Albany, NY -- (SBWIRE) -- 01/04/2019 -- Global Artificial Tendons and Ligaments Market: Overview
The use of artificial tendons and ligaments in surgical reconstruction has opened a new clinical avenue for patients looking for fast and more reliable tendon and ligaments repair. They are made essentially of fibrous connective tissue and supports the musculoskeletal system. Artificial tendons are used in Achilles tendon repair. There is a popular demand for artificial tendons and ligaments in patellar ligament reconstruction and Anterior cruciate ligament reconstruction. The use of these implants is preferred over autografts and allografts on account of unique advantages such as reduced procedural time, faster recovery, and higher availability than donor tendon grafts.
Over the past few years, considerable research has been done on improving the clinical efficacy of artificial tendons and ligaments in recent years. This has made favorable impact on the rapid evolution of the market.
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The analyses and findings in the report offers critical evaluations of various lucrative opportunities in key regions, emerging clinical avenues, major technological advances, and the prevailing reimbursement scenario. The analyses are critical for a range of stakeholders, notably policy makers, business executives, and investors to assess the prospects of the artificial tendons and ligaments market.
Global Artificial Tendons and Ligaments Market: Trends and Opportunities
The rising incidence of sports-related injuries, especially in developed countries such as the U.S. and the U.K., is likely to emerge as the key factor driving the market. The rising number of minimally-invasive surgeries for tendon and ligament reconstruction, world over, is expected to bolster the demand for artificial tendons and ligaments. The growing demand for modern surgical treatments that cause minimal discomfort to patients is expanding the clinical prospects of the artificial tendons and ligaments market. In developed countries, rapid advances made in knee replacement procedures are also likely to offer a big, favorable impetus to the market growth in the not-so-distant future.
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However, there is reluctance among healthcare providers to adopt artificial tendons and ligaments, largely on account of their high cost involved in the related procedures and unfavorable reimbursement scenario. Moreover, the various risks, notably that of inflammation of the synovial membrane in patients, hamper clinical efficacy of these synthetic tendons and ligaments. Also the lack of trained professionals in less developed regions to carry out surgeries is also boosting the market. Nevertheless, the prospects of the artificial tendons and ligaments market is vast in emerging nations, mainly fueled by large unmet needs. Furthermore, growing governments' initiatives to bolster the public's participation in sports are also expected to catalyze the expansion of the market.
Global Artificial Tendons and Ligaments Market: Regional Outlook
On the regional front, Europe has been presenting potentially promising avenues in the global artificial tendons and ligaments market for the past few years. Emerging avenues in the region are underpinned by the rising incidence of sports-related injuries, attributed to the widespread participation of public in sports. There have been strategic tie-ups between implant developers and universities and research organizations in numerous countries of the region, which is likely to generate attractive revenues in this regional market. The rapidly aging population and constant improvements made in healthcare facilities in developing regions will also open new frontiers in the global market.
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Global Artificial Tendons and Ligaments Market: Competitive Landscape
The study takes a closer look at the prevailing competitive dynamics in the global artificial tendons and ligaments market. The analyses also shed light on major research and development (R&D) initiatives of key players and their recent collaborations and partnership activities. Some of the key players operating in the artificial tendons and ligaments market are Mathys Medical, FX Solutions, Shanghai Pine & Power Biotech, Orthomed, and Neoligaments.
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