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Ligament Stabilizers Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

A11211
Pages: NA
Jul 2021 | 57 Views
 
Author(s) : Onkar Sumant
Tables: NA
Charts: NA
 

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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.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Product, Injury, End User and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include 3M Company, DJO Global Inc., Bauerfeind AG, DeRoyal Industries, Inc., Össur hf., BSN Medical GmbH, Otto Bock Healthcare GmbH, THUASNE SA, medi GmbH & Co. KG, and Breg, Inc.


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.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

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.

New product advancements to flourish the market

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.

Surge in incidences of diseases and injuries to boost the market

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.

Key segments covered:

Segments

Sub-segments

  Product

  • Knee Braces and Supports
  • Shoulder Braces and Supports
  • Foot and Ankle Braces and Supports
  • Wrist and Hand Braces and Supports
  • Others

  Injury

  • Grade-1
  • Grade-2
  • Grade-3

  End User

  • Hospitals
  • Clinics
  • Ambulatory surgery centers
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global ligament stabilizers industry 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 detailed analysis of the global ligament stabilizers market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Ligament Stabilizers market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the ligament stabilizers market.
  • The report provides a detailed global ligament stabilizers market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the ligament stabilizers market research report:

  • Which are the leading market players active in the Ligament Stabilizers market?
  • What current trends will influence the ligament stabilizers market in the next few years?
  • What are the driving factors, restraints, and opportunities in the ligament stabilizers market?
  • What are the projections for the future that would help in tasking further strategic steps?
 
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