Ligaments are flexible fibrous tissues that are used to connect two bones. Artificial ligaments are artificially made ligaments for any body parts such as the knee, foot, ankle, shoulder, and others. These ligaments are made if any of the ligaments in the body are damaged due to any injury or accident.
The artificial ligaments market is based on the materials which are used for replacing the ligaments in the body. The artificial ligaments provide the same kind of movements as natural ligaments. The market is categorized into two parts synthetic artificial ligaments and biological artificial ligaments. Synthetic artificial ligaments are made from man-made materials such as carbon, polyester, etc which provides strength and little flexibility whereas biological artificial ligaments are materials that are made using biochemical techniques to provide more flexibility and strength.
Impact of COVID-19 on Artificial Ligaments Market
There has been an increase in the demand for medical supplies to take care of the infected population. Respiratory support devices such as atomizers, life-support machines, oxygen generators, and monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. There is an increase in the need for medical supplies, both from healthcare professionals and the civil population for precautionary measures, owing to the rise in the number of COVID-19 cases globally. Manufacturers of these products have a chance to capitalize on the increased demand for medical supplies to ensure an adequate and continuous supply of personal protective equipment in the market. Therefore, COVID 19 is expected to have a significant impact on the artificial ligaments market.
COVID-19 has a huge impact on the artificial ligaments market as it solely depends on the manufacturing and distribution of the materials which need to perform the surgery. The shutting down of manufacturing, as well as lockdown, has impacted the market. Also, the government restriction on healthcare sectors other than sectors required to prevent and fight COVID-19 has a huge impact on the market.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The market has a huge scope as the number of injuries is increasing, new developments in this market are growing regarding the material so the artificial ligaments do not affect or irritate the skin. The government is also working to spreading awareness by taking many initiatives as well as helping in the artificial ligaments market growth.
High incidence of severe sports injuries need ligaments for cases that do not heal or take more time to heal. The government is taking many initiatives to spread the awareness of the artificial ligament so that people who are not able to use their body parts because of the damage of the ligament can restore their body functionality, this factor gives rise to the growth of the artificial ligaments market. Also, advancements in technology such as biological artificial ligaments made from clinically using biochemical techniques help for market expansion.
The factors that hinder the market growth include the high cost which is involved in the treatment of ligaments as these ligaments are artificially made and require professional and experienced surgeons to perform the operation which makes this procedure expensive. Many healthcare providers are reluctant to use the artificial ligament as it requires precise surgery, also healthcare providers are concerned about the use of artificial ligaments. The lack of specialized surgeons to perform the complicated operations hinders the growth potential for this market.
OrthoD Group Ltd. Announces Global Rebrand to Summit Medical Group Ltd on April 25, 2019. The new Summit Medical Group Ltd is going to all the group divisions such as surgical, infection control, marlux medicine, and sports medicine.
Key Benefits of the Report
- This study presents the analytical depiction of the artificial ligaments market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the artificial ligaments market share.
- The current market is quantitatively analyzed to highlight the artificial ligaments market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed artificial ligaments market analysis based on competitive intensity and how the competition will take shape in the coming years
Questions Answered in the Artificial Ligament Report
- Who are the leading players active in the artificial ligament market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
- What is an "artificial ligament"?
- What is the "artificial ligament" market prediction in the future?
Artificial Ligaments Market Report Highlights
By Product Type
Key Market Players
Arthrex Inc.,, Neoligaments (Xiros Ltd).,, OrthoD Group Ltd.,, Corin Group.,, Cousin Biotech.,, FX Solutions, LLC, Mathys Ltd.,, FH ORTHO GROUP.,, Shanghai PINE&POWER Biotech Co, Ltd., LARS Company.,