13th September 2019 – The global Collateral
Ligament Stabilizer System Market size is expected to value at USD 2.36
billion by 2025. The market is subject to witness a substantial growth due to
the rise in geriatric population across the globe and constant demand of
collateral ligament stabilizer systems (CLSS) from sports & fitness
industry. Increase in number cases of sport-related trauma is predicted to
boost demand of the collateral ligament stabilizer systems (CLSS) in the sports
& fitness industry in upcoming years.
Critical injuries occurred during
exercises or sporting events such as muscle sprains, ligament tear, trauma,
dislocated shoulder-joints, and fracture are further propelling demand of the
collateral ligament stabilizer systems (CLSS) in recent years. Globally, the
collateral ligament stabilizer system industry is predicted to grow at CAGR of
6.7% in forecast period, providing numerous opportunities for market players to
invest for research and development in the market.
Growing concerns regarding prevalence of
the chronic disorder among elderly population, which is expected to grow in
coming years as well, is responsible for driving high-end demand of the
collateral ligament stabilizer systems (CLSS). Similarly, increasing occurrence
of arthritis and joint disorders among geriatric population due to weakness in
knee ligaments with growing age, thus becoming prone to injuries. Such factors
are anticipated to fuel growth of the collateral ligament stabilizer system
market in coming years.
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Rise in the road accidents is one of the
primary cause of the injuries related to muscle sprains, ligament tear, and
ligament trauma, thus attributing to the growth of the collateral ligament
stabilizer system industry. As per recent report presented by World Health
Organization (WHO), each year as many as ten million people are either injured
or permanent disabled because of the road accidents. Collateral ligament
stabilizer systems (CLSS) are excellent as knee braces or support to relive
pain in joints.
The medial collateral ligament (MCL) is
one of the fastest growing segment in the collateral ligament stabilizer
systems (CLSS) market with a higher revenue generation in the last couple of
years. Substantial investment by leading industry players in the market las led
to the development of innovative products, thus accelerating competition in the
market. Rise in the incidences related to injury of the medial collateral
ligament (MCL) in athletes, majorly due to factor such as rapid changes in
speed and direction, and a strong force is applied onto the knee, causing to
stretch and tear.
The medial collateral ligament (MCL)
segment is expected to witness tremendous growth in upcoming years due to the
rise in number of these medial collateral ligament (MCL) in juries. Similarly,
the lateral collateral ligament (LCL) segment is anticipated to display a
sustained growth in coming years. Increasing popularity of the lateral
collateral ligament (LCL) stabilizers is credited to increased applications in
personal care devices, sports injuries, and as an emergency medical device.
Advantages associated with lateral collateral ligament (LCL) include high
comfort level and favorable compensation policies. Such advantages are further
propelling the demand of lateral collateral ligament (LCL) stabilizers in
coming years.
The collateral ligament stabilizer
system industry is divided into regional market segment such as North America,
Europe, Asia-Pacific, Latin America and Africa. North America has shown major
growth in recent years owing to growing cases of sports injuries in the region
coupled with the rise in the adoption of latest technologies in healthcare
sector and existence of well-established medical facilities. Asia-Pacific
region is predicted to hold major market share in the collateral ligament
stabilizer system market with massive growth in forecast period.
Countries such as India, China and Japan
are leading the Asia-Pacific market with rise in the incidences related to
chronic disorders such as osteoarthritis, increase rise in number of severe
accident and trauma cases, and substantial investment by industry leaders in
the region considering potential opportunities in the region. The key players
in the collateral ligament stabilizer system industry are Ossur hf., DJO
Global, Inc., DePuySynthes Company, Bauerfeind AG, and DeRoyal Industries
Incorporations.
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