Artificial Ligaments Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

A ligament is a fibrous band of connective tissues that supports the internal organs, holds the bone together at the joints, and ensures the proper functioning of the musculoskeletal system. The ligament is of two types, i.e., white and yellow ligament. Artificial ligaments are devices intended to replace damaged ligaments. It acts as supporting material. They are used for temporary replacement while a new tendon sheath develops. Artificial ligaments are made of synthetic polymers, such as polypropylene, polyethylene terephthalate.

MARKET SCOPE

The "Global Artificial Ligaments Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the artificial ligaments market with detailed market segmentation by application, end user, and geography. The report provides key statistics on the market status of the leading artificial ligaments market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  Based on application, the market is segmented into knee injuries, shoulder injuries, foot and ankle injuries, hip injuries and others.
  
•  On the basis of end-users, the market is bifurcated into hospitals & clinics and ambulatory surgical centers.
  

MARKET DYNAMICS

Drivers:

•  Rise in the incidence of sports injuries.
  
•  Increase in the preference for minimally invasive surgeries.
  
•  Growing government initiatives to increase awareness regarding artificial ligaments.
  
•  Limited awareness associated with sports-related safety measures.
  
•  Rise in the number of R&D activities on artificial ligaments.
  

Restraints:

•  High prices of treatment.
  
•  Unfavorable reimbursement policies.
  
•  Lack of willingness of healthcare providers to use artificial ligaments.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The artificial ligaments market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the artificial ligaments market in these regions.

IMPACT OF COVID-19 ON ARTIFICIAL LIGAMENTS MARKET

COVID-19 initially began in Wuhan (China) in December 2019, and till now, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. With increasing cases of COVID-19, the implementation of restrictive measures such as lockdown in various countries there were fewer road accidents and associated injuries that affected the growth of the market. Moreover, emergency procedures were allowed to be carried out except that all other procedures were postponed or canceled. People were also hesitant to visit hospitals, clinics due to fear of virus transmission; as a result, the patient pool also decreased, which affected the artificial ligaments market's growth. However, after the removal of restrictive measures, the market may witness slow and steady growth in the forecast period.

MARKET PLAYERS

The report covers key developments in the artificial ligaments market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from artificial ligaments market are anticipated to have lucrative growth opportunities in the future with the rising demand for artificial ligaments in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the artificial ligaments market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Orthomed
  
•  Neoligaments
  
•  Shanghai Pine and Power Biotech
  
•  Corin Group
  
•  Mathys AG
  
•  LARS LIGAMENTS
  
•  Cousin Biotech
  
•  FX Solutions
  
•  Integra LifeSciences Corporation
  
•  Exactech
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Artificial Ligaments Report Scope