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Artificial Tendons and Ligaments Market Size
Artificial Tendons and Ligaments Market size is anticipated to witness substantial growth between 2024 and 2032 driven by high spending on orthopedic solutions and the rising number of sport injuries. According to a survey, the clinical orthopedic department spends tens of billions of dollars annually on ligament and tendon rupture repair and surgery revision.
Artificial tendons and ligaments are biological implants that are used for the reconstruction of damaged tendons and ligaments. The increasing number of medical research activities across various countries worldwide is further expected to accelerate the development of new implants. However, the industry progression may face restraints, such as high costs of implants, regulatory challenges in approvals, and rising concerns regarding the long-term performance and safety of the devices.
Artificial Tendons and Ligaments Market Trends
Technological innovations in surgical techniques are expected to augment the market outlook through 2032. Advancements like arthroscopic procedures, tissue engineering, and 3D printing are enabling more precise, efficient, and customized implants to offer better outcomes, reduced recovery times, and minimized post-operative complications.
Of late, surgeons are also tailoring implants to patient-specific needs for enhancing treatment efficacy. The continuous evolution of surgical technologies is ensuring the development of safer, more effective procedures, further contributing to the increasing adoption of artificial tendons and ligaments across hospitals and healthcare institutions. For instance, in September 2023, Sakra World Hospital launched an artificial ligament, a synthetic tissue graft for the anterior cruciate ligament used in knee replacement surgeries.
Artificial Tendons and Ligaments Market Analysis
In terms of application, the artificial tendons and ligaments industry from the knee injuries segment is projected to witness high demand from 2024-2032 due to the increase in cases of anterior cruciate ligament (ACL) injuries. These accidents are usually associated with playing sports that involve a lot of jumps, quick starts, and hard stops. It is claimed that over 70% of ACL tears are caused without a hit or other form of contact with the knee. As per statistics, one in every 3,000 Americans suffers from an ACL injury. The rising inclination towards sports and other physical activities is anticipated to further influence the segment gains.
Based on end-use, the artificial tendons and ligaments market from the hospitals and clinics segment is anticipated to generate profitable revenue between 2024 and 2032. The increased rate of tendon repairs within outpatient settings with brief hospital stays is driving the adoption of artificial tendons and ligaments. Tendon grafts are one of the various devices needed for repair in severe injuries by surgeons. Clinics and hospitals also offer a wide range of reconstruction and repair services, further influencing the market development.
The North America artificial tendons and ligaments market is set to exhibit robust growth from 2024 and 2032. This is owing to the increasing prevalence of multiple tendon replacement alternatives and the regulatory approvals attracting people to consider opting for artificial tendons and ligaments. Additionally, the rising geriatric population and increasing adoption of minimally invasive surgeries coupled with the improved availability of favorable reimbursement policies and strong healthcare infrastructure will further stimulate the regional industry expansion.
Artificial Tendons and Ligaments Market Share
Major players in the artificial tendons and ligaments industry include-
- LARS
- Orthomed S.A.S.
- Artelon
- FX Solutions
- Mathys AG Bettlach
- Cousin Biotech
- Neoligaments
- Corin
- Shanghai Pine & Power Biotech Co., Ltd.
Many leading artificial tendons and ligament companies are focusing on creating advanced and effective solutions for meeting the evolving medical needs. To illustrate, Orthomed S.A.S. has emerged as a key market player for its innovative products and expertise in orthopedic solutions in providing advanced tendon and ligament repair technologies.
Artificial Tendons and Ligaments Industry News
- In March 2023, Smith+Nephew launched the UltraTRAC™ QUAD ACL Reconstruction Technique, comprising the X-WING™ Graft Preparation System, QUADTRAC Quadriceps Tendon Harvest Guide System, and ULTRABUTTON Adjustable Fixation Devices. Together, these technologies offer a novel procedural option for broadening Smith+Nephew's surgeon graft preference capabilities.
In January 2023, Paragon 28 developed the Mister Tendon™ Harvester System, which revolutionized tendon transfer surgeries with its minimally intrusive technique for representing a paradigm change and effectively responding to the dynamic needs of modern medicine