Artificial Tendons and Ligaments Market Investment Opportunity Analysis and Industry Share Forecast 2030 | LARS, Neoligaments, Cousin Biotech, Orthomed S.A.S., FX Solutions, Shanghai PINE&POWER Biotech

Global Artificial Tendons and Ligaments Market to Grow Rapidly due to Increasing Application in Healthcare Sector

The main driver that pushes the demand is the rising frequency of sports injuries. Many incidents, faulty equipment, inadequate preparation and practice, insufficient warm-up and stretching, and lack of fitness result in most sports injuries. Among the most common forms of sports injuries seen among athletes are ankle sprain, hamstring strain, ACL tear, and tennis elbow.
Many steps are being taken by the government to raise understanding of artificial tendons and ligaments that will fuel development in the sector. Study activities on tendons and ligaments are also on the rise, which would also affect the market. Advances in surgical procedures will increase the recognition of synthetic tendons, which will also ramp up consumer demand. The factors that will influence the growth of the artificial tendons and ligaments market in the forecast period are growing understanding of the benefits of artificial tendons & ligaments and increasing orthobiologics-related risk.

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The prominent players covered in this report:

1. LARS
2. Neoligaments
3. Cousin Biotech
4. Orthomed S.A.S.
5. FX Solutions
6. Shanghai PINE&POWER Biotech
7. Mathys AG Bettlach

Growth Drivers that Support the Global Artificial Tendons and Ligaments Market:

• The industry is segmented into knee injuries, shoulder injuries, foot and ankle injuries, and other injuries, based on application. The knee injury segment is estimated to account for the highest proportion of the overall industry in 2018. This can be attributed to the increasing occurrence of knee fractures, harvesting site pain due to traditional surgical methods of treatment using autografts and allografts, increased athletic activity, and the benefits of artificial tendons and ligaments relative to autografts and allografts.

• The rising frequency of sports-related accidents is likely to emerge as the main driver driving the demand, especially in developing countries such as the U.S. and the U.K.

• The growing number of minimally invasive tendon and ligament repair procedures worldwide is expected to raise the market for artificial tendons and ligaments.

• The rising need for new surgical procedures that cause patients reduced pain is widening the artificial tendons and ligaments market's clinical prospects. Rapid advancements in knee replacement procedures in developing countries are also expected to provide a massive, favorable catalyst for demand growth in the not-so-distant future.

• However, healthcare professionals remain hesitant to implement artificial tendons and ligaments, primarily because of the high costs involved with the resulting treatments and the undesirable reimbursement scenario.

• In developing nations, the opportunities of the artificial tendons and ligaments market are enormous, largely fueled by broad unmet needs. In addition, increasing efforts by policymakers to strengthen the public's engagement in sports are also projected to catalyze industry growth.

• Over the last few years, Europe has been offering potentially lucrative paths in the global market for artificial tendons and ligaments. The increasing occurrence of sports-related accidents, due to the widespread involvement of the population in sports, underpins evolving avenues in the area.
Companies are Keen to Expand their Foot Print in the Global Market

• In order to showcase its 'LIGASTIC' ligaments, Orthomed participated in the 2017 SFA congress conference held in Marseille and the GEM congress held in Paris.

Key highlights of the report:

• Market Performance (2020-2030)
• Market Outlook (2022-2032)
• Market Drivers and Success Factors
• Market Trends
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

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Conclusion:

The major aim of this report is to give insightful analyses of the market shares and a detailed understanding of the worldwide market and its commercial landscape. This report gives comprehensive information about major issues, production processes, and solutions to mitigate the growth risk.

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This release was published on openPR.