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.
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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.
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.
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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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