Market Trends of Cruciate Ligament Repair Procedures Industry
This section covers the major market trends shaping the Cruciate Ligament Repair Procedures Market according to our research experts:
Anterior Cruciate Ligament (ACL) Repair Segment Expected to Grow Over the Forecast Period
- Anterior cruciate ligament reconstruction is a surgical tissue graft replacement of the anterior cruciate ligament, located in the knee, to restore its function after an injury. It is an outpatient surgery performed by a doctor specializing in surgical procedures of the bones and joints. Injuries to the anterior cruciate ligament (ACL) are becoming more common in all sports, including elite athletics.
- Some factors driving the anterior cruciate ligament (ACL) repair segment growth include an increasing number of anterior cruciate ligament injuries, increasing participation in sports activities, such as basketball and football, and technological advancements, such as minimally invasive surgical techniques associated with ACL repair procedures.
- For instance, according to the report published by Annals of Joint in January 2022, anterior cruciate ligament injuries are a prominent issue in the field of sports medicine, especially for female athletes. Although programs to prevent anterior cruciate ligament injuries have been developed, injury rates are still high because these strategies need to be used to their full potential. As the preventive programs have not been fully implemented, anterior cruciate ligament injuries are increasing, which may significantly impact the market growth. Furthermore, as per the updated report by the National Library of Medicine in May 2022, anterior cruciate ligament injuries are most in the knee area, and the annual reported incidence in the United States alone is approximately 1 in 3,500 people. Hence, the significant number of cases is expected to impact the market over the forecast period positively.
- Thus, all the above factors are expected to contribute to the excellent growth of this segment over the forecast period.
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North America Expected to Hold a Significant Share in the Market Over the Forecast Period
- North America is expected to dominate the market owing to the increasing number of sports injuries and increasing product launches by major players. Some of the factors driving the market growth in the North American region include the rising geriatric population, rising prevalence of sports injuries, rising patient preference for minimally invasive procedures, and technological advancements.
- According to the report by National Safety Council, Sports and Recreational Injuries, sports injuries in the United States surged 20% in 2021 following a record-low number of sports and recreational injuries reported in 2020. In 2021, 3.2 million people were treated in emergency departments for injuries involving sports and recreational equipment. Exercise, cycling, and basketball are the sports most frequently linked to injuries. 15 to 24-year-olds have the highest injury rate, with nearly twice as many males wounded as females in this age group.
- Moreover, the new product developments, along with approvals and launches, help the market to grow over the study period. For instance, in December 2021, Miach Orthopaedics Inc. launched the BEAR Implant in select United States cities for the treatment of anterior cruciate ligament (ACL) tears, one of the most common knee injuries in the United States.
- Thus, considering the factors mentioned above, it is expected to fuel the market growth in the North American region over the forecast period.
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