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The global artificial tendons and ligaments market has the potential to grow by USD 15,546.97 thousand during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.
This report provides a detailed analysis of the market by application (knee injuries, shoulder injuries, foot and ankle injuries, and other injuries) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Artelon, Cousin-Biotech, FX Solutions, GROUP FH ORTHO, LARS, Mathys AG Bettlach, MorphoMed GmbH, Orthomed, TRICOMED SA, and Xiros Ltd.
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The artificial tendons and ligaments market is currently concentrated, and the degree of concentration will remain the same during the forecast period. Market vendors are focusing on the development of 3D-printed human ligaments and tendons to strengthen their positions in the market. Artelon, Cousin-Biotech, and FX Solutions are a few of the major market participants. Although the advantages of artificial ligaments over autografts and allografts will offer immense growth opportunities, the high costs coupled with limited reimbursements will challenge the growth of the market participants. To increase their artificial tendons and ligaments market shares, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this artificial tendons and ligaments market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this artificial tendons and ligaments market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading artificial tendons and ligaments manufacturers, including:
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Europe was the largest market for artificial tendons and ligaments in 2019, and the region will continue to offer maximum growth opportunities to market vendors during the forecast period. Factors such as growing number of road accidents and sports injuries, rising healthcare funding and grants from governments, and increasing number of orthopedic reconstructive injuries are contributing to the artificial tendons and ligaments market growth in this region.
Over 43% of the market’s growth will originate from Europe during the forecast period. The UK, France, and Germany are the key markets for artificial tendons and ligaments in Europe. However, market growth in this region will be slower than the growth of the market in Asia and North America.
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Tendons and ligament injuries, such as ACL, PCL, medial collateral ligament (MCL), and lateral collateral ligament (LCL) are the most common knee injuries. Artificial tendons and ligaments are preferred for the treatment of such injuries because of their benefits, such as rapid recovery and reduced need for repair and reconstruction revision surgeries.
Market growth by the knee injuries segment will be faster than the growth of the market by the shoulder injuries, foot and ankle injuries, and other injuries segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the artificial tendons and ligaments market size.
The advantages of artificial ligaments over autografts and allografts has been identified as one of the significant factors driving the growth of the artificial ligaments and tendons market. Artificial ligaments are increasingly being preferred over autografts and allografts for the treatment of injuries such as ACLR. Autografts involve a prolonged operational procedure and are prone to slippage due to cyclic loads imposed during rehabilitation. They are also associated with surgical difficulties in terms of searching for autogenous grafts from severely damaged knees. Factors such as lack of proper organization of tissue banks for the supply of tissue grafts in developing countries, minor immunogenic rejections, and risk of disease transmission also limit the use of allogenic tissue grafts. Artificial ligaments help in overcoming these limitations of autografts and allografts. The fixation methods of artificial ligaments are resistant to slipping under cyclic loads. Artificial ligaments also have high strength, lower complication rates, and faster postoperative recovery benefits. These advantages of artificial ligaments make it ideal for use as an alternative in ligament reconstruction.
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