Global $35 Million Artificial Tendons & Ligaments Market (2018-2023): Expansion and Market Penetration Opportunities in Emerging Economies - ResearchAndMarkets.com

DUBLIN--()--The "Artificial Tendons and Ligaments Market by Application (Knee Injuries, Shoulder Injuries, Foot and Ankle Injuries, Spine Injuries, and Hip Injuries), and Region (North America, Europe, Asia Pacific, Rest of the World) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global artificial tendons and ligaments market is expected to reach USD 35 million by 2023 from USD 18.5 million in 2018, at a CAGR of 13.6%.

Based on application, the market is segmented into knee injuries, shoulder injuries, foot and ankle injuries, and other injuries (spine and hip injuries).

The knee injuries segment is expected to grow at the highest CAGR during the forecast period. This can be attributed to the increasing incidence of knee injuries, discomfort at the harvest site due to conventional surgical treatment methods that use autografts and allografts, rising participation in sports, and advantages of artificial tendons and ligaments as compared to autografts and allografts.

Market Dynamics

Drivers

  • Increasing Incidence of Sports Injuries
  • Growing Number of Initiatives to Increase Awareness About Artificial Tendons and Ligaments
  • Increasing Research Activities on Artificial Tendons and Ligaments
  • Increasing Preference for Minimally Invasive Surgeries
  • Benefits of Artificial Tendons and Ligaments
  • Issues Related to the Use of Orthobiologics

Restraints

  • Reluctance to Use Artificial Tendons and Ligaments Among Healthcare Providers
  • High Procedure Costs and Unfavorable Reimbursement Scenario Across Major Markets

Opportunities

  • Expansion and Market Penetration Opportunities in Emerging Economies

Challenges

  • Limited Clinical Evidence to Support the Efficacy of Artificial Tendons and Ligaments
  • Lack of Trained Professionals

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Initial Artificial Tendons and Ligaments: Product Failures

7 Industry Speaks

8 Artificial Tendons and Ligaments Market, By Application

9 Artificial Tendons and Ligaments Market, By Region

10 Market Share Analysis

11 Company Profiles

  • Lars
  • Neoligaments (a Division of Xiros)
  • Cousin Biotech
  • FX Solutions
  • Orthomed
  • Shanghai Pine&Power Biotech
  • Mathys

For more information about this report visit https://www.researchandmarkets.com/research/8zcgfb/global_35?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
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Related Topics: Orthopedic Devices

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Orthopedic Devices