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The global artificial ligaments and tendons market size is expected to grow by USD 15,547 thousand during 2020-2024, according to the latest market research report by Technavio, progressing at a CAGR of over 11% during the forecast period. The growth of the market can be attributed to the advantages of artificial ligaments over autografts and allografts. Furthermore, the increasing incidence of tendon and ligament injuries and technological advances will also drive the growth of the artificial ligaments and tendons market during the forecast period. Request a free sample report
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Technavio announced its latest market research report titled global artificial ligaments and tendons market 2020-2024. (Graphic: Business Wire)
Read the 137-page report with TOC on “Artificial Ligaments and Tendons Market by Application (Knee injuries, Shoulder injuries, Foot and ankle injuries, and Other injuries) and Geography (Asia, Europe, North America, and ROW), and the Segment Forecasts, 2020-2024.”
Artificial Ligaments and Tendons Application Outlook (Revenue, USD Million, 2020-2024)
The knee injuries segment in the artificial ligaments and tendons market held a major share of the market in 2019. Tendons and ligament injuries, such as anterior cruciate ligament (ACL), posterior cruciate ligament (PCL), medial collateral ligament (MCL), and lateral collateral ligament (LCL) are the most common knee injuries. Artificial tendons and ligaments are preferred for the treatment of such injuries due to their benefits, such as rapid recovery and reduced need for repair and reconstruction revision surgeries.
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Artificial Ligaments and Tendons Regional Outlook (Revenue, USD Million, 2020-2024)
The European region led the market in 2019, followed by Asia, North America, and ROW respectively. The growth of the artificial ligaments and tendons market share in Europe can be attributed to several factors such as the growing number of road accidents and sports injuries, rising healthcare funding and grants from governments, and increasing number of orthopedic reconstructive injuries in the region.
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Major Five Artificial Ligaments and Tendons Companies:
Artelon offers tendons and ligaments reconstruction products for foot and ankle, knee, and shoulder. The company’s key offerings include FLEXBAND, FLEXBAND Plus, and FLEXPATCH. FLEXBAND Plus is designed to facilitate augmentation and re-tensioning of soft tissues while minimizing construct bulk. It is available in various sizes ranging from 0.3 x 8 cm to 0.7 x 32 cm.
Cousin-Biotech has business operations under various segments, which include Spine, Visceral, Obesity, and Uro-Gynaecology. The company’s key offerings include NAJA and ResCUBE. NAJA is a ligament system used for correction and stabilization of the spine during fusion of the instrumented levels. ResCUBE is a ligament made of polyethylene terephthalate along with a monobloc connector in titanium for spine fixation and stabilization during spinal fusion of instrumented levels.
FX Solutions operates its business through two segments, namely Arthroplasty and Osteosynthesis. The company’s key offerings include ACROLIG, which is a synthetic acromioclavicular ligament specially designed for articular triplasty.
GROUP FH ORTHO
GROUP FH ORTHO has business operations under various segments, which include sport surgery, upper limb, bone substitutes, hip, foot & ankle, knee, and spine. The company’s key offerings include Tenolig, which is a percutaneous implant for acute Achilles tendon tears.
LARS offers a wide range of synthetic ligament augmentation and reconstruction devices for a variety of applications, which include ACL reconstruction, PCL reconstruction, and ankle and shoulder repairs. The company’s key offerings include LARS Artificial Ligaments These are intended for the intra or extra-articular reconstruction of ruptured ligaments, designed to mimic the normal anatomic ligament fibers.
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