Artificial Tendons and Ligaments Market Insights
The global artificial tendons and ligaments market is expected to grow at a significant rate over the forecast period. This can be attributed to factors such as growing awareness towards the product coupled with increasing participation in sports. Along with this, rising adoption of artificial tendons and ligaments over orthobiologics, autografts, and allografts is expected to generate untapped opportunities for the industry.
The industry is also anticipated to be influenced by rising incidence of knee surgeries and increasing inclination towards minimally invasive surgeries. Factors such as high procedural costs and reluctance to use artificial tendons and ligaments are likely to hinder the market for artificial tendons and ligaments market.
Artificial Tendons and Ligaments Market: Application Insights
The global artificial tendons and ligaments market is segregated into knee injuries, shoulder injuries, foot and ankle injuries, spine injuries and hip injuries, based on application. The knee injuries segment is projected to hold the largest share of the industry in the forecast period. This can be associated with growing participation in sports coupled with a rising incidence of knee surgeries. Along with advantages of artificial tendons and ligaments over allografts and autografts are also likely to stimulate demand for the industry.
Artificial Tendons and Ligaments Market: Regional Insights
Europe has occupied the largest share of this market for the past few years. This can be associated with growing government initiatives to encourage sports in this region. The regional growth is also attributed to rising ageing population and increasing awareness towards artificial tendons and ligaments. The market is further expected to be driven by the presence of key players in countries like France and Germany.
Artificial Tendons and Ligaments Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase artificial tendons and ligaments over the coming years. Some leading consumers of artificial tendons and ligaments are Aesculap, Amedica Corp, Biomet, CONMED Corp., OMNIlife Science and Tornier.
Artificial Tendons and Ligaments Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Artificial Tendons and Ligaments Market Share & Competitor Analysis
Some of the players operating in the global artificial tendons and ligaments market include Mathys AG Bettlach, LARS, Neoligaments, Orthomed S.A.S., FX Solutions, Shanghai PINE&POWER Biotech and Cousin Biotech.
In August 2013, Tavor, the Israeli company announced its product Knee-T-Nol. The Knee-T-Nol implant is made from Nitinol, a metal and titanium alloy, and looks a little like a dart. The flexible metallic tubing provides strength, support and ligament-like freedom of movement.