Cruciate Ligament Repair Procedures Market: Current Analysis and Forecast (2023-2030)

Report Description

The cruciate ligament repair procedures market is expected to grow at a strong CAGR of around 8.5% during the forecast period owing to the surge in sports injuries, rising strategic collaborations by pharmaceutical giants, improved quality of treatment procedures, and technological developments using minimally invasive surgical procedures in the healthcare sector. For instance, according to the Arthroscopy Association of North America in August 2022, 21% of National Basketball Association players had a structural knee injury and the overall knee injury rate was 5.42 per 1,000 game exposures. Multiple factors have led to a surge in the market including the rising geriatric population throughout the world. Also, numerous pharmaceutical companies are competing to develop efficient orthopedic devices, which is also boosting the market growth. For instance, in June 2022, HSS offered a new implant by shifting focus from reconstruction to restoration for the treatment of anterior cruciate ligament (ACL) tears, which was approved by the FDA.

Some of the major players operating in the market include Integra LifeSciences; Stryker; Tissue Regenix; Smith and Nephew plc; CONMED Corporation; Zimmer Biomet; DJO, LLC; Medtronic; Arthrex Inc.; Medical Device Business Services, Inc. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst procedure, the anterior cruciate ligament (PCL) repair segment to grow with high CAGR during the forecast period”

Based on the procedure, the market is bifurcated into anterior cruciate ligament (ACL) repair and posterior cruciate ligament (PCL) repair. The anterior cruciate ligament (PCL) repair segment is expected to grow with a high CAGR during the forecast period owing to rising incidents of road accidents and rising sports injuries. ACL injuries are relatively more common compared to all other knee injuries. The recent trends of increased sports activities and a surge in road traffic accidents are propelling this segment.  For instance, according to the epidemiological profile study of anterior cruciate ligament injuries in a tertiary referral trauma center in Nepal published by the National Library of Medicine in June 2021, road traffic accidents were the most common cause of ACL injury (38.8%), followed by sports-related injuries in 33.3% and falls in 16.5% of patients. Thus, amongst procedures, the anterior cruciate ligament (ACL) repair segment is expected to grow with a high CAGR during the forecast period.

“Amongst application, the trauma held the dominant share of the market in 2022”

By application, the market is segmented into osteoarthritis, rheumatoid arthritis, trauma, and others. The trauma segment held the dominant share of the market in 2022 owing to the rising prevalence of sports injuries, road accidents, and falls. There has been an increasing spread of awareness about the long-term consequences of ligament injuries that are left untreated, including chronic pain, and compromised joint function. Multiple pharmaceutical companies are draining their funds and efforts to bring a potent solution to meet market demands. For instance, the Indian National Crime Records Bureau has reported a total of 4,03,116 road accident cases in 2021. As per the reports, road accident cases in the country have increased from 3,54,796 in 2020 to 4,03,116 in 2021. Also, Hence, the trauma segment held the dominant share of the market in 2022.

“Amongst end-users, the ambulatory surgical center segment to grow with high CAGR during the forecast period”

Based on end- users, the market is segmented into hospitals, ambulatory surgical centers, and others. The ambulatory surgical centers segment is anticipated to grow with a high CAGR during the forecast period owing to well-equipped facilities, and suitable settings for performing cruciate ligament repair procedures. An increasing number of sports injuries and the rise in patient crowds in hospitals are boosting the growth of this segment in the market. For instance, according to the National Safety Council in 2022, 3.6 million people were treated in emergency departments for sports and recreational equipment injuries where 15 to 24-year-olds had the highest injury rate. Thus, amongst end-users, the ambulatory surgical centers segment is expected to grow with a high CAGR during the forecast period.

Cruciate Ligament Repair Procedures Market Report Coverage

“North America held a significant share of the market in the year 2022”

For a better understanding of the market adoption of the cruciate ligament repair procedures industry, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America held a significant share of the market in the year 2022. Several factors such as increasing healthcare expenditure, the surge in the prevalence of sports and recreation injuries, and the presence of most key players and their associated surge in the cruciate ligament repair procedures are driving the regional market. Moreover, the new product developments, along with approvals and launches, helped the market to grow over the study period. For instance, in December 2021, U.S.-based Miach Orthopedics Inc. launched the BEAR Implant in the country for the treatment of anterior cruciate ligament (ACL) tears. Therefore, North America held a significant share of the market in the year 2022.

Frequently Asked Questions (FAQ)

Q1:  What is the current market size and growth potential of the cruciate ligament repair procedures market?

Ans: The cruciate ligament repair procedures market was valued at USD 6.5 Billion in 2022 and is expected to grow a CAGR of 8.5% during the forecast period (2023-2030).

Q2: What are the driving factors for the growth of the cruciate ligament repair procedures market?

Ans: The surge in sports injuries, rising strategic collaborations by pharmaceutical giants, improved quality of treatment procedures, and technological developments using minimally invasive surgical procedures in the healthcare sector are the driving factors for the growth of the cruciate ligament repair procedures market.

Q3: Which segment has the largest share of the cruciate ligament repair procedures market by procedures?

Ans: The anterior cruciate ligament (PCL) repair segment has the largest share of the cruciate ligament repair procedures market by procedures.

Q4: What are the emerging technologies and trends in the cruciate ligament repair procedures market?

Ans: Arthroscopic Needle Scope Surgery, Ligament Reconstruction using FiberTape InternalBrace, ACL Repair TightRope implant, SwiveLock ACL Repair Kit, and bridge-enhanced anterior cruciate ligament repair (BEAR) procedure are the emerging technologies and trends in the cruciate ligament repair procedures market.

Q5: Which region will dominate the cruciate ligament repair procedures market?

Ans: North America is expected to dominate the market during the forecast period.

Q6: Who are the key players operating in the cruciate ligament repair procedures market?

Ans: Integra LifeSciences; Stryker; Tissue Regenix; Smith and Nephew plc; CONMED Corporation; Zimmer Biomet; DJO, LLC; Medtronic; Arthrex Inc.; Medical Device Business Services, Inc. are the key players operating in the cruciate ligament repair procedures market.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

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Research Methodology

Research Methodology for the Cruciate Ligament Repair Procedures

Market Analysis (2022-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global cruciate ligament repair procedures market were the three major steps undertaken to create and analyze the adoption of cruciate ligament repair procedures in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global cruciate ligament repair procedures market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the cruciate ligament repair procedures market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the cruciate ligament repair procedures market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as procedure, application, end user, and region. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the cruciate ligament repair procedures market. Further, we conducted factor analysis using dependent and independent variables such as procedure, application, end user, and region of the cruciate ligament repair procedures market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the cruciate ligament repair procedures market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global cruciate ligament repair procedures market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the cruciate ligament repair procedures market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global cruciate ligament repair procedures market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global cruciate ligament repair procedures market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the procedure, application, end user, and region in the global cruciate ligament repair procedures market.

The main objective of the Global Cruciate Ligament Repair Procedures Market Study

The current & future market trends of the global cruciate ligament repair procedures market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the cruciate ligament repair procedures market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of the procedure, application, end user, and region.
• Define and analysis of the regulatory framework for the cruciate ligament repair procedures industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the cruciate ligament repair procedures market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the cruciate ligament repair procedures market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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