Global Artificial Tendons and Ligaments Market Share Is Expected To Grow At A CAGR Of 16.80% By 2028

09-Nov-2022 | Facts and Factors

According to Facts and Factors, the global artificial tendons and ligaments market size was estimated to be worth roughly USD 19.09 million in 2021 and is predicted to grow to around USD 56.61 million by 2028. The global artificial tendons and ligaments market is predicted to grow at a CAGR of roughly 16.80% during the forecast period.

An area of connective tissue called a ligament binds two bones together. The ligament, a fibrous band of connective fibers, keeps the bones together at the joints and supports the internal organs. The two primary forms of the ligament are the white ligament, which is abundant in collagenous fibers, and the yellow ligament, which is abundant in elastic fibers. An artificial tendon, a strengthening material, is used to replace a damaged tendon. Bio-compatible substances including PET (polyethylene terephthalate), polypropylene, and polyacrylonitrile are used to create artificial tendons (sodium styrene sulfonate). A team of researchers from the University of Utah's biomedical department has developed a method to 3D print human tissue, including tendons and ligaments.

Browse the full “Artificial Tendons and Ligaments Market Size, Share, Growth Analysis Report By Application (Knee Injuries, Shoulder Injuries, Foot & Ankle Injuries, Spine Injuries, Hip Injuries, Others), By End User (Hospitals, Specialty Clinics, Ambulatory Surgery Centers, Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/artificial-tendons-and-ligaments-market

A few of the factors driving the growth of the global artificial tendons and ligaments market include increasing sports injury rates, expanding government programs to raise public awareness of artificial tendons & ligaments, and increasing R&D spending on artificial tendons & ligaments. The global market for artificial tendons and ligaments will expand as a result of the aging population's challenges with tendon and ligament degradation and the rising demand for minimally invasive procedures. The key barriers to the expansion of the global artificial tendons and ligaments market are healthcare professionals' resistance to using artificial tendons and ligaments, the high cost of therapy, and poor reimbursement policies.

The primary element influencing the market is the rise in sports injuries. The majority of injuries sustained when participating in sports are the result of accidents, poor technique, insufficient warm-up & stretching, and a lack of conditioning. Among the most frequent sports injuries among athletes are tennis elbow, ankle sprains, groyne pulls, hamstring strains, and ACL tears.

Furthermore, a sizeable percentage of people are unaware of the safety precautions that are applicable to sports, which can result in a range of minor to severe injuries. Approximately 165,000 sports-related injuries were treated in A&E departments in England in 2016, according to Accident & Emergency (A&E) data made public by the U.K. Parliament.

The global artificial tendons and ligaments market is segmented based on application, end user, and region.

Based on application, the market is segmented into knee injuries, shoulder injuries, foot & ankle injuries, spine injuries, hip injuries, and others. Due to a variety of factors, including an increase in sports participation, an increase in the frequency of knee injuries, discomfort at the harvest site as a result of conventional surgical treatment methods using autografts and allografts, and the advantages of artificial tendons and ligaments over autografts and allografts, the knee injuries segment dominated the global artificial tendons and ligaments market.

The other uses category includes conditions such as hip dislocation, elbow injuries, and spinal injuries. The segment is anticipated to expand rapidly as a result of the rise in entire femoral tumor removals and prosthetic replacement surgeries, both of which have high success rates. Among the significant products in this area are Cousin Biotech's NAJA and IntraSpine, LARS, and InternalBrace.

By end user, the market is divided into hospitals, specialty clinics, ambulatory surgery centers, and others. Due to a high risk of postoperative problems and high patient turnover, the hospitals segment led the global artificial tendons and ligaments market. Supportive infrastructure, which assists in efficient operations, will also encourage the adoption of these grafts in hospitals and clinics' end-user facilities.

During the anticipated period, Europe will drive the global artificial tendons and ligaments market growth. The growth of the medical device industry, the low out-of-pocket costs for medical devices, increased government initiatives to promote sports, an increase in conferences, symposiums, and workshops in the UK showcasing the newest sports technologies, an increase in sports-related injuries and knee replacements, and agreements between universities, organizations, and institutions have all contributed to the Europe region currently holding a dominant share of the global market.

Report Scope

List of prominent players in the global artificial tendons and ligaments market

• Mathys AG Bettlach
• FX Solutions
• LARS
• Cousin Biotech
• Orthomed S.A.S
• Shanghai PINE&POWER Biotech
• Others 

Recent Developments:

In June 2018, a team of Swiss researchers developed a microplate system for printing engineered muscle and tendon tissue. This system may help as a therapeutic application to treat a variety of muscle disorders.

In January 2018, a team of scientists from the University of Colorado Boulder engineered a humanlike artificial muscle that is cheap, flexible and strong.

The global artificial tendons and ligament market is segmented as follows:

By Application

• Knee Injuries
• Shoulder Injuries
• Foot & Ankle Injuries
• Spine Injuries
• Hip Injuries
• Others

By End User

• Hospitals
• Specialty Clinics
• Ambulatory Surgery Centers
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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