Emerging Technologies in Cruciate Ligament Repair Procedure Market: Opportunities and Challenges
According to a new report by UnivDatos Market Insights, the Cruciate Ligament Repair Procedures Market is expected to reach USD 10.8 Billion in 2030 by growing at a CAGR of 8.5%. Cruciate ligament repair procedures are being used in healthcare organizations to restore injured cruciate muscles. Cruciate ligament repair procedures have a major application in treating injured knee ligaments with minimally invasive surgery that uses small incisions. Several factors are responsible for leading this market, prominently the increase in the geriatric population, initiatives for research and development activities, promising product pipeline and technological advancements, and increased incidences of anterior cruciate ligament are driving the growth of the market during the forecast period. The rising prevalence of knee injuries globally represents one of the key factors driving the market. For instance, in 2022, as per the report by the National Safety Council (NSC), sports and recreational injuries in the U.S. increased by 20% in 2021 and increased another 12% in 2022 while a record-low number of sports and recreational injuries were reported in 2020.
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The report suggests that the Rise in Demand for Cruciate Ligament Repair Procedures is one of the major factors driving the growth of cruciate ligament repair procedures in the market. The anterior cruciate ligament (PCL) repair segment is expected to grow with a high CAGR during the forecast period owing to rising incidents of road accidents and rising sports injuries. ACL injuries are relatively more common compared to all other knee injuries. The recent trends of increased sports activities and a surge in road traffic accidents are propelling this segment.? For instance, according to the epidemiological profile study of anterior cruciate ligament injuries in a tertiary referral trauma center in Nepal published by the National Library of Medicine in June 2021, road traffic accidents were the most common cause of ACL injury (38.8%), followed by sports-related injuries in 33.3% and falls in 16.5% of patients. Also, in May 2022, according to the National Library of Medicine anterior cruciate ligament injuries (ACL) were the most commonly injured ligament in the knee area. The incidence of ACL is nearly 1 in 3,500 people annually in the U.S. Cruciate ligament repair procedures are safe to use and provide a better quality of life to patients with assistance of minimally invasive surgery.
Apart from this, growing investment by governments in spreading awareness about untreated cruciate ligament repair will also have a positive impact on the cruciate ligament repair procedures market growth during the forecast period. Another prevalence seen in the cruciate ligament repair procedures market is collaborations between pharmaceutical organizations to promote the production of innovative treatment therapies. For instance, a UK-based medical equipment manufacturing company, Smith+Nephew, launched the UltraTRAC QUAD ACL Reconstruction Technique in March 2023. This technique consists of a first integrated guide for minimally invasive quadriceps graft harvesting called QuadTrac Quadriceps Tendon Harvest Guide System which provides direct tendon visualization while enabling a controlled and reproducible technique to harvest.
Anterior Cruciate Ligament Repair Procedures Leading the Pharmaceutical Industry
Anterior cruciate ligament repair procedure involves ligament reconstruction, where the damaged ACL is replaced by either an autograft extracted from the person's own body or an allograft under arthroscopic control. Here are some key points to understand why cruciate ligament repair procedures are gaining momentum in the pharmaceutical market:
Effective Minimally Invasive Procedures: Several minimally invasive procedures are being used in the healthcare sector where autograft or allograft is extracted from a patient’s own body or human cadaver using a combination of fiber optics, small incisions, and small instruments.
Patient Survival and Quality of Life: Because they are often more precisely directed at patient care, cruciate ligament repair procedures may offer improved survival rates and better quality of life for patients.
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Conclusion
The global cruciate ligament repair procedures market is a rapidly growing field, with advancements in health care and treatments leading to improved outcomes for patients. Cruciate ligament repair procedures are a kind of minimally invasive procedure that is most frequently used in healthcare facilities. The global cruciate ligament repair procedures market is expected to continue to grow in the coming years with advancements in medical technology and surgical techniques continuously being improvised to improve patient results. As a result, there is a growing demand for cruciate ligament repair procedures all over the world. Overall, the global cruciate ligament repair procedures market represents a significant opportunity for companies and professionals in the field of pharmaceuticals. With continued research and development, it is likely that even more effective and safer options for latex gloves will become available in the future, leading to improved treatment methods for patients and healthcare professionals.
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