The Cruciate Ligament Repair Procedures Market is expected to register a CAGR of 5.5% during the forecast period. This is attributing to increasing demand for minimally invasive procedures, rising incidence of sports-related injuries. As Cruciate ligament repair procedures are mostly performed in knee ligament injuries thus increasing incidences of knee injuries will propel the growth of the overall market. As per Stanford Children’s Health an estimate of 3.5 million population age 14 and below are affected by some form of sports injuries each year and among all the injuries, knee injuries stand for 9%. Moreover, increasing participation in the sport globally will raise the knee injuries populations and rising prevalence of Anterior Cruciate Ligament (ACL) injuries around the world will also lead to high adoption of cruciate ligament correction surgeries and thus driving the overall market. However, the high cost of procedures and low reimbursement rates may hamper the market to a certain extent.
Key Market Trends
Anterior Cruciate Ligament (ACL) Repair in cruciate ligament repair procedures is Estimated to Witness a Healthy Growth in Future.
Anterior Cruciate ligament (ACL) repair is estimated to witness healthy growth in the future attributed to an increasing number of Anterior cruciate ligament injuries, increasing participation of sports activities such as basketball, football, and technological advancements such as minimally invasive surgical techniques associated with ACL repairs procedures. This procedure includes repairing and reconstructing ACL by using a graft to replace the ligament and in some of the cases for example in avulsion fracture, the bone fragment connected to the ACL is reattached to the bone. Moreover, the low healing capacity of anterior cruciate ligaments will also promote segment growth.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to hold a significant market share in the global Cruciate Ligament Repair Procedures Market due to the rising geriatric population, rising prevalence of sports injuries, increasing incidences of anterior cruciate ligament injuries, rising patient preference for minimally invasive procedures and technological advancements. The United States owns the largest share of Cruciate Ligament Repair Procedures Market in the North America region Furthermore, well-established infrastructure and growing healthcare expenditure are also expected to fuel the Cruciate Ligament Repair Procedures Market in this region.
The Cruciate Ligament Repair Procedures Market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are Zimmer Biomet, Stryker, DePuy Synthes, Smith & Nephew Plc, CONMED Corporation, Corin, Arthrex, Inc., Exactech, Inc., and DJO Global, Inc.
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