Artificial tendons and ligaments are biological implants that are utilized for the reconstruction of ruptured tendons and ligaments. According to Marketstack, the Global Artificial Tendons and Ligaments Market is expected to grow considerably during the forecast period. Factors such as the increased participation of the youth in sports and athletic activities and the resultant development in the incidence of knee injuries are expected to drive the Global Artificial Tendons and Ligaments Market in the forecasted period. Further, an upsurge in the incidence of accidents and a rise in the prevalence of osteoporosis cases and tendonitis are expected to drive the Global Artificial Tendons and Ligaments Market in the forecasted period. Furthermore, the surge in the ageing population, improvements in the medical industry, and government initiatives pertinent to awareness about sports injuries are expected to drive the Global Artificial Tendons and Ligaments Market in the forecasted period. However, the high cost associated with the procedure, unfavourable reimbursement scenario, reluctance to use artificial tendons and ligaments among healthcare providers, and limited clinical evidence to support the uses of artificial tendons and ligaments are projected to challenge the global artificial tendon and ligaments market in the forecasted period.
Artificial tendons and ligaments are extensively used for replacing ruptured tendons and ligaments in sports injuries, arthritis, knee injury and severe tendonitis.
The knee injuries segment is expected to hold the highest market share. This is mainly due to rising participation in sports, which leads to increased incidence of knee injuries and patient discomfort at the target site due to conventional surgical treatment methods that use allografts, etc. The knee injuries segment leads the global artificial tendons and ligaments market owing to several factors, including an increase in sports participation, a surge in the frequency of knee injuries, disconcert at the harvest site as an outcome of surgical treatment methods using allografts and autografts, and the benefits of artificial tendons and ligaments over autografts and allografts. Increased incidence of sports-related injuries and accidents propels the demand for artificial tendons and ligaments. Artificial ligament for knee injuries offers unique advantages over allografts and autografts, such as reduced procedural time, faster recovery, and higher availability than donor tendon grafts.
Moreover, advances in techniques related to anterior cruciate ligament (ACL) reconstructions that make the procedure more effective will boost segment growth in the forecasted period. The other applications segment includes elbow injuries, hip dislocation, and spinal injuries. Due to their high success rate, the feature is anticipated to register significant growth owing to increased total femoral tumour resections and prosthetic replacement procedures. With growing age, conditions like weak bones and soft connective tissues like ligaments and tendons, as well as cartilage wear and tear, pose a more critical risk factor for the development of knee-related injuries. Adopting artificial tendons and ligaments can result in fast recovery post-accident, driving revenue growth in the knee injuries segment. Artificial tendons and ligaments are favoured for treating and repairing such injuries due to the advantages, including quick healing and a reduced need for revision surgeries for repairs and reconstruction. Therefore, such factors are expected to contribute to the segment's growth in the forecast period.
North America will dominate the overall artificial tendons and ligaments market. The dominance is owing to several factors, such as growing sports injuries and the increasing geriatric population in this region. Hospitals are the largest usage area where surgeries with artificial tendons and ligaments are performed. Greater patient footfall seeking advanced healthcare, higher rate of readmissions arising from complications from surgeries, presence of supportive and developed infrastructure, and more significant presence of hospitals across all geographies drive the dominance of this segment. The ambulatory surgery centers segment shall be advancing at a rapid growth rate during the forecast period. Decentralizing healthcare infrastructure has led large hospitals to establish independent ambulatory centres at remote locations. Procedures at these places are often performed at a higher cost than those in hospitals. This has also, in turn, led to a surging preference for patients to opt for procedures at ambulatory surgery centres, thereby driving the swift growth of this segment. Artificial ligaments and tendons temporarily support the ruptured tissues until the tissue cells regenerate the natural tendons or ligaments. Hence, these are utilized over autografting procedures in the medical field. Using these implants is preferable to autografting as they are assured in terms of the medical process. Also, no donor is needed to donate the tendons or ligaments. The treatment for disrupted bones and ligaments is only to fix artificial tendons and ligaments until the body regenerates the tissues, contributing to the market. An increase in sports or motor accidents on the road is a critical driver for the global artificial ligaments market.
The market players are FX Solutions, Corin Groups, Artelon, F H Orthopedics, and Mathys AG.
On 7 March 2023, Smith-Nephew, which is a leading global provider of medical technology, initiated the new QUADTRAC Quadriceps tendon Harvest Guidance System X-WING Gran Preparation System and series of ULTRABUTION Adjustable Fixation Devices. These technologies offer an inventive procedural solution, enhancing Smith Noplow's capacity to case to surgeon graft preference.
On 7 March 2023, a concession for distribution was reached with Veterans Health Medical Supply, according to Mach Orfpendice Inc., which is a business that is converting the treatment of Anterior Cruciate Ligament tears from reconstruction to restoration with the Bridge Enhanced ACL Restoration Implare (VHS) With the ECAT government contract, the deal gives clients in 236 Department of Deferas and Department of Veterans Affairs healthcare facilities access to the BEAR Implant.
Global Artificial Tendons and Ligaments Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Artificial Tendons and Ligaments Market by segmenting based on Application (Knee Injuries, Shoulder Injuries, Foot and Ankle Injuries, Others), End-user Industry (Hospitals and Clinics, ASCs), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). The report examines the market drivers and restraints and the impact of COVID-19 on market growth in detail. The study covers emerging market trends, development, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
Global Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
North America Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
United States Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
Canada Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
Mexico Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
Europe Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
United Kingdom Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
Germany Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
Other Supporting Charts
Italy Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
France Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
Spain Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
Rest of Europe Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
South America Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
Brazil Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
Argentina Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
Rest of South America Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
Asia-Pacific Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
China Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
India Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
Japan Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
South Korea Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
Rest of Asia-Pacific Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
Middle East & Africa Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
Saudi Arabia Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
South Africa Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029
Rest of Middle-East & Africa Artificial Tendons and Ligaments Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029