Report Code: A12688 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Cruciate Ligament Repair Procedures Market
Request Now !Cruciate ligaments also called cruciform ligaments are a pair of ligaments that support the bones of the knees. A surgical tissue graft is utilized in cruciate ligament repair surgery to replace the injured cruciate muscles. The synovial fluid between the knee joint begins drying out as age progress, this causes higher friction of the bones, ligament, and cartilage and leads to arthritis and other complications which generate the need for knee replacement procedures. Moreover, ligaments connected to the bones become more constrained and less flexible. These factors are anticipated to boost the market growth for cruciate ligament repair procedures among the geriatric population.
COVID-19 Impact analysis
COVID-19 is an infectious disease that originated in 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.
There has been an increase in the demand for medical supplies to take care of 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 civil population for precautionary measures, owing to the rise in number of COVID-19 cases worldwide. Manufacturers of these products have a chance to capitalize this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Therefore, COVID 19 is expected to have a significant impact on the cruciate ligament repair procedures market.
Top Impacting Factors
Cruciate Ligament Repair Procedures Market Trends
New product launches to flourish the market
In September 2020, a novel, easy-to-use staple line reinforcement device was launched by Ethicon, part of Johnson & Johnson Medical Devices Companies, for thoracic, bariatric, and general surgery.
In June 2019, for the development of a novel placental tissue product to treat painful musculoskeletal conditions, Bioventus collaborated with MTF Biologics.
In February 2018, Orthotaxy was acquired by Johnson & Johnson, to produce an advanced robotic-assisted surgery platform in orthopedics.
In December 2020, marketing authorization was granted by U.S. FDA to the Bridge-Enhanced ACL Repair (BEAR) Implant from MIACH Orthopaedics, Inc., under the De Novo premarket review pathway for patients showing a complete rupture of the anterior cruciate ligament (ACL) at least 14 years of age.
Surge in usage in sports injuries treatment
The growing cases of sports injuries, increase in aging populations, rising demand for minimally invasive procedure and advance treatment and procedures drive the growth of cruciate ligament repair procedures market. Additionally, expanding healthcare expenditure, increasing availability of skilled professionals, collaborations and partnerships between key players, increasing R & D to, and technological development are some factors which upsurge the market growth of cruciate ligament repair procedures market. Â
Key Benefits of the Report
Questions answered in the cruciate ligament repair procedures Report
Cruciate Ligament Repair Procedures Market Report Highlights
Aspects | Details |
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By Procedure Type |
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By Application |
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By End User |
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By Region |
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Key Market Players | DePuy Synthes, Tissue Regenix Group Plc, Medtronic, Smith and Nephew, DJO Global, Stryker Corporation, Zimmer Biomet, Integra Lifesciences Holding Corporation, Arthrex Inc., CONMED Corporation |
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