Global Collateral Ligament Stabilizer System Market, By Ligament Type (Medial Collateral Ligament, Lateral Collateral Ligament), Imaging Test (Magnetic Resonance Imaging, Valgus Stress Test, X-Rays), Treatment (Surgical Treatment, Non-Surgical Treatment), Injury Type (Grade I, Grade II, Grade III), End User (Hospitals, Orthopedic Clinics, Others) – Industry Trends and Forecast to 2029.
Collateral Ligament Stabilizer System Market Analysis and Size
In the case of a knee injury, a collateral Ligament stabiliser is used to stabilise the knee. The market can be divided into three categories based on the severity of the injury: Grade 1, Grade 2, and Grade 3. The segment of Grade 3 injuries is dominating. The increasing number of Grade 3 injuries is also helping to drive market growth.
Data Bridge Market Research analyses that the collateral ligament stabilizer system market which was USD 1.8 billion in 2021, would be up to USD 3.02 billion by 2029, and is expected to undergo a CAGR of 6.70% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Collateral Ligament Stabilizer System Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Ligament Type (Medial Collateral Ligament, Lateral Collateral Ligament), Imaging Test (Magnetic Resonance Imaging, Valgus Stress Test, X-Rays), Treatment (Surgical Treatment, Non-Surgical Treatment), Injury Type (Grade I, Grade II, Grade III), End User (Hospitals, Orthopedic Clinics, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Medical Devices Business Services, Inc. (U.S.), Arthrex, Inc. (U.S.), Bauerfeind USA Inc. (U.S.), DJO LLC (U.S.), DeRoyal Industries, Inc. (U.S.), OSSUR (Iceland), DARCO International Inc. (U.S.), EXACTECH (U.S.), Corin Group (U.K.), GROUP FH ORTHO communication (France), Neoligaments (U.K.)
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Market Opportunities
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Market Definition
The collateral ligaments stabilizer system (CLSS) employs a special collar to apply traction to the ligaments in front of the shoulder joint. This system has been shown to significantly improve the outcomes of patients who had previous shoulder surgery. A ligament is a band of connective tissue that connects two bones. The collateral ligaments run around the outside of the knee. These ligaments help to connect the upper and lower leg bones inside the knee joint. These ligaments function as strong ropes that connect the bones and keep the knee stable. The medial collateral ligament connects the femur to the tibia and is found on the sides of the knee. The lateral collateral ligament connects the femur to the lower leg's smaller bone. This ligament regulates the side motion of the knee and protects it from unusual movement.
Global Collateral Ligament Stabilizer System Market Dynamics
Drivers
- Rising road accidents
An increase in the number of road accidents is regarded as one of the most significant impact rendering factors, propelling the demand for CLSS. According to the World Health Organization (WHO), nearly 10 million people are injured or disabled as a result of traffic accidents each year. As a result, an increase in the number of road accidents leads to an increase in demand for knee braces and pain management support, increasing the adoption of these products. These all are the certain factors which will propel the growth of the market.
- Rise in elderly population
According to a research released by the U.S. Census Bureau, there were over 46.2 million Americans 65 and older in 2014, and that figure is projected to rise to over 98 million by 2060. As the older population continues to grow, arthritis and joint diseases are predicted to become increasingly common as knee ligaments weaken and become more prone to injury. During the forecast period, it is anticipated that this factor will fuel demand of the market.
Opportunities
- Increased patient awareness about early diagnosis
In the near future, the market is expected to be driven by increased patient awareness about early diagnosis and regular monitoring of intraocular pressure (IOP) to prevent avoidable vision loss. Collateral ligament stabilizer system are expected to be more widely used in hospitals and clinics if favourable reimbursement policies are implemented. For instance, in the United States, United Healthcare, an insurance company, reimburses the cost of standard and advanced collateral ligament stabilizer system such as the Pascal dynamic contour tonometer under Category III CPT 0198T code.
Restraints/Challenges
- High cost of product
High cost associated with the usages of product will obstruct the market's growth rate and high costs associated with knee surgery and knee replacement are also restraints hampering the market's growth.
This collateral ligament stabilizer system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the collateral ligament stabilizer system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Collateral Ligament Stabilizer System Market Scope
The collateral ligament stabilizer system market is segmented on the basis of ligament type, imaging test, treatment, injury type, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Ligament Type
- Medial Collateral Ligament
- Lateral Collateral Ligament
Imaging Test
- Magnetic Resonance Imaging
- Valgus Stress Test
- X-Rays
Treatment
- Surgical Treatment
- Non-Surgical Treatment
Injury Type
- Grade I
- Grade II
- Grade III
End User
- Hospitals
- Orthopedic Clinics
- Others
Collateral Ligament Stabilizer System Market Regional Analysis/Insights
The collateral ligament stabilizer system market is analysed and market size insights and trends are provided by country, ligament type, imaging test, treatment, injury type, and end user as referenced above.
The countries covered in the collateral ligament stabilizer system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the collateral ligament stabilizer system market due to the rising occurrences of sports injuries along with geriatric population and prevalence of favourable reimbursement policies.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 owing to the increasing prevalence of chronic diseases along with growing number of geriatric population.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The collateral ligament stabilizer system market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for collateral ligament stabilizer system market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the collateral ligament stabilizer system market. The data is available for historic period 2010-2020.
Competitive Landscape and Collateral Ligament Stabilizer System Market Share Analysis
The collateral ligament stabilizer system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to collateral ligament stabilizer system market.
Some of the major players operating in the collateral ligament stabilizer system market are:
- Medical Devices Business Services, Inc. (U.S.)
- Arthrex, Inc. (U.S.)
- Bauerfeind USA Inc. (U.S.)
- DJO LLC (U.S.)
- DeRoyal Industries, Inc. (U.S.)
- OSSUR (Iceland)
- DARCO International Inc. (U.S.)
- EXACTECH (U.S.)
- Corin Group (U.K.)
- GROUP FH ORTHO communication (France)
- Neoligaments (U.K.)
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