The people with diabetes and rheumatoid arthritis are more likely to suffer from patellar tendinitis. The patient population suffering from diabetes and rheumatoid arthritis is increasing continuously, which significantly increased the demand for the treatment of the tendinitis drugs. Additionally, adoption of the sedentary lifestyle has fuelled the market growth.
Over the last decade, the total number of hospitals has increased to a great extent, which has influenced the growth of the market positively. Moreover, increasing demand for better treatment and changing reimbursement policies have fueled the market growth.
The global patellar tendinitis market is expected to grow at a CAGR of ~8.1% during the forecast period 2017-2023.
Key Players
Some of key the players in the market are Toshiba Medical Systems Corporation (Japan), Carestream Health (U.S.), Nihon Kohden Corporation (Japan), Electrical Geodesics Inc. (U.S.), Fujifilm Holdings (Japan), GE Healthcare (U.S.), Siemens Healthcare(U.S.), Philips Healthcare (U.S.), Shimadzu Corporation (Japan), Masimo Corporation (U.S.), Hologic (U.S.), Esaote (Italy), and others.
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Regional Analysis
Americas patellar tendinitis market is expected to show an extensive growth owing to increasing number of sports injuries, availability of cost-effective treatment, and flourishing growth of the sports medicine. Furthermore, technological advancement in the health care also accelerates the market growth.
Europe holds the second largest share of the global market. As per the European Union Injury Database, home, leisure, and sports injuries accounted for 73% of all injuries treated every year. It is also stated that sports injuries were common among the population from 10 to 19 years of age. Furthermore, over 7.9 million children under the age of 15 are treated for an injury in European Union (EU) hospitals each year. Out of the total sports injuries, team ball sports account for 40% of all hospital-treated injuries, and the prevalence of sports injuries was found to be higher among men than women. Additionally, In the EU, muscle strains, tendonitis, and stress fracture are the common chronic sports injuries. As per the article published in the Clinics in the Orthopedic Surgery, traumatic tendon injuries are commonly treated sports injuries, especially in the emergency department of the hospital. Additionally, soccer, tennis, indoor ball games, and downhill skiing are various games resulting in Achilles tendon ruptures.
Asia Pacific is the fastest growing patellar tendinitis market across the globe. Japan holds a major share of the regional market due to the availability of technology and huge healthcare spending. Rapidly developing the economy, increasing healthcare expenditure, and government initiatives for research & development will drive the market in China and India over the assessment period.
The Middle East and Africa hold the least share of the global market due to limited availability of medical facilities. The UAE, Saudi Arabia, and Kuwait are expected to drive the Middle East & African market whereas, the African region is expected to witness a moderate growth.
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The global patellar tendinitis market is segmented on the basis of diagnosis, treatment, and end user. On the basis of diagnosis, it is segmented into the physical examination, imaging tests, and others. An imaging test is further segmented into X-rays, Ultrasound, and Magnetic resonance imaging (MRI). The treatment segment is divided into corticosteroid injection, platelet-rich plasma injection, surgery, Medical devices, and others. Medical devices are further segmented into the mechanical band, support tape, pre-cut strips, continuous rolls, and others. Based on the end user, it is segmented into hospitals & clinics, research laboratories, and others.
Increasing prevalence of sports injury, increasing investment by biotechnology and pharmaceutical industries in R&D, and rising need for the better treatment methods drive the growth of the market. Furthermore, favorable reimbursement policies, increased application and significant investments in the development of new technologies for the treatment of diseases are likely to fuel the market growth during the forecast period. Moreover, increasing geriatric population is boost the market growth. Established market players in the developed countries lead the globalization by pushing new products and services into the developing countries and emerging economies. However, side-effects and higher treatment cost may hinder the market growth during the forecast period.
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The Americas dominate the global patellar tendinitis market owing to well-developed technology, increasing patient population for sports injury, high health care spending, and increasing government support for research & development. Furthermore, increased R&D activities and the concentration of major companies have fuelled the growth of the market in this region.
holds the second position in the global patellar tendinitis market owing to the government support for research & development and availability of funds for research. This is expected to continue to drive the European market over the forecasted period. For instance, developed economies such as Germany and France are increasing investment in the healthcare domain and are focusing more on hospital infrastructure.
Asia Pacific is the fastest growing patellar tendinitis market owing to the presence of rapidly developing healthcare technology and high healthcare expenditure. Moreover, increasing patient population in countries like India and South Korea are likely to emerge as the fastest growing market across the globe. Furthermore, increasing demand for quality devices in the healthcare sector is projected to lead the use of advanced equipment, which, in turn, may increase the market growth in this region.
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