Over the projected period, rising ACL and PCL operations annually around the globe are anticipated to fuel market expansion for ACL and PCL reconstruction devices. For instance, the National Centre for Biotechnology Information reported that about 1 in 3,500 Americans get an ACL injury each year in the United States. Over the course of the projected period, an increase in new releases and approvals is anticipated to fuel market expansion. For instance, post-operative knee braces, which are typically worn after orthopaedic surgery such as tendon or meniscus repairs, ACL/PCL/MCL reconstruction, or fixing fractured knees, were added by Zynex, Inc. in January 2022. Electrotherapy devices are made and sold by Zynex, Inc., a company that manufactures medical equipment. Key market companies are concentrating on getting their products approved by regulatory bodies, and this is anticipated to fuel market expansion throughout the forecast period.
According to Coherent Market Insights, It is estimated that by 2030, the market for Devices To Restore The Anterior Cruciate Ligament (ACL) and posterior cruciate ligament (PCL) will have grown to US$10,952 million.
Prominent Companies in the Anterior Cruciate Ligament and Posterior Cruciate Ligament Reconstruction Devices Industry:
1. Miach Orthopaedics
The company was started in 2016 and has its headquarters Boston, Massachusetts, United States. A medical device business called Miach Orthopaedics creates bio-engineered surgical implants to encourage the creation of new tissue. For the treatment of anterior cruciate ligament (ACL) rupture, Miach Orthopaedics, Inc. made the BEAR implant commercially available in a few U.S. cities in December 2021.
2. Arthrex
The business was founded in 1981 and has its main office in Florida, United States. In addition to developing surgical solutions, engineering goods, and educational services, the company provides training services in the fields of knee, shoulder, hip, hand, and wrist arthroscopy. As soon as the U.S. Food and Drug Administration gave its approval, Arthex released the SwiveLock ACL repair kit in December 2020. BunionPain.com was launched by Arthrex in December 2022 to inform patients about bunion treatment options.
3. Smith & Nephew
The firm was founded in 1856 and is located in Watford, EnglandSmith & Nephew plc manufactures and markets state-of-the-art medical gear. The Group focuses on advanced wound management, orthopaedics, and endoscopy. Smith & Nephew paid $135 million for Engage Surgical, a Florida-based provider of partial knee implants, in January 2022. For $240 million, the business of extremities orthopaedics from Integra LifeSciences was purchased by the company in January 2021.
4. Zimmer Biomet
The business was founded in 1927 and has its main office in Indiana, United States. The orthopaedics items that Zimmer develops, creates, produces, and sells. In January 2023, the company stated that it wanted to pay $155 million to acquire Embody, Inc. New data illustrating the clinical advantages of mymobility® with Apple Watch® was presented by Zimmer Biomet at AAOS 2021 in August 2021.
5. LifeNet Health
The firm was founded in 1982 and is based in Virginia Beach, Virginia. LifeNet Health is a nonprofit corporation. The organisation offers allograft bio-implants, organ donation, and transplantation, bereavement, and grief support services. LifeNet Health will introduce FlexiGraft QuadLink, the only pre-sutured quadriceps tendons for ACL restoration, in August 2021 as one of its featured solutions.
6. Medtronic Plc
The corporation was founded in 1949, and Dublin, Ireland serves as its corporate headquarters. The company sells respiratory monitoring systems, medical supplies, surgical equipment, tools, and other items. The business announced in January 2020 that it intended to acquire Stimgenics, LLC and their primary treatment, differential target multiplexed spinal cord stimulation. In April 2022, the business declared that it would collaborate with GE Healthcare to support the demand for care at ambulatory surgery facilities.
7. Stryker
The company was started in 1941 and has its headquarters in Michigan, United States. Specialised surgical and healthcare products are created, manufactured, and sold by the company. The corporation announced in January 2022 that it will purchase Vocera Communications, a digital care company, for for $3 billion. Stryker announced in January 2021 that it will buy OrthoSensor, Inc., a joint replacement technology company.
*Definition: An operation to replace torn ligaments is known as anterior cruciate ligament (ACL) and posterior cruciate ligament (PCL) reconstruction, which aims to stabilise the knee joint. The tibia and femur are joined by two strong bands of tissue called the ACL and PCL in the centre of the knee, which prevents the two important bones from sliding or pivoting out of control.
