The global Anterior Cruciate Ligament Repair market was valued at USD 6.4 Billion and is expected to reach USD 9.5 Billion with a CAGR of 6.4% during the forecast period, 2022-2028. The industry is seeing exponential growth owing to the increased number of sports-related knee injuries and the growing demand for minimally invasive procedures. The market is expected to be strengthened by increasing the number of products launched and industry consolidation over the projected period. Another reason to boost the Anterior Cruciate Ligament Repair market growth is the rising number of patients suffering from sports-related injuries. Sports injuries are likely to rise as more children and adolescents participate in organized sports, which is expected to drive the market’s revenue growth.
However, Patients face a major challenge because of the high cost of knee procedures, especially in emerging nations where reimbursement rates are low, which is estimated to hinder market growth.
One of the most important ligaments that helps support the knee joint is the anterior cruciate ligament (ACL). Cruciform ligaments are another name for cruciate ligaments. In anterior cruciate ligament repair surgery, a surgical tissue graft replaces torn or injured cruciate muscles. Autograft and Allograft are the two types of grafts used in this procedure. An autograft is a tissue transfer from one part of the body to another within the same person. Skin grafts, bone marrow grafts, and other procedures are examples. An allograft is the transplantation of an organ, tissue, or cells from one person to another person of the same species.
Chronic diseases such as cystic fibrosis, hepatitis, cardiovascular ailments, and cancer are frequently caused by age-related physiological changes and metabolic inefficiencies. Various soft tissue injuries are more common in the elderly. According to a UK register study, the prevalence of hernia increased with age, rising from 5% in the age group 25 to 34 years to 10% in the age group 35 to 44 years, 18% in the age group 45 to 54 years, 24% in the age group 55 to 64 years, 31% in the age group 65 to 74 years, and 45% in the age group 75 and over. According to a report published in the Advances in Orthopaedic Surgery journal, rotator cuff tears affect more than 40% of the population aged 60 and up.
The global population aged 65 and up is predicted to rise from 9.3% in 2020 to roughly 16.0% in 2050. From 2022 to 2028, the growing aging population increased disposable income, and higher per capita healthcare spending is expected to stimulate demand for Anterior Cruciate Ligament Repair procedures.
Globally, people are becoming more aware of the health benefits of sports and physical activity. Sports have become more popular among the youth as a result of this. As a result, the number of people participating in various sports has risen dramatically. According to the National Basketball League of the United States, roughly 24.23 million people (aged six and older) will participate in basketball in 2020. According to the American Academy of Orthopaedic Surgeons (AAOS), over 200,000 anterior cruciate ligaments (ACL) injuries are reported in the United States each year, with approximately 100,000 ACL repairs completed. The market is likely to be driven by the large growth in soft tissue injury over the coming decade.
Before the pandemic, one of the primary variables projected to fuel revenue growth was the increased number of trauma patients and orthopedic surgery. As the number of physicians grows, so does the client base for soft tissue repair products, resulting in total growth. In addition, the market was growing at an exponential rate due to an increase in the number of sports-related knee injuries and the need for minimally invasive procedures.
Hospitals have become high-risk zones due to the rising prevalence of COVID-19, particularly for patients with chronic illnesses. As a result, throughout the first and second quarters of 2020, non-critical treatments such as elective surgeries were canceled or postponed, resulting in a considerable decrease in the overall number of elective surgical procedures conducted. As a result, demand for ACL repair solutions is expected to plummet in 2020. Elective surgical operations were further deprioritized in COVID-19’s second wave. Medical procedures and elective surgeries have also been restricted or prohibited by governments worldwide.
Following the pandemic, increased engagement in sports worldwide may increase the number of people suffering from knee injuries. The increasing prevalence of anterior cruciate ligament (ACL) injuries worldwide may lead to the high adoption of cruciate ligament repair procedures, which will drive the total market. Aging causes the synovial fluid in the knee joint to dry out, causing increased friction between the cartilage, bones, and ligaments. As a result, arthritis and other issues develop, necessitating knee replacement surgery. In addition, other connective tissues linked to the bones, such as ligaments, become less flexible and more restricted.
Based on the Graft Type, the global Anterior Cruciate Ligament Repair market is categorized into Autograft and Allograft. The allograft segment accounted for the greatest market share in 2021 and is expected to continue to be the leading segment during the forecast period. Allograft surgery takes less time and requires less time in the hospital. Because allograft tissue transplants, unlike organ transplants, are not rejected by the body, drugs to inhibit the immune response are not required.
Based on the End-User, the global Anterior Cruciate Ligament Repair market is segregated into Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers, and Others. The Hospitals segment is expected to behold the largest share of the market during the forecast period. This is mostly due to an increase in the number of procedures performed around the world due to the growing elderly population and the prevalence of various ailments. Furthermore, surgeons increasingly rely on repair products to reduce blood loss and accomplish effective hemostasis and wound closure in trauma cases, injuries, and surgical procedures.
The Anterior Cruciate Ligament Repair market is characterized by North America, Europe, Asia Pacific, South America, and Middle East & Africa. The North American region is expected to dominate the Anterior Cruciate Ligament Repair Market rate during the forecast period, 2022-2028. Due to increased healthcare expenditure and expenditures on expanding healthcare infrastructure, it is likely to grow at a high rate throughout the forecast period. Although anterior cruciate ligament repair surgeries are costly, the availability of sophisticated healthcare services at reasonable pricing and the presence of a well-developed reimbursement framework are expected to increase their popularity in this region.
Companies include Zimmer Biomet, Citieffe s.r.l. a Socio Unico, mith & Nephew Ltd, Arthrex Inc., DePuy Synthes, CONMED Corporation, MEIRA Inc, United Orthopedic Corporation, Japan Medical Dynamic Marketing, Stryker Corporation, and Other prominent players are the key players in the Anterior Cruciate Ligament Repair market.
Key Stakeholders
| Report Attribute | Details |
|---|---|
| Revenue in 2021 | USD 6.4 Billion |
| The revenue forecast in 2028 | USD 9.5 Billion |
| Growth Rate | 6.4% |
| Historical data | 2017 – 2020 |
| Base Year | 2021 |
| Forecast period | 2022 – 2028 |
| Region covered | North America, Europe, Asia-Pacific, South America, and The Middle East & Africa |
| Key companies Profiled | Zimmer Biomet, Citieffe s.r.l. a Socio Unico, mith & Nephew Ltd, Arthrex Inc., DePuy Synthes, CONMED Corporation, MEIRA Inc, United Orthopedic Corporation, Japan Medical Dynamic Marketing, Stryker Corporation, and Other prominent players |
By Fixation Type
By Graft Type
By End-User
By Region
One of the most important ligaments that helps support the knee joint is the anterior cruciate ligament (ACL). Cruciform ligaments are another name for cruciate ligaments. A surgical tissue graft replaces torn or injured cruciate muscles in anterior cruciate ligament repair surgery.
The global Anterior Cruciate Ligament Repair market was valued at USD 6.4 Billion and is expected to reach USD 9.5 Billion with a CAGR of 6.4% during the forecast period, 2022-2028.
The industry is seeing exponential growth owing to the increased number of sports-related knee injuries and the growing demand for minimally invasive procedures. The market is expected to be strengthened by increasing the number of products launched and industry consolidation over the projected period.
Globally, the biosurgery industry is seeing a considerable increase in introducing new and improved devices. Organic growth tactics are being used by vendors worldwide to satisfy end-user requirements and desires effectively. As a result, a significant share of their capital investments is diverted to R&D.
The North American region is expected to dominate the Anterior Cruciate Ligament Repair Market and continue this growth rate, followed by Europe and the Asia Pacific forecast, 2022-2028.
Companies include Zimmer Biomet, Citieffe s.r.l. a Socio Unico, mith & Nephew Ltd, Arthrex Inc., DePuy Synthes, CONMED Corporation, MEIRA Inc, United Orthopedic Corporation, Japan Medical Dynamic Marketing, Stryker Corporation, and Other prominent players are the key players in the Anterior Cruciate Ligament Repair market.
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