ACL Reconstruction Procedures Global Market Report 2024

The acl reconstruction procedures market has grown strongly in recent years. It will grow from $6.89 billion in 2023 to $7.4 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth observed in the historical period can be attributed to several factors, including the expansion of the construction industry, increased maintenance and repair activities, the growth of warehousing and logistics operations, urbanization trends, and the implementation of renewable energy projects.

The acl reconstruction procedures market is expected to see strong growth in the next few years. It will grow to $9.58 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The anticipated growth in the forecast period can be attributed to factors such as infrastructure renewal and upgradation, a heightened focus on sustainable practices, increased demand for compact and portable Aerial Work Platforms (AWPs), smart city initiatives, and a rise in material handling processes. Major trends expected in the forecast period include the adoption of hybrid and electric models, integration of telematics and Internet of Things (IoT) technologies, innovations in safety measures, advancements in smart fleet management, and the popularity of rugged and all-terrain AWP models.

The expected increase in injuries and incidents resulting from sports activities is anticipated to drive the growth of the ACL reconstruction procedure market. Sports injuries, which can occur during exercise or sports, whether acute or chronic, are often caused by factors such as poor training methods, skeletal abnormalities, muscle weakness, and unsafe practices. The ACL reconstruction procedure proves to be an effective method for restoring knee stability and function, addressing the root cause of the problem. The surge in sports-related injuries contributes to an increased demand for ACL reconstruction procedures. For example, in April 2021, the American Academy of Pediatrics reported that over 100,000 ACL repair procedures were performed annually in the United States, with a 148% increase in injuries among 14- to 18-year-olds over the past decade, growing at least 2% each year. Consequently, the rise in sports-related injuries is a driving force behind the growth of the ACL reconstruction procedure market.

The growing proportion of aging individuals is expected to fuel the expansion of the ACL reconstruction procedure market. Aging individuals, referring to those advancing in age and reaching or approaching the later stages of life, contribute to an increased demand for ACL reconstruction procedures. Factors such as heightened physical activity, age-related ligament weakening, pre-existing knee conditions, and delayed diagnosis and treatment are among the reasons driving the demand for ACL reconstruction procedures in this demographic. For instance, as of June 2023, the United States Census Bureau reported a 0.2-year increase in the country's median age to 38.9 years in 2022 from the previous year, indicating a continual aging of the population. Therefore, the growing proportion of aging individuals serves as a driving factor for the ACL reconstruction procedure market.

Product innovation stands out as a prominent trend gaining traction in the ACL reconstruction procedure market, with major companies strategically focusing on developing innovative products to strengthen their market position and gain a competitive edge. An example of this trend is evident in the actions of Smith+Nephew, a UK-based medical equipment manufacturing company, which introduced the UltraTRAC QUAD ACL Reconstruction Technique in March 2023. This technique features the QuadTrac Quadriceps Tendon Harvest Guide System, representing the first integrated guide for minimally invasive quadriceps graft harvesting. It provides direct tendon visualization while offering a controlled and reproducible technique for harvesting. The Quadtrac method is positioned as an efficient approach for surgeons to harvest the quad tendon.

Major companies in the ACL reconstruction procedure market are actively involved in the development of new devices, exemplified by the introduction of the ACL TightRope II. This medical device, used in orthopedic surgery with a focus on anterior cruciate ligament (ACL) reconstruction in the knee, was launched by Arthrex, a US-based medical device company, in June 2021. Notably, the ACL TightRope II is the first and only medical device authorized exclusively for pediatric ACL surgery. It offers superior handling and increased resistance to graft abrasion or tissue pull-through when compared to conventional round sutures.

In July 2021, the acquisition of Mathys AG Bettlach by Colfax Corporation, now operating under the name Enovis, added significant momentum to this trend. Mathys AG Bettlach, a Switzerland-based company exclusively dedicated to the advancement, manufacturing, and distribution of products for artificial joint replacement, enhances Colfax's presence in the orthopedic and sports medicine sector. This strategic move opens up potential avenues for growth, particularly within the ACL reconstruction domain. The acquisition demonstrates the industry's commitment to continuous advancement and innovation, contributing to the overall evolution and progress of ACL reconstruction procedures.

Major companies operating in the acl reconstruction procedures market report are Arthrex Inc., Citieffe s.r.l, CONMED Corporation., DJO Global LLC, Tissue Regenix Group, Medtronic plc, Miach Orthopaedics, MEIRA Inc., Zimmer Biomet Holdings Inc., Smith & Nephew plc, Stryker Corporation, Johnson & Johnson Services Inc., RTI Surgical Holdings Inc., Mathys AG Bettlach + Mathys (Schweiz) GmbH, United Orthopedic Corporation, Acumed LLC, Biomet Inc., Cayenne Medical, Corin Group plc, Ceterix Orthopaedics, Cousin Biotech, OrthoSpace Ltd., B. Braun Melsungen AG, Imperial Surgical Ltd., Vivorte Inc., LifeNet Health, Moximed Inc., MeiraGTx Limited, ConforMIS Inc., Ossur.

North America was the largest region in the ACL reconstruction procedures market in 2023. The regions covered in the acl reconstruction procedures market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the acl reconstruction procedures market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of ACL reconstruction procedures are extra-articular and intra-articular. Extra-articular pertains to being situated or occurring outside a joint, and in the context of fractures, it refers to a fracture type where the fracture line does not extend into the joint. Various fixation types, including femoral and tibial fixation, are employed in these procedures. ACL reconstruction procedures find application in various healthcare settings, including hospitals, orthopedic clinics, and ambulatory surgical centers.

The ACL reconstruction procedures market research report provides ACL reconstruction procedures market statistics, including ACL reconstruction procedures industry global market size, regional shares, competitors with an ACL reconstruction procedures market share, detailed ACL reconstruction procedures market segments, market trends, and opportunities, and any further data you may need to thrive in the ACL reconstruction procedures industry. This ACL reconstruction procedures market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The ACL reconstruction procedures market includes revenues earned by entities through the provision of anterior cruciate ligament (ACL) reconstruction procedures and related procedures involved in the replacement or repair of a torn ACL caused by accidents, work injuries, or sports injuries. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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