Cruciate Ligament Repair Procedures Market Size Is Projected To Reach $15.8 Billion By 2025

The global cruciate ligament repair procedures market size is expected to reach USD 15.8 billion by 2025, registering a lucrative CAGR of 9.3% over the forecast period, according to a new study by Grand View Research, Inc. Upsurge in the number of sports-related injuries among athletes and increasing demand for minimally invasive procedures for correction of knee ligaments are some of the major factors driving the market.

Anterior Cruciate Ligament (ACL) repair held the largest share in 2018 owing to a higher incidence of ACL injuries among soccer, basketball, and baseball players. Increase in the number of sports activities has led to growing sports injuries among athletes and this is inducing the demand for ACL correction surgeries. Lower healing capacity of ACLs due to intraarticular conditions is another major factor driving the growth of the segment. On the other hand, the Posterior Cruciate Ligament (PCL) segment is expected to register the fastest CAGR over the forecast period.

North America accounted for the dominant share in 2018, with about 453,843 CL surgeries performed that year, and is expected to grow at a lucrative pace over the forecast period. Rising healthcare expenditure and availability of advanced healthcare services at affordable prices are anticipated to drive demand for these surgeries in this region. Asia Pacific is expected to exhibit the fastest CAGR over the forecast period owing to rise in elderly population, which is highly susceptible to musculoskeletal disorders.

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Further key findings from the report suggest:

• Increasing number of sports activities has led to a rise in incidence of sports-related injuries among athletes. This, in turn, has resulted in a surge in knee surgeries performed across the globe. According to our study, close to 2.5 million knee reconstruction surgeries were performed in 2018
• The ACL segment held the largest share in 2018 as it isthe most common form of injury among athletes, especially in soccer and baseball
• North America accounts for the largest share in the global cruciate ligament repair procedures market for CL correction surgeries owing to well-established infrastructure and advanced healthcare services at affordable prices.

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Grand View Research has segmented the global cruciate ligament repair procedures market based on procedure type and region:

CL Repair Procedure Type Outlook (Number of Procedures; Revenue, USD Million, 2014 - 2025)

• Anterior Cruciate Ligament (ACL) Repair
• Posterior Cruciate Ligament (PCL) Repair

CL Repair Procedures Regional Outlook (Number of Procedures; Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Poland
• Russia
• Norway
• Finland
• Sweden
• Iceland
• Denmark
• Asia Pacific
• China
• Japan
• Singapore
• Australia

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com