A12312 | Pages: NA | May 2022 | 283 Views | | |
Author(s) : Onkar Sumant | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Cruciate Ligament Diagnosis Treatment Market
Request Now !Cruciate Ligaments are the pairs of ligaments arranged like the letter X. These ligaments are present at several joints of the body such as the knee joint. The cruciate ligaments of the knee are of two types, anterior cruciate ligament and the posterior cruciate ligament. These two ligaments are rounded and strong bands that extend from the tibia to the femur. The anterior cruciate ligament is lateral while the posterior cruciate ligament is medial. Injuries to these ligaments can cause knee swelling, instability, and pain. The treatment for such injuries may include physiotherapy and knee reconstruction surgeries.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years | 2020–2030 |
Base Year Considered | 2020 |
Forecast Period | 2021-2030 |
Forecast Unit | Value (USD) |
Segments Covered | Type, Injury Type, Product, Indication, Diagnosis, End User, and Region |
Regions Covered | North America, Europe, Asia-Pacific, and LAMEA |
Companies Covered | Zimmer Biomet, DePuy Synthes, Smith and Nephew, DJO Global, Bauerfeind AG, DeRoyal Industries, and BSN Medical GmbH |
COVID-19 Impact Analysis
COVID-19 is an infectious disease that originated in the Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing a shortage of these drugs. Thus, the pharmaceutical and biotechnology industries are expected to witness significant growth in the future, owing to the demand for vaccines and treatment drugs for COVID-19.
With COVID-19 spreading all across the world, hospitalization rates fell down dramatically. There were several reports of many hospitals operating at less than 50% capacity in order to curtail noncritical medical services and elective surgeries. People are even less likely to visit hospitals and clinics for a cruciate ligament diagnosis and treatment. Therefore, COVID-19 is expected to have a significant impact on the cruciate ligament diagnosis treatment market.
Top Impacting Factors
Key Market Trends
In 2018, Orthotaxy, Inc. was acquired by Johnson & Johnson Medical Devices. Orthotaxy is a developer of software-enabled surgery technology. The company has developed a robotic-assisted surgery solution. This acquisition has hence helped develop a robotic-assisted surgery platform in the field of orthopedics.
North America leads the cruciate ligament diagnosis treatment market due to the presence of major players and an advanced healthcare infrastructure with a growth in number of reimbursement policies in health insurances.
Asia-Pacific region is also expected to show major growth in the cruciate ligament diagnosis treatment market owing to the rise in geriatric population, known to be at risk of knee injuries. The geriatric population is substantially high in countries like China and India.
Major key players in the market are MTF Biologics and Bioventus LLC., who are focused on collaborations, mergers, and acquisitions with other key players of the cruciate ligament diagnosis treatment market. These strategies will enable the launch of new products and services for the diagnosis and treatment of cruciate ligament injuries.
Key Segments Covered
Segment | Subsegments |
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Injury Type |
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Indication |
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Diagnosis |
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Treatment |
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End User |
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Region |
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Key Benefits of the Report
Questions Answered in the Cruciate Ligament Diagnosis Treatment Report
Key Market Segments
Segments | Sub-segments |
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By Type |
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By Injury Type |
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By Product |
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By Indication |
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By Diagnosis |
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By Treatment |
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By End User |
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By Region |
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Key Market Players
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