Artificial Ligaments And Tendons Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Application (Knee Injury, Foot and Ankle Injury, Shoulder Injury, Others), By End User (Hospitals and Clinics, Ambulatory Surgical Centers), And By Geography - Forecasts From 2021 To 2026

The artificial ligaments and tendons market is evaluated at US$23.116 million for the year 2019 and is projected to grow at a CAGR of 12.45% to reach the market size of US$52.547 million by the year 2026.

Ligaments and tendons are bands or sheets of fibrous connective tissue that provide support and stability to the musculoskeletal system. Artificial ligaments possessed comparable efficacy to, and fewer postoperative complications than, allografts and autografts in ligament reconstruction, especially for the anterior cruciate ligament. Increasing incidences of sports injuries are a key driving factor anticipated to propel the growth of the artificial tendons and ligaments market during the forecast period. The injury often ruptures the anterior cruciate ligament (ACL) that does not heal after being torn. Due to advancements in technology, artificial ligaments are revolutionizing ACL repair and thus positively impacting the market growth. The market is expected to grow at a fast pace owing to the rising adoption of advanced technologies in the healthcare sector, rising disposable income of people across the globe, and increasing research and development activities in this field. Furthermore, the rise in the geriatric population is projected to lead to market growth during the assessment period. However, the high cost of surgery can hamper the market growth to an extent.

The recent outbreak of the novel coronavirus had a negative impact on the artificial ligaments and tendons market. Due to lockdown and social distancing measures, people were restricted in their homes, which led to a decline in sports activities, leading to a decline in the artificial ligaments and tendons market. Also, the sports events were canceled and postponed, due to which injuries in professional sports were also not seen. Along with the social distancing measures implemented during the pandemic to curb the spread of the virus, medical procedures and surgeries were also canceled and the major focus of the healthcare sector was made towards containing the spread of the deadly coronavirus. This led to a decline in the procedures for artificial ligaments and tendons in 2020 and consequently led to a decline in the growth of the artificial ligaments and tendons market. However, as the restrictions are being eased in most parts of the world, the market is anticipated to recover and continue at its normal pace from the year 2022 onwards.

Rising incidences of sports injuries.

One of the major factors anticipated to drive the growth of the artificial ligaments and tendons market One of the major factors anticipated to drive the growth of the artificial ligaments and tendons market during the forecast period is the increase in the number of cases of sports injuries, which is projected to bolster the demand for artificial ligaments and tendons. According to the National SAFE KIDS Campaign and the American Academy of Pediatrics, 775,000 children in the U.S. get treated in hospital emergency rooms for sports injuries and the number is increasing over the years. Football and bicycling are the leading sport-causing injuries among children. According to the Australian Institute of Health and Welfare, Government of Australia, around 60 thousand people were hospitalized for sports injuries in Australia in 2016-17 and the number is increasing over the years. It also states that 10% of the people hospitalized due to sports injuries suffered from life-threatening injuries. According to National Safety Council (NSC), United States, exercise accounted for nearly 468 thousand sports injuries in the United States in 2019. Bicycling and basketball led to nearly 417 thousand and 404 thousand sports injuries respectively. The number is increasing over the years, which is anticipated to propel market growth during the forecast period.

Growing geriatric population.

As the prevalence of orthopedic conditions increases with age, the demand for artificial ligaments and tendons is expected to surge during the assessment period with a rising number of geriatric people around the world. According to the World Population Ageing 2019 report by the Department of Economic & Social Affairs, UN, around 6% of the population was aged 65 or above in 1990 which increased to 9% in 2019, and it is projected to increase to 16% by 2050. The number of people aged 65 years or above is projected to increase from 703 million in 2019 to 1.5 billion by 2050. Around 1 in 11 people around the world was over the age of 65 in 2019 and it is projected to increase to 1 in 6 people by 2050, as per the report. This projected rise in the geriatric population is anticipated to boost the growth of the artificial ligaments and tendons market during the forecast period.

Europe to hold a significant market share.

Geographically, the European region is anticipated to hold a significant market share owing to the growth of sports in the region, coupled with a large number of sports injuries. Also, the growth of the medical devices industry is one of the drivers anticipated to propel market growth in the region during the forecast period. The Asia Pacific region is anticipated to witness substantial growth due to increased investment in healthcare leading to the availability of requisite healthcare facilities in the region, along with the rise in research and development activities.

Artificial Ligaments And Tendons Market Scope:

Segmentation

• By Application
  • Knee Injury
  • Foot and Ankle Injury
  • Shoulder Injury
  • Others
• By End-User
  • Hospitals and Clinics
  • Ambulatory Surgical Centers
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • UK
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

Frequently Asked Questions (FAQs)

Q1. What is the size of global artificial ligaments and tendons market?
A1. Artificial Ligaments And Tendons Market was valued at US$23.116 million in 2019.

Q2. What will be the artificial ligaments and tendons market size by 2026?
A2. The artificial ligaments and tendons market is projected to reach a total market size of US$52.547 million by 2026.

Q3. What are the growth prospects for the artificial ligaments and tendons market?
A3. The global artificial ligaments and tendons market is projected to grow at a CAGR of 12.45% during the forecast period.

Q4. What factors are anticipated to drive the artificial ligaments and tendons market growth?
A4. Increasing incidences of sports injuries are a key driving factor anticipated to propel the growth of the artificial tendons and ligaments market during the forecast period.

Q5. Which region holds the maximum market share of the artificial ligaments and tendons market?
A5. Geographically, the European region is anticipated to hold a significant market share owing to the growth of sports in the region, coupled with a large number of sports injuries.

Orthomed

Neoligaments

Cousin Biotech 

FX Solutions

Corin Group

Arthrex Inc.

Mathys AG Bettlach

FH Orthopedics

Stryker Corporation

Artelon