Artificial Tendons And Ligaments Market Import-Export Ratio, Share, Expansion Rate Forecast To 2028
Synthetic textile implants do not require donor harvesting shortening surgical procedural time and allows retention of initial strength at the same time as auto grafts undergo a necrotic stage before eventually recovering over a long period of time.
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Major factor driving growth of the global market is rising number of patient pool undergoing various surgeries related to knee, shoulder, and foot and ankle. In addition, increasing demand for minimal invasive procedures is another factor expected to support growth of the global market to certain extent.
The global artificial tendons and ligaments market report has been segmented on the basis of application and region.
The application segment in the global target market is segmented on the basis of knee injuries, shoulder injuries, foot and ankle injuries, and other injuries (spine and hip injuries). The foot and ankle injuries segment is expected to contribute significant revenue share in the global market.
On the basis of region, the global target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America is expected to dominate the global market and is expected to continue its dominance over the forecast period. This can be attributed to well-developed healthcare sector and presence of major player operating in the countries in this region. In addition, growing merger and acquisition activities among regional and international players is expected to further support growth of the market in the region. Europe is expected to contribute significant revenue share in the global market. The markets in Latin America and Middle East & Africa are expected to witness moderate growth over the forecast period.
Key players operating in the target market include LARS, Xiros Ltd., Orthomed S.A.S., Cousin Biotech SAS, Fx Solutions S.A.S., Arthrex, Inc., Shanghai PINE&POWER Biotech, Mathys AG Bettlach, ArthroCare Corporation, and FH ORTHOPEDICS S.A.S.
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