ANTERIOR CRUCIATE LIGAMENT AND POSTERIOR CRUCIATE LIGAMENT RECONSTRUCTION DEVICES MARKET ANALYSIS

Market Challenges And Opportunities

Increasing ACL and PCL surgeries every year worldwide is expected to drive growth of the global ACL and PCL reconstruction devices market over the forecast period.

Increasing product launches and approvals are expected to drive the market growth over the forecast period.

Global ACL/PCL Reconstruction Devices Market – Impact of Coronavirus (COVID-19) Pandemic

The coronavirus (COVID-19) outbreak was first reported on December 31, 2019, in Wuhan, China. The World Health Organization declared COVID-19 a pandemic on March 11, 2020. According to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 518 million cases of coronavirus disease (COVID-19) were reported till  May 15, 2022, across the globe.

At the inception of covid-19, company’s revenue was impacted and it decreased due to worldwide lockdown. However, in first quarter of 2021 companies endured positivity in revenues due to signs of pandemic began to reduce across many regions by acceleration of vaccine rollout.

For instance, the net sales of Zimmer Biomet Holding, Inc. in the second quarter of 2020 witnessed a decrease of 38.3% from the prior year period.

Moreover, in the second quarter of 2021 Zimmer Biomet Holding, Inc. experienced increase in net sales 65.3% over the prior year period.