Collagen Meniscus Implant Market to Surpass US$ 565 Million by 2026

Published On : Oct 22, 2018

The Global Collagen Meniscus Implant Market, by Age Group (Pediatric and Adult), by End User (Hospitals, Clinics, and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 358.8 million in 2017 and is projected to exhibit a CAGR of 5.4% over the forecast period (2018 - 2026), as highlighted in a new report published by Coherent Market Insights.

Meniscal tears are common orthopedic injuries, affecting patients of various ages and activity levels. Collagen meniscus implant is a proven safe and viable treatment for both acute and chronic meniscus injuries. Collagen meniscus implants are provided as a semi-lunar shaped device with a triangular cross-section. It has been successfully used in patients of all age groups. Meniscal injuries have also been associated with long-term dysfunction, degenerative joint changes, and osteoarthritis of the knee. Meniscal replacement with collagen meniscus implant is indicated for patients with advanced loss of or damage to meniscal tissue with more than 25%.

Meniscal repair, with sutures or implants, and meniscal replacement, with meniscal scaffolds or allografts, is carried out to preserve the meniscus and ensure long term survival of the knee joint. According to a study published by the American Journal of Sports Medicine in 2012, meniscal substitution with the collagen meniscus implant provides significant pain relief and functional improvement.

Manufacturers in the collagen meniscus implant market focus on developing new products and strategic mergers & acquisitions, in order to gain significant market share. For instance, in 2016, Stryker acquired New Jersey-based Ivy Sports Medicine, a company that develops minimally invasive meniscal repair solutions, for an undisclosed amount. In 2015, Ivy Sports Medicine announced the first U.S. implantation of its Collagen Meniscus Implant (CMI). The CMI is a collagen matrix designed to induce vascular ingrowth. It is bioresorbable, with most of the scaffold resorbed over 12–18 months.

Browse 26 Market Data Tables and 21 Figures spread through 159 Pages and in-depth TOC on "Collagen Meniscus Implant Market, by Age Group (Pediatric and Adult), by End-user (Hospitals, Clinics, and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2026"

To know the latest trends and insights related to collagen meniscus implant market, click the link below:

https://www.coherentmarketinsights.com/market-insight/collagen-meniscus-implant-market-2229

Key Takeaways of the Collagen Meniscus Implant Market:

  • The global collagen meniscus implant market is expected to expand at a CAGR of 5.4% during the forecast period (2018–2026), owing to rising incidences of sports-related knee injuries. According to the Journal of Sports Medicine 2010 report, the mean annual incidence of meniscal tears is around 60-70 per 100,000, globally
  • Among age group, the adult segment is expected to generate significant revenue in 2018 due to increasing number of adults and geriatric patients suffering from sports-related injuries, as compared to pediatrics
  • Asia Pacific collagen meniscus implant market is expected to grow at highest CAGR during the forecast period, owing to increasing number of sports-related knee injuries in the region
  • Major players operating in the global collagen meniscus implant market include Active Implants, Orthonika, RTI Surgical, Stryker Corporation, and Zimmer Biomet

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