Global Artificial Tendons and Ligaments Market Size

Artificial Tendons & Ligaments Market Analysis

The artificial tendons and ligaments market was anticipated to grow with a CAGR of more than 12.0%, during the forecast period.

COVID-19 is expected to have a significant impact on the growth of the market. The pandemic outbreak is expected to increase the demand for artificial tendons and ligaments as the COVID infection may lead to muscle damage. According to the article titled " Unravelling Muscle Impairment Associated with COVID-19 and the Role of 3D culture in its Investigation " published in February 2022 skeletal muscle in SARS-CoV-2 infected patients might be more susceptible to muscle damage. Thus COVID-19 is expected to drive the growth of the market during the pandemic period. The volume of surgeries has significantly declined during the pandemic, owing to the stringent guidelines by the regulatory authorities to avoid all non-emergent surgeries. According to the article published in the National Institute of Health in October 2021, titled " The impact of COVID-19 on emergency general surgery admissions and operative volumes: A single-center experience," there has been a 42.8% decline in surgery admission across the globe. Thus the market has been significantly impacted by COVID-19.

The major factors attributing to the growth of the artificial tendons and ligaments market are the increasing incidence of sports injuries along with a rise in patient preference for minimally invasive surgeries. According to an article published by the Global Burden of Disease in August 2021 reported that globally, there were 178 million new fractures, 455 million prevalent cases of acute or long-term symptoms of a fracture, and 25·8 million years lived with disability (YLDs). Also, according to the article published by Sarah Megginson in February 2020, 89% of Australian adults participate in sports every year, with 62% participating at least three times a week. Thus, the increasing number of accidents and related complications can restrict the mobility of individuals demanding external lifting to help with daily activities. This is expected to drive market growth in the coming years.

The other factors that play a pivotal role in market growth such as an increase in awareness programs about artificial tendons and ligaments and research activities on the market are expected to contribute to the growth of the market. However, high prices of procedures and unfavorable reimbursement policies would restrain the growth of the market in emerging economies in the forecast period. Also, a lack of awareness among patients and the unwillingness of healthcare providers to make utilization of artificial tendons and ligaments can impede the growth of the market.