PRESS REALESE

ACL Reconstruction Procedures Market worth $ 11.0 Bn by 2030 at a CAGR of 5.1%

By Precedence Research 1 year ago
post

Latest Study on “ACL Reconstruction Procedures Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2022-2030”.

The global ACL Reconstruction Procedures market size is expected to be worth around US$ 11.0 billion by 2030, according to a new report by Nova one advisor.

The global ACL Reconstruction Procedures market size was valued at US$ 7.2 billion in 2021 and is anticipated to grow at a CAGR of 5.1% during forecast period 2022 to 2030.

Request Free Sample of This Report@ https://www.novaoneadvisor.com/report/sample/5999

Growth Factors:

Anterior cruciate ligament (ACL) reconstruction procedure is a surgery used for replacement or repair of torn anterior cruciate ligament caused due to sports injuries. ACL is an important soft tissue structure present in the middle of the knee that connects femur to the tibia in the knee. ACL reconstruction surgery procedure involves replacement of torn ligament with tissue graft, which is similar to ACL.

Competitive athletes are at high risk of ACL injuries, which drives the demand for ACL reconstruction procedures. The growth of the global market can be attributed to increase in awareness about sports injuries and emphasis on the treatment of orthopedic disorders. This fuels the demand for advanced ACL reconstructive procedures across the globe.

Report Scope of the ACL Reconstruction Procedures Market

Report Coverage

Details

Market Size

US$ 11.0 Billion by 2030

Growth Rate

CAGR of 5.1% from 2022 to 2030

Largest Market

North America

Fastest Growing Market

Asia Pacific

Base Year

2021

Forecast Period

2022 to 2030

Segments Covered

Type, Fixation Type, End-user and Region,

 

Full Report is Ready | Quick Buy This Premium Report from Here@ https://www.novaoneadvisor.com/report/checkout/5999

ACL Reconstruction Procedures Market: Overview

  • The global ACL reconstruction procedures market was valued at US$ 7.2 Bn in 2021 and is projected to expand at a moderate CAGR of 5.1 from 2022 to 2030. Increase in incidence of sports injuries, rise in prevalence of orthopedic diseases, surge in patient burden suffering from anterior crucial ligament tear, and increase in demand for ACL reconstruction procedures are the major factors anticipated to drive the global ACL reconstruction procedures market during forecast period.
  • ACL, also known as anterior crucial ligament, is a major knee ligament situated diagonally in the middle of the knee. Anterior crucial ligament offers rotational stability to the knee and prevents the tibia from sliding out. Anterior crucial ligament reconstruction is a recommended surgery to replace torn anterior cruciate ligament. ACL injuries are primarily caused due to sports such as football, soccer, basketball, and volleyball.
  • ACL reconstruction is a standard care of surgical treatment for ACL tears and is widely opted by surgeons. During the ACL reconstruction surgery, the torn ligament is removed and replaced with a graft such as autograft or allograft. Anterior cruciate ligament plays a pivotal role in maintaining knee joint stability. Reconstruction procedures restore the stability of the knee joint. Two techniques are used for ACL reconstruction: extra-articular and intra-articular. Technological advancements in arthroscopy procedures have driven the demand for intra-articular technique, including patellar tendon autograft, hamstring autograft, quadriceps tendon autograft, iliotibial tract, gracilis tendon, allograft, and others.

Key Industry Events to Propel ACL Reconstruction Procedures Market

Various strategies adopted by prominent players such as launch of new products, merger & acquisition, and alliances with other companies are likely to propel the global ACL reconstruction procedures market during the forecast period. These players opt for various strategies such as geographic expansion, expansion of new product portfolio in developing countries, and strong distribution network in the developing countries. These factors are anticipated to boost the growth of the global ACL reconstruction procedures market. In June 2021, Colfax, the parent company of DJO LLC, entered into a definitive agreement to expand DJO’s successful reconstructive business and acquire Mathys AG Bettlach, a Switzerland-based company that develops and distributes innovative products for artificial joint replacement, synthetic bone graft solutions, and sports medicine.

In September 2021, Stryker Corporation completed the acquisition of Wright Medical Group NV, a medical device company, which focuses on extremities and biologics. This acquisition provides the company significant opportunities in providing innovative solutions to the patients.

ACL Reconstruction Procedures Market: Segmentation

  • The global ACL reconstruction procedures market has been segmented based on type, fixation type, end-user, and region
  • In terms of type, the global ACL reconstruction procedures market has been bifurcated into extra-articular and intra-articular. The intra-articular segment accounted for major market share in 2020. The intra-articular segment has been split into patellar tendon autograft, hamstring tendon autograft, and quadriceps tendon autograft. Patellar tendon autograft is standard and the most common procedure used for anterior cruciate ligament reconstruction. Moreover, hamstring tendon autograft is the most popular choice for anterior cruciate ligament reconstruction. These factors are expected to propel the hamstring tendon autograft segment in the next few years.
  • Based on fixation type, the global ACL reconstruction procedures market has been classified into femoral and tibial. The tibial segment held the largest market share in 2020, as these offer mechanical benefit in ACL reconstruction procedures. Moreover, tibial hamstring graft is considered cost-effective and simple ACL reconstruction technique, which provides desired outcomes for patients. This is likely to drive the segment during the forecast period.
  • In terms of end-user, the global ACL reconstruction procedures market has been divided into hospitals, orthopedic centers, and others. The hospitals segment accounted for the largest market share in 2020. In developed countries, hospitals are government and publicly funded, which minimizes the cost of ACL surgeries and reduces the economic burden on the patient. Hence, patients prefer hospitals for surgeries. Moreover, rise in admission of patients due to ACL injuries and increase in orthopedic surgeries are likely to propel the hospitals segment during the forecast period.

ACL Reconstruction Procedures Market: Prominent Regions

In terms of region, the global ACL reconstruction procedures market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global ACL reconstruction procedures market in 2020, followed by Europe and Asia Pacific. Product launches by market players such as Zimmer Biomet, increase in the number of FDA approvals and patent grants, and rise in demand for ACL reconstruction procedures are anticipated to drive the market in North America during the forecast period. Increase in number of arthoscopy procedures in the U.S., surge in burden of patients suffering from sports injuries, rise in demand for health care products, and increase in health care spending are factors anticipated to propel the ACL reconstruction procedures market in the region. The market in North America is driven by increase in the number of Food and Drug Administration (FDA) approvals for tissue meshes and launch of fixation devices by market players.

The ACL reconstruction procedures market in Asia Pacific is expected to expand at a higher CAGR from 2022 to 2030 attributable to growing medical tourism, increase in incidence of sports injuries, technological advancements, rise in the number of orthopedic procedures, and surge in healthcare expenditure. Launch of new products in China and Japan and rigorous marketing campaigns adopted by leading players in the region to gain competitive advantage are likely to fuel the growth of the market in Asia Pacific during the forecast period.

Some of the prominent players in the ACL Reconstruction Procedures Market include:

  • Arthrex, Inc.
  • CITIEFFE S.R.L.
  • CONMED Corporation
  • DJO Global, Inc.
  • Johnson & Johnson Services, Inc.
  • Medtronic
  • Miach Orthopaedics
  • Meira Corporation
  • RTI Surgical
  • Smith+Nephew
  • Stryker Corporation
  • Tissue Regenix Group
  • Zimmer Biomet Holdings, Inc.

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:

  • ACL Reconstruction Procedures Market, by Type
    • Extra-articular
    • Intra-articular
      • Patellar Tendon Autograft
      • Hamstring Tendon Autograft
      • Quadriceps Tendon Autograft
      • Others
  • ACL Reconstruction Procedures Market, by Fixation Type
    • Femoral
    • Tibial
  • ACL Reconstruction Procedures Market, by End-user
    • Hospitals
    • Orthopedic Centers
    • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Benefits for Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global ACL Reconstruction Procedures industry analysis from 2022 to 2030 to identify the prevailing ACL Reconstruction Procedures industry opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the global ACL Reconstruction Procedures industry segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global ACL Reconstruction Procedures industry trends, key players, market segments, application areas, and market growth strategies.

Full Report is Ready | For Purchase Inquiry@ https://www.novaoneadvisor.com/report/checkout/5999

You can place an order or ask any questions, please feel free to sales@novaoneadvisor.com| +1 9197 992 333

Blog: https://www.novaoneadvisor.com/

Blog: https://www.visionresearchreports.com/

Blog: https://qyresearchmedical.com/