The rising global incidences of accidents on road, the increasing number of sports injuries and the growing prevalence of orthopedic surgeries are some primary factors which are expected to drive the market in the forecast period.
According to the current analysis of Reports and Data, the Ligament Stabilizer market was valued at USD 2.11 billion in 2018 and is expected to reach USD 3.42 billion by the year 2026, at a CAGR of 6.2%. Ligaments are fibrous connective tissues that provide support to the joints and manage the movements of joints in the body. Ligaments are of two major types in which white ligaments are sturdy, and inelastic and yellow ligaments are rich in elastic fibers, which allows elastic movement. Severe injuries may lead to ligament tear; for such cases, ligament stabilizers are recommended for use. Severe accidents or traumatic injuries may lead to the rupture of these ligaments, which leads to various surgeries.
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Market Overview:
The World Health Organization (WHO) declared the severe acute respiratory syndrome novel coronavirus 2 (SARS-CoV-2) outbreak in Wuhan, China, as a worldwide pandemic in December 2019. SARS-CoV-2 infection is classified as a novel coronavirus disease by the WHO. COVID-19 has infected more than 150 million people worldwide, resulting in more than 3 million deaths. COVID-19 has had a big influence on the healthcare business, causing major disruptions throughout the supply chain, from raw materials to manufacture and delivery. The global demand for medical ventilators has prompted manufacturers to increase demand by up to 40% to 50%. Producers have also collaborated in order to meet rising demand. Governments and a variety of organisations, as well as other industry personnel, are all working hard to address the global problem. Leading personnel are active in research and development operations, strategic alliances and collaborations, and creative product releases in order to meet consumer demands for pharmaceuticals, vaccines, diagnostics, and medical equipment such as ventilators. Without a doubt, this is the first time in contemporary history that the diagnostics industry has been given such prominence. Participants in the healthcare business have abruptly shifted from under the carpet to above the carpet's demand. The world has acknowledged the necessity for early warning systems in the healthcare sector, currently for COVID-19, but this pattern will continue in the future for other sorts of diagnostics.
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Key Players covered in this report are
Bauerfeind AG, DeRoyal Industries, Inc., BSN Medical GmbH, 3M Company, Otto Bock Healthcare, THUASNE SA, Össur hf., DJO Global Inc., Breg, Inc., and ORTEC
Product Outlook (Revenue in Million USD; 2016–2026)
- Knee Braces and Supports
- Foot and Ankle Braces and Supports
- Wrist and Hand Braces and Supports
- Shoulder Braces and Supports
- Spinal Orthoses
Injury Outlook (Revenue in Million USD; 2016–2026)
- Grade-1
- Grade-2
- Grade-3
End-use Outlook (Revenue in Million USD; 2016–2026)
- Hospitals
- Clinics
- Ambulatory surgery centers
- Others
Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East Africa
Further key findings from the report suggest
- There are various existing and new product launches in the market. Products like techware pro knee brace, knee brace with side stabilizers, etc. are some best-known products in the market for pain relief in arthritis
- Many surgical advancements in are driving the growth of the markets. For instance, a new surgical technique in shoulder joints has been introduced which that does not include any revision surgery
- Many technological advancements in the self-reconstruction have ben introducd in the market. For instance, researchers from Harvard’s Wyss Institute for biotechnologically Inspired Engineering have developed a soft Exosuit which is a wearable robotic device which attached to the legs to make walking easier.
- Musculoskeletal disorders such as tarsal tunnel syndrome and Raynaud’s syndrome are also responsible for ligament injury. For instance, as per The National Institute for Occupational Safety and Health report, there are around 380,600 of musculoskeletal cases found in the U.S., which are responsible for weakening and damage of collateral ligaments supports the growth of collateral ligament stabilizer system market in the near future.
We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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