Global CollagenMeniscus Implant Market, by Age Group (Pediatric and Adult), by End User(Hospitals, Clinics, and Ambulatory Surgical Center), and by Region (NorthAmerica, Latin America, Europe, Asia Pacific, Middle East, and Africa) isestimated to be valued at US$ 389.5 million in 2019, and is expected to exhibita CAGR of 4.7%, during the forecast period (2019-2027).
Increasing incidences of meniscal tear, whichmight result into arthritis is a major factor that is expected to drive thecollagen meniscus implant market growth over the forecast period. For instance,according to the Centers for Disease Control and Prevention (CDC) factsheet2018, 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 ofPhysical medicine and Rehabilitation 2017, incidence rate of knee meniscalinjuries was 61 cases per 100,000 individuals in the U.S.
Browse 26 Market Data Tables and25 Figures spread through 121 Pages and in-depth TOC on "Global CollagenMeniscus Implant Market, by Age Group (Pediatric and Adult), by End User(Hospitals, Clinics, and Ambulatory Surgical Center), and by Region (NorthAmerica, Latin America, Europe, Asia Pacific, Middle East, and Africa) - GlobalForecast to 2027"
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Increasing number of sportsinjuries and rising geriatric population are major factors that are expected todrive 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 formeniscal lesions. According to the same source, over one million surgicalinterventions involving meniscus are performed annually in the U.S. and around400,000 in Europe. Moreover, adoption of inorganic strategies such ascollaboration and acquisition by major players in the collagen meniscus implantmarket, is expected to drive growth of the market. For instance, in October2019, Zimmer Biomet signed an exclusive license agreement with Sweden-basedmedical device company, Bactiguard. The licensing agreement involved usage ofBactiguard’s infection prevention technologies with Zimmer Biomet’s orthopedicimplants. Moreover, in March 2017, Active Implants LLC secured funding from LSHealth Science Partners, to continue clinical trials of NUsurface MeniscusImplant.
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Key Takeaways of the GlobalCollagen Meniscus Implant Market:
The global collagen meniscusimplant 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 novelcollagen meniscus implant.
Increasing clinical trials by keyplayers on collagen meniscus implants is expected to drive the global collagenmeniscus implant market growth over the forecast period. For instance, inDecember 2015, Active Implant LLC initiated clinical trial study to gathersafety and probable clinical benefit data on the NUsurface Meniscus Implantafter the treatment of the patients with post-meniscectomy pain syndrome,Osteoarthritis, and Knee injuries.
Major players operating in theglobal collagen meniscus implant market include Zimmer Biomet Holdings, Inc.,RTI Surgical Holdings, Inc., Stryker Corporation, Orthonika, Active ImplantsLLC, and
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