Market Trends of Collateral Ligament Stabilizers Industry
This section covers the major market trends shaping the Collateral Ligament Stabilizers Market according to our research experts:
Medial Collateral Ligament Stabilizers are Expected to Have Significant Growth Rate over the Forecast period
Collateral ligament injuries are more common in athletes playing football or soccer. Thus, with the increasing sports activities, medial collateral ligament (MCL) injuries are increasing, which is fueling the segment's growth.
The increasing sports activities are contributing to the market growth. For instance, as per the John Hopkins University data updated in January 2023, while nearly 30 million children and teens age population participate in at least one form of organized sports, the number of injuries is approximately 3.5 million or more every year. Also, more than one-third of all injuries are sports-related injuries among the target population. These sports injuries are expected to create the burden of MCL injury, further fueling the demand for MCL stabilizers. Hence, accelerating the segment growth over the forecast period.
In addition, knee swelling, locking or catching of the knee while moving, pain, and tenderness along the inside of the joint are the symptoms of MCL injury. This is further anticipated to create demand for collateral ligament stabilizers for MCL injury treatment. This is anticipated to fuel the segment growth over the forecast period.
North America is Expected to Hold Major Market Share Over the Forecast Period
North America is one of the major contributors to the studied market, owing to increasing injuries and growing geriatric populations prone to age-related collateral ligament injuries.
The United States holds the largest share among the other countries in the region. Factors such as the high incidence rate of ligament injuries owing to increasing sports activities are major contributors to the studied market growth in the country. Basketball, football, soccer, and skiing are common sports linked to collateral ligament injury. As per the data updated by the National Safety Council (NSC) in January 2022, nearly 3.2 million people were treated in emergency departments for injuries involving sports and recreational equipment, and most of the activities were frequently associated with exercise, cycling, and basketball. Thus, such a high number of people suffering from sports-related injuries is anticipated to create opportunities for collateral ligament stabilizers and accelerate the market's growth over the forecast period.
Besides, the occurrence of ligament injury among the elderly population is one of the major factors that is creating demand for various types of ligament stabilizers in the market. As per a research study published in Sports Health Journal in June 2021, the number of collateral ACL reconstructions in older patients is rising, and more than 120,000 ACL reconstructions are performed in the United States annually. Thus, collateral ligament stabilizers are used and prescribed to patients to correct and restore anatomic length, rotation, and angulation of a patient-specific injury. This is further expected to contribute to the market growth in the region.
Therefore, owing to the aforesaid factors, North America is expected to hold a prominent share of the market studied over the forecast period.
