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Artificial Tendons and Ligaments Market by Application (Knee Injuries, Shoulder Injuries, Foot and Ankle Injuries, Others), by End users (Hospitals and Clinics, ASCs): Global Opportunity Analysis and Industry Forecast, 2023-2032
Report OverviewThe size of the global market for artificial tendons and ligaments, which was evaluated at USD 18.8 million in 2018, is anticipated to grow at a CAGR of 16.8% from 2023 to 2032. The primary element influencing the market is the rise in sports injuries. The majority of sports-related injuries are brought on by mishaps, bad technique, inadequate warm-up and stretching, and a lack of conditioning. Among the most frequent sports injuries seen in athletes include tennis elbow, ankle sprains, groyne pulls, hamstring strains, and ACL tears.
The business is expected to be fueled by an increase in the number of elderly people. The likelihood of having knee-related injuries increases with age-related illnesses such as weak bones, impaired soft connective tissues like ligaments and tendons, and disintegrating cartilage. It is anticipated that factors including healthcare providers' opposition to the use of artificial tendons and ligaments, high treatment costs, and unfavourable reimbursement circumstances in key regions will somewhat restrain market expansion throughout the course of the projected decade. due to an increase in treatments done on the ankle and shoulder in ASCs and outpatient facilities attached to hospitals. Additionally, increased knowledge of minimally invasive procedures will contribute to the segment's growth in the near future. More and more government initiatives are being made to encourage surgical facilities to improve healthcare effectiveness and provide quick results, which will support the market for hospitals and clinics. The cooperation between prominent players and orthopaedic clinics to increase awareness of sports injuries and affordable treatments is another factor contributing to the segment's sizeable market share.
Market Analysis and Insights Global Artificial Tendons and Ligaments Market
In the forecast years of 2023 to 2032, the artificial tendons and ligaments market is anticipated to expand at a CAGR of 16.8%. The market report for artificial tendons and ligaments offers research and insights into the numerous elements that are anticipated to be present during the forecast period as well as their effects on the market's expansion. The demand for artificial tendons and ligaments is expanding as the global healthcare industry expands.
A tendon is a fibrous tissue that is linked to a bone and is both flexible and strong. Contrarily, a ligament is a fibrous band of connective fibres that helps support internal organs and hold bones together at joints. Component fibres for an artificial tendon include PET, polypropylene, polyNaSS, and polyacrylonitrile fibre.
One of the key factors propelling the growth of the artificial tendons and ligaments market is the rise in sports injuries around the world. The number of campaigns to raise public knowledge about artificial tendons and ligaments is growing, and there is a significant increase in research on these products. The market is also influenced by the growing trend for minimally invasive surgeries and the existence of problems with the use of orthobiologics. The market for artificial tendons and ligaments is also benefited by rising awareness, the ageing population, medical advancements, and government efforts aimed at raising public awareness of sports injuries.
Global Artificial Tendons and Ligaments Market Scope and Market Size
On the basis of implants, materials, applications, and end-users, the artificial tendons and ligaments market is divided into segments. The development of these segments will assist you in analysing the industries' sparsely growing segments and will give users useful industry overview and market insights to aid in the selection of key market applications.
• On the basis of implants, the artificial tendons and ligaments market is segmented into silastic-rod implant, carbon-fiber implant and marlex mesh
• On the basis of materials, the artificial tendons and ligaments market is segmented into carbon, carbon and polyester, leeds-keio polyester, dacron, bovine glutaraldehyde-fixed xenograft, gore-tex polytetrafluoroethylene.
• On the basis of application, the artificial tendons and ligaments market is segmented into knee injuries, shoulder injuries, foot and ankle injuries and other injuries.
• On the basis of end- users, the artificial tendons and ligaments market is segmented into hospitals and clinics and ambulatory surgery centers.
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Global Artificial Tendons and Ligaments Market: Segmentations
Global Artificial Tendons and Ligaments Market: By Key Players
Lars
Neoligaments (Xiros)
Cousin Biotech
FX Solutions
Orthomed
Shanghai Pine&Power Biotech
Mathys
Global Artificial Tendons and Ligaments Market: By Types
Artificial Tendons
Artificial Ligaments
Global Artificial Tendons and Ligaments Market: By Applications
Knee Injuries
Shoulder Injuries
Foot and Ankle Injuries
Global Artificial Tendons and Ligaments Market: Regional Analysis
The countries covered in the regional analysis of the Global Artificial Tendons and Ligaments market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Competitive Landscape and Artificial Tendons and Ligaments Market Share Analysis
Details about each competitor are provided in the competitive landscape for artificial tendons and ligaments. The company's financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance are among the details that are included. The information presented above only relates to the companies' market focus on artificial tendons and ligaments.
LARS, Neoligaments, Artelon, GROUP FH ORTHO communication, and Integra LifeSciences Corporation are a few of the leading companies in the artificial tendons and ligaments market.
New synthetic ligament grafts that can integrate with natural bones, support the knee, and encourage the formation of new ligament tissues are also being developed by researchers. For instance, researchers at Hokkaido University created a flexible, robust, fiber-reinforced hydrogel biomaterial in July 2017 that can withstand normal wear and tear. The scientific team proposed that the substance may be used to create artificial ligaments, tendons, or organs. Therefore, it is projected that increasing R&D activities will maintain this market's strong growth trajectory.
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Frequently Asked Questions About This Report
• How big is the artificial tendons and ligaments market?
• What is the artificial tendons and ligaments market growth?
• Which segment accounted for the largest artificial tendons and ligaments market share?
• Who are the key players in artificial tendons and ligaments market?
• What are the factors driving the artificial tendons and ligaments market?
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