Collagen Meniscus Implant Market Size and Trends

Collagen Meniscus Implant Market, by Age Group (Pediatric and Adult), by End User (Hospitals, Clinics, and Ambulatory Surgical Center), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Published In : Dec 2019

Code : CMI2229

Pages :121

Formats :

Excel and PDF

Industry : Medical Devices

Collagen Meniscus Implant MarketSize and Trends

The global collagen meniscus implant market is estimated to be valued at US$ 389.5 million in 2019, and is expected to exhibit a CAGR of 4.7% during the forecast period (2019–2027).

Rising geriatric population and increasing incidence of sports injuries are major factors that are expected to drive growth of the collagen meniscus implant market over the forecast period. For instance, according to the Eurostat 2019 report, in 2018, nearly one fifth (19%) of the EU population of are of age 65 and above. Furthermore, according to the IDB definitions of sports, Summary of injury statistics for the years 2012-2014, in EU, annually 4.5 million people in the age group of 15 and above are treated in hospitals for sports injury.

Increasing incidence of sport injuries is expected to drive global collagen meniscus implant market growth over the forecast period

Increasing demand for specialized orthopedic clinics for the treatment of meniscus tear in emerging and developed regions is expected to drive growth of the collagen meniscus implant market during the forecast period. For instance, according to a report published in the Journal of Orthopedic Science in 2018, around 35,000 meniscus surgeries are performed in Japan annually.