Growth in the prevalence of sport-related injuries across major parts of the globe is anticipated to drive demand opportunities in the global ACL reconstruction market during the forecast period of 2021 to 2031.
ACL reconstruction refers to a surgical procedure in which a torn anterior cruciate ligament (ACL), a largest ligament in knee, is replaced. This procedure can be performed by two techniques, namely nonsurgical or surgical.
TMR’s upcoming research report gives panoramic view of the ACL reconstruction market. Thus, the report delivers crucial data and inclusive analysis of key facets such as growth opportunities, drivers, restraints, and challenges in the market. Besides, this study offers dependable insights on sales, production, volume, shares, and revenues of the market for ACL reconstruction.
In this study, all data from the global ACL reconstruction market is presented in the form of segments. Fixation type, end users, procedure type, and region are some of the key parameters considered for the market segmentation. On the basis of fixation type, the market for ACL reconstruction is bifurcated into two parts, namely, femoral and tibial.
Majority of times, one of the key reasons for ACL injuries is varied sport activities such as football, basketball, downhill skiing, soccer, gymnastics, in which there are abrupt halts and changes in direction of a player. Thus, increase in number of injuries due to sport activities is projected to generate remarkable sales opportunities in the global ACL reconstruction market in the years ahead.
The prevalence of ACL injuries is high among skeletally immature athletes. Thus, growing number of children participating in various sports activities is likely to result into increased number of ACL injuries, and thereby exceptional demand avenues for players in the market.
Major players in the ACL reconstruction market are increasing investments in the development of new techniques and devices. This factor is anticipated to help in market expansion.
Generally, older population is prone to various injuries. Over the period of past few years, there is notable growth in this population pool across many developed and developing nations around the world. Apart from this, considerable growth in obese populace is observed across these geographies. These factors are estimated to result into increased demand opportunities in the ACL reconstruction market in the years to follow.
The nature of global ACL reconstruction market seems to be moderately fragmented due to presence of several players. The scenario also highlights that the competition levels in the market for ACL reconstruction are high. Thus to sustain in this competition, companies are growing participation in several organic and inorganic strategies.
Leading players in the ACL reconstruction market are focused on new product development activities. Therefore, they are investing heavily in the R & D activities.
The list of key players in the global ACL reconstruction market includes:
In terms of region, the global ACL reconstruction market shows existence in many regions including Europe, North America, Asia Pacific, Middle East and Africa, and Latin America. Of them, North America holds prominent market position owing to presence of sturdy healthcare infrastructure as well as many important players in the region.