Artificial Tendons Market Size, Share, Trends - Analysis Report 2023
According to research report Artificial Tendons Market
is expected to reach USD 35.0 million by 2023 from USD 18.5 million in
2018, at a CAGR of 13.6% during the forecast period (2018-2023).
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The
key factors driving the growth of this artificial tendons market
include increasing incidence of sports injuries, growing number of
initiatives to increase the awareness about artificial tendons and
ligaments, increasing research activities on artificial tendons and
ligaments, increasing preference for minimally invasive surgeries,
benefits of artificial tendons and ligaments, and the issues related to
the use of orthobiologics.
Europe to hold the largest share of the artificial tendons market in 2018
In
2018, Europe is projected to account for the largest share of the
artificial tendons and ligaments market, followed by Asia Pacific. The
market for artificial tendons and ligaments in this region is driven by
the increasing number of government initiatives to encourage sports;
increasing number conferences, meetings, symposia, and workshops to
showcase the latest sports technologies in the UK; increasing cases of
sports-related injuries; rising cases of knee replacements; minimal
out-of-pocket expenditure for medical devices; increasing number of
agreements between organizations, universities, and companies in
Germany; increasing aging population; and growing initiatives to
increase awareness about artificial tendons and ligaments in France.
Knee injuries to account for the largest share of the artificial tendons market in 2018
The
artificial tendons and ligaments market is segmented on the basis of
application into knee injuries, shoulder injuries, foot and ankle
injuries, and other injuries (spine and hip injuries).
In 2018,
the knee injuries segment is expected to register the largest share of
the global artificial tendons market and is estimated 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 key players in the global artificial tendons and
ligaments market are LARS (France), Neoligaments (UK), Cousin Biotech
(France), Orthomed S.A.S. (France), FX Solutions (France), Shanghai
PINE&POWER Biotech (China), and Mathys AG Bettlach (Switzerland).
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