CCollagen Meniscus Implant Market| Coherent Market Insights

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2. COLLAGEN MENISCUS IMPLANT MARKET ANALYSIS Collagen Meniscus Implant Market, by Age Group (Pediatric and Adult), by End User (Hospitals, Clinics, and Ambulatory Surgical Center), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

3. Collagen meniscus implant is majorly indicated in multiple conditions such as loss of meniscus tissue, meniscus tears requiring partial meniscectomy, traumatic or chronic post traumatic meniscus tear, and meniscus damage requiring greater than 25% removal of meniscus. Increasing demand for specialized orthopedic clinics for the treatment of meniscus tear in emerging and developed regions is expected to drive growth of the collagen meniscus implant market during the forecast period. For instance, according to a report published in the Journal of Orthopedic Science in 2018, around 35,000 meniscus surgeries are performed in Japan annually. The global collagen meniscus implant market is estimated to be valued at US$ 389.5 million in 2019, and is expected to exhibit a CAGR of 4.7% during the forecast period (2019–2027).

4. Figure 1. Global Collagen Meniscus Implant Market Share (%), By Age Group, (2019 & 2027)

5. Increasing incidence of sport injuries is expected to drive global collagen meniscus implant market growth over the forecast period Rising geriatric population and increasing incidence of sports injuries are major factors that are expected to drive growth of the collagen meniscus implant market over the forecast period. For instance, according to the Eurostat 2019 report, in 2018, nearly one fifth (19%) of the EU population of are of age 65 and above. Furthermore, according to the IDB definitions of sports, Summary of injury statistics for the years 2012-2014, in EU, annually 4.5 million people in the age group of 15 and above are treated in hospitals for sports injury. Furthermore, key players are focused on adopting growth strategies such as acquisitions that is expected to drive the global collagen meniscus implant market growth over the forecast period. For instance, in September 2016, Stryker acquired Ivy Sports Medicine, LLC. Ivy Sports Medicine offers minimally invasive meniscal repair implants for orthopedic surgeons and patients, which is used in the meniscal injury treatment.

6. Global Collagen Meniscus Implant Market- Restraints Defective products is expected to pose a serious safety risk to patients as well as cause significant financial damage to the companies. Moreover increasing number of product recalls is expected to hamper the market growth over the forecast period. For instance, in January 2018, the U.S. FDA recalled 155 collagen meniscus implant devices by Ivy Sports Medicine, claiming that the recalled products were shipped without the required temperature control and unfavorable packaging

7. Global Collagen Meniscus Implant Market- Regional Analysis Regional segmentation of the global collagen meniscus implant market comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Among regions, North America is expected to witness a significant growth in the global collagen meniscus implant market over the forecast period, owing to presence of major key players in the U.S. such as RTI Surgical, Stryker Corporation, and Zimmer Biomet offering the collagen meniscus implant. Moreover, increasing number of orthopedic surgeries performed in the region is also expected to fuel growth of the market. For instance, according to the American Academy of Physical Medicine and Rehabilitation 2017, around 850,000 orthopedic surgery cases per year, 10% to 20% of orthopedic surgeries involve surgical repair of the meniscus in the U.S. Moreover, Europe is expected to witness significant growth in the global collagen meniscus implant market over the forecast period, owing to presence of major companies in Europe such as Active Implants, Orthonika, RTI Surgical Holdings, Inc., and Biofixt.

8. Figure 2: Global Collagen Meniscus Implant Market Share (%), By Region, (2019 & 2027) Key players operating in the collagen meniscus implant market include Zimmer Biomet Holdings, Inc., RTI Surgical Holdings, Inc., Stryker Corporation, Orthonika, Active Implants LLC, and Biofixt.

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