Global Collagen
Meniscus Implant Market, by Age Group (Pediatric and Adult), by End User
(Hospitals, Clinics, and Ambulatory Surgical Center), and by Region (North
America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is
estimated to be valued at US$ 389.5 million in 2019, and is expected to exhibit
a CAGR of 4.7%, during the forecast period (2019-2027).
Increasing incidences of meniscal tear, which
might result into arthritis is a major factor that is expected to drive the
collagen meniscus implant market growth over the forecast period. For instance,
according to the Centers for Disease Control and Prevention (CDC) factsheet
2018, around 29.3% and 49.6% population aged 45 to 64 and above 65 years,
respectively were diagnosed with arthritis from 2013 to 2015 in the U.S.
Moreover, according to the reports published by the American Academy of
Physical medicine and Rehabilitation 2017, incidence rate of knee meniscal
injuries was 61 cases per 100,000 individuals in the U.S.
Browse 26 Market Data Tables and
25 Figures spread through 121 Pages and in-depth TOC on "Global Collagen
Meniscus Implant Market, by Age Group (Pediatric and Adult), by End User
(Hospitals, Clinics, and Ambulatory Surgical Center), and by Region (North
America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global
Forecast to 2027"
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Structure, Methodology.
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Increasing number of sports
injuries and rising geriatric population are major factors that are expected to
drive growth of the collagen meniscus implant market over the forecast period.
For instance, according to the American Journal of Sports Medicine 2014 study,
the most common surgical intervention performed by orthopedic surgeons is for
meniscal lesions. According to the same source, over one million surgical
interventions involving meniscus are performed annually in the U.S. and around
400,000 in Europe. Moreover, adoption of inorganic strategies such as
collaboration and acquisition by major players in the collagen meniscus implant
market, is expected to drive growth of the market. For instance, in October
2019, Zimmer Biomet signed an exclusive license agreement with Sweden-based
medical device company, Bactiguard. The licensing agreement involved usage of
Bactiguard’s infection prevention technologies with Zimmer Biomet’s orthopedic
implants. Moreover, in March 2017, Active Implants LLC secured funding from LS
Health Science Partners, to continue clinical trials of NUsurface Meniscus
Implant.
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Report: https://www.coherentmarketinsights.com/market-insight/collagen-meniscus-implant-market-2229
Key Takeaways of the Global
Collagen Meniscus Implant Market:
The global collagen meniscus
implant market is expected to exhibit a CAGR of 4.7% during the forecast period
(2019-2027), owing to increasing initiatives by key players to develop novel
collagen meniscus implant.
Increasing clinical trials by key
players on collagen meniscus implants is expected to drive the global collagen
meniscus implant market growth over the forecast period. For instance, in
December 2015, Active Implant LLC initiated clinical trial study to gather
safety and probable clinical benefit data on the NUsurface Meniscus Implant
after the treatment of the patients with post-meniscectomy pain syndrome,
Osteoarthritis, and Knee injuries.
Major players operating in the
global collagen meniscus implant market include Zimmer Biomet Holdings, Inc.,
RTI Surgical Holdings, Inc., Stryker Corporation, Orthonika, Active Implants
LLC, and
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