The global Collateral Ligament Stabilizer System market size is expected to be worth around US$ 12.36 billion by 2030, according to a new report by Vision Research Reports.
The global Collateral Ligament Stabilizer System market size was valued at US$ 11.31 billion in 2020 and is anticipated to grow at a CAGR of 16.7% during forecast period 2021 to 2030.
An increase in the number of sports injuries and road accidents is expected to boost the adoption of Collateral Ligament Stabilizer System (CLSS). According to Stanford Children’s Health, around 3.5 million children aged 14 years and below are affected by some form of sport-related injury every year. This shows the potential demand for CLSS in the coming years.
Nearly one-third of all injuries affecting children arise due to sport-related activities. Sports Medicine Australia also estimated that 1 in 17 Australians suffer from sports trauma each year. According to the Zurich American Insurance Company, 62% of the injuries related to organized sports occur during practices. Thus, increasing sports-related injuries has resulted in the high demand for collateral ligament stabilizer systems.
According to WHO, every year nearly 1.25 million people die due to road accidents and about 20 to 50 million are injured. Thus, the rise in the number of road accidents is anticipated to heighten the adoption of CLSS.
Furthermore, the increasing geriatric population across the globe is another major factor propelling the growth of the CLSS market. According to a report published by the U.S. Census Bureau, Japan has the highest percentage of the aging population in the world. In 2015, about 26.6% of the population in Japan was aged 65 years and over, which accounted for nearly 33.7 million people.
The Medial Collateral Ligament (MCL) segment accounted for around 58.00% of the market in 2016. The presence of eminent market players involved in the development of new products and increased demand for these products in developing regions, such as Latin America and the Asia Pacific, are some of the factors responsible for the growth of this segment.
In addition, impairment of the MCL occur frequently in athletes, especially in those who are involved in direct contact sports that require sudden changes in speed and direction or they occur when a strong force is applied on the knee, which the ligament is unable to withstand, causing the ligament to overstretch and tear. The MCL segment is expected to witness lucrative growth owing to the increase in the number of such MCL injuries.
The Lateral Collateral Ligament (LCL) segment is expected to grow at a steady rate during the forecast period. The demand for LCL stabilizers is expected to grow due to their increased adoption in homecare, sports, and emergency medicine owing to their associated benefits, such as greater comfort and favorable reimbursement policies. These factors are anticipated to keep the demand for LCL stabilizers steady over the forecast period.
The LCL segment is expected to grow at a CAGR of 5.6% owing to the development of new products in the market. Injury of LCL is common as it is located on the outside of the knee and is more likely to cause knee instability. These systems are necessary to provide stability to the knee in case of knee injuries. These factors are expected to boost the revenue generation of this segment.
The grade 3 injuries segment held the largest share in 2016. Owing to the increase in the number of these types of injuries, the demand and usage of CLSS are increasing. Treatment of grade 3 injury involves surgical interventions and severe tears may require replacing the MCL or LCL.
The dynamic growth of the grade 2 injury segment can be attributed to the increase in the number of sports trauma, wherein there is a partial ligament tear, which makes the ligament lose. The rise in number of grade 2 injuries is responsible for the growth of this segment, which is expected to provide this segment with growth opportunities.
Medical practitioners recommend knee supports and stabilizers to patients instead of knee surgeries. Owing to these factors, the market for grade 2 injury stabilizers is expected to grow consistently.
In grade 1 injuries, the ligament is slightly stretched. They do not require surgical intervention and can be treated effectively with conservative therapies. Most often grade 1 injuries go unreported as they heal quickly, mostly within a span of two to three weeks. Thus, the use of CLSS products is low in grade 1 injuries in comparison to other injuries. As a result, the grade 1 injury segment is expected to grow at a steady rate.
Hospitals accounted for a considerable share of the CLSS industry. Hospitals provide a large array of treatment options pertaining to various injuries. They also provide quick reimbursements for knee hip and other surgeries under the Medicare program. Thus, the hospital segment is expected to grow steadily over the forecast period.
Orthopedic Clinics dominated the end-use segment of the CLSS industry owing to the increasing establishment of orthopedic clinics in developed regions such as North America and Europe. In addition, an increase in the prevalence of musculoskeletal diseases & other chronic diseases and a rise in the number of trauma accidents are also factors contributing to the largest share held by this segment.
The demand for braces and supports is growing due to an increase in the number of patients visiting orthopedic clinics for the treatment of osteoarthritis, ankle arthritis, osteoporosis, cartilage tears, strains, and fractures. An increase in the number of patients opting for orthopedic surgeries has led to a significant rise in the number of such products.
The others segment includes retail shops, online pharmacies, physiotherapy clinics, and sports academies and is anticipated to grow at a lucrative rate over the forecast period. Physiotherapy clinics provide massage and recommend exercise for healing injuries. In order to hasten the recovery process, these clinics also advise patients to use a collateral ligament stabilizer system or knee braces. Athletic injuries are common in sports academies, gyms, and health clubs, which are treated by using various orthopedic braces and support devices. The increasing preference of patients for e-commerce is anticipated to propel the growth of this segment.
North America held the dominant share of the collateral ligament stabilizer system market and was valued at USD 565 million in 2016. This growth can be attributed to the rising incidence of sports injuries in this region. The rise in the number of patients affected by these injuries is increasing the demand for CLSS, thereby boosting the growth of this region.
increasing geriatric population and well-developed reimbursement structure are factors contributing to the overall growth of the North America CLSS market.
The Asia Pacific is anticipated to grow at an exponential rate of 7.9% due to the high percentage of the geriatric population, which indicates a substantial socioeconomic burden in this region. According to The World Bank, the population in the Asia Pacific is aging rapidly. More than 211 million people aged 65 years and older were living in East Asia and Pacific in 2010. This is a major factor anticipated to propel the demand for CLSS in the Asia Pacific during the forecast period.
Additionally, a high number of untapped opportunities, an increase in the prevalence of chronic conditions such as osteoarthritis, a rise in the number of accident & trauma cases, and continuous R&D activities by key market players for producing innovative products are expected to fuel the market growth over the forecast period. India, Japan, and China are major contributors to growth in the Asia Pacific region.
Ossur, DJO Global, DePuy Synthes, Bauerfeind, and DeRoyal Industries, Inc.
Medial Collateral Ligament (MCL)
Lateral Collateral Ligament (LCL)
Injury Type Outlook
The Middle East and Africa
The Collateral Ligament Stabilizer System market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Collateral Ligament Stabilizer System market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Collateral Ligament Stabilizer System market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Collateral Ligament Stabilizer System market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Collateral Ligament Stabilizer System market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Collateral Ligament Stabilizer System capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Collateral Ligament Stabilizer System by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Collateral Ligament Stabilizer System market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Collateral Ligament Stabilizer System market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Collateral Ligament Stabilizer System market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Collateral Ligament Stabilizer System industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Collateral Ligament Stabilizer System market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Collateral Ligament Stabilizer System market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Collateral Ligament Stabilizer System market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Collateral Ligament Stabilizer System market. These factors have benefited the growth of the global market for Collateral Ligament Stabilizer System. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Collateral Ligament Stabilizer System. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Collateral Ligament Stabilizer System are as follows:
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- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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