Ligament Prostheses Market 2019
Description: –
Poor lifestyle choices, accidents and genetic conditions can affect the structural integrity of the ligaments. Surgical treatments like autografts for ligament injuries are an unfeasible solution for patients around the world. The high expenses, limited facilities with technological support and lack of trained surgeons are hindrances to provision of such treatments. The potential for high rates of donor-site morbidity and patient-site bacterial infection also make it very difficult for patients to seek surgical outcomes. Ligament tissue reengineering is now the chosen treatment technique across the world. This has led to the development and growth of the global ligament prostheses market.
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Key Players Included in This Report:
Biomet
Bone Bank Allografts
Corin
Cousin Biotech
Exactech
FH Orthopedics
FX Solutions
JRF Ortho
Lifenet Health
Neoligaments
The economic slowdown that gripped the world in the 2000s affected the trajectory of the ligament prostheses market as well. But industry veterans have remained optimistic and are hopeful about a revival. It is expected the ligament prostheses industry will see a rise in revenues, in the next few years. The time period between 2019 and 2023 is forecasted to exceptionally lucrative for the industry, with revenues skyrocketing to the millions. One of the contributing factors to this expected growth is the diversification of ligament prosthesis into numerous product types by manufacturers of ligament prosthesis.
The usage of nondegradable ligament prostheses in the body has numerous health benefits. First, these medical devices reduce the physical stress that the human body must otherwise undertake in surgical procedures. Second, they are designed to experience a lesser chance of rejection by the human body. Third, unlike ligament transplantation, attachment of ligament prosthesis does not lead to on-site disease transmission or donor-site morbidity. Fourth and finally, they have been observed leading to fewer operative and post-operative complications and increasing speed of recovery. Today, patients can find ligament prostheses for shoulder, knee, ankle and wrist.
Segmentation
The ligament prostheses market is segmented into different types based on two criteria – product, application and channel. In terms of product type segmentation, there are two types of ligament prostheses used in the market. The first is Allograft tissue which involves transplantation of the natural prosthesis from one person to another. The second is the Synthetic tissue which is manufactured from nondegradable, body-safe and light-weight materials.
When we refer to application-based segmentation, we refer to how the products are applied in specific industries. As of today, the ligament prosthesis market is segmented into two industries – hospitals and clinics. Finally, when we come to channel-based segmentation, the ligament prosthesis market is sold through two channels – direct sales and distributor.
Regional overview
The regions studied for the creation of this report have been Asia (India, Korea, China & Japan), North America (Canada & United States), Europe (Italy, Germany, France & UK), South America, Middle East, Africa and the Gulf Cooperation Council countries.
In terms of market size and revenue, North America leads the pack with the highest number of ligament transplantation treatments performed. This is closely followed by Europe. As earning potential, standard of living and disposable income rise across the Asian continent, more Asian countries are choosing ligament prosthetics treatment.
The Middle East, Africa and GCC countries aren’t far behind in their adoption rate. The markets in these countries are expected to grow tremendously in a few years.
Latest industry news
October saw the first time clinical implantation of state-of-the-art ankle alignment ligament prosthesis in France. The device is designed using a talar component and a 3D curved tibial component, which are expected to give enhanced support to the ankle. Post-operative imaging showed near-perfect alignment. The product is expected to come to markets soon pending successful completion of the clinical trial.
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Table of Contents – Major Key Points
- Ligament Prostheses Product Definition
- Global Ligament Prostheses Market Manufacturer Share and Market Overview
- Manufacturer Ligament Prostheses Business Introduction
- Global Ligament Prostheses Market Segmentation (Region Level)
- Global Ligament Prostheses Market Segmentation (Product Type Level)
- Global Ligament Prostheses Market Segmentation (Industry Level)
- Global Ligament Prostheses Market Segmentation (Channel Level)
- Ligament Prostheses Market Forecast 2018-2023
- Ligament Prostheses Segmentation Product Type
Continued….
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