What is Artificial Tendons and Ligaments Market?
Ligaments and tendons are connective tissues formed by the dense ligaments of collagenous fibers. The ligament connects bone to bone, while the tendons connect the bone to the muscle to stabilize movement when forces are applied to it. The artificial tendons and ligaments are intended to reinforce or replace the existing ligament. The artificial ligament and tendon are replaced by the artificial ligament and tendon due to injuries and related illnesses, sports injuries, less diet or misalignments, and other diseases. The ribbon is of two types as white and yellow ribbon. The white band is rich in collagen fibers while the yellow band is rich in elastic fibers. An artificial tendon is a reinforcement fabric that is used to replace a torn tendon. The artificial tendon consists of bio-component fibers such as polyacrylonitrile fibers, polypropylene, PET, or PolyNaSS poly. They are used to repair Achilles tendons. An artificial ligament acts as a backing and temporary replacement while a new tendon sheath develops. These are used to replace a torn ligament such as the anterior cruciate ligament. With the rise in Covid-19 infections worldwide, there are also growing concerns about the lack of life-saving devices and other important medical aids to prevent the spread of this pandemic and to provide optimal care for those infected.
Highlights from Artificial Tendons and Ligaments Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Lars (France), Corin Group (United Kingdom), Neoligaments (Xiros) (United Kingdom), Cousin Biotech (France), FX Solutions (France), Orthomed S.A.S. (France), Shanghai Pine&Power Biotech (China) and Mathys AG Bettlach (Switzerland) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that European Players will contribute to the maximum growth of Global Artificial Tendons and Ligaments market throughout the forecasted period.
Lars (France), Corin Group (United Kingdom), Neoligaments (Xiros) (United Kingdom), Cousin Biotech (France), FX Solutions (France), Orthomed S.A.S. (France), Shanghai Pine&Power Biotech (China) and Mathys AG Bettlach (Switzerland) are some of the key players profiled in the study. Artificial Tendons and Ligaments Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Knee Injuries, Shoulder Injuries, Foot and Ankle Injuries and Others |
Implant Type | Silastic-Rod Implant,Carbon-Fiber Implant,Marlex Mesh |
Material Type | Carbon,Carbon & Polyester,Leeds-Keio Polyester,Dacron,Bovine Glutaraldehyde-Fixed Xenograft,Gore-Tex Polytetrafluoroethylene |
End-Use | Hospitals,Clinics,Ambulatory Surgery Centers |
On the basis of geography, the market of Artificial Tendons and Ligaments has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Growing Medical Devices Industry, Increasing Preference for Minimally Invasive Surgeries and Minimal Out-Of-Pocket Expenditure for Medical Devices
Market Growth Drivers:
Increasing Sports-Related Injuries, Favorable Reimbursement Policies, Increasing Aging Population and Rising Cases of Knee Replacements
Challenges:
The Various Risks, Notably That of Inflammation of the Synovial Membrane in Patients and Inadequate Reimbursement Policies
Restraints:
The High Cost of the Treatment and The Lack of Willingness to Use Artificial Tendons and Ligaments among Healthcare Services
Opportunities:
The Increasing Number of Government Initiatives to Encourage Sports, Advancements in Surgical Procedures and Growing Initiatives to Increase the Awareness about Artificial Tendons and Ligaments
Key Target Audience
Providers of Artificial Tendons and Ligaments, Potential Investors, Market Research Firms, Regulatory Bodies, End-Users and Others
Market Leaders & Development Strategies
In June 2018 Corin established its new headquarters and manufacturing facility in the UK. This strategic initiative should increase the company's production and sales capacity and further support growth in the local and global markets.