Collateral Ligament Stabilizer System Market

Collateral Ligament Stabilizer System Market Snapshot

The global collateral ligament stabilizer system market was valued at US$ 1.8 Billion in 2021, and is projected to register a Y-o-Y increase of 6.6% in 2022 to be valued at US$ 1.9 Billion.

During the 2022-2032 period of assessment, demand is expected to rise at a 6.1% value CAGR, likely to reach US$ 3.5 Billion by the end of the said forecast period.

Report Attributes	Details
Anticipated Base Year Value (2021)	US$ 1.8 Billion
Expected Market Value (2022)	US$ 1.9 Billion
Projected Forecast Value (2032)	US$ 3.5 Billion
Global Growth Rate (2022-2032)	6.1% CAGR
Growth Rate of the U.S (2022-2032)	5.5% CAGR
Expected Market Value of China (2032)	US$ 231.2 Million
Dollar Opportunity in Japan (2022-2032)	US$ 81.2 Million
Key Collateral Ligament Stabilizer System Providers	Arthrex, Inc. Bauerfeind AG DJO Global DeRoyal Industries, Inc. Össur hf.

Overall, the collateral ligament stabilizer system is poised to yield an absolute dollar opportunity worth US$ 1.5 Billion until 2032. Sales of grade 3 injury types will continue to flourish, with a documented CAGR of 6.3% from 2015-2021. Moreover, hospitals will continue to remain the primary beneficiaries of end-use services, likely to register a CAGR worth 5.9% from 2022 to 2032. North America will remain at the forefront, generating an opportunity worth US$ 1.2 Billion during the forecast period.

Collateral Ligament Stabilizer System Market Revenue Analysis 2015-2021 vs. Future Outlook 2022-2032

Increasing advancements in technologies have prompted collateral ligament stabilizer system providers to transform services to a whole new level. As per market research and competitive intelligence provider Fact.MR, the market for collateral ligament stabilizer devices witnessed a staggering 6.6% CAGR from 2015 to 2021.

Consistent up-gradation of collateral ligament stabilizer system to provide a seamless user experience is the need of the hour. By incorporating avant-garde breakthroughs, service providers are not only able to reduce operational costs, but also enhance their returns on investment. The collateral ligament stabilizer system market is likely to benefit from technological advancements and product innovation in the field of ligament stabilizing systems.

Furthermore, changing compliance and governance requirements are also widening the scope of the collateral ligament stabilizer system market whether it is to migrate, transform or build, deploying the right application strategy can work miracles. From 2022 to 2032, the collateral ligament stabilizer system market is forecast to grow 1.8x.

Prominent Collateral Ligament Stabilizer System Industry Growth Drivers

Rising prevalence of arthritis and joint disorders to widen collateral ligament stabilizer system uptake

Increasing chances of arthritis and joint disorders, an increase in the geriatric population, and growth in the number of knee injuries drive the growth of the market. In addition, the increasing prevalence of diseases such as rheumatoid arthritis and osteoarthritis and awareness about joint disorders fuels the market growth. Also, the increasing number of sports-related injuries like bone fractures, dislocated joints, and ligament tearing propels the growth of the market.

The rise in expenditure on healthcare in developing countries and growth in patient awareness of the use of collateral ligament stabilizer devices provide new opportunities for the market players. Awareness regarding the clinical benefits of ligament stabilizers drives the sales of collateral ligament stabilizer system market in the forecasting period.

Key Challenges Prevalent in the Global Collateral Ligament Stabilizer System Market

High costs associated with surgical treatment of ligaments may impede growth

The collateral ligament stabilizer system market is likely to benefit from technological advancements and product innovation in the field of ligament systems fuels the growth of the market on the other hand high cost associated with surgical procedures may hinder the growth of the market.

Also, the lack of understanding of orthopedic techniques among various healthcare practitioners in developing nations influenced the market negatively. Moreover, the lack of qualified orthopedic professionals and less awareness of knee replacement techniques in several developing countries will limit the collateral ligament stabilizer market growth in the coming years. However, low awareness of the use of ligament stabilizers is expected to hamper the market growth.

Country-wise Analysis

What is the Growth Outlook for Collateral Ligament Stabilizer System in the U.S?

Changing landscape of the Healthcare sector increasing demand for the market in the forecasting period.

According to Fact.MR, demand for collateral ligament stabilizer system services in the U.S is likely to expand at a 5.5% value CAGR until 2032, forecast to yield an opportunity worth US$ 494.8 Million. Demand is further expected to be valued at US$ 1.2 Billion by the end of the said forecast period.

Growth is attributed to the availability of well-established healthcare infrastructure. Emerging as the pinnacle of global technological advancement in healthcare departments, the US is likely to present highly attractive growth opportunities for collateral ligament stabilizer systems providers in the long –run.

Growth is attributed to the large patient population for target diseases, the strong presence of device manufacturers in the region, and the availability of significant R&D investments to support ligament stabilizer system development.

The US continues to hold a leading share in the global collateral ligament stabilizer system market, primarily fuelled by the increasing use of ligament stabilizer devices in the healthcare sector owing to the developed healthcare system. The presence of many established players in the region shows the highest growth in the collateral ligament stabilizer system market.

How do Growth Prospects Appear in the Chinese Market?

Rising technological advancements propel the growth of the market

The collateral ligament stabilizer system market in China is poised to yield a dollar opportunity worth US$92.1 Million from 2022-2032, anticipated to expand at a CAGR of 5.2%. Furthermore, the country is anticipated to reach a valuation of US$ 231.2 Million by the end of the said forecast period.

China has the second-largest demand for collateral ligament stabilizers due to vast technological advancements in terms of the healthcare sector. Sales of collateral ligament stabilizer systems in the Asia Pacific market are expected to grow at a good rate. Also, the burden of joint disorders has increased largely because of the aging of the population, thus there is an enormous potential for collateral ligament stabilizer system market growth.

Market penetration is also expected to increase during the forecast period due to an increase in the number of orthopedic surgeons, which is creating awareness in developing countries – which in turn is leading to a growth in the sales of collateral ligament stabilizer system market. Market incumbents are focusing on innovative technologies to collaborate with regional players to further expand their market footprint.

Is Japan likely to emerge as an Opportunistic Collateral Ligament Stabilizer System Industry?

Early adoption of modern Health-Technology and strong healthcare infrastructure to boost the growth of the market in the region.

The collateral ligament stabilizer system market in Japan is poised to yield a dollar opportunity worth US$ 81.2 Million from 2022-2032, anticipated to expand at a CAGR of 5.4%. Furthermore, the country is anticipated to reach a valuation of US$ 198.1 Million by the end of the said forecast period.

Japan is the other major region with significant growth prospects for the collateral ligament stabilizer system market. key trends and opportunities, helping the healthcare workers and patients through the integration of artificial intelligence and machine learning. Increasing R&D activities in the region will positively impact the market.

Country-wise Forecast CAGRs in the Collateral Ligament Stabilizer System Market

U.S	5.5%
U.K	4.8%
China	5.2%
Japan	5.4%
South Korea	4.3%

Category-wise Insights

Which Injury Type accounts for Maximum Collateral Ligament Stabilizer System Market Growth?

Treatment of Grade 3 Injury to be Most Prominent

On the basis of injury type collateral ligament stabilizers are categorized into Grade 1, Grade 2, and Grade 3, from which the Grade 3 segment accounts for the highest CAGR of 5.7% through the forecast period.

As surgical treatment is recommended for individuals with grade 3 injuries or complete ACL tear thus it accounts for the high growth of the market. Also, the collateral ligament stabilizer system market is driven by the factors, such as increasing awareness about the clinical benefits associated with ligament surgeries, the increasing number of complex & critical surgeries worldwide, rising ligament injuries across the world, and ongoing technological advancements in the field of ligament stabilization.

By End-Use, which Segment will make maximum usage of Collateral Ligament Stabilizer Systems?

Hospitals to be Primary Revenue Accelerators

According to Fact.MR, hospitals are likely to remain the top end-user category, growing at a value CAGR of 5.9% from 2022-2032. Demand is increasing due to the increasing number of complex diagnostic and surgical procedures performed in hospitals.

The number of ligament procedures performed in hospitals and surgical centers is growing and is further attributed to evolving reimbursement scenarios for collateral ligament procedures across developed countries.

Competitive Landscape

The global market for collateral ligament stabilizer systems is characterized by the presence of multiple vendors, aiming to offer extensive consulting and integration services to clients. Additionally, enterprises are seeking out, specialized service providers, offering solutions tailor-made to suit their business objectives. In addition, the vendors are likely to leverage up-gradation and product differentiation to gain an edge over other competitors in the market.

• In August 2020 – DJO, LLC introduces Motion iQ, an innovative new software solution designed to transform the surgical journey by connecting the surgeon, care team, and patient throughout the continuum of care. DJO also helps to enhance patient outcomes and optimize overall costs for orthopedic patients and providers
• In December 2020 – Arthrex announced the launch of the SwiveLock ACL Repair Kit, the first and only FDA-cleared kit for the primary repair of anterior cruciate ligament (ACL) tears. This is a significant achievement in orthopedic surgery. Arthrex’s continuous innovation and dedication Helping Surgeons to Treat Their Patients Better.
• In February 2022- Össur announced the launch of its new POWER KNEE™, the world’s first actively powered microprocessor prosthetic knee for people with above-knee amputation or limb difference. The POWER KNEE creates motion by providing active powered assistance while distinguishing whether its wearer is walking on varying surfaces, inclines, or declines, or sitting and standing.

Key Segments Covered in the Collateral Ligament Stabilizer System Industry Report

• Collateral Ligament Stabilizer System Market by Ligament :

  • Medial Collateral Ligament (MCL) Stabilizer Systems
  • Lateral Collateral Ligament (LCL)) Stabilizer Systems

• Collateral Ligament Stabilizer System Market by Injury Type :

  • Collateral Ligament Stabilizer for Grade 1 Injury
  • Collateral Ligament Stabilizer for Grade 2 Injury
  • Collateral Ligament Stabilizer for Grade 3 Injury

• Collateral Ligament Stabilizer System Market by End Use :

  • Collateral Ligament Stabilizer System for Hospitals
  • Collateral Ligament Stabilizer System for Orthopedic clinics
  • Collateral Ligament Stabilizer System for Other End Use

• Collateral Ligament Stabilizer System Market by Region :

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America