by Risk-free Environment for Surgery and Recovery Gains Importance amid Coronavirus Pandemic
Healthcare providers in the ACL reconstruction procedures market are navigating through challenging times during the coronavirus pandemic to provide urgent care for patients whose knee or shoulder requires immediate medical attention. The New York-based Manhattan Orthopedic Care center is gaining recognition for improving the patient quality of life with less pain and more comfort in the knees, especially during the pandemic.
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Even though medical professionals are offering optimum care services, the pandemic has squeezed financial situation for many patients, leading to the postponement of ACL (anterior cruciate ligament) procedures. Such trends are affecting the revenue generation in the ACL reconstruction procedures market. Nevertheless, medical professionals are ensuring a risk-free and healthy environment for both surgery and recovery of patients.
Biodegradable Metals Hold Potential to Offset Limitations of Bioceramics
Bioceramics, including hydroxyapatite (HA), beta-tricalcium phosphate (β-TCP) or their mixtures with most similar composition to the inorganic component of bone, have been widely used in bone implants due to their advantages of biocompatibility and osteoinductive properties. However, their poor mechanical properties such as brittleness, low fracture toughness, and extremely high stiffness are emerging as major challenges for their use in load-bearing skeletal sites. Hence, companies in the ACL reconstruction procedures market are increasing research in biodegradable metals such as zinc and magnesium to address poor mechanical properties.
Zinc-based alloy systems are showing outstanding mechanical strength and distinct osteopromotive properties, thus exhibiting great potential as novel orthopedic implants.
Evidence-based and Patient-centric Treatments Improving Patient Outcomes
The ACL reconstruction procedures market is projected to mature from a revenue of US$ 6.8 Bn in 2020 and reach US$ 11.5 Bn by 2031. In order to boost credibility credentials, healthcare companies are answering frequently asked questions (FAQs) of potential patients in order to win their faith for surgical procedures. Medical centers are providing evidence-based and patient-centric treatments with the help of trained doctors that are highly experienced in diagnosing and treating orthopedic conditions of the knee. Thus, to avoid potential complications such as infection around surgical wound and viral transmission from an allograft, medical practitioners in the ACL reconstruction procedures market are thoroughly assessing the patient’s condition and personalizing treatments.
Preference for Smaller Incision and Fast Recovery from ACL Reconstruction Procedures
The ACL reconstruction procedures market is undergoing a significant change with innovations in grafts for ACL injuries. In order to create the hamstring tendon autograft for ACL reconstruction, the semitendinosus hamstring tendon on the inner side of the knee is used. Proponents of the hamstring graft say that compared to the patellar tendon graft, there are less issues linked with graft harvesting, including fewer problems with anterior knee pain, smaller incision, and faster recovery.
Companies in the ACL reconstruction procedures market are improving their design capabilities in patellar tendon autograft. This graft is greatly known as the gold standard for ACL reconstruction by some surgeons. High demand athletes and patients are fueling the demand for patellar tendon autografts whose occupations do not entail a large amount of kneeling.
Excellent Biocompatibility and Mechanical Properties Needed in Implants
ACL reconstruction is recommended for active adult patients involved in sports or jobs that require pivoting, turning, and heavy manual work. The approach of using iron (Fe) or its alloys is being studied by an increasing number of researchers in the orthopedic field due to their excellent biocompatibility and desirable mechanical properties.
Owing to the magnetic nature of iron and the production of iron oxide degradation by-products, there are still challenges for the clinical use of iron-based orthopedic implants. Hence, companies in the ACL reconstruction procedures market are continuously investing in R&D to innovate in biodegradable interference screws used in ACL reconstruction procedures.
On the other hand, innovations in biodegradable magnesium-based orthopedics are grabbing the attention of companies in the ACL reconstruction procedures market.
Analysts’ Viewpoint
Medical practitioners are ensuring a clean, safe, and coronavirus-free environment for patients in order to make them feel safe during and after surgical procedures. It has been found that magnesium (Mg) ions released from Mg-based implants after surgical implantation in vivo can promote bone regeneration and accelerate healing of bone diseases. However, potential complications of an ACL reconstruction such as kneecap pain or stiffness and blood clots forming in the veins of the calf or thighs are causing concerns among patients. Hence, medical practitioners in the ACL reconstruction procedures market should provide evidence-based treatments that are personalized for the patient. Healthcare companies are increasing awareness about the rehabilitation therapy for enabling speedy recovery from surgeries.
ACL Reconstruction Procedures Market: Overview
The global ACL reconstruction procedures market was valued at US$ 6.8 Bn in 2020 and is projected to expand at a moderate CAGR from 2021 to 2031. Increase in incidence of sports injuries, rise in prevalence of orthopedic diseases, surge in patient burden suffering from anterior crucial ligament tear, and increase in demand for ACL reconstruction procedures are the major factors anticipated to drive the global ACL reconstruction procedures market during forecast period.
ACL, also known as anterior crucial ligament, is a major knee ligament situated diagonally in the middle of the knee. Anterior crucial ligament offers rotational stability to the knee and prevents the tibia from sliding out. Anterior crucial ligament reconstruction is a recommended surgery to replace torn anterior cruciate ligament. ACL injuries are primarily caused due to sports such as football, soccer, basketball, and volleyball.
ACL reconstruction is a standard care of surgical treatment for ACL tears and is widely opted by surgeons. During the ACL reconstruction surgery, the torn ligament is removed and replaced with a graft such as autograft or allograft. Anterior cruciate ligament plays a pivotal role in maintaining knee joint stability. Reconstruction procedures restore the stability of the knee joint. Two techniques are used for ACL reconstruction: extra-articular and intra-articular. Technological advancements in arthroscopy procedures have driven the demand for intra-articular technique, including patellar tendon autograft, hamstring autograft, quadriceps tendon autograft, iliotibial tract, gracilis tendon, allograft, and others.
ACL Reconstruction Procedures Market: Segmentation
The global ACL reconstruction procedures market has been segmented based on type, fixation type, end-user, and region
In terms of type, the global ACL reconstruction procedures market has been bifurcated into extra-articular and intra-articular. The intra-articular segment accounted for major market share in 2020. The intra-articular segment has been split into patellar tendon autograft, hamstring tendon autograft, and quadriceps tendon autograft. Patellar tendon autograft is standard and the most common procedure used for anterior cruciate ligament reconstruction. Moreover, hamstring tendon autograft is the most popular choice for anterior cruciate ligament reconstruction. These factors are expected to propel the hamstring tendon autograft segment in the next few years.
Based on fixation type, the global ACL reconstruction procedures market has been classified into femoral and tibial. The tibial segment held the largest market share in 2020, as these offer mechanical benefit in ACL reconstruction procedures. Moreover, tibial hamstring graft is considered cost-effective and simple ACL reconstruction technique, which provides desired outcomes for patients. This is likely to drive the segment during the forecast period.
In terms of end-user, the global ACL reconstruction procedures market has been divided into hospitals, orthopedic centers, and others. The hospitals segment accounted for the largest market share in 2020. In developed countries, hospitals are government and publicly funded, which minimizes the cost of ACL surgeries and reduces the economic burden on the patient. Hence, patients prefer hospitals for surgeries. Moreover, rise in admission of patients due to ACL injuries and increase in orthopedic surgeries are likely to propel the hospitals segment during the forecast period.
ACL Reconstruction Procedures Market: Regional Segmentation
In terms of region, the global ACL reconstruction procedures market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
North America dominated the global ACL reconstruction procedures market in 2020. Growth of the market in the region can be attributed to technological advancements, presence of key players offering devices for ACL reconstruction, increase in soft tissue repair procedures, and surge in number of anterior cruciate ligament injuries. Rise in prevalence of orthopedic injuries and increase in sports injuries leading to rise in prevalence of ACL injuries are anticipated to augment the ACL reconstruction procedures market in the region during the forecast period. Moreover, anterior cruciate ligament is the most common knee ligament injury and 150,000 and 200,000 ruptures are recorded in the U.S. every year. This is likely to boost the growth of the ACL reconstruction procedures market in the region during forecast period.
The market in Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to increase in the geriatric population and accidental injuries. Strategic alliances, significant burden of patients suffering from knee injuries, and acceptance of sports among adults are likely to augment the ACL reconstruction market in the region during the forecast period.
ACL Reconstruction Procedures Market: Major Players
Key players operating in the global ACL reconstruction procedures market are
- Arthrex, Inc.
- CITIEFFE S.R.L.
- CONMED Corporation
- DJO Global, Inc.
- Johnson & Johnson Services, Inc.
- Medtronic
- Miach Orthopaedics
- Meira Corporation
- RTI Surgical
- Smith+Nephew
- Stryker Corporation
- Tissue Regenix Group
- Zimmer Biomet Holdings, Inc.
These players focus on adopting various strategies to expand their innovative product offerings and strengthen geographic presence across the globe. Amid the COVID-19 pandemic, key players are entering into merger & acquisitions, development of innovative medical devices for ACL surgeries, and implementing strategies to expand the ACL reconstruction procedures product portfolio across geographies.
Key Questions Answered in ACL Reconstruction Procedures Market Report
- What are the sales/revenue generated by ACL reconstruction procedures across the global during the forecast period?
- What are the key trends in the global ACL reconstruction procedures market?
- What are the major drivers, restraints, opportunities, and threats in the market?
- Which segment will have the highest revenue by 2031 and which segment will grow at the highest CAGR during the forecast period?
- Strengths and weaknesses of major players (2019–2020)
- Competitive analysis of major players (2019–2020)
ACL Reconstruction Procedures Market – Segmentation
Type
- Extra-articular
- Intra-articular
- Patellar Tendon Autograft
- Hamstring Tendon Autograft
- Quadriceps Tendon Autograft
- Others
Fixation Type
- Femoral
- Tibial
End-user
- Hospitals
- Orthopedic Centers
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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