Collagen Meniscus Implant Market 2019-2027: Credence Research – Industry Size, Trends & Forecast
The market for implant collagen meniscus was estimated at US$ 308.6 million in 2018, with CAGR expected to grow by 5.3% over the forecast period from 2019 to 2027.
SANJOSE, United States – October 9, 2019 /MarketersMedia/ —
The market for implant collagen meniscus was estimated at US$ 308.6 million in 2018, which is expected to grow at a CAGR of 5.3% over the forecast period from 2019 to 2027. (According to a research study recently published by Credence Research”.)
From 2019 to 2027, the global market for collagen meniscus implants, accredited to increase hospital admissions for a sport-related knee injury, osteoarthritis, joint overloading, accidents or trauma cases and others along with the increasing number of meniscectomy procedures, is increasing proficiently. In meniscus implants, upgraded bioabsorbable technology will increase demand, e.g. Type I implant CMI ®, next generation CMI ® XL, and others. Increasing acquisition strategies, expansion of new technology and product launch will further drive global market growth.
Ivy Sports Medicine (now Stryker) declared its Collagen Meniscus Implant’s first orthopaedic implantation in the United States in November 2015. Increasing the prevalence in the geriatric population of chronic and acute meniscus tears will enhance the market growth. Acute meniscal tears incidences in the U.S. are more than 60 cases per 100,000 people. In addition, the population over the age of 60 years is around 55-60 percent degenerative meniscal injury. Approximately one million meniscus resection surgical procedures are performed in the U.S. each year, which will drive market growth in the North American region. Collagen Meniscus Implant (CMI) for medial meniscal substitution has shown enhanced clinical outcomes with higher safety, according to recent studies and research.
Browse Full Report Originally Published by Credence Research @ https://www.credenceresearch.com/report/collagen-meniscus-implant-market
Increasing sports injuries and rising geriatric population are major factors that are supposed to drive growth over the forecast period in the collagen meniscus implant market. Growing cases of bone fractures, fall trauma, and other cases require medical intervention, thus growing the need for sports medicine products. According to data from the National Institute of Health 2012, the knee is the most commonly injured joints in the U.S. by young athletes with about 2.5 million sports-related injuries reported to departments of emergency.
Over the past few years, the number of meniscal lesions has increased significantly due to increased involvement in sports. In addition, cartilage-like menisci can be found in mechanical damage and ageing-related osteoarthritis. Individuals with an unrepairable meniscal injury may be at an increased risk of developing arthritis of the knee.
The most common surgical intervention performed by orthopaedic surgeons is for meniscal lesions, according to the study by the American Journal of Sports Medicine 2014. According to the same source, in the United States and around 400,000 in Europe, more than one million surgical interventions involving meniscus are performed annually.
Throughout a patient’s rehabilitation after meniscus repair surgery, there are problems such as weight-bearing rate and motion range despite an increasing number of surgeries. In addition, due to product recalls, the collagen meniscus implant market is expected to witness slow growth over the forecast period. In 2018, for example, the FDA recalled Ivy Sports Medicine’s 155 collagen meniscus implant devices claiming the recalled products were shipped without the required temperature control packaging.
The global market for implant collagen meniscus is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa based on the region. Over the forecast period, North America’s collagen meniscus implant market is expected to generate significant revenue share due to the increasing number of meniscus surgeries being performed in the region.
Because of the increasing number of sports-related knee injuries in the region, the Asia Pacific collagen meniscus market is expected to grow at the highest CAGR. According to the Australian Institute of Health and Welfare (AIHW) report on Australian sport injury hospitalizations, in 2011-2012 36,000 people were hospitalized due to sport-related injuries in Australia aged 15 and above.
As per the 2017 report of the National Center for Health Statistics, meniscus surgery is the most common surgical procedure performed by orthopaedic surgeons in the U.S., with over 50 percent of the procedures performed in patients 45 years of age or older.
Browse Full Report Originally Published by Credence Research @ https://www.credenceresearch.com/report/collagen-meniscus-implant-market
How this report is useful?
The study “Collagen Meniscus Implant” will facilitate strategic decision-making with credible and genuine business information. It also maps important rivals and their strategies and positioning on the “Collagen Meniscus Implant” industry. The research also covers innovative and upcoming technological developments that are basically aimed at giving you an advantage over rivals. Various industry models industry dynamics and information contained in the study provide clarity across the value chain on different industries. The study also offers decisive approaches with a goal to support market entry and exit decision-making. The research also shows the market’s revenue pockets and investment possibilities.
Who should buy this report?
• Stakeholders across the “Collagen Meniscus Implant” market value chain.
• Business development managers
• CEO’s
• COO’s
• Marketing managers
• Technologists
• Suppliers
• Investors
• Banks
• Government agencies
Key questions answered in this report
• Who are the distributors, traders and dealers of “Collagen Meniscus Implant” market?
• What are the expected largest segments in the “Collagen Meniscus Implant” market during the forecast period from 2019 to 2027?
• What are the fastest-growing segments in the “Collagen Meniscus Implant” market for the forecast period?
• What are the current market trends in the “Collagen Meniscus Implant” market and valuable opportunities for the players?
• How the regulatory framework affects the global as well as the regional “Collagen Meniscus Implant” markets?
• Which are the key players operating in the global “Collagen Meniscus Implant” market and what are the strategies adopted by them?
• What are sales, revenue, and business strategy and product portfolio of top manufacturers of “Collagen Meniscus Implant” market?
• What is the market size and trend in emerging and developed markets?
You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/59957
About Credence Research (Original Publisher)
Credence Research is a worldwide market research and counselling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Contact Info:
Name: Chris Smith
Email: Send Email
Organization: Credence Research
Address: 105 N 1st ST #429, SAN JOSE,, CA 95103, United States
Phone: 18003618290
Website: https://www.credenceresearch.com/report/collagen-meniscus-implant-market
Source: MarketersMedia
Release ID: 88926447
Copyright © 1999-2013 SproutNews.com
