USD 9.78 million
Artificial Tendons And Ligaments Market Size, Share, Growth Analysis, By End-Use(Hospitals, Clinics, Specialty Clinics), By Application(Knee Injuries, Shoulder Injuries, Foot, Ankle Injuries), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35J2093 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|Tables:
65
|Figures:
75
Artificial Tendons And Ligaments Market Insights
Artificial Tendons And Ligaments Market size was valued at USD 11.11 Million in 2023 and is poised to grow from USD 12.62 Million in 2024 to USD 39.76 Million by 2032, growing at a CAGR of 13.6% during the forecast period (2025-2032).
Artificial ligament, together with any required anchoring mechanisms, is a tool used to support or replace the natural ligament. The intended performance, design qualities, materials, design evaluation, fabrication and inspection, sterilization, and packaging are a few crucial aspects to take into account when designing ligaments. The primary aspects to be taken into account in the design evaluation, pre-clinical and clinical studies are the mechanical loads and associated movements that the implants may experience during use, as well as fatigue testing of the highly stressed sections. Sports-related safety precautions are frequently overlooked, which can lead to a variety of moderate to serious injuries. A&E departments in England treated an estimated 165,000 cases of sports-related injuries in 2019, according to Accident & Emergency (A&E) figures released by the U.K. Parliament. The use of synthetic tendons and ligaments for knee, ankle, and tendon reinforcement will also rise due to the rising desire for minimally invasive procedures, government initiatives related to raising awareness about sports injuries, and developments in surgical techniques.
Complications from both autologous and allogeneic transplants include quadriceps weakening, tendon rupture, anterior knee discomfort, and loss of complete extension. Because of the potential hazards involved with autograft and allograft surgeries, synthetic materials for ligament restoration have been developed. Players in the industry and different research organizations are concentrating on R&D activities to identify a unique material with high tensile strength, abrasion resistance, and no immunological reaction. New synthetic ligament grafts that can integrate with natural bones, support the knee, and encourage the formation of new ligament tissues are also being developed by researchers. For instance, researchers at Hokkaido University created a flexible, robust, fiber-reinforced hydrogel biomaterial in July 2021 that can withstand normal wear and tear. The scientific team proposed that the substance may be used to create artificial ligaments, tendons, or organs. Therefore, it is projected that increasing R&D activities will maintain this market's strong growth trajectory.
US Artificial Tendons And Ligaments Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Ambulatory Surgery Centers
Fastest Growth
Ambulatory Surgery Centers
Growth Rate
13.6% CAGR
Global Artificial Tendons and Ligaments Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Artificial Tendons And Ligaments Market Segmental Analysis
Global Artificial Tendons and Ligaments Market is segmented based on Application, and End-use. Based on Application the market is further sub-segmented into Knee Injuries, Shoulder Injuries, Foot and Ankle Injuries, and Other Injuries, and According to End users, the market is further sub-segmented into Hospitals and Clinics, Specialty Clinics, Ambulatory Surgery Centres, and Others.
Artificial Tendons And Ligaments Market Analysis by Application
Due to an increase in ACL injuries, the knee injuries segment is anticipated to see significant growth in the artificial tendons and ligaments market through 2028. These accidents typically happen while playing sports that require a lot of jumping and quick starts and stops. It should be emphasized that more than 70% of ACL tears take place without a hit or any type of contact with the knee. According to statistics, one in every 3,000 Americans suffers from an ACL injury. Over the predicted timeframe, these variables are expected to fuel segmental expansion.
Artificial Tendons And Ligaments Market Analysis by End-Use
Over the years 2022-2028, the hospitals and clinics segment is anticipated to grow profitably. The increased frequency of tendon repairs in outpatient settings with brief hospital stays is primarily responsible for this increase. Tendon grafts are one of the various devices needed for repair; they are applied by surgeons in cases of serious injury. Clinics and hospitals also offer a wide range of reconstruction and repair services, therefore the sector is expected to have significant growth over the next years.
Global Artificial Tendons and Ligaments Market Share By End-use, 2021 (%)
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Artificial Tendons And Ligaments Market Regional Insights
Due to increasing product acceptance and strong consumer awareness of artificial grafts for the treatment of various sports injuries, Europe held a significant market share in 2021. Furthermore, the market will be stimulated by the presence of major players in the area. For instance, the Patellar Tape System and Jewel ACL products are produced by Xiros Ltd in the UK, and the Corin Group sells LARS ligaments in the UK (under the brand name Neoligaments). Additionally, these firms are concentrating on extending their distribution networks in the area, which could increase product penetration. The primary European markets are Germany, France, and the United Kingdom, which together accounted for more than 60% of sales in 2021. This is because more people are participating in sports, which is leading to an increase in the frequency of anterior cruciate ligament (ACL) tears. A report from the Health Economics Review from 2021 estimates that 30,000 ACL ruptures are repaired annually in Germany, costing the country's hospitals US$ 129.61 million.
During the projection period, it is expected that the Asia Pacific market will expand significantly. The market is fuelled by significant research and development expenditures from major international market participants as well as raising public awareness of the benefits of using artificial tendons and ligaments for ACL surgeries. While China and India are expected to have strong growth over the predicted period, Australia and Japan are already well-established markets in the area. Currently, in the United States, synthetic grafts are preferred over using autologous, allogenic ligaments and tendons for orthopedic procedures involving the knee, ankle, and shoulder. Additionally, the LARS artificial ligament, which is popular in Canada and several European nations, has not received US FDA approval. Therefore, it is anticipated that impending product approvals against the backdrop of ongoing clinical trials would give the North American market a platform for growth over the projection period.
Global Artificial Tendons and Ligaments Market By Geography, 2021 - 2028
- Largest
- Fastest
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Artificial Tendons And Ligaments Market Dynamics
Artificial Tendons And Ligaments Market Driver
- The primary element influencing the market is the rise in sports injuries. The majority of sports-related injuries are brought on by mishaps, bad technique, inadequate warm-up, and stretching, and a lack of conditioning. Among the most frequent sports injuries seen in athletes include tennis elbow, ankle sprains, groyne pulls, hamstring strains, and ACL tears.
- The primary driver of the market is likely to emerge as the increasing prevalence of sports-related injuries, particularly in developed nations like the U.S. and the U.K. The demand for artificial tendons and ligaments is anticipated to increase due to the increasing popularity of minimally invasive surgeries for tendon and ligament reconstruction. The market for artificial tendons and ligaments is experiencing increased clinical opportunities as a result of the rising demand for surgical procedures that are minimally painful for patients. Rapid improvements in knee replacement procedures in developed nations are also likely to provide a significant, positive boost to market growth in the not-too-distant future.
Artificial Tendons And Ligaments Market Restraint
- Rising research and development costs are expected to stifle the Artificial Tendons and Ligaments market's expansion throughout the forecasted period. However, the Artificial Tendons and Ligaments market will face safety and regulatory issues shortly.
- Healthcare providers are reluctant to use artificial tendons and ligaments, largely due to the high cost of the associated procedures and the unfavorable reimbursement environment. Additionally, the clinical effectiveness of these artificial tendons and ligaments is hampered by a variety of risks, most notably the risk of synovial membrane inflammation in patients.
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Artificial Tendons And Ligaments Market Competitive Landscape
The worldwide Artificial Tendons and Ligaments market appears fragmented, Because of the large number of participants. Players in corporate strategic efforts such as mergers and acquisitions, expansion, collaboration, and product/technology introduction seek to achieve a greater competitive share. They put a lot of money into changing the consumer and business scene, as well as driving R&D.
Artificial Tendons And Ligaments Market Top Players company Profiles
- Johnson & Johnson Services, Inc.
- Arthrex Inc.
- Cousin Biotech
- FX Solutions
- Integra LifeSciences Holdings Corporation
- LARS (Corin Group)
- Mathys AG Bettlach
- Medtronic plc
- Neoligaments (Xiros)
- Orthonika, Inc.
- Össur hf
- Performance Fibers Inc.
- Shanghai Pine&Power Biotech Co., Ltd.
- Smith & Nephew plc
- Stryker Corporation
- Surgical Frontiers LLC
- Tornier Inc.
- United Orthopedic Corporation
- Zimmer Biomet Holdings, Inc.
- Zipline Medical, Inc.
Artificial Tendons And Ligaments Market Recent Development
- In March 2021, The top three players, Corin Group, Xiros Ltd (Neoligament), and Mathys AG Bettlach, collectively controlled more than 60% of the market in 2021. These businesses are concentrating on growing their distribution networks and R&D facilities in order to extend their geographic reach and production capacity, which will bolster their competitive position. For instance, Corin opened a new corporate office and production plant in the UK in June 2021. The company's manufacturing and distribution capacity is expected to increase as a result of this strategic strategy, supporting its expansion both locally and internationally.
Artificial Tendons And Ligaments Key Market Trends
- The segment for knee injuries is anticipated to have the largest market share. This is primarily because of factors like the rise in sports participation, which increases the likelihood of knee injuries, patient discomfort at the target site as a result of traditional surgical treatment approaches using allografts, etc. Artificial ligaments for knee injuries provide distinct advantages over allografts and autografts, including shorter recovery times, higher availability, and faster procedure times than donor tendon grafts.
- New synthetic ligament grafts that can merge with natural bones, stabilize the knee, and encourage the growth of new ligament tissues are also being developed by researchers. For instance, researchers from Hokkaido University created a flexible, robust, fiber-reinforced hydrogel biomaterial that can withstand normal wear and tear. The scientific team proposed that the substance could be used to create artificial ligaments, tendon, or organs.
Artificial Tendons And Ligaments Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using exploratory Research backed by robust Secondary Desk research.
According to our Global Artificial Tendons and Ligaments market analysis, in 2022, Asia Pacific is expected to dominate the Artificial Tendons and Ligaments Market Services market with increasing research and development expenditure and awareness among the people. Knee injuries and the rising aging population have emerged as major trends in this market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 11.11 Million |
| Market size value in 2032 | USD 39.76 Million |
| Growth Rate | 13.6% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Artificial Tendons And Ligaments Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Artificial Tendons And Ligaments Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Artificial Tendons And Ligaments Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Artificial Tendons And Ligaments Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Artificial Tendons And Ligaments Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Artificial Tendons And Ligaments Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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