The rising geriatric population is expected to drive the demand for Collateral Ligament Stabilizer Systems during the forecast period. In addition, an increase in the number of road accidents is also considered as one of the drivers, which propels the demand for Collateral Ligament Stabilizer System. Increasing number of road accidents leads to an increase in demand for knee braces and support for pain management, thereby increasing the adoption of these products. Increased occurrences of road accidents, sports injuries, orthopaedic diseases, rising number of geriatric population with low calcium density, rising trend of sports activities such as baseball, football, rugby, and others, and rising demand for knee braces and support for pain management are all expected to boost the collateral ligament stabiliser system market.On the other hand, limited awareness on use of ligament stabilizers and high cost of knee surgeries are expected to restrain the market growth.
The North America market is estimated to dominate the global market. This growth can be mainly attributed to the rising incidence of sports injuries in this region. The rise in the number of patients affected by these injuries is increasing the demand for Collateral Ligament Stabilizer System, thereby boosting the growth of this region. Moreover, increasing geriatric population and well-developed reimbursement structure are factors contributing to the overall growth of the North America Collateral Ligament Stabilizer System market.
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List of Key Players- Collateral Ligament Stabilizer System Market
- DePuy Synthes
- Arthrex, Inc.
- DJO Global
- DeRoyal Industries, Inc.
- Darco International, Inc.
Collateral Ligament Stabilizer System Market Report Highlights
- In 2020, U.S. Food and Drug Administration granted marketing authorization—under the De Novo premarket review pathway—for an anterior cruciate ligament (ACL) implant, intended to serve as an alternative to ACL reconstruction to treat ACL tears
- In 2020, Anika Therapeutics announced U.S. Food and Drug Administration (FDA) clearance and the planned launch of multiple new product innovations that address the needs of orthopedic and sports medicine surgeons and their patients seeking to stay active by overcoming soft tissue damage
- In 2020, Embody, Inc., received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its TAPESTRY Biointegrative Implant for tendon and ligament repair
Collateral Ligament Stabilizer System Market Segmentation
The research report published by Market Research Strategy contains industry segments, as below-
Collateral Ligament Stabilizer System Product Outlook (Revenue, USD Million, 2016 – 2027)
- Medial Collateral Ligament
- Lateral Collateral Ligament
Collateral Ligament Stabilizer System Injury Type Outlook (Revenue, USD Million, 2016 – 2027)
- Grade 1 Injury
- Grade 2 Injury
- Grade 3 Injury
Collateral Ligament Stabilizer System End User Outlook (Revenue, USD Million, 2016 – 2027)
- Hospitals & Diagnostics
- Orthopedic Clinics
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