Artificial Tendons and Ligaments Market Demand Size, Share & Forecast 2032

Artificial Tendons and Ligaments Industry Prospective:

The global artificial tendons and ligaments market size was worth around USD 37.18 million in 2023 and is predicted to grow to around USD 120.34 million by 2032 with a compound annual growth rate (CAGR) of roughly 13.94% between 2024 and 2032.

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Ligaments connect bone to bone and tendons connect muscles to bones. Both ligaments and tendons are an essential part of the musculoskeletal system. Both of them serve a major function to the joints and bones. They are crucial elements for the proper functioning of the muscular and skeletal system. Ligaments and tendons belong to the category of dense granular connective tissues. Worldwide many athletes, active working people, and the elderly population have a common problem of joint disability with tendon and/or ligament injuries and associated disorders. This situation influences the normal life of the affected population, hampering optimal movement and local structure reliability function. Artificial tendons and ligaments are generally made up of knitted polyester fabric, titanium alloy, and medical dimethyl siloxane, which are covered with pure polyethylene terephthalate and others.

According to the Centers for Disease Control and Prevention (CDC) 2016 estimates, participation in organized sports is increasing worldwide. Near about 30 million children and adults take part in youth sports in the U.S. Increasing participation in sports is leading to a growing number of injuries among America's young athletes. Adults account for an expected 2 million injuries each year whereas more than 3.5 million teenagers receive medical treatment for sports injuries every year. The artificial tendons and ligaments market is growing with an increase in the prevalence of sports injuries and awareness regarding artificial tendons and ligaments coupled with growing research activities in the field. Additionally, the benefits of artificial tendons and ligaments drive the artificial tendons and ligaments market. Furthermore, increasing fondness for minimally invasive surgeries is likely to drive the artificial tendons and ligaments market in the coming years. Unfavorable reimbursement policies and costly procedures may create restraints on market growth. Also, the unwillingness of healthcare providers to make the utilization of artificial tendons and ligaments can also impede the growth of the market. Market development and massive product penetration in developing countries are creating opportunities for artificial tendons and ligaments market growth in the coming years.

In order to give the users of this report a comprehensive view of the artificial tendons and ligaments market, we have included a competitive landscape and analysis of Porter’s Five Forces model in the market. The study encompasses a market attractiveness analysis, where the application and regional segmentation are benchmarked based on their market size, growth rate, and general attractiveness.

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The report provides a company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments in the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis. 

Artificial Tendons and Ligaments Market Segmentation Analysis

The study provides a decisive view of the artificial tendons and ligaments market by segmenting the market based on application and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032. 

Based on application, the artificial tendons and ligament market is segmented into knee injuries, shoulder injuries, foot and ankle injuries, and other injuries. The knee injuries segment is estimated to register the largest share of the global market and is likely to grow at the highest CAGR during the forecast period. This can be attributed to the increasing public participation in sports and athletic activities, increasing awareness, and the benefits of artificial tendons and ligaments.

The increasing incidence of sports injuries and a growing number of initiatives to increase awareness about artificial tendons and ligaments coupled with an increasing number of research activities on artificial tendons and ligaments are the major driving factors of the artificial tendons and ligaments market. However, reluctance to use artificial tendons and ligaments among healthcare providers and high procedure costs, and unfavorable reimbursement scenarios across major markets may hinder the growth of the artificial tendons and ligaments market. 

Artificial Tendons and Ligaments Market: Report Scope

Regional Analysis

By geography, North America continues to dominate the artificial tendons and ligaments market due to growing sports injuries coupled with the increasing geriatric population in this region. At the country level, the UK, the U.S., and China are likely to grow strongly in the coming years due to a high rate of investment in research &development by major market players. Additionally, ongoing research & development on artificial tendons and ligaments and wide acceptance of innovative surgical procedures have resulted in the expansion of the artificial tendons and ligaments market in this region. European region also has immense potential for artificial tendons and ligaments market growth. Government initiatives to boost sports, increasing cases of sports-related injuries, and an increasing number of conferences, symposia, meetings, and workshops in the UK along with a rising number of knee replacements, a growing number of agreements between universities, organizations, and companies in Germany are the major factors responsible for market growth in this region.

During the forecast period, the Asia Pacific region is expected to witness the highest growth, due to the emerging healthcare industry in countries such as Japan, growing research and development activities, collaborations with several international sports organizations, government initiatives, and favorable tax policies in China. Also, government support for providing sports medicine, a favorable healthcare system in India, and focus on LARS in Australia, and a focus on sports medicine in Malaysia and Singapore will help in enlarging the scope of the market in this region.

Artificial Tendons and Ligaments Market: Competitive Analysis

The global artificial tendons and ligaments market is dominated by players like:

• LARS
• Neoligaments
• Orthomed S.A.S.
• Cousin Biotech
• FX Solutions
• Arthrex, Inc.
• Shanghai PINE&POWER Biotech
• Mathys AG Bettlach
• Arthocare
• FH Orthopedics

 This report segments the global artificial tendons and ligaments market as follows:

Global Artificial Tendons and Ligaments Market: by Application

• Knee Injuries
• Shoulder Injuries
• Foot and Ankle Injuries
• Other Injuries

Global Artificial Tendons and Ligaments Market: by Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa