligaments are several key factors driving market growth. Increasing preference for minimally invasive surgery, the benefits of artificial tendons and ligaments, and issues related to the use of orthopedics are also expected to drive market growth.

However, factors such as resistance to the use of artificial tendons and ligaments among healthcare providers, high procedure costs, and unfavorable reimbursement scenarios across major markets are expected to curb the growth of this market.

Market Segments

The artificial tendon and ligament market is divided by application (knee injuries, shoulder injuries, foot and ankle injuries, spine injuries, lumbar injuries) and by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

The knee injury segment is expected to grow at the highest rate during the forecast period.

Based on the application, the market is divided into knee injuries, shoulder injuries, foot and ankle injuries, and other injuries (spine and lumbar injuries). The knee injury segment is expected to grow at a maximum CAGR during the forecast period. This includes increased incidence of knee injuries, discomfort at harvest sites with traditional surgical treatments using autologous and allogeneic grafts, increased participation in sports, and autologous and allogeneic transplants. It may be due to the benefits of artificial tendons and ligaments compared to the graft.

Regional Overview

The Asia-Pacific region is expected to achieve the highest growth between 2018-2023 due to the growth of Japan's healthcare industry, collaboration with various international sports organizations, and research activities in sports medicine. In addition, government initiatives to increase the number of doctors, favorable health systems, and government initiatives to support sports medicine in India are also contributing to market growth in the region.

The market is further subdivided based on the region, and the market growth of each country is evaluated. These include North America (US and Canada); Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe); Asia Pacific (China, India). , Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Other Asia Pacific); Latin America (Brazil, Mexico, Argentina, Other Latin America); and Middle East and Africa (Israel, GCC [Saudi Arabia, Arab Emirates, Bahrain, Kwat, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa).

Details of the survey report
https://www.sdki.jp/reports/artificial-tendons-and-ligaments-market/110022

Key Players on the Market

The key players on the artificial tendon and ligament market are LARS (France), Neoligaments (UK), Cousin Biotech (France), Orthomed SAS (France), FX Solutions (France), Shanghai PINE & POWER Biotech. (China), Mathys AG Bettlach (Switzerland), etc. The study includes a detailed competitive analysis of these major companies in the artificial tendon and ligament market, corporate profiles, recent developments, and key market strategies.

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This release was published on openPR.