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The injuries caused due to excessive stress over the muscles of various body parts or even due to the accidents caused require ligament stabilizers for the assistance in the management of such injuries. The ligamentous stabilizers can be utilized for the injuries of the feet, shoulders, spine, wrists, and knees. The severity of the injury may lead to ligament tear, due to which ligament stabilizers are recommended for use. There are two types of stabilizers, mainly active stabilizers and passive stabilizers are being innovated and designed by closely analyzing the anatomy of the body part affected and the biomechanics of the ligaments affected. These devices are being manufactured in order to avoid surgical implications in the treatment of injuries.
COVID-19 scenario analysis:
The forced lockout caused due to the COVID-19 outbreak has led to recession globally. The decision was taken such that the spread of the diseases could be minimized, which has led to the reduction in the demand for the products mainly which are used for the surgeries. . The COVID-19 pandemic has a negative impact on the global ligament stabilizers market and significantly in the healthcare system, resulting in 50% to 70% drop in revenue from March. There are various organizations that operate on a small scale, such as nursing homes, small hospitals and others, which are forced to shut their operations and hence the reduction in the surgical procedures is observed. The growth in the use of the personal protective equipment is observed during the forecast period. The visa cancellations has also led to the lesser medical tourism and also stipulated the economic loss for the majority of the population who rely on it.
The major factors that are expected to affect the industry growth include surge in geriatric population and rise in the incidences of arthritis, and other joint disorders such as weakening of the knee ligaments, and susceptibility to experience injuries, would boost the market during the forecast period. Furthermore, the increase in the cruciate ligaments injuries cases, among the young adults and the children, would help the market gain maximum revenue in the forecast period. The injuries especially in the region such as spine, hand, wrist, foot, and knee would have a positive impact on the growth of the industry in the near future. Additionally, rise in incidences of sports injuries, mainly among the athletes due to their hard-core workout routine, is expected to help the market propel in the next few years. However, if the ligament stabilizers are used improperly, then they may prove harmful, which may impede the growth of the industry.
The growth in the number of product launches done extensively according to the demand posed by the market would help the ligament stabilizer market grow in the coming years. For instance, in August 017, Tynor announced that it has launched ROM Elbow Brace, which can be used for the preventive injuries caused during sports, upper limb fractures.
Furthermore, recently EXOUS Bodygear announced that they will be launching unique knee support brace in the U.S. ligament stabilizers market. It is known to have produced a new neoprene open patella knee support brace with lateral stabilizers namely, the EX-701 performance knee brace.
According to the Center of Diseases Control and Prevention in 2017, the incidences of arthritis were expected to be about 54.4 million in the U.S., which is about 25% of the population and is anticipated to grow further in the coming years.
According to the estimates given by the Centers for Disease Control (CDC), in the U.S., the participation in organized sports is about 30 million among children. This upsurge in play has led to some other startling statistics about injuries among America's young athletes.
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Questions answered in the ligament stabilizers market research report:
Ligament Stabilizers Market: Global Opportunity Analysis and Industry Forecast, 2019–2026 Report Highlights
Aspects | Details |
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By Product |
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By Injury |
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By End User |
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By Region |
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Key Market Players | Otto Bock Healthcare GmbH, THUASNE SA, Bauerfeind AG, medi GmbH & Co. KG, DJO Global Inc, Össur hf, BSN Medical GmbH, DeRoyal Industries, Inc, 3M Company, Breg, Inc. |
Other Players | Stryker Corporation |
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