Global Artificial Tendons and Ligaments Market, By Implants (Silastic-Rod Implant, Carbon-Fiber Implant, Marlex Mesh), Materials (Carbon, Carbon and Polyester, Leeds-Keio Polyester, Dacron, Bovine Glutaraldehyde-Fixed Xenograft, Gore-Tex Polytetrafluoroethylene), Application (Knee Injuries, Shoulder Injuries, Foot and Ankle Injuries, Other Injuries), End- User (Hospitals and Clinics, Ambulatory Surgery Centers), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Artificial Tendons and Ligaments Market
The artificial tendons and ligaments market is expected to witness market growth at a rate of 12.19% in the forecast period of 2022 to 2029. Data Bridge Market Research report on artificial tendons and ligaments market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the healthcare sector globally is escalating the growth of artificial tendons and ligaments market.
A tendon refers to a flexible and strong fibrous tissue that is attached to a bone. Whereas, the ligament is defined as a fibrous band of connective tissues that assist in supporting the internal organs and holding the bone together at the joints. An artificial tendon consists of component fibers such as polypropylene, polyNaSS, polyacrylonitrile fiber or PET.
The increase in the incidence of sports injuries across the globe acts as one of the major factors driving the growth of artificial tendons and ligaments market. The rise in number of initiatives to increase awareness about artificial tendons and ligaments, and surge in research activities on artificial tendons and ligaments accelerate the market growth. The increase in the preference for minimally invasive surgeries, and presence of issues related to the use of orthobiologics further influence the market. Additionally, growth in awareness, surge in aging population, improvements in the medical industry, and government initiatives pertinent to awareness about sports injuries positively affects the artificial tendons and ligaments market. Furthermore, advancements in surgical procedures extend profitable opportunity to the market players in the forecast period of 2022 to 2029.
On the other hand, high cost associated with the procedure and unfavorable reimbursement scenario are expected to obstruct the market growth. Reluctance to use artificial tendons and ligaments among healthcare providers and limited clinical evidence to support the efficacy of artificial tendons and ligaments are projected to challenge the artificial tendons and ligaments market in the forecast period of 2022-2029.
This artificial tendons and ligaments market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on artificial tendons and ligaments market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Artificial Tendons and Ligaments Market Scope and Market Size
The artificial tendons and ligaments market is segmented on the basis of implants, materials, application and end- users. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core 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.
Artificial Tendons and Ligaments Market Country Level Analysis
The artificial tendons and ligaments market is analyzed and market size insights and trends are provided by country, implants, materials, application and end- users as referenced above.
The countries covered in the artificial tendons and ligaments market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, 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), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the artificial tendons and ligaments market because of the high product adoption, coupled with high awareness about artificial grafts for treatment of various sports injuries within the region. Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the research and developmental investments by key global market players in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The artificial tendons and ligaments market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for artificial tendons and ligaments market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the artificial tendons and ligaments market. The data is available for historic period 2010-2020.
Competitive Landscape and Artificial Tendons and Ligaments Market Share Analysis
The artificial tendons and ligaments market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to artificial tendons and ligaments market.
Some of the major players operating in the artificial tendons and ligaments market report are LARS, Neoligaments, Artelon, GROUP FH ORTHO communication, and Integra LifeSciences Corporation, among others.