Market Overview

Artificial Tendons & Ligaments: Worldwide Markets to 2023 by Application and Region - Market Restrained by the Reluctance to Use Artificial Tendons & Ligaments Among Healthcare Providers

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Artificial Tendons & Ligaments: Worldwide Markets to 2023 by Application and Region - Market Restrained by the Reluctance to Use Artificial Tendons & Ligaments Among Healthcare Providers

PR Newswire

DUBLIN, July 19, 2018 /PRNewswire/ --

The "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 Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

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The global artificial tendons and ligaments market is projected to reach USD 35 million by 2023 from USD 18.5 million in 2018, 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.

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.

Report Segments




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
  • rising medical tourism in Turkey

Key Topics Covered

1 Introduction
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
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

4 Premium Insights
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
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

7 Industry Speaks

8 Artificial Tendons and Ligaments Market, By Application
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
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
10.1 Introduction
10.1.1 Lars
10.1.2 Neoligaments (A Division of Xiros)

11 Company Profiles
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

For more information about this report visit https://www.researchandmarkets.com/research/lzp4s2/artificial?w=5

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