Press Release

Cruciate Ligament Repair Procedures Market to Grow with a CAGR of 6.83% through 2028

Improved health awareness and the growing sports industry is expected to drive the Global Cruciate Ligament Repair Procedures Market growth in the forecast period, 2024-2028.

 

According to TechSci Research report, “Cruciate Ligament Repair Procedures Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Cruciate Ligament Repair Procedures Market stood at USD 12.27 billion in 2022 and is anticipated to grow with a CAGR of 6.83% in the forecast period, 2024-2028. This can be attributed to research and development. Continuous research and development efforts in the field of orthopedics have led to the introduction of innovative techniques and materials for cruciate ligament repair. These advancements have not only improved the success rates of surgeries but also attracted more patients seeking these state-of-the-art procedures. Furthermore, biodegradable implants are another innovative trend in cruciate ligament repair. These implants gradually dissolve over time, reducing the risk of complications associated with non-absorbable materials. Biodegradable implants have the potential to improve long-term patient outcomes and reduce the need for implant removal surgeries.

                                                                                             

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Cruciate ligaments, also referred to as cruciform ligaments, play a critical role in providing support to the knee's skeletal structure. When these ligaments sustain injuries, cruciate ligament repair surgery employs a surgical graft to replace the damaged ligaments. With aging, the synovial fluid in the knee joint tends to decrease, leading to heightened friction between the bones, ligaments, and cartilage. This increased friction can lead to conditions like arthritis, often necessitating knee replacement procedures. Furthermore, the ligaments connecting to the bones become stiffer and less flexible. These factors contribute to a growing demand for cruciate ligament repair procedures, especially among the elderly population. The market for such procedures is poised for growth due to the increasing requirement for effective treatments among older individuals.

Globally, sports-related activities are a primary contributor to knee ligament injuries, with athletes, in particular, being more susceptible to ACL (anterior cruciate ligament) injuries that limit their flexibility and mobility. A survey conducted by Safe Kids Worldwide has shown that over a million young athletes seek medical attention for sports-related injuries annually worldwide. Additionally, data from Michigan State University indicates that soccer accounts for approximately 46% of all knee injuries, followed by basketball (42%), running (38%), and gymnastics (31%).

Moreover, the escalating participation in sports has resulted in a higher incidence of various injuries among athletes, creating a greater demand for knee surgeries on a global scale. The 2022 annual report of the American Joint Replacement Registry reveals that more than 2.8 million knee and hip surgeries were performed at over 1,250 institutions across all 50 states and the District of Columbia. This marks a 14% increase in the total number of registered procedures compared to the previous year, establishing the AJRR as the world's largest arthroplasty registry in terms of procedure volume.

A significant challenge for patients, especially in emerging countries with low reimbursement rates, is the substantial cost of knee-related surgeries. Patients lacking sufficient insurance coverage are likely to face higher expenses for knee repair procedures, encompassing out-of-pocket hospital admission costs and co-pay fees. Consequently, the elevated costs associated with cruciate ligament correction surgeries are expected to hinder market growth during the forecast period.

Additionally, the presence of skilled orthopedic surgeons, sports medicine specialists, and other healthcare professionals trained in cruciate ligament repair procedures is crucial for the market's expansion. As the demand for these procedures increases, there is a parallel need for a proficient workforce capable of performing successful surgeries, driving advancements in the field. Likewise, ongoing research and development activities in the domains of orthopedics and sports medicine focus on enhancing the efficacy and safety of cruciate ligament repair procedures. This encompasses the development of novel surgical techniques, implant materials, and rehabilitation protocols. The continuous progress resulting from research and development efforts contributes to the market's growth by providing improved treatment options for patients.

The Global Cruciate Ligament Repair Procedures Market is segmented into procedure type, end-use, regional distribution, and company.

Based on its procedure type, the ACL repair category emerged as the leading sector in 2022. This predominance can be ascribed to a variety of factors, including the increasing frequency of ACL injuries, the constraints imposed by intra-articular conditions on ACL healing, and the surge in physical activity and sports involvement, such as football, hockey, and basketball. Moreover, technological advancements, particularly the development of minimally invasive surgical methods that facilitate quicker recovery and better outcomes, are anticipated to bolster the market's expansion.

The PCL repair category is projected to experience the most rapid CAGR over the forecast period. This is mainly due to the gradual recognition and diagnosis of PCL injuries, which contribute to a growing demand for PCL repair procedures as medical knowledge and awareness continue to increase. Additionally, the increasing occurrence of vehicle accidents and injuries resulting from contact sports is fueling the necessity for PCL repairs. Advances in surgical techniques and technologies have heightened the effectiveness of PCL repair procedures, instilling confidence in both patients and healthcare professionals. The ongoing research and development initiatives aimed at improving surgical techniques and rehabilitation protocols further underpin the growth of the PCL repair segment.

Based on end-use, the hospital sector stood out as the primary revenue generator in the market in 2022, securing the largest share. Hospitals have firmly established themselves as the dominant players in the market's End-use segment, offering specialized medical services and advanced surgical treatments for individuals with cruciate ligament injuries. This supremacy of hospitals in the market can be ascribed to various pivotal factors. Hospitals offer comprehensive healthcare facilities, encompassing state-of-the-art operating rooms, advanced diagnostic imaging technologies, and well-equipped rehabilitation centers, ensuring precise diagnoses, accurate surgical procedures, and effective postoperative care. With a diverse cadre of healthcare professionals, including orthopedic surgeons, sports medicine experts, anesthesiologists, and physical therapists, hospitals provide multidisciplinary care and holistic treatment plans.

Conversely, the segment of ambulatory surgical centers (ASCs) is currently experiencing rapid expansion and is projected to witness the most substantial CAGR between 2023 and 2030. The growth of this segment can be attributed to its convenience, cost-effectiveness, specialized expertise, and the technological advancements integrated into ASC operations. With the escalating demand for outpatient surgical options, ASCs are poised to play a significant role in addressing patient requirements and propelling market growth.

 

Major companies operating in Global Cruciate Ligament Repair Procedures Market are:

  • Zimmer Biomet Holdings Inc
  • Stryker Corp
  • Smith & Nephew plc
  • Arthrex Inc
  • Boston Scientific Corporation
  • B Braun SE
  • athenahealth Inc
  • Wright Medical Group NV

 

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“The Global Cruciate Ligament Repair Procedures Market is experiencing a dynamic transformation, marked by advancements in surgical techniques, the integration of innovative technologies, and a growing emphasis on personalized care. These key trends promise to improve patient outcomes, reduce healthcare costs, and provide more accessible and convenient healthcare options. As these trends continue to shape the market, the future of cruciate ligament repair procedures appears promising, with a focus on patient-centric, efficient, and effective care,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Cruciate Ligament Repair Procedures Market By Procedure Type (Anterior Cruciate Ligament (ACL) Repair, Posterior Cruciate Ligament (PCL) Repair), By End-use (Hospitals, Ambulatory Surgical Centers, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Cruciate Ligament Repair Procedures Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Cruciate Ligament Repair Procedures Market.


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Cruciate Ligament Repair Procedures Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Procedure Type (Anterior Cruciate Ligament (ACL) Repair, Posterior Cruciate Ligament (PCL) Repair), By End-use (Hospitals, Ambulatory Surgical Centers, Others), By Region, and By Competition

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Increasing incidence of sports-related injuries and the preference for minimally invasive techniques are factors driving the Global Cruciate Ligament Repair Procedures market in the forecast period 2024-2028.

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