The artificial tendons and ligaments market was anticipated to grow with a CAGR of more than 12.0%, during the forecast period. The major factors attributing to the growth of the artificial tendons and ligaments market are the increasing incidence of sports injuries along with a rise in patient preference for minimally invasive surgeries. For instance, “Accident and Emergency (A&E) statistics”, says that about 24.8 million sports-injuries were recorded In 2019 with an increase of 2% compared with 2018.

There are few more factors that play a pivotal role in market growth such as an increase in awareness programs about artificial tendons and ligaments and research activities on the segment. However, high prices of procedures and unfavorable reimbursement policies would restrain the growth of the market in emerging economies in the forecast period. Also, a lack of awareness by patients and the unwillingness of healthcare providers to make the utilization of artificial tendons and ligaments can also impede the growth of the market.

Key Market Trends

Knee Injuries Segment is Expected to Hold the Largest Market Share in the Artificial Tendons and Ligaments Market

The knee injuries segment is expected to hold the highest market share this is mainly due to factors such as rising participation in sports which leads to increased incidence of knee injuries, patient discomfort at the target site due to conventional surgical treatment methods that use allografts, etc. Artificial ligaments for knee injuries offer unique advantages over allografts and autografts such as reduced procedural time, faster recovery, and higher availability than donor tendon grafts.

North America Dominates the Market and is Expected to do Same in the Forecast Period.

North America is expected to dominate the overall artificial tendons and ligaments market, throughout the forecast period. The dominance is due to several factors such as growing sports injuries coupled with the increasing geriatric population in this region. By country, the United States holds the largest market share followed by the United Kingdom in the European region owing to factors such as increased awareness, wide acceptance of innovative surgical procedures, and adoption of advanced healthcare infrastructure in the region.

Asia Pacific is also set to grow at the fastest rate during the forecast period, due to the high rate of investment by R&D on artificial tendons and ligaments in the region. Also, increased sports participation and government support for providing sports medicine, a favorable healthcare system in India along with ongoing trials will further stimulate the market growth in the region.

Competitive Landscape

The artificial tendons and ligaments market is moderately competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some prominent players are vigorously making acquisitions with the other companies to consolidate their market positions across the globe and focus on innovation. Some of the companies which are currently dominating the market are Neoligaments, Orthomed S.A.S, Corin Group, Shanghai PINE & POWER Biotech, and Arthrex Inc.

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