Global Cruciate Ligament Repair Procedures Market By Type (PCL, ACL), Injury Type (Grade I, Grade II, Grade III), Product (Cemented Implants, Cement-Less Implants, Partial Implants, Revision Implants), Indication (Osteoarthritis, Rheumatoid Arthritis, Trauma, Others), Diagnosis (Imaging, Others), Treatment (Surgery, Therapies, Devices, Others), End-User (Hospitals, Orthopedic Clinics, ASC, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Cruciate Ligament Repair Procedures Market
Global cruciate ligament repair procedures market is expected to rise to an estimated value of USD 17.42 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing awareness and concerns regarding the injuries.
Market Definition: Global Cruciate Ligament Repair Procedures Market
Cruciate ligament can be defined as a ligament present in the knee that crosses from the underside of the thigh bone to the top of the bigger bone in the lower leg. The procedure involving the treatment of this ligament includes replacement and reconstruction of knee and related ligaments. Knee injury is a type of musculoskeletal injury normally found in athletes. Rising participation in the sports leads to knee injuries. The important devices utilized in these procedures are the ligament implant and artificial tendons.
- Increasing incidence of accidents, sports injures may lead to the growth of the market
- Advancement in the technique of surgery will drive the market growth
- Increase in geriatric population with rising level of obesity and number of diseases will also augment the growth of this market in the forecast period
- Increase research and development activities coupled with innovative therapies acts as a market driver
- High cost associated with knee related surgery hampers the market growth
- Dearth of skilled and trained physicians will impede the growth of the market
- Poor quality of healthcare system in developing countries will also restrict the market growth
Segmentation: Global Cruciate Ligament Repair Procedures Market
- Posterior Cruciate Ligament (PCL)
- Anterior Cruciate Ligament (ACL)
- Non -Clinical
By Injury Type
- Grade I
- Grade II
- Grade III
- Cemented Implants
- Cement-Less Implants
- Partial Implants
- Revision Implants
- Rheumatoid Arthritis
- Abdominal X-Ray
- Magnetic Resonance Imaging (MRI)
- Anterior Cruciate Ligament (ACL) Reconstruction
- Physical Therapies
- Elastic Bandages
- Orthopedic Clinics
- Ambulatory Surgical Centers (ASC)
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Key Developments in the Market:
- In August 2019, Fuse Medical launched “Sterizo Total Knee Replacement System”, it is based on the latest technology offering a wide range of size as well as multi stabilization options such as ‘Cruciate Retained’, ‘Ultra Congruent Anterior Stabilized’ and Posterior Stabilized. This will benefit the surgeon in performing the total knee replacement therapy
- In April 2017, Microport Orthopedics launched two knee replacement-based products branded as “Evolution Revision Tibial System” and the “Evolution BioFoam Tibia”. It will help to adapt the patients’ needs in fixing by low quality of bone stock. This will give surgeon broad choices to treat their patient.
Global cruciate ligament repair procedures market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market share of cruciate ligament repair procedure market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global cruciate ligament repair procedures market are Xiros, Medical Devices Business Services, Inc., Stryker, Corin, Smith+Nephew, Mathys Ltd Bettlach, GROUP FH ORTHO communication, Artelon, Zimmer Biomet, Colfax Corporation, CONMED Corporation, Bauerfeind, Össur Corporate, Ottobock, United Orthopedic Corp, Exactech, Inc., Wright Medical Group N.V., Breg, Inc., MicroPort Scientific Corporation, Fuse Medical among others.
Research Methodology: Global Cruciate Ligament Repair Procedures Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
- Current and future of global cruciate ligament repair procedures market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)