Cruciate Ligament Repair Procedures Market: Introduction
- Cruciate ligaments are a pair of ligaments that hold the bones of the knees together. Cruciate ligaments are also called cruciform ligaments as they are arranged in a crossed or an X formation.
- In a cruciate ligament repair surgery, a surgical tissue graft is used to replace the torn or injured cruciate muscles. The most common grafts are autografts using part of your own body, such as the tendon of the kneecap (patellar tendon) or one of the hamstring tendons, or the quadriceps tendon above the kneecap. Another choice is allograft tissue, which is taken from a deceased donor.
Key Drivers and Restraints of Global Cruciate Ligament Repair Procedures Market
- As the age progresses, the synovial fluid between the knee joint starts drying out which can lead to higher friction for the cartilage, bones, and the ligament. This leads to arthritis and other complications which require knee replacement procedures. Furthermore, other connective tissues such as ligaments attached to the bones become less flexible and more constrained. These factors are expected to drive the demand for cruciate ligament repair procedures among the geriatric population.
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- Lifestyle changes along with changes in eating habits lead to increase in obesity, which puts pressure on the joints in lower extremity and leads to joint damage and other joint disorders. Increase in percentage of elderly and obese populations is likely to propel the number of cruciate ligament repair procedures during the forecast period.
- According to the U.S. Department of Health & Human Product estimates, the U.S. is likely to have about 72.1 million geriatric population by 2030, which is more than twice the number in 2000. According to the American Association of Orthopedic Surgeons, the obese population is 20 times more likely to undergo knee replacement surgery when compared to those who are not overweight.
Anterior Cruciate Ligament (ACL) Repair Segment to Lead Global Market
- The global cruciate ligament repair procedures market can be segmented based on procedure type, indication, and region
- Based on procedure type, the global cruciate ligament repair procedures market can be divided into anterior cruciate ligament (ACL) repair and posterior cruciate ligament (PCL) repair. The anterior cruciate ligament (ACL) repair segment is expected to dominate the global market during the forecast period as anterior cruciate ligament is the more common type of the two ligaments to witness wear and tear.
- In terms of indication, the global cruciate ligament repair procedures market can be classified into osteoarthritis, rheumatoid arthritis, trauma, and others
Asia Pacific to Present Lucrative Opportunities in Global Cruciate Ligament Repair Procedures Market
- The global cruciate ligament repair procedures market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- The cruciate ligament repair procedures market in Asia Pacific is projected to expand at a relatively high growth rate during the forecast period, owing to increase in focus on development of health care infrastructure by the public as well as private hospitals, along with growing demand for affordable care from a significant base of patient population. Wide scope of development and rapidly urbanizing population offer strong business expansion potential to the emerging as well as established market players in this region, which is a major reason for the rapid growth of the cruciate ligament repair procedures market in Asia Pacific.
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Key Players Operating in Global Cruciate Ligament Repair Procedures Market
Leading players in the global cruciate ligament repair procedures market include:
- Stryker Corporation
- Smith & Nephew plc
- DJO Global
- Arthrex, Inc.
- DePuy Synthes
Global Cruciate Ligament Repair Procedures Market: Research Scope
Global Cruciate Ligament Repair Procedures Market, by Procedure Type
- Anterior Cruciate Ligament (ACL) Repair
- Posterior Cruciate Ligament (PCL) Repair
Global Cruciate Ligament Repair Procedures Market, by End-user
- Rheumatoid Arthritis
Global Cruciate Ligament Repair Procedures Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.