Fact.MR – A Market Research and Competitive Intelligence Provider: The global collateral ligament stabilizer system market is expected to reach US$ 3.5 Billion by the end of the 2022-2032 forecast period, growing at a CAGR of 6.1%, concludes a recently published report by Fact.MR.
The Collateral Ligament Stabilizer System Market in China Is Poised To Yield A Dollar Opportunity Worth US$92.1 Million from 2022-2032, Anticipated To Expand At a CAGR Of 5.2%
“Rising prevalence of chronic conditions such as osteoarthritis, an increasing number of accident & trauma cases, and continuous R&D activities by key market players for producing innovative products stimulating demand for collateral ligament stabilizer systems,” remarks an analyst at Fact.MR.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global collateral ligament stabilizer system market is expected to reach US$ 3.5 Billion by the end of the 2022-2032 forecast period, growing at a CAGR of 6.1%, concludes a recently published report by Fact.MR. As of 2022, the market is poised to reach US$ 1.9 Billion, yielding a dollar opportunity worth US$ 1.5 Billion throughout the forthcoming decade. Advancements in healthcare technology have pushed sales to new heights.
Demand expanded significantly from 2015 to 2021, registering a growth rate of 6.6% to be valued at US$ 1.8 Billion. Increasing chances of arthritis and joint disorders, an increase in the geriatric population, and growth in the number of knee injuries drive the growth of the market.
In addition, the increasing prevalence of diseases such as rheumatoid arthritis and osteoarthritis and awareness about joint disorders fuels the market growth. Also, the increasing number of sports-related injuries like bone fractures, dislocated joints, and ligament tearing propels the growth of the market. These trends are likely to provide traction to the collateral ligament stabilizer system market.
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Key Takeaways from the Market Study
- Global collateral ligament stabilizer system market to flourish 0.8x from 2022 to 2032
- U.S to emerge as the dominant collateral ligament stabilizer system market, reaching US$ 1.2 Billion by 2032
- China to be the fastest-growing market, registering a CAGR of 5.2% across the decade
- South Korea, U.K & Japan are likely to yield $ opportunities worth US$ 128.7 Million, US$ 147.2 Million, and US$198.1Million respectively
- By injury type, grade 3 injuries to register maximum collateral ligament stabilizer system usage, growing at a 5.7% CAGR
- Hospitals to emerge as the top endues category, growing at a rate of 5.9% through 2032
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Competitive Landscape
The global market for collateral ligament stabilizer systems is characterized by the presence of multiple vendors, aiming to offer extensive consulting and integration services to clients. Additionally, enterprises are seeking out, specialized service providers, offering solutions tailor-made to suit their business objectives. In addition, the vendors are likely to leverage up-gradation and product differentiation to gain an edge over other competitors in the market.
- In August 2020 – DJO LLC introduced Motion iQ, an innovative new software solution designed to transform the surgical journey by connecting the surgeon, care team, and patient throughout the continuum of care. DJO also helps to enhance patient outcomes and optimize overall costs for orthopedic patients and providers
- In December 2020 – Arthrex announced the launch of the SwiveLock ACL Repair Kit, the first and only FDA-cleared kit for the primary repair of anterior cruciate ligament (ACL) tears. This is a significant achievement in orthopedic surgery. Arthrex’s continuous innovation and dedication Helping Surgeons to Treat Their Patients Better.
- In February 2022- Össur announced the launch of its new POWER KNEE™, the world’s first actively powered microprocessor prosthetic knee for people with above-knee amputation or limb difference. The POWER KNEE creates motion by providing active powered assistance while distinguishing whether its wearer is walking on varying surfaces, inclines, or declines, or sitting and standing.
Get Customization on this Sales of Collateral Ligament Stabilizer System Report for Specific Research Solutions at https://www.factmr.com/connectus/sample?flag=RC&rep_id=7410 Key Segments Covered in the Collateral Ligament Stabilizer System Industry Report
- Collateral Ligament Stabilizer System Market by Ligament:
- Medial Collateral Ligament (MCL) Stabilizer Systems
- Lateral Collateral Ligament (LCL)) Stabilizer Systems
- Collateral Ligament Stabilizer System Market by Injury Type:
- Collateral Ligament Stabilizer for Grade 1 Injury
- Collateral Ligament Stabilizer for Grade 2 Injury
- Collateral Ligament Stabilizer for Grade 3 Injury
- Collateral Ligament Stabilizer System Market by End Use:
- Collateral Ligament Stabilizer System for Hospitals
- Collateral Ligament Stabilizer System for Orthopedic clinics
- Collateral Ligament Stabilizer System for Other End Use
- Collateral Ligament Stabilizer System Market by Region:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global collateral ligament stabilizer system market, presenting historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of ligament (Medial collateral ligament(MCL), lateral collateral ligament(LCL)) by Injury type (Gdrade1, Grade2, Grade3) by endues (Hospitals, orthopedic clinics, others) across five major regions (North America, Europe, Asia Pacific, Middle East & Africa and Latin America).
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