The Anterior Cruciate Ligament Injuries Market consists of products utilized for the treatment of AC joint sprains or injuries. AC ligaments connect the collarbone, also known as the clavicle, to the shoulder blade or scapula. When these ligaments get injured or detached, there is excessive movement between these two bones, causing pain and discomfort. AC ligament sprains commonly occur due to falls on an outstretched arm or during contact sports that involve shoulder tackles. Conservative treatments such as rest, ice, compression, and elevation are usually prescribed for minor sprains. However, severe sprains may require surgical procedures such as AC joint reconstruction using screws, plates, or tendon grafts.
The anterior cruciate ligament injuries market is estimated to be valued at USD 4.81 Bn in 2024 and is expected to reach USD 7.62 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031.
Key Takeaways
Key players operating in the Anterior Cruciate Ligament Injuries Market are Depuy Synthes, Wright Medical, Zimmer Biomet, Anthropic, and Smith & Nephew.
The market offers lucrative growth opportunities owing to the increasing popularity of contact sports and the growing risk of shoulder injuries. Additionally, the rising spending on sports medicine and the development of advanced surgical procedures are further propelling the market growth.
Globally, the North American region currently dominates the Anterior Cruciate Ligament Injuries Market due to the high incidence of shoulder injuries in the region. Meanwhile, the Asia Pacific region is expected to witness the fastest growth over the forecast period supported by growing healthcare expenditures, rising disposable incomes, and increasing focus on sports medicine.
Market Drivers
The key driver propelling the growth of the Anterior Cruciate Ligament Injuries Market is the increasing participation in sports activities coupled with the rising risk of shoulder injuries. According to studies, contact sports like rugby, American football, wrestling, and judo have a significantly high risk of AC joint injuries. Furthermore, with growing health awareness, people across regions are increasingly participating in sports, thereby accelerating injury incidences. This is contributing to the market growth remarkably.
Pest Analysis
Political: Regulations regarding healthcare infrastructure and insurance coverage affect demand. Regulations on product approvals impact new offerings.
Economic: Economic growth and rising disposable incomes increase spending on elective surgeries and non-critical treatments. Recessions lower such spend.
Social: An aging population and active lifestyles that promote joints wear-and-tear drive cases. Social media influences health choices.
Technological: Advances in minimally invasive surgery techniques reduce recovery times. AI aids in non-invasive diagnoses and personalized treatment planning.
Geographical concentration
North America accounts for the largest value share, led by the U.S. due to high healthcare spend levels and acceptance of orthopedic interventions. Europe is the second largest region due to widespread insurance coverage.
Fastest growing region
The Asia Pacific region is expected to exhibit the fastest value growth over the forecast period. This is attributed to economic development, increasing medical tourism, rising healthcare investments and Westernization of lifestyles in large developing nations such as India and China.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc.
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