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Global Cruciate Ligament Repair Procedures Market Analysis & Forecast 2024-2034: Market Forecast to Surge to $28.95 Billion by 2034 | ||
By: PR Newswire Association LLC. - 12 Feb 2024 | Back to overview list |
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DUBLIN, Feb. 12, 2024 /PRNewswire/ -- The "Global Cruciate Ligament Repair Procedures Market Analysis & Forecast to 2024-2034" report has been added to ResearchAndMarkets.com's offering. The global cruciate ligament repair procedures market size was estimated to be USD 13.27 billion in 2023 and is expected to reach at USD 28.95 billion by 2034 with a CAGR of 7.35% during the forecast period 2024-2034. Increasing demand for minimally invasive procedures, rising incidence of sports-related injuries & knee injuries, growing geriatric population, surge in need for effective treatments, increasing research & development efforts in the fields of orthopedics & sports medicine are concentrated on enhancing the effectiveness & safety of cruciate ligament repair procedures, and rising technological advancements in cruciate ligament repair procedures are the factors contributing to the market expansion. This increased friction can result in conditions like arthritis and other complications, often necessitating knee replacement surgeries. Moreover, the ligaments connecting the bones become stiffer and less flexible with age. These factors collectively contribute to a growing demand for cruciate ligament repair procedures, particularly among the elderly population. As a result, the market for such procedures is expected to expand in response to the rising need for effective treatments among older individuals. Additionally, posterior cruciate ligament (PCL) repair is predicted to grow at fastest CAGR during the forecast period owing to the increasing awareness & diagnosis of posterior cruciate ligament (PCL) injuries are leading to a rising demand for PCL repair procedures, as medical knowledge & awareness continue to expand, surge in occurrence of vehicular accidents and injuries resulting from contact sports, growing research & development initiatives focused on improving surgical techniques and rehabilitation protocols, and rising advancements in surgical techniques have improved the effectiveness of PCL repair procedures. Additionally, the Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the rising demand for ligament repair surgeries, growing geriatric population, surge in technological advancements, and increasing initiatives by leading market players. For instance, in May 2023, Arthrex, a prominent global player in minimally invasive orthopedic technology, has unveiled a patient-centered website called ACLTear.com. This website aims to explain the science behind anterior cruciate ligament (ACL) injuries, showcase the advantages of knee preservation technology, and offer resources to patients for connecting with surgeons who perform advanced, minimally invasive ACL procedures. Cruciate Ligament Repair Procedures Market Analysis & Forecast by Procedure Type
Cruciate Ligament Repair Procedures Market Analysis & Forecast by Application
Cruciate Ligament Repair Procedures Market Analysis & Forecast by End-user
Companies Profiled
For more information about this report visit https://www.researchandmarkets.com/r/o7csji About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Media Contact: Research and Markets For E.S.T Office Hours Call +1-917-300-0470 U.S. Fax: 646-607-1907 Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
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