Cruciate Ligament Repair Procedures Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Germany, UK, China, Japan - Size and Forecast 2024-2028

Cruciate Ligament Repair Procedures Market Size 2024-2028 

The cruciate ligament repair procedures market size is forecast to increase by USD 4.67 billion, at a CAGR of 8.51% between 2023 and 2028. The market is witnessing significant growth due to the rising incidence of road accidents leading to knee injuries. The lucrative opportunities in emerging economies, particularly in Asia Pacific, are attracting market players to expand their footprint.

Ambulatory surgery centers are increasingly adopting advanced technologies, such as the BEAR Implant and cemented implants from companies like Arthrex and Oregon Health Sciences University, to offer minimally invasive procedures and enhance patient outcomes. However, the shortage of skilled orthopedic surgeons remains a major challenge for market growth. These factors are shaping the future of the market.

Market Analysis

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The market is witnessing significant growth due to the rising prevalence of knee ligament injuries, particularly ACL injuries. According to the National Safety Council, over 200,000 ACL injuries occur annually in the US alone. These injuries often lead to joint instability and increase the risk of developing osteoarthritis and rheumatoid arthritis. Synovial fluid, which lubricates the knee joint, plays a crucial role in the healing process. Orthopedic surgeons and sports medicine specialists perform cruciate ligament repair surgeries in hospitals and ambulatory surgery centers using various implant types, including cemented implants, cement-less implants, partial implants, and revision implants.

Trauma is a leading cause of cruciate ligament injuries, making them common among athletes and the elderly. Bear implant, Oregon Health, and Michigan State University are some institutions at the forefront of research and development in this field. Therapies and devices used in cruciate ligament repair include arthroscopic procedures, physical therapy, and bracing. The market is expected to grow further due to the increasing number of orthopaedic clinics and ambulatory surgical centers offering these procedures. However, challenges such as high costs and potential complications, including infection and implant failure, may hinder market growth.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Type
  • Anterior cruciate ligament repair
  • Posterior cruciate ligament repair
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • Asia
    • China
    • Japan
  • Rest of World (ROW)

By Type Insights

The anterior cruciate ligament repair segment is estimated to witness significant growth during the forecast period. The anterior cruciate ligament (ACL), a crucial component of the knee joint, requires surgical intervention when torn or injured. ACL repair procedures involve the replacement of damaged cruciate muscles with a tissue graft. Two types of grafts are utilized in this process: autografts and allografts. An autograft involves transferring tissue from one part of the body to another within the same individual, such as bone marrow or skin grafts. Conversely, an allograft entails the transplantation of an organ, cells, or tissue from one person to another of the same species. Notable market participants in the ACL repair segment include Smith & Nephew Plc and Zimmer Biomet Holdings Inc. These entities contribute significantly to the advancement and provision of innovative solutions for ACL repair procedures.

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The anterior cruciate ligament repair segment accounted for USD 4.95 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market has witnessed significant growth in recent years, with North America leading the way. The North American region accounted for the largest share of the market in the past few years and is projected to maintain this trend throughout the forecast period. The US and Canada are the primary contributors to the market in this region, driven by the increasing adoption of cruciate ligament repair procedures, advanced healthcare infrastructure, a high prevalence of knee diseases and associated risk factors, and the growing number of surgeries performed by orthopedic surgeons and sports medicine specialists in hospitals.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Market Driver

The growing incidence of road accidents is the key driver of the market. The National Safety Council reports that road accidents result in approximately 1.25 million fatalities and 20-50 million injuries annually. Among these injuries, knee ligament damages, particularly to the Anterior Cruciate Ligament (ACL), are common due to the impact of sudden deceleration or the unnatural positions caused by vehicle crumpling during accidents. These injuries can lead to chronic conditions such as arthritis, necessitating cruciate ligament repair procedures. Synovial fluid, which lubricates the joints, can be affected, leading to joint inflammation and pain. Crucially, cruciate ligament repair procedures are essential for restoring mobility and functionality to the affected knee.

Market Trends

Lucrative opportunities in emerging economies are the upcoming trend in the market. The market is experiencing significant growth in emerging economies due to the increasing demand for medical devices and the expanding middle-class population. By 2022, approximately one-third of global healthcare spending is projected to originate from these economies, including China and India. The National Safety Council reports that knee ligament injuries are common, particularly in sports and accidents, leading to a high demand for cruciate ligament repair procedures. Synovial fluid, a vital component of the knee joint, plays a crucial role in the healing process. Moreover, the rise in arthritis cases, particularly in the aging population, further increases the need for such procedures.

As a result, medical device manufacturers are focusing on developing cost-effective solutions to cater to the growing demand in these markets. The use of advanced technologies, such as arthroscopic procedures, is becoming increasingly popular due to their minimally invasive nature and quicker recovery times.

Market Challenge

A shortage of skilled orthopedic surgeons is a key challenge affecting the market growth. The National Safety Council reports that knee ligament injuries, including cruciate ligament damages, are common, particularly in sports and physical activities. Cruciate ligament repair procedures are essential for restoring knee functionality and preventing complications such as arthritis. However, the success rate of these procedures heavily relies on the expertise of orthopedic surgeons. The orthopedic workforce is insufficient in several developing countries, and even in developed nations like the US, the shortage of skilled orthopedic surgeons is projected to worsen by 2025. This deficiency is more pronounced among surgeons specialized in cruciate ligament repair procedures. Synovial fluid, which lubricates the knee joint, plays a crucial role in the healing process.

Ensuring an adequate supply of skilled orthopedic surgeons is vital to address the increasing demand for cruciate ligament repair procedures and improve patient outcomes.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Arthrex Inc.: The company offers Arthrex ACL reconstruction techniques which include hamstring or BTB graft harvest preparation, ACL RetroConstruction ot FlipCutter drill or All Inside ACL reconstruction and FlipCutter drill medial portal femoral socket preparation, transtibial ACL reconstruction, ACL soft-tissue graft fixation, and ACL BTB graft fixation.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Bauerfeind USA Inc.
• Coastal Chiropractic
• Conmed Corp.
• DJO Global Inc.
• Exactech Inc.
• Integra Lifesciences Corp.
• Johnson and Johnson Services Inc.
• Mathys AG Bettlach
• Miach Orthopaedics Inc.
• MicroPort Scientific Corp.
• Olympus Corp.
• Ossur hf
• Ottobock SE and Co. KGaA
• Smith and Nephew plc
• Stryker Corp.
• Tissue Regenix Group Plc
• United Orthopedic Corp.
• Xiros Ltd.
• Zimmer Biomet Holdings Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The market is witnessing significant growth due to the increasing prevalence of knee ligament injuries, particularly anterior cruciate ligament (ACL) injuries. These injuries are common among athletes and result from trauma during sports activities. The market is segmented into cemented implants, cement-less implants, partial implants, and revision implants. Orthopedic surgeons and sports medicine specialists perform cruciate ligament repair surgeries in hospitals and ambulatory surgery centers. Cruciate ligament repair devices include surgical tissue grafts and implants. Key players in the market are developing advanced implants, such as the Bear Implant and Arthrex, to enhance the healing process and reduce the risk of osteoarthritis and rheumatoid arthritis.

Moreover, the use of these advanced implants is expected to drive market growth. Additionally, the development of minimally invasive surgical procedures and therapies is also contributing to market growth. Knee injuries, musculoskeletal injuries, and ACL injuries are major indications for cruciate ligament repair procedures. The market is expected to grow further due to the increasing awareness of knee injuries and the availability of advanced treatment options. The use of synovial fluid in the diagnosis and treatment of knee injuries is also expected to provide opportunities for market growth. However, the high cost of cruciate ligament repair procedures and the risk of complications, such as infection and blood clots, are major challenges for the market.

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What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across North America, Europe, Asia, and Rest of World (ROW)
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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