Market Highlights
The cruciate
ligament treatment includes numerous surgical techniques that involve
reconstruction and replacement of the knee and related ligaments. The upsurge
in obese population is considered as a chief factor emphasizing the growth of
this market. Obesity in the aging population has been reported to directly
increase the risk of degenerative bone disorders, such as osteoporosis and
osteoarthritis, additionally resulting in target injury and fracture owing to
the extra pressure exerted on joints. Later, increasing number of people who
have osteoporosis is expected to generate demand for the market.
However, the lack
of availability of skilled professionals and the high cost of treatment
procedures may hinder the growth of the market during the forecast period.
Many prominent
players in the market have incorporated into acquisitions, mergers, and
continuous launches of quality systems to hold the market position. The firms
are focusing on mergers and acquisitions to enhance their product portfolio.
For instance, the acquisition of Cayenne Medical by Zimmer Biomet was involved
in reconstruction solutions and advanced soft tissue repair for knee, shoulder,
and extremities. Besides, companies are involving into geographic expansions to
cater to the untargeted population for tissue repair and surgeries.
Regional Analysis
The global cruciate ligament
diagnosis and treatment market consists of four regions, namely, Americas,
Europe, Asia Pacific, and the Middle East and Africa.
The American
region holds the major share of the global cruciate ligament diagnosis and
treatment market, owing to the existing well-established healthcare system,
increasing prevalence of degenerative bone disorder cases, and technological
advancements. Sports such as soccer, football, and skiing have been reported to
be high-risk sports that can cause injury to the ACL when compared to other
sports activities. For instance, due to increasing occurrences of ACL injuries,
nearly 100,000 ACL reconstructions are performed each year as per a report
published by PubMed.
Europe holds the
second position in the global cruciate ligament diagnosis and treatment market.
It is expected that the government support towards research and development
expenditure and rising prevalence of chronic bone diseases are likely to drive
the European cruciate ligament diagnosis and treatment market.
The Asia Pacific
cruciate ligament diagnosis and treatment market consist of countries, namely,
China, Japan, the Republic of Korea, India, Australia, and the Rest of Asia
Pacific. Japan is the largest market for cruciate ligament diagnosis and
treatment due to an increase in the prevalence of cancer and demand for
cruciate ligament diagnosis and treatment techniques. In China, factors
responsible for the market growth are rising geriatric population with
osteoporosis diseases and availability of low-cost diagnostic and treatment
options.
The Middle East
and Africa holds the lowest share of the global market due to low development,
lack of technical knowledge, and poor medical facilities.
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Segmentation
The global
cruciate ligament diagnosis and treatment market is segmented on the basis of
type, injury type, product, diagnosis, treatment, and end-user.
Based on type, the
global cruciate ligament diagnosis and treatment market is classified as
Posterior Cruciate Ligament (PCL) and Anterior Cruciate Ligament (ACL).
The segments for
injury type for the global cruciate ligament diagnosis and treatment market are
classified as grade I, grade II, and grade III.
On the basis of
product, the global cruciate ligament diagnosis and treatment market is
classified as cemented implants, cement-less implants, partial implants, and
revision implants.
Based on
indication, the global cruciate ligament diagnosis and treatment market is
classified as osteoarthritis, rheumatoid arthritis, trauma, and others.
The diagnosis segment
for the global cruciate ligament diagnosis and treatment market is classified
as imaging and others. The imaging segment is further classified as abdominal
x-ray, Magnetic Resonance Imaging (MRI), ultrasound, laparoscopy, angiography,
and others.
Based on
treatment, the global cruciate ligament diagnosis and treatment market is
classified as surgery, therapies, devices, and others. Surgery can be further
sub-divided into arthroscopy, Anterior Cruciate Ligament (ACL) reconstruction,
and others. The therapies include rehabilitation and physical therapies. The
devices include elastic bandages and others.
On the basis of
end-user, the global cruciate ligament diagnosis and treatment market is
classified as hospitals, orthopedic clinics, Ambulatory Surgical Center (ASC),
and others.
Global Cruciate
Ligament Diagnosis & Treatment Key Players
Stryker
Corporation (U.S.), Arthrex, Inc. (U.S.), Zimmer Biomet (U.S.), DePuy Synthes,
Inc. (U.S.), CONMED Corporation (U.S.), Smith & Nephew plc. (U.S.), DJO
Global Inc. (U.S.), Breg, Inc. (U.S.), Bauerfeind AG (Germany), Össur hf.
(Iceland), DeRoyal Industries, Inc. (U.S.), BSN Medical GmbH (Germany), 3M
Company (U.S.), Otto Bock Healthcare GmbH (Germany), THUASNE SA (France), medi
GmbH & Co. KG (Germany), DeRoyal Industries Inc. (U.S.), Corin Group (UK),
United Orthopedic Corporation (Taiwan), Exactech Inc. (U.S.), Japan Medical
Dynamic Marketing (Japan), Tornier Inc. (U.S.), and others are some prominent
players in this market.
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Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
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