Vision Research Report, Recently Announced New Report on “collateral ligament stabilizer system market – Global Industry Analysis, Market Size, Share, Growth, Trends, Region Outlook, And Segment Forecasts, 2021 – 2030″.
Global “Collateral ligament stabilizer system market” Report 2021 covering manufacturers, regions, segments, forecast to 2030 is that the recent research report with correct information and extremely authentic info. The report provides insights on market share, market size, rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. The Collateral ligament stabilizer system research report focuses on the competitive surroundings that has section on company profile covering product specifications, geographical coverage, recent developments, revenue analysis, and market shares. what is more, the report offers strategic recommendations so as to help the consumers to align business goals.
The Collateral ligament stabilizer system market revenue share is set to grow at a yearly rate of 16.7% during 2021-2030, while its valuation is Projected to jump from $ 11.31 Bn in 2020 to $12.36 Bn in 2030.
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Report Highlights
The Medial Collateral Ligament (MCL) segment accounted for around 58.00% of the market in 2016. The presence of eminent market players involved in the development of new products and increased demand for these products in developing regions, such as Latin America and the Asia Pacific, are some of the factors responsible for the growth of this segment.
In addition, impairment of the MCL occur frequently in athletes, especially in those who are involved in direct contact sports that require sudden changes in speed and direction or they occur when a strong force is applied on the knee, which the ligament is unable to withstand, causing the ligament to overstretch and tear. The MCL segment is expected to witness lucrative growth owing to the increase in the number of such MCL injuries.
The Lateral Collateral Ligament (LCL) segment is expected to grow at a steady rate during the forecast period. The demand for LCL stabilizers is expected to grow due to their increased adoption in homecare, sports, and emergency medicine owing to their associated benefits, such as greater comfort and favorable reimbursement policies. These factors are anticipated to keep the demand for LCL stabilizers steady over the forecast period.
The LCL segment is expected to grow at a CAGR of 5.6% owing to the development of new products in the market. Injury of LCL is common as it is located on the outside of the knee and is more likely to cause knee instability. These systems are necessary to provide stability to the knee in case of knee injuries. These factors are expected to boost the revenue generation of this segment.
The grade 3 injuries segment held the largest share in 2016. Owing to the increase in the number of these types of injuries, the demand and usage of CLSS are increasing. Treatment of grade 3 injury involves surgical interventions and severe tears may require replacing the MCL or LCL.
The dynamic growth of the grade 2 injury segment can be attributed to the increase in the number of sports trauma, wherein there is a partial ligament tear, which makes the ligament lose. The rise in number of grade 2 injuries is responsible for the growth of this segment, which is expected to provide this segment with growth opportunities.
Medical practitioners recommend knee supports and stabilizers to patients instead of knee surgeries. Owing to these factors, the market for grade 2 injury stabilizers is expected to grow consistently.
In grade 1 injuries, the ligament is slightly stretched. They do not require surgical intervention and can be treated effectively with conservative therapies. Most often grade 1 injuries go unreported as they heal quickly, mostly within a span of two to three weeks. Thus, the use of CLSS products is low in grade 1 injuries in comparison to other injuries. As a result, the grade 1 injury segment is expected to grow at a steady rate.
Hospitals accounted for a considerable share of the CLSS industry. Hospitals provide a large array of treatment options pertaining to various injuries. They also provide quick reimbursements for knee hip and other surgeries under the Medicare program. Thus, the hospital segment is expected to grow steadily over the forecast period.
Orthopedic Clinics dominated the end-use segment of the CLSS industry owing to the increasing establishment of orthopedic clinics in developed regions such as North America and Europe. In addition, an increase in the prevalence of musculoskeletal diseases & other chronic diseases and a rise in the number of trauma accidents are also factors contributing to the largest share held by this segment.
The demand for braces and supports is growing due to an increase in the number of patients visiting orthopedic clinics for the treatment of osteoarthritis, ankle arthritis, osteoporosis, cartilage tears, strains, and fractures. An increase in the number of patients opting for orthopedic surgeries has led to a significant rise in the number of such products.
The others segment includes retail shops, online pharmacies, physiotherapy clinics, and sports academies and is anticipated to grow at a lucrative rate over the forecast period. Physiotherapy clinics provide massage and recommend exercise for healing injuries. In order to hasten the recovery process, these clinics also advise patients to use a collateral ligament stabilizer system or knee braces. Athletic injuries are common in sports academies, gyms, and health clubs, which are treated by using various orthopedic braces and support devices. The increasing preference of patients for e-commerce is anticipated to propel the growth of this segment.
North America held the dominant share of the collateral ligament stabilizer system market and was valued at USD 565 million in 2016. This growth can be attributed to the rising incidence of sports injuries in this region. The rise in the number of patients affected by these injuries is increasing the demand for CLSS, thereby boosting the growth of this region.
increasing geriatric population and well-developed reimbursement structure are factors contributing to the overall growth of the North America CLSS market.
The Asia Pacific is anticipated to grow at an exponential rate of 7.9% due to the high percentage of the geriatric population, which indicates a substantial socioeconomic burden in this region. According to The World Bank, the population in the Asia Pacific is aging rapidly. More than 211 million people aged 65 years and older were living in East Asia and Pacific in 2010. This is a major factor anticipated to propel the demand for CLSS in the Asia Pacific during the forecast period.
Additionally, a high number of untapped opportunities, an increase in the prevalence of chronic conditions such as osteoarthritis, a rise in the number of accident & trauma cases, and continuous R&D activities by key market players for producing innovative products are expected to fuel the market growth over the forecast period. India, Japan, and China are major contributors to growth in the Asia Pacific region.
Global Collateral ligament stabilizer system market report provides key statistics on the state of the trade and could be a valuable supply of steerage and direction for corporations and people curious about the market. The Collateral ligament stabilizer system trade trends and promoting channels analysed. Collateral ligament stabilizer system Market discovers numerous topics like regional market scope, product market numerous applications, market size consistent with specific product, sales and revenue by region, producing analysis, Industrial Chain, Market result Factors Analysis, market size forecast, and more. Finally, the practicableness of latest investment comes is evaluated and overall analysis conclusions offered.
Key Players
Ossur, DJO Global, DePuy Synthes, Bauerfeind, and DeRoyal Industries, Inc.
Market Segmentation
Global Collateral ligament stabilizer system Market: Drivers and Restrains
The analysis report has incorporated the analysis of various factors that augment the market’s growth. It constitutes trends, restraints, and drivers that remodel the market in either a positive or negative manner. This section additionally provides the scope of various segments and applications that may probably influence the market within the future. The elaborated info is predicated on current trends and historic milestones. This section additionally provides an analysis of the amount of production regarding the world market and regarding every kind from 2021-2030.
COVID-19 impact on the Collateral ligament stabilizer system market
COVID-19 is associate communicable disease caused by the novel coronavirus. for the most part unknown before this happening across the world, COVID-19 has captive from a regional crisis to a worldwide pandemic in precisely a matter of a number of weeks. the world Health Organization (WHO) declared COVID-19 as an epidemic on March 11, 2021.
COVID-19 has compact most the industries across the world by disrupting provide chains and impeding numerous industrial operations. COVID-19-responsive measures undertaken by governments, like lockdown and social distancing, led to the closure of producing plants in the initial stage of the pandemic. With only a few industrial operations allowed, the demand for numerous input product within the industrial sector has declined considerably.
Key Highlights Involved in the Market Research Report: –
Collateral ligament stabilizer system Market Study Coverage: It includes key market segments, key makers covered, the scope of product offered within the years thought of, world Collateral ligament stabilizer system Market and study objectives. in addition, it touches the segmentation study provided within the report on the idea of the sort of product and applications.
Collateral ligament stabilizer system Market executive Summary: This section emphasizes the key studies, market rate, competitive landscape, market drivers, trends, and problems additionally to the gross indicators.
Collateral ligament stabilizer system Market Production by Region: The report delivers knowledge associated with import and export, revenue, production, and key players of all regional markets studied area unit coated during this section.
Collateral ligament stabilizer system Market Profile of Manufacturers: Analysis of every market player profiled is elaborated during this section. This section conjointly provides SWOT analysis, products, production, value, capacity, and different very important factors of the individual player.
The report delivers a comprehensive study of all the segments and shares info concerning the leading regions within the market. This report additionally states import/export consumption, offer and demand Figures, cost, business share, policy, price, revenue, and gross margins.
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