The increasing prevalence of sports injuries, such as ankle sprain, groin pull, hamstring strain, tennis elbow as well as an increase in patient demand for minimally invasive treatments, are two important reasons driving the artificial tendons and ligaments market. For example, according to “Accident and Emergency (A&E) data,” around 24.8 million sports injuries were reported in 2019, up 2% from 2018. Patient’s lack of understanding and healthcare practitioners’ hesitation to use artificial tendons and ligaments might potentially hamper industry expansion.
In the forecast period, North America is expected to dominate the global artificial tendons and ligaments market. The region’s supremacy is attributable to a number of causes, including an increase in sports injuries and a growing older population. Due to factors such as greater awareness, general acceptance of revolutionary surgical treatments, and adoption of sophisticated healthcare infrastructure in the region, the United States has the biggest market share followed by UK in the Europe.
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Artificial Tendons and Ligaments Market Report Highlights
- In February 2020, Olympus Announces Acquisition of FH ORTHO, an International Orthopaedics Company in France to build on its portfolio of innovative and patient-focused solutions that are used in MIS procedures in ligament repair, foot & ankle, and trauma surgery.
- In May 2020, Corin entered into a strategic partnership with REM Systems recognized as a leading provider of equipment, devices and consumables across the New Zealand healthcare market to improve patient outcomes, with a strong focus in orthopaedic surgery.
- In August 2018, Global Orthopaedic Technology Pty Ltd., an orthopaedic implant designer and producer, was bought by Corin Group, an international orthopaedic corporation. Corin’s position in the hip and knee joint replacement market will be strengthened as a result of this acquisition.
ARTIFICIAL TENDONS AND LIGAMENTS MARKET SEGMENTATION
The research report published by Market Research Strategy contains industry segments, as below-
Artificial Tendons and Ligaments Application Outlook (Revenue, USD Million, 2016 – 2027)
- Knee Injuries
- Foot and Ankle Injuries
- Shoulder Injuries
Artificial Tendons and Ligaments End User Outlook (Revenue, USD Million, 2016 – 2027)
- Hospitals & Clinics
- Ambulatory Surgery Centres (ASCs)
Artificial Tendons and Ligaments Regional Outlook (Revenue, USD Million, 2016 – 2027)
- North America
- Asia Pacific
- South Korea
- Central & South America
- Middle East & Africa
- Saudi Arabia
- South Africa
List of Key Players- Artificial Tendons and Ligaments Market
- Orthomed S.A.S.
- Corin Group
- Arthrex Inc.
- Mathys AG Bettlach
- Cousin Biotech
- FX Solutions
- Stryker Corporation
- Shanghai Pine & Power Biotech Co., Ltd.
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