Dublin, Jan. 29, 2024 (GLOBE NEWSWIRE) -- The "ACL Reconstruction Procedures Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
Global industry analysis reveals an upward trajectory for the ACL Reconstruction Procedures Market, a sector experiencing robust expansion. Recent data underscores the market's vigorous growth, with a leap from $6.89 billion in 2023 to a projected $7.4 billion in 2024, marking a significant compound annual growth rate (CAGR) of 7.5%. The historical growth is linked to the swelling of industries that utilize ACL reconstruction procedures and the surging number of related surgeries.
Looking ahead, the market is forecasted to reach new heights, estimated at $9.58 billion by the year 2028, advancing at a CAGR of 6.7%. Key factors propelling this growth include infrastructure modernization, the embrace of sustainable practices, and the increased preference for compact ACL reconstruction equipment. Emerging trends in the market signal the adoption of eco-friendly and technologically advanced products, illustrating a shift toward efficiency and innovation.
Key Drivers of Market Growth
The notable rise in sports-related injuries presents a significant stimulant for the ACL reconstruction procedures market. Sporting events, often synonymous with an array of potential acute and chronic health risks, trigger an uptick in demand for restorative surgical procedures such as ACL reconstruction. In-depth studies, like those from respected medical associations, highlight an alarming increase in such injuries, especially among young athletes, which forecasts an ongoing elevating demand in this sector.
An aging global population is also a contributing factor to the market's growth, with the demographic exhibiting a stronger inclination towards knee-related procedures, including ACL reconstruction. Reports illustrate a marginal rise in median age across populations, corroborating the surge in demand for these indispensable medical services.
Product innovation within the ACL reconstruction sector is becoming more prevalent, as seen in the launch of pioneering techniques by prominent companies seeking to refine and revolutionize knee reconstruction procedures. These introductions demonstrate the market's focus on advancing products to cater to the evolving needs of the healthcare field.
Key Market Participants
Market leaders and innovative enterprises are contributing to the dynamism of the ACL reconstruction procedures landscape. Among them are companies whose strategic expansions and novel product offerings play a critical role in shaping the market's future.
Geographic Insights
North America reigns as the market's largest contributor, evidencing the region's pioneering stance in the ACL reconstruction sector. Other significant markets around the globe span across Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa, encompassing developed and emerging economies alike.
The ACL reconstruction procedures market segments into different types, including extra-articular and intra-articular procedures, alongside various fixation approaches. The market witnesses application across diverse healthcare infrastructures, from full-scale hospitals to specialized orthopedic clinics and ambulatory surgical centers.
The latest research publication offers a comprehensive appraisal of the ACL reconstruction procedures market globally. The report encompasses an extensive range of market metrics—from forecasted growth rates and regional market shares to competitive analyses. It presents an exhaustive overview of the current market scenario, future predictions, and captures crucial trends, all of which are vital in navigating the landscape of ACL reconstruction procedures.
Entities partaking in and related to the ACL reconstruction procedures market can expect to leverage valuable insights from this meticulous research, which aims to offer a profound understanding of the ACL reconstruction services and product landscape. This analysis provides a critical resource for industry participants looking to gauge market potential and strategize accordingly.
A selection of companies mentioned in this report includes
- 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
For more information about this report visit https://www.researchandmarkets.com/r/3gjvcf
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