LONDON--(BUSINESS WIRE)--The global artificial ligaments and tendons market is expected to grow by USD 15.54 million as per Technavio. This marks a significant market slowdown compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 11%.
Request challenges and opportunities that influence COVID-19 pandemic - Request free sample pages of the artificial ligaments and tendons market
Read the 120-page report with TOC on "Artificial Ligaments and Tendons Market Analysis Report by Application (Knee injuries, Shoulder injuries, Foot and ankle injuries, and Other injuries), Geography (Asia, Europe, North America, and ROW), and the Segment Forecasts, 2020-2024".
The market is driven by the advantages of artificial ligaments over autografts and allografts. In addition, the growing R&D in tissue-engineered ligaments is anticipated to boost the growth of the artificial ligaments and tendons market.
Artificial ligaments have high strength compared to autographs and allografts. Also, the use of artificial ligaments eliminates adverse effects such as donor site morbidity and disease transmission and has lower complication rates and faster postoperative recovery benefits. Moreover, unlike autographs and allographs, the fixation methods used for artificial ligaments are resistant to slipping under cyclic loads. Many such advantages offered by artificial ligaments over autographs and allographs are driving the growth of the market.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Major Five Artificial Ligaments and Tendons Companies:
Artelon operates its business in a unified business segment. The company offers tendons and ligaments reconstruction products for foot and ankle, knee, and shoulder. Some of the key offerings of the company include FLEXBAND, FLEXBAND Plus, and FLEXPATCH.
Cousin-Biotech operates the business through segments such as Spine, Visceral, Obesity, and Uro-Gynaecology. The company offers a wide range of artificial ligaments and tendons. NAJA and ResCUBE are some of the key offerings of the company.
FX Solutions operates the business through segments such as Arthroplasty and Osteosynthesis. ACROLIG is the key offerings of the company. It is a synthetic acromioclavicular ligament specially designed for articular triplasty.
GROUP FH ORTHO
GROUP FH ORTHO operates the business through segments such as Sport Surgery, Upper Limb, Bone Substitutes, Hip, Foot & Ankle, Knee, and Spine. Tenolig is the key offerings of the company. It is a percutaneous implant for acute Achilles tendon tears.
LARS operates the business in a unified business segment. LARS Artificial Ligaments is the key offerings of the company. It is intended for the intra or extra-articular reconstruction of ruptured ligaments, designed to mimic the normal anatomic ligament fibers.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Artificial Ligaments and Tendons Application Outlook (Revenue, USD Million, 2020 - 2024)
- Knee injuries
- Shoulder injuries
- Foot and ankle injuries
- Other injuries
Artificial Ligaments and Tendons Regional Outlook (Revenue, USD Million, 2020 - 2024)
- North America
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports on Healthcare Include:
Global Artificial Heart Market – Global artificial heart market by product (VAD and TAH) and geography (Asia, Europe, North America, and ROW).
Global Artificial Blood Substitutes Market – Global artificial blood substitutes market by product (HBOC and PFBOC) and geography (Asia, Europe, North America, and ROW).
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.