About Collagen Meniscus Implant
Collagen meniscus implants are used to restore and strengthen soft tissue damage to the medial meniscus during surgical procedures. Collagen meniscus implants are biodegradable and biocompatible scaffolds designed to repair meniscus defects and injuries in people of all ages. Collagen meniscus implants are used to treat a number of disorders, including meniscus tissue loss, partial meniscectomy, acute or chronic post-traumatic meniscus tears, and meniscus damage that necessitates removal of more than 25% of the meniscus. The most common intra-articular injury in the knee is meniscal tears. Meniscal lesions are affecting an increasing number of people around the world. Because of their involvement in activities, young and physically active people are more likely to develop lesions or partial lesions. These have a significant impact on the mobility and function of the knee joints, as well as increasing the incidence of arthritis in the younger population. The collagen meniscus implant is expected to rise in popularity due to rising demand for specialist orthopaedic clinics in emerging and developed markets to treat meniscus tears.
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 mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. 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.
Stryker Corporation (United States), RTI Surgical (United States), Zimmer Biomet (United States), Active Implants (United Kingdom), Orthonika (United Kingdom) 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 Collagen Meniscus Implant market by , Application (Adult and Pediatric) and Region.
On the basis of geography, the market of Collagen 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 End-Use, the sub-segment i.e. Hospital will boost the Collagen Meniscus Implant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Incidence and Prevalence of Sports and Knee-Related Injuries
Market Growth Drivers:
Rising Geriatric Population
Challenges:
Collagen meniscus implants are expensive compared to traditional treatments like meniscectomy (trimming the torn meniscus) or repair.
Restraints:
High Cost of the Process
Opportunities:
Growing Investment on Healthcare Infrastructure and Increased Spending by Individual on Health
The Centers for Medicare and Medicaid Services (CMS) has concluded that the collagen meniscus implant does not improve health outcomes in the Medicare population. Therefore, CMS has determined that the collagen meniscus implant is not reasonable and necessary for the treatment of meniscal injury/tear and we are issuing a national non-coverage determination under §1862(a)(1)(A) of the Social Security Act.
Key Target Audience
Collagen Meniscus Implants Treatment Providers, Healthcare Industry, Pharmaceutical Company, Research & Development Centers and Others
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.