The most recent study conducted by Report Ocean, titled “Global ACL Reconstruction Procedures Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the ACL Reconstruction Procedures . The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global ACL Reconstruction Procedures Market is valued approximately $ billion in 2020 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2021-2027. ACL (Anterior cruciate ligament) is the most common type of injury in which the person suffers from a teared ligament. ACL reconstruction refers to a procedure in which the largest knee ligament is replaced generally performed by two methods, surgical and nonsurgical. Rising cases of sports injury such as football, basketball, downhill skiing, soccer, gymnastics and similar activities serves as a key driver for the market. According to a report, approximately 70% to 84% of ACL injuries are caused by a non-contact mechanism, such as a rapid deceleration, in a sports setting.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
According to Collins 2013, it has been calculated that around 80,000 to 100,000 people in the U.S. experience ACL reconstruction every year. Increasing number of children participating in different sports activities is likely to result into increased number of ACL injuries which will boost the market. Launch and addition of latest methods and devices are several factors contributing to the growth of the global ACL Reconstruction Market.
For instance, Amplitude Surgical commercially introduced ACLip in 2017, and is an innovation for ACL Reconstruction. However, high procedure cost impedes the growth of the market over the forecast period of 2021-2027. Also, increasing old age population with knee issues is likely to increase the market growth during the forecast period.
The regional analysis of global ACL Reconstruction Procedures Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to presence of key market players in the region and increased surgical reconstruction carried out for fractured ACL in the knee. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as rise in geriatric population in the region and increasing focus on sports activities would create lucrative growth prospects for the ACL Reconstruction Procedures Market across Asia-Pacific region.
Major market player included in this report are:
DePuy Synthes
Stryker Corporation
Arthrex Inc
United Orthopedic Corporation
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DJO Global
Exactech Inc.
Tornier Inc.
Japan Medical Dynamic Marketing
Smith & Nephew
Corin
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Graft Fixation:
Graft Fixation
Autograft
Allograft
By Fixation Type:
Femoral
Tibial
By End-User:
Hospitals,
Orthopaedic Clinics,
Ambulatory Surgical Centres
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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