Collagen Meniscus Implant Market – Insights
Collagen meniscus implant is designed to replace the irreparably damaged or missing portion of the meniscus in a meniscal injury. This implant is a biocompatible scaffold made of highly purified collagen, which is used to repair and reinforce a meniscus defect following partial meniscectomy or for irreparable meniscus tears.
A meniscal tear is one of the most commonly occurring cartilage injuries of the knee. Meniscus tears are common in people who play sports such as football and sports requiring jumping such as soccer and volleyball. Meniscus tears are a major risk for older athletes since the meniscus weakens with age.
The global collagen meniscus implant market size was valued at US$ 358.8 million in 2017 and is expected to witness a CAGR of 5.4% over the forecast period (2018 – 2026).
Global Collagen Meniscus Implant Market Value (US$ Mn) & Y-o-Y Growth (%)
Source: Coherent Market Insights Analysis (2018)
Increasing incidences of sports related injuries worldwide is expected to drive the collagen meniscus implant market revenue
Increasing number of sports injuries and rising geriatric population are major factors that are expected to drive growth of the collagen meniscus implant market over the forecast period. Increasing cases of bone fractures, trauma due to fall, and others require medical intervention, thereby, augmenting the need for sports medicine products. According to the National Institute of Health 2012 data, knee is the most commonly injured joint by young athletes with around 2.5 million sports-related injuries reported to emergency departments, annually in the U.S.
The number of meniscal lesions has increased significantly over the past few years due to greater participation in sports. Moreover, cartilage-like menisci can be found in osteoarthritis related to mechanical damage and aging. Individuals with a meniscal injury that is unrepairable may be at a higher risk of developing knee arthritis.
According to the American Journal of Sports Medicine 2014 study, the most common surgical intervention performed by orthopedic surgeons is for meniscal lesions. According to the same source, over one million surgical interventions involving meniscus are performed annually in the U.S. and around 400,000 in Europe.
Collagen Meniscus Implant Market: Restraints
Despite increasing number of surgeries, issues such as rate of weight bearing and range of motion exist during rehabilitation of a patient following meniscus repair surgery. Moreover, the collagen meniscus implant market is expected to witness sluggish growth over the forecast period due to product recalls. For instance, in 2018, the FDA recalled 155 collagen meniscus implant devices by Ivy Sports Medicine claiming that the recalled products were shipped without the required temperature control packaging.
Collagen Meniscus Implant Market: Regional Insights
On the basis of region, the global collagen meniscus implant market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America collagen meniscus implant market is expected to generate significant revenue share over the forecast period, owing to increasing number of meniscus surgeries being performed in the region. According to the National Center for Health Statistics 2017 report, meniscus surgery is the most frequent surgical procedure performed by orthopedic surgeons in the U.S., with over 50% of the procedures performed in patients 45 years of age or older.
Asia Pacific collagen meniscus implant market is expected to grow at highest CAGR, owing to rising number of sports-related knee injuries in the region. According to the Australian Institute of Health and Welfare’s (AIHW) report on Australian sport injury hospitalizations, 36,000 people in Australia aged 15 years and above were hospitalized in 2011-2012 due to sports-related injuries.
Global Collagen Meniscus Implant Market Share (%), By Region, 2017
Source: Coherent Market Insights Analysis (2018)
Key players operating in the global collagen meniscus implant market include Active Implants, Orthonika, RTI Surgical, Stryker Corporation, and Zimmer Biomet.
Collagen meniscus implant (also referred to as collagen scaffold) is used to fill meniscal defects occurred due to partial meniscectomy. It is used for the treatment of a failed meniscectomy or an irreparable meniscus tear that results in segmental loss of meniscal tissue. Collagen meniscus implant has the general shape of the human meniscus and is trimmed by the surgeon to match the size of the patient’s meniscal defect. It is inserted by utilizing a minimally invasive procedure and sutured in place to the native meniscus.
Increasing trend of sports activities and outdoor events among the young and old generation has increased the risk of knee injuries, with a higher prevalence among sports players. This in turn, is expected to fuel the collagen meniscus implant market revenue over the forecast period. Acute meniscal tears usually occur due to a traumatic, twisting motion of the knee, frequently during sports activities. Sports-related meniscal tears are often associated with anterior cruciate ligament (ACL) rupture. According to the National Institute of Health statistics, there were around 6,664,324 knee injuries reported in the U.S. from 1999 to 2008 and the number is expected to grow significantly by 2020.
However, patients face problems such as long-term movement and weight bearing following meniscus repair surgery, which is expected to hamper the global collagen meniscus implant market growth over the forecast period.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.
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