The rising global incidences of accidents on road, the increasing number of sports injuries and the growing prevalence of orthopedic surgeries are some primary factors which are expected to drive the market in the forecast period.
According to the current analysis of Reports and Data, the Ligament Stabilizer market was valued at USD 2.11 billion in 2018 and is expected to reach USD 3.42 billion by the year 2026, at a CAGR of 6.2%. Ligaments are fibrous connective tissues that provide support to the joints and manage the movements of joints in the body. Ligaments are of two major types in which white ligaments are sturdy, and inelastic and yellow ligaments are rich in elastic fibers, which allows elastic movement. Severe injuries may lead to ligament tear; for such cases, ligament stabilizers are recommended for use. Severe accidents or traumatic injuries may lead to the rupture of these ligaments, which leads to various surgeries.
Products such as ligament stabilizers are used in such cases to provide support to the joints after surgery. Ligament stabilizers are widely used due to the increasing prevalence of orthopedic surgeries. The rising cases of arthritis and osteoporosis are expected to anticipate market growth in the future. According to the Centers for Disease Control and Prevention (CDC), around 54.4 million people in the U.S. suffer from arthritis. The rising incidences of road accidents and sports injuries, especially among athletes, are expected to fuel the growth in the near future. For instance, according to the Stanford Children's Health Report, approximately 3.5 million people with sports injuries were reported each year. According to the National Safety Council (NSC), in the year 2017, personal exercise with or without exercise equipment, accounted for approximately 526,000 injuries, basketball with about 500,000 injuries, bicycling with 457,000 injuries and football with 341,000 injuries. Various sportspersons use ligaments stabilizers since their physical training demands high-intensity workouts, which may lead to sprains in the ligaments and tissues. Therefore, the use of stabilizers in sports is the primary driver of the market. The increasing repair surgeries of the cruciate ligaments, spinal injuries, hand and wrist injuries, and others are expected to propel the market growth extensively.
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The global Ligament Stabilizer market is expected to reach. This can be attributed to factors such as rising prevalence of chronic diseases, infections, rapidly growing healthcare and medical sectors, improving healthcare infrastructure and research centers, and increasing adoption of latest equipment and medical devices in medium to large scale hospitals, clinics and ambulatory care centers. In addition, high adoption of latest treatment facilities across several healthcare sectors, government initiatives to create awareness about diseases, increasing funds by public and private sectors, and growing demand for home care devices and point of care diagnosis are expected to fuel global market revenue growth going ahead.
The report also covers the competitive landscape with extensive profiling of the key competitors. It covers recent product developments, joint ventures, product launches, technological advancements, mergers and acquisitions, collaborations, and partnerships. Some of the key players operating in the global market are Bauerfeind AG, DeRoyal Industries, Inc., BSN Medical GmbH, 3M Company, Otto Bock Healthcare, THUASNE SA, Össur hf., DJO Global Inc., Breg, Inc., and ORTEC
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Market segment analysis:
· North America
o Rest of Europe
· Asia Pacific
o South Korea
o Rest of APAC
· Latin America
o Rest of LATAM
· Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of MEA
Product Outlook (Revenue in Million USD; 2016–2026)
- Knee Braces and Supports
- Foot and Ankle Braces and Supports
- Wrist and Hand Braces and Supports
- Shoulder Braces and Supports
- Spinal Orthoses
Injury Outlook (Revenue in Million USD; 2016–2026)
End-use Outlook (Revenue in Million USD; 2016–2026)
- Ambulatory surgery centers
Further key findings from the report suggest
· There are various existing and new product launches in the market. Products like techware pro knee brace, knee brace with side stabilizers, etc. are some best-known products in the market for pain relief in arthritis
· Many surgical advancements in are driving the growth of the markets. For instance, a new surgical technique in shoulder joints has been introduced which that does not include any revision surgery
· Many technological advancements in the self-reconstruction have ben introducd in the market. For instance, researchers from Harvard’s Wyss Institute for biotechnologically Inspired Engineering have developed a soft Exosuit which is a wearable robotic device which attached to the legs to make walking easier.
· Musculoskeletal disorders such as tarsal tunnel syndrome and Raynaud’s syndrome are also responsible for ligament injury. For instance, as per The National Institute for Occupational Safety and Health report, there are around 380,600 of musculoskeletal cases found in the U.S., which are responsible for weakening and damage of collateral ligaments supports the growth of collateral ligament stabilizer system market in the near future.
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