The global Collateral Ligament Stabilizer System Market size is expected to value at USD 2.36 billion by 2025. The market is subject to witness substantial growth due to the rise in the geriatric population across the globe and the constant demand for collateral ligament stabilizer systems (CLSS) from the sports & fitness industry. An increase in the number of cases of sport-related trauma is predicted to boost the demand for the collateral ligament stabilizer systems (CLSS) in the sports & fitness industry in upcoming years.
Critical injuries that occurred during exercises or sporting events such as muscle sprains, ligament tear, trauma, dislocated shoulder joints, and fractures are further propelling the demand of the collateral ligament stabilizer systems (CLSS) in recent years. Globally, the collateral ligament stabilizer system industry is predicted to grow at a CAGR of 6.7% in the forecast period, providing numerous opportunities for market players to invest in research and development in the market.
Growing concerns regarding the prevalence of the chronic disorder among the elderly population, which is expected to grow in coming years as well, are responsible for driving high-end demand of the collateral ligament stabilizer systems (CLSS). Similarly, increasing occurrence of arthritis and joint disorders among the geriatric population due to weakness in knee ligaments with growing age, thus becoming prone to injuries. Such factors are anticipated to fuel the growth of the collateral ligament stabilizer system market in coming years.
The rise in road accidents is one of the primary causes of injuries related to muscle sprains, ligament tears, and ligament trauma, thus attributing to the growth of the collateral ligament stabilizer system industry. As per a recent report presented by World Health Organization (WHO), each year as many as ten million people are either injured or permanently disabled because of road accidents. Collateral ligament stabilizer systems (CLSS) are excellent as knee braces or support to relieve pain in joints.
The medial collateral ligament (MCL) is one of the fastest-growing segments in the collateral ligament stabilizer systems (CLSS) market with a higher revenue generation in the last couple of years. Substantial investment by leading industry players in the market has led to the development of innovative products, thus accelerating competition in the market. Rise in the incidences related to injury of the medial collateral ligament (MCL) in athletes, majorly due to factors such as rapid changes in speed and direction, and a strong force is applied onto the knee, causing to stretch and tear.
The medial collateral ligament (MCL) segment is expected to witness tremendous growth in upcoming years due to the rise in the number of these medial collateral ligament (MCL) injuries. Similarly, the lateral collateral ligament (LCL) segment is anticipated to display sustained growth in the coming years. The increasing popularity of lateral collateral ligament (LCL) stabilizers is credited to increased applications in personal care devices, sports injuries, and emergency medical devices. Advantages associated with lateral collateral ligament (LCL) include high comfort level and favorable compensation policies. Such advantages are further propelling the demand for lateral collateral ligament (LCL) stabilizers in the coming years.
The collateral ligament stabilizer system industry is divided into regional market segments such as North America, Europe, Asia-Pacific, Latin America, and Africa. North America has shown major growth in recent years owing to growing cases of sports injuries in the region coupled with the rise in the adoption of the latest technologies in the healthcare sector and the existence of well-established medical facilities. Asia-Pacific region is predicted to hold a major market share in the collateral ligament stabilizer system market with massive growth in the forecast period.
Countries such as India, China, and Japan are leading the Asia-Pacific market with rising in the incidences related to chronic disorders such as osteoarthritis, increase rise in the number of severe accident and trauma cases, and substantial investment by industry leaders in the region considering potential opportunities in the region. The key players in the collateral ligament stabilizer system industry are Ossur hf., DJO Global, Inc., DePuySynthes Company, Bauerfeind AG, and DeRoyal Industries Incorporations.
Market Segment:
Collateral Ligament Stabilizer System Ligament Outlook (Revenue, USD Million, 2014 - 2025)
• Medial Collateral Ligament (MCL)
• Lateral Collateral Ligament (LCL)
Collateral Ligament Stabilizer System Injury Type Outlook (Revenue, USD Million, 2014 - 2025)
• Grade 1
• Grade 2
• Grade 3
Collateral Ligament Stabilizer System End-use Outlook (Revenue, USD Million, 2014 - 2025)
• Hospitals
• Orthopedic Clinics
• Others
Collateral Ligament Stabilizer System Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• the U.S.
• Canada
• Europe
• the UK
• Germany
• the Asia Pacific
• Japan
• China
• India
• Latin America
• Brazil
• Mexico
• MEA
• South Africa
Research Support Specialist, USA