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 Forecasts to 2023
The global artificial tendons and ligaments market is projected to reach USD 35.0 million by 2023, at a CAGR of 13.6%. The growth of this market is primarily driven by factors such as the increasing incidence of sports injuries, growing number of initiatives to increase the 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, and the issues related to the use of orthobiologics.
Objectives of the Study
- To define, measure, and describe the global artificial ligaments market by application and region
- To provide detailed information about the major factors influencing market growth (drivers, restraints, challenges, and opportunities)
- To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
- To forecast the size of market segments in North America, Europe, Asia Pacific, and RoW
Research Methodology
Top-down and bottom-up approaches were used to validate the size of the global artificial tendons industry and estimate the size of other dependent submarkets. Various secondary sources such as the Food and Drug Administration (FDA), American College of Sports Medicine (ACSM), American Orthopedic Society for Sports Medicine, National Institutes of Health (US), Australian Orthotic Prosthetic Association, US National Library of Medicine, European Society Of Sports Traumatology, Knee Surgery & Arthroscopy (ESSKA), British Association For Surgery Of The Knee (BASK), Public Health Agency of Canada, French Society of Arthroscopy, General Administration of Sports of China, Japan Sport Council (JSC), The Indonesian Orthopedic Society for Sports Medicine and Arthroscopy (IOSSMA), Bhutan Olympic Committee (BOC), Hong Kong Sports Institute, Australian Olympic Committee (AOC), Australian Physiotherapy Association, National Sports Institute of Malaysia (NSI), Asia Pacific Arthroplasty Association, directories, industry journals, databases, press releases, and annual reports of the companies have been used to identify and collect information useful for the study of this market.
Primary sources such as experts from both supply and demand sides have been interviewed to obtain and validate information as well as to assess dynamics of this market. The breakdown of profiles of primaries is shown in the figure below:
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The major players in the global artificial ligaments market are LARS (France), Neoligaments (UK), Cousin Biotech (France), Orthomed S.A.S. (France), FX Solutions (France), Shanghai PINE&POWER Biotech (China), and Mathys AG Bettlach (Switzerland).
Target Audience:
- Manufacturers of artificial tendons and ligaments
- Suppliers and distributors of artificial tendons and ligaments
- Healthcare service providers
- Teaching hospitals and academic medical centers (AMCs)
- Health insurance players
- Government bodies/municipal corporations
- Regulatory bodies
- Medical research institutes
- Business research and consulting service providers
- Venture capitalists
- Market research and consulting firms
Artificial Tendons and Ligaments Market Scope
The research report categorizes the artificial tendons and ligaments market into the following segments and subsegments:
By Application
- Knee Injuries
- Shoulder Injuries
- Foot and Ankle Injuries
- Other Injuries (Spine and Hip Injuries)
By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolios of each company
Company Information
- Detailed analysis and profiling of additional market players (up to 3)
The artificial tendons and ligaments market is segmented on the basis of application and region. Based on application, the market is segmented into knee injuries, shoulder injuries, foot and ankle injuries, and other injuries (spine and hip injuries).
In 2018, the knee injuries segment is expected to account for the largest share of the global market. 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.
Geographic segments in this report include North America, Europe, Asia Pacific, and RoW. Of these, Europe is expected to account for the largest share of the market in 2018. The artificial tendons and ligaments market for Europe is driven by the increasing number of government initiatives to encourage sports; growing number of conferences, meetings, symposia, and workshops to showcase the latest sports technologies in the UK; increasing sports-related injuries; rising cases of knee replacements; the growing medical devices industry; minimal out-of-pocket expenditure for medical devices; agreements between organizations, universities, and companies in Germany; presence of key players in Europe; increasing aging population; growing initiatives to increase the awareness about artificial tendons and ligaments in France; improving healthcare structure in Russia; and rising medical tourism in Turkey.
Factors such as reluctance to use artificial tendons and ligaments among healthcare providers, high procedure costs, and unfavorable reimbursement scenario across major markets are expected to restrain the growth of this market during the forecast period to a certain extent. The key players in the global artificial tendons and ligaments market are LARS (France), Neoligaments (UK), Cousin Biotech (France), Orthomed S.A.S. (France), FX Solutions (France), Shanghai PINE&POWER Biotech (China), and Mathys AG Bettlach (Switzerland).
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Table of Contents
1 Introduction (Page No. - 10)
1.1 Objectives of Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 13)
2.1 Research Methodology Steps
2.1.1 Secondary and Primary Research Methodology
2.1.1.1 Secondary Research
2.1.1.2 Primary Research
2.1.1.3 Key Industry Insights
2.1.2 Key Data From Primary Sources
2.1.3 Market Size Estimation Methodology
2.1.4 Research Design
2.1.5 Market Data Validation and Triangulation
2.1.6 Assumptions for the Study
3 Executive Summary (Page No. - 23)
4 Premium Insights (Page No. - 26)
4.1 Artificial Tendons and Artificial Ligaments Market Overview
4.2 Asia Pacific: Artificial Tendons and Artificial Ligaments Market, By Country and Application
4.3 Geographical Snapshot of the Artificial Tendons and Artificial Ligaments Market (2018–2023)
5 Market Overview (Page No. - 29)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Incidence of Sports Injuries
5.2.1.2 Growing Number of Initiatives to Increase Awareness About Artificial Tendons and Ligaments
5.2.1.3 Increasing Research Activities on Artificial Tendons and Ligaments
5.2.1.4 Increasing Preference for Minimally Invasive Surgeries
5.2.1.5 Benefits of Artificial Tendons and Ligaments
5.2.1.6 Issues Related to the Use of Orthobiologics
5.2.2 Restraints
5.2.2.1 Reluctance to Use Artificial Tendons and Ligaments Among Healthcare Providers
5.2.2.2 High Procedure Costs and Unfavorable Reimbursement Scenario Across Major Markets
5.2.3 Opportunities
5.2.3.1 Expansion and Market Penetration Opportunities in Emerging Economies
5.2.4 Challenges
5.2.4.1 Limited Clinical Evidence to Support the Efficacy of Artificial Tendons and Ligaments
5.2.4.2 Lack of Trained Professionals
6 Initial Artificial Tendons and Ligaments: Product Failures (Page No. - 36)
7 Industry Speaks (Page No. - 37)
8 Artificial Tendons and Ligaments Market, By Application (Page No. - 40)
8.1 Introduction
8.2 Knee Injuries
8.3 Shoulder Injuries
8.4 Foot and Ankle Injuries
8.5 Other Injuries
9 Artificial Tendons and Ligaments Market, By Region (Page No. - 47)
9.1 Introduction
9.2 Europe
9.2.1 France
9.2.2 UK
9.2.3 Germany
9.2.4 Rest of Europe (RoE)
9.3 Asia Pacific
9.3.1 China
9.3.2 Japan
9.3.3 Rest of Asia Pacific
9.4 North America
9.4.1 US
9.4.2 Canada
9.5 Rest of the World
10 Market Share Analysis (Page No. - 75)
10.1 Introduction
10.1.1 Lars
10.1.2 Neoligaments (A Division of Xiros)
11 Company Profiles (Page No. - 77)
(Business Overview, Products Offered, Recent Developments, MnM View)*
11.1 Lars
11.2 Neoligaments (A Division of Xiros)
11.3 Cousin Biotech
11.4 FX Solutions
11.5 Orthomed
11.6 Shanghai Pine&Power Biotech
11.7 Mathys
*Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 85)
12.1 Discussion Guide: Artificial Tendons and Ligaments Market
12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.3 Introducing RT: Real-Time Market Intelligence
12.4 Related Reports
12.5 Author Details
List of Tables (27 Tables)
Table 1 List of Research Activities on Artificial Tendons and Ligaments
Table 2 Ligaments & Associated Complications, 1977–1993
Table 3 Artificial Tendons and Ligaments Market, By Application, 2016–2023 (USD Thousand)
Table 4 Artificial Tendons and Artificial Ligaments Market for Knee Injuries, 2016–2023 (USD Thousand)
Table 5 Artificial Tendons and Ligaments Market for Shoulder Injuries, 2016–2023 (USD Thousand)
Table 6 Artificial Tendons and Artificial Ligaments Market for Foot and Ankle Injuries, 2016–2023 (USD Thousand)
Table 7 Artificial Ligaments Market for Other Injuries, 2016–2023 (USD Thousand)
Table 8 Artificial Tendons and Artificial Ligaments Market, By Region, 2016–2023 (USD Thousand)
Table 9 Europe: Artificial Tendons and Ligaments Market, By Country, 2016–2023 (USD Thousand)
Table 10 Europe: Artificial Tendons and Artificial Ligaments Market, By Application, 2016–2023 (USD Thousand)
Table 11 France: Artificial Ligaments Market, By Application, 2016–2023 (USD Thousand)
Table 12 Knee Ligament Injuries in the Past Five Seasons of Premier League, By Type
Table 13 Indicative List of Recent Events in the UK
Table 14 UK: Artificial Tendons Market, By Application, 2016–2023 (USD Thousand)
Table 15 Germany: Artificial Ligaments Market, By Application, 2016–2023 (USD Thousand)
Table 16 Indicative List of Recent Events
Table 17 RoE: Artificial Tendons Market, By Application, 2016–2023 (USD Thousand)
Table 18 Asia Pacific: Artificial Ligaments Market, By Country, 2016–2023 (USD Thousand)
Table 19 Asia Pacific: Artificial Tendons Market, By Application, 2016–2023 (USD Thousand)
Table 20 China: Artificial Ligaments Market, By Application, 2016–2023 (USD Thousand)
Table 21 Indicative List of Projects in Japan
Table 22 Japan: Artificial Tendons and Ligaments Market, By Application, 2016–2023 (USD Thousand)
Table 23 Indicative List of Recent Events in RoAPAC
Table 24 RoAPAC: Artificial Tendons and Ligaments Market, By Application, 2016–2023 (USD Thousand)
Table 25 North America: Artificial Tendons Market, By Application, 2016–2023 (USD Thousand)
Table 26 RoW: Artificial Ligaments Market, By Application, 2016–2023 (USD Thousand)
Table 27 Indicative List of Recent Events in RoW
List of Figures (19 Figures)
Figure 1 Global Artificial Tendons and Ligaments Market: Research Methodology Steps
Figure 2 Break Down of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Sampling Frame: Primary Research
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Knee Injuries Segment to Witness the Highest Growth During the Forecast Period
Figure 8 Asia Pacific to Register the Highest CAGR During the Forecast Period
Figure 9 Increasing Incidence of Sports Injuries is the Key Factor Driving the Growth of the Market
Figure 10 Knee Injuries Segment to Dominate the Artificial Tendons and Ligaments Market in 2018
Figure 11 Asia Pacific to Witness the Highest Growth Rate During the Forecast Period
Figure 12 Artificial Tendons and Ligaments Market: Drivers, Restraints, Opportunities, and Challenges
Figure 13 Knee Injuries Segment to Dominate the Artificial Tendons Market in 2018
Figure 14 Europe to Command the Largest Share of the Artificial Ligaments Market in 2018
Figure 15 Europe: Artificial Ligaments Market Snapshot
Figure 16 Asia Pacific: Artificial Tendons and Ligaments Market Snapshot
Figure 17 North America: Artificial Tendons Market Snapshot
Figure 18 RoW: Artificial Tendons and Ligaments Market Snapshot
Figure 19 Value-Based Market Shares of Key Players, 2017
Generating Response ...
Growth opportunities and latent adjacency in Artificial Tendons and Ligaments Market