Ligament injuries usually occur due to extreme force on the joints due to high-impact events or falls. The most common ligament injuries occur in the ankle, thumb, wrist, knee, neck, or back. The common procedures for the treatment of these injuries include physical therapy and surgical procedures. The surgical procedures include ligament reconstruction surgeries to replace or repair the damaged ligament. The rising incidence of ligament injuries such as anterior cruciate ligament (ACL) that supports the stabilization of the knee is attributed to driving the market growth. According to an article by the National Library of Medicine dated May 2022, about 100,000 to 200,000 cases of ACL are reported in the U.S every year. Moreover, an increased number of people adopting a healthy lifestyle and taking up physical activities due to increased awareness about health issues such as cardiovascular diseases and other chronic diseases is anticipated to boost the growth of the market. The increase in number of people undertaking physical activities is expected to increase the risk of injuries among this population thereby driving the demand for ligament repair and reconstruction procedures. According to National Health Survey done in 2020-2021, by the Australian Bureau of Statistics, 73.4% of the people in the age group of 18-64 performed physical activity for at least 150 minutes or more per week.
Growing geriatric population is anticipated to be a key factor for the market growth due to the higher prevalence of arthritic condition such as osteoarthritis and rheumatoid arthritis which reduce the synovial fluid between the joints and thereby increases friction between the bones, joints and ligaments. This results in increasing incidences of injuries among this population.
Rising approvals of new and innovative products is anticipated to further drive the growth of the market. For instance, in December 2020, FDA authorised marketing for Bridge-Enhanced ACL-Repair (BEAR) Implant to Miach Orthopaedics Inc. The BEAR Implant is a resorbable implant made from bovine collagen which is absorbed by the body within eight weeks of surgical procedure and is replaced by the body’s own tissue. Moreover, the market is also anticipated to witness a considerable growth due to launch of innovative products by key players. For instance, in December 2020, Arthrex launched SwiveLock ACL Primary Repair Kit, which is the first and only U.S. FDA approved primary repair kit for ACL treatment. SwiveLock ACL Primary Repair Kit contains high strength sutures, anchors and braces for ligament augmentation, which helps in faster recovery of the patient while protecting the injured ligament.
Some of the key players in the market are Arthrex, Inc., CONMED Corporation, DePuy Synthes, Inc., Zimmer Biomet, DJO Global, Tissue Regenix Group PLC, Smith & Nephew, PLC, Medtronic, Exactech, Inc., Integra LifeSciences. Various strategies such as product launch, collaborations, merger and acquisitions are adopted by these key players to increase the market share. For instance, in June 2022, Medtronic received clearance for LigaPASS 2.0 Ligament Augmentation System. The system aids the surgeons to plan, execute and analyze the surgical procedures. LigaPASS 2.0 Ligament Augmentation System has several advantages such as it can be combined with other systems such as UNiD Adaptive Spine Intelligence (ASI) platform, which uses artificial intelligence and data science to transform the patient care for particular spine surgeries.
Grand View Research, Inc. has segmented the ligament repair and reconstruction market report based on product type, procedure, application, end-use, region:
Product Type Outlook (Revenue, USD Million, 2016 - 2030)
Hamstring Tendon Autograft
Bone-Patellar Tendon-Bone Autograft
Quadriceps Tendon Autograft
Procedure Outlook (Revenue, USD Million, 2016 - 2030)
Anterior Cruciate Ligament (ACL) Repair and Reconstruction
Posterior Cruciate Ligament (PCL) Repair and Reconstruction
Medial Collateral Ligament (MCL) Repair and Reconstruction
Lateral Collateral Ligament (LCL) Repair and Reconstruction
Application Outlook (Revenue, USD Million, 2016 - 2030)
End-use Outlook (Revenue, USD Million, 2016 - 2030)
Ambulatory Surgical Centres
Regional Outlook (Revenue, USD Million, 2016 – 2030)
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