Artificial Tendons And Ligaments Market To Reach $74.6 Million By 2030

Artificial Tendons And Ligaments Market Growth & Trends

The global artificial tendons and ligaments market size is anticipated to reach USD 74.6 million by 2030, registering at a CAGR of 11.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. Adoption of artificial grafts is on a rise owing to several benefits over autologous and allogenic grafts, such as high tensile strength, no immune reaction, and abrasion resistance. Increase in number of sports injuries, coupled with rising government efforts to create awareness about sports injuries and available medical reimbursements, is anticipated to fuel market growth.

For instance, the Government of Finland in collaboration with UKK Institute has been conducting a ‘LiVE-program’ since 2016 to improve safety in sports increase awareness about injury risks, sports training, and content of physical activity sessions. Over the past several decades, increase in participation of children and adolescents has been observed in various sports such as football, soccer, bicycles, handball, basketball, and volleyball. Moreover, increase in awareness about physical fitness among people will contribute to market growth.

Other factors likely to contribute to market growth include rising preference for minimally invasive surgery, continuous advancements in surgical procedures, and growing funding and research activities to develop novel materials for synthetic tendons and ligaments. Moreover, positive outcomes reported through various clinical trials pertinent to usage of artificial ligaments will accelerate growth in the near future. For instance, according to a study published in 2017 in NCBI, patients treated with artificial ligament after femoral tumor resection and reconstruction procedures exhibited a more stable hip joint and more active range of movement as compared to patients who did not received a synthetic ligament.

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Artificial Tendons And Ligaments Market Report Highlights

• Knee injuries accounted for the largest market revenue share of 44.8% in 2023 due to the rise in incidents of Anterior Cruciate Ligament (ACL) injuries.

• Hospitals dominated the market and accounted for a share of 71.6% in 2023. The growing number of tendon repairs done in outpatient facilities with short hospital stays is fueling the use of synthetic tendons and ligaments.

• Europe artificial tendons and ligaments market dominated the global artificial tendons and ligaments market in 2023, accounting for a revenue share of 48.6%.

• Asia Pacific artificial tendons and ligaments market is projected to be the fastest-growing region in the global artificial tendons and ligaments market, registering a CAGR of 12.0% over the forecast period.

Artificial Tendons And Ligaments Market Segmentation

Grand View Research has segmented the global artificial tendons and ligaments market on the basis of application, end use, and region:

Artificial Tendons And Ligaments Application Outlook (Revenue, USD Million, 2018 - 2030)

• Knee Injuries

• Shoulder Injuries

• Foot and Ankle Injuries

• Other Applications

Artificial Tendons And Ligaments End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Outpatient Facilities

Artificial Tendons And Ligaments Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of Artificial Tendons And Ligaments Market

• COUSIN SURGERY

• Smith+Nephew

• Zimmer Biomet

• Xiros Ltd. (Neoligaments)

• Orthomed

• Shanghai PINE&POWER Biotech

• Arthrex Inc.

• Corin Group

• Enovis Corporation (Mathys AG Bettlach)

• Stryker

• GROUP FH ORTHO