About Meniscus Implant
The persistent meniscus knee pain is leading to consider knee replacement surgery. The new form of treatment is booming in the market known as the meniscus implant across the world, By giving patients an additional step on the path toward knee replacement. These menisci act as shock absorbers between your thighbone (femur) and shinbone (tibia). A different type of cartilage capping the tibia and femur also helps bones move smoothly. These 2 menisci help protect the ends of femur and tibia as they move together. As per the American Journal of Sports Medicine 2014 examination, the most well-known careful intercession performed by muscular specialists is for meniscal sores. As per a similar source, more than 1,000,000 careful mediations including meniscus are performed yearly in the U.S. furthermore, around 400,000 in Europe.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Meniscus Implant market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Active Implants (United States), Stryker (United States), RTI Surgical(United States), Orthonika(United States), Zimmer(United States) and Biofixt(Belgium) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Meniscus Implant market by Type (Allograft, Synthetic, Xenograft and Others) and Region.
On the basis of geography, the market of Meniscus Implant 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). If we see Market by Age Group, the sub-segment i.e. Pediatric will boost the Meniscus Implant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Replacement type, the sub-segment i.e. Autograft (freeze-dried, fresh, fresh-frozen, and cryopreserved) will boost the Meniscus Implant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospital will boost the Meniscus Implant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Upgraded bioabsorbable technology in meniscus implants will enhance the demand
Market Growth Drivers:
The rising geriatric population and increasing incidence of sports injuries are major factors that are expected to drive the growth of the collagen meniscus implant market over the forecast period
Challenges:
Issues related during the manufacturing of the meniscus
Restraints:
The high cost of the surgery
Opportunities:
Rising incidences of sports injuries combined with an increasingly geriatric population
Market Leaders and their expansionary development strategies
In October 2022, ChitogenX Inc., a clinical-stage regenerative medicine company focused on the development of novel tissue repair regenerative technologies, announced the launch of its second orthopedic development program in meniscus repair following the development completion of its preclinical arthroscopic surgery program.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Meniscus Implant Manufacturer, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.