Global Cruciate Ligament Repair Procedures Market, By Type (Posterior Cruciate Ligament (PCL) and Anterior Cruciate Ligament (ACL)), Injury Type (Grade I, Grade II and Grade III), Product (Cemented Implants, Cement-Less Implants, Partial Implants and Revision Implants), Indication (Osteoarthritis, Rheumatoid Arthritis, Trauma and Others), Diagnosis (Imaging and Others), Treatment (Surgery, Therapies, Devices and Others), End User (Hospitals, Orthopaedic Clinics, Ambulatory Surgical Centres and Others) – Industry Trends and Forecast to 2030.
Cruciate Ligament Repair Procedures Market Analysis and Size
The market is expanding at an exponential rate due to an increase in sports-related knee injuries and an increase in demand for minimally invasive procedures. Knee injuries are among the most common types of musculoskeletal injuries, particularly among athletes. Increased participation in sports activities has increased the number of various injuries among athletes, driving the number of knee surgeries performed globally. According to our estimates, nearly 2.5 million knee reconstruction surgeries were performed in 2018, and this figure is expected to rise at a rapid pace during the forecast period.
Data Bridge Market Research analyses that the cruciate ligament repair procedures market which is USD 12186.87 billion in 2022, is expected to reach USD 23406.15 billion by 2030, at a CAGR of 8.5% during the forecast period 2023 to 2030. 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.
Cruciate Ligament Repair Procedures 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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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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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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Type (Posterior Cruciate Ligament (PCL) and Anterior Cruciate Ligament (ACL)), Injury Type (Grade I, Grade II and Grade III), Product (Cemented Implants, Cement-Less Implants, Partial Implants and Revision Implants), Indication (Osteoarthritis, Rheumatoid Arthritis, Trauma and Others), Diagnosis (Imaging and Others), Treatment (Surgery, Therapies, Devices and Others), End User (Hospitals, Orthopaedic Clinics, Ambulatory Surgical Centres and 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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Zimmer Biomet (U.S.), Stryker (U.S.), Smith+Nephew (U.K.), 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.), B. Braun SE (Germany), Corin (U.K.), Waldemer Link GmbH & Co. K.G. (Germany), Wright Medical Group N.V. (U.S.), Boston Scientific Corporation (U.S.), MicroPort Scientific Corporation (China), athenahealth, Inc. (U.S.)
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Market Opportunities
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Market Definition
The cruciate ligaments are a pair of ligaments that connect the bones of the knees. Cruciate ligaments are also known as cruciform ligaments because they are arranged in a crossed or X pattern. A surgical tissue graft is used to replace torn or injured cruciate muscles during cruciate ligament repair surgery. The most common grafts are autografts, which use a portion of your own body, such as the patellar tendon (kneecap tendon), one of the hamstring tendons, or the quadriceps tendon above the kneecap.
Cruciate Ligament Repair Procedures Market Dynamics
Drivers
- Rise in geriatric population
The global annual incidence of rheumatoid arthritis (RA) is approximately 3 cases per 10,000 people. It has a prevalence rate of about 1%, with the rate increasing with age and peaking between the ages of 35 and 50. This causes knee arthritis and other complications, which may necessitate knee replacement surgery. In addition, other connective tissues, such as ligaments attached to bones, can become less flexible and more restricted. These factors are expected to drive the geriatric population's demand for cruciate ligament repair procedures.
- Rising incidence of sports-related injuries
The market is being driven by rising demand for minimally invasive procedures and the rising incidence of sports-related injuries. According to the NSC, exercise equipment will be responsible for approximately 409,000 injuries in the United States in 2021, most of any sports and recreation category. The most common injuries during exercise are ligament tears in the knees and elbows. Rising incidences of knee injuries may drive market growth because cruciate ligament repair procedures are most commonly performed in knee ligament injuries.
Opportunities
- Rise in ageing population
The world's ageing population may increase the number of knee injuries requiring ligament repair. For instance, the WHO predicted in October 2021 that by 2030, one in every six people worldwide would be 60 or older. By 2050, the global population of people aged 60 and up will have doubled to 2.1 billion. The number of people aged 80 and up is expected to triple between 2020 and 2050, reaching 426 million. Aging may deteriorate knee health, increasing the risk of cruciate ligament damage and the need for treatment. As a result, as the geriatric population grows, so the demand for cruciate ligament repair procedures, boosting market growth.
Restraints/Challenges
- High costs associated with knee surgeries
In developing and underdeveloped economies, improper and unfavourable reimbursement scenarios will derail market growth. Furthermore, the high costs associated with knee surgeries will present additional challenges to the market. Stringent regulatory standards and inadequate healthcare infrastructure in developing economies will also slow market growth.
This cruciate ligament repair procedures 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 cruciate ligament repair procedures market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Cruciate Ligament Repair Procedures Market
According to the WHO, the COVID-19 had a negative impact on sports medicine and sports surgery. Furthermore, according to a report published in November 2021 by the Orthopaedic Journal of Sports Medicine, eliminating unnecessary procedures during the pandemic prompted arthroplasty and sports medicine experts to redesign and develop cutting-edge methods for patient care and treatment options. However, an increase in the waiting list is reasonable, which will widen the access gap for cruciate ligament repair procedures and eventually affect the market's growth rate in the coming years.
Recent Developments
- In 2020, Ethicon, a Johnson & Johnson Medical Devices Companies subsidiary, launched a novel, simple-to-use staple line reinforcement device for bariatric, thoracic, and general surgery. It significantly improves usability, functionality, and/or efficiency.
Global Cruciate Ligament Repair Procedures Market Scope
The cruciate ligament repair procedures market is segmented on the basis of type, injury type, product, indication, diagnosis, treatment 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.
Type
- Posterior Cruciate Ligament (PCL)
- Anterior Cruciate Ligament (ACL)
- Clinical
- Non-clinical
Injury Type
- Grade I
- Grade II
- Grade III
Product
- Cemented Implants
- Cement-Less Implants
- Partial Implants
- Revision Implants
Indication
- Osteoarthritis
- Rheumatoid Arthritis
- Trauma
- Others
Diagnosis
- Imaging
- Abdominal x-ray
- Magnetic Resonance Imaging (MRI)
- Ultrasound
- Laparoscopy
- Angiograph
- Others
Treatment
- Surgery
- Arthroscopy
- Anterior Cruciate Ligament (ACL) Reconstruction
- Others
- Therapies
- Rehabilitation
- Physical Therapies
- Devices
- Elastic Bandages
- Others
- Others
End User
- Hospitals
- Orthopaedic Clinics
- Ambulatory Surgical Centres
- Others
Cruciate Ligament Repair Procedures Market Regional Analysis/Insights
The cruciate ligament repair procedures market is analyzed and market size insights and trends are provided by country, type, injury type, product, indication, diagnosis, treatment and end user as referenced above.
The countries covered in the cruciate ligament repair procedures 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 cruciate ligament repair procedures market because of the increasing prevalence of musculoskeletal disorders.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 owing to the rising research and development proficiencies and rapidly growing incidences of obesity.
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 cruciate ligament repair procedures 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 cruciate ligament repair procedures market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the cruciate ligament repair procedures market. The data is available for historic period 2011-2021.
Competitive Landscape and Cruciate Ligament Repair Procedures Market Share Analysis
The cruciate ligament repair procedures 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 cruciate ligament repair procedures market.
Some of the major players operating in the cruciate ligament repair procedures market are:
- Zimmer Biomet (U.S.)
- Stryker (U.S.)
- Smith+Nephew (U.K.)
- 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.)
- B. Braun SE (Germany)
- Corin (U.K.)
- Waldemer Link GmbH & Co. K.G. (Germany)
- Wright Medical Group N.V. (U.S.)
- Boston Scientific Corporation (U.S.)
- MicroPort Scientific Corporation (China)
- athenahealth, Inc. (U.S.)
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