Market Size of Ligament Stabilizer Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Ligament Stabilizer Market Analysis
The ligament is a tough fibrous band of connective tissue that helps to support the internal organs and hold bones together in proper articulation at the joints. Ligaments are of two major types in which white ligaments are sturdy and inelastic and yellow ligaments are rich in elastic fibers which allows elastic movement.
Severe injuries may lead to ligament tear, for such cases ligament stabilizers are recommended for use. According to the Stanford Children's Health Report, approximately 3.5 million people with sports injuries were reported each year. According to the National Safety Council (NSC), in the year 2017, personal exercise with or without exercise equipment, accounted for approximately 526,000 injuries, basketball with about 500,000 injuries, bicycling with 457,000 injuries and football with 341,000 injuries. Rising incidences of musculoskeletal injuries and disorders among the geriatric population, rheumatoid arthritis and joint disorders, and sports injuries are the key driving factors in the ligament stabilizer market.
Ligament Stabilizer Industry Segmentation
As per the scope of the report, Ligament is a tough fibrous band of connective tissue that helps to support the internal organs and hold bones together in proper articulation at the joints.
| By Poduct | |
| Foot and Ankle Braces and Supports | |
| Knee Braces and Supports | |
| Shoulder Braces and Supports | |
| Spinal Orthoses | |
| Wrist and Hand Braces and Supports |
| Geography | ||||||||
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Ligament Stabilizer Market Size Summary
The ligament stabilizer market is driven by the increasing incidence of musculoskeletal injuries, particularly among the geriatric population, as well as the prevalence of rheumatoid arthritis, joint disorders, and sports-related injuries. Ligament stabilizers, such as knee braces and supports, are essential for managing severe ligament injuries, offering support and aiding in the recovery process when surgical options are challenging. The market is experiencing growth due to the rising demand for these products, as they help surgeons address complex ligament injuries effectively. The adoption of advanced technologies in orthopedics and the presence of well-established healthcare facilities further contribute to the market's expansion, particularly in regions like North America, where the geriatric population and sports injuries are on the rise.
The global ligament stabilizer market is characterized by its fragmented and competitive nature, with numerous players operating at various levels. Local manufacturers hold significant market shares in their respective regions, while global companies such as Otto Bock Healthcare GmbH, Ossur hf, DJO Global, Inc, and others are prominent in the market. The market's growth is supported by the increasing awareness of the benefits of ligament stabilizers and the ongoing advancements in orthopedic technologies. As the prevalence of conditions requiring ligament stabilization continues to rise, the market is poised for further expansion, driven by both demand and technological innovation.
Ligament Stabilizer Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Incidences of Knee, Shoulder and Ankle Injuries
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1.2.2 Technological Advancements to the Existing Products
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1.3 Market Restraints
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1.3.1 High Cost of Products
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1.3.2 Stringent Regulatory Issues for the Approval of Products
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Poduct
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2.1.1 Foot and Ankle Braces and Supports
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2.1.2 Knee Braces and Supports
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2.1.3 Shoulder Braces and Supports
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2.1.4 Spinal Orthoses
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2.1.5 Wrist and Hand Braces and Supports
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.2 Europe
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2.2.2.1 Germany
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2.2.2.2 United Kingdom
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2.2.2.3 France
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2.2.2.4 Italy
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2.2.2.5 Spain
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2.2.2.6 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 Japan
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2.2.3.3 India
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2.2.3.4 Australia
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2.2.3.5 South Korea
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2.2.3.6 Rest of Asia-Pacific
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2.2.4 Middle-East and Africa
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2.2.4.1 GCC
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2.2.4.2 South Africa
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2.2.4.3 Rest of Middle-East and Africa
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2.2.5 South America
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2.2.5.1 Brazil
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2.2.5.2 Argentina
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2.2.5.3 Rest of South America
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Ligament Stabilizer Market Size FAQs
What is the current Ligament Stabilizer Market size?
The Ligament Stabilizer Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)
Who are the key players in Ligament Stabilizer Market?
THUASNE SA, Ossur hf, DJO Global, Inc, Bauerfeind AG and DeRoyal Industries Incorporations are the major companies operating in the Ligament Stabilizer Market.
