Collateral Ligament Stabilizers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Collateral Ligament Stabilizers Market Analysis

The collateral ligament stabilizers market is expected to register a CAGR of 6.1% during the forecast period.

At the beginning of the COVID-19 pandemic, the studied market was hampered, followed by the cancellation of medical visits and disease diagnoses. This resulted in delays in orthopedic procedures during the initial phases of the pandemic. In addition, there was a decrease in sports activities due to the closure of sporting grounds and fitness centers, owing to the widespread advice to avoid human interaction to reduce the spread of coronavirus. Thus, sports participation decreased during the pandemic. For instance, according to an article published in the BMJ Open Sport and Exercise Medicine Journal in March 2022, a dramatic decrease in sports participation was seen during the pandemic phase, and sports participation decreased by up to 15% per month in the total population aged 5 to 80 years of age. As collateral ligament injury is a common injury among athletes, the decrease in sports activities disrupted the demand and supply of collateral ligament stabilizers during the pandemic phase. However, as the situation worldwide has normalized and all the sports activities have been operating at a normal pace, the market has reached its pre-pandemic level growth and is expected to continue the trend over the forecast period.

Factors such as the increasing number of joint disorders, increasing road accidents and sports-related injuries, and a rise in the geriatric population are expected to fuel the market growth over the forecast period.

Physicians often suggest using collateral ligament stabilizer (CLS) systems, such as specific braces, to treat muscular or joint diseases that cause pain. Individual differences in pain include intense pain, shocking pain, and pain that worsens with movement. Hence, the use of CLS provides relief to patients with orthopedic conditions, especially patients recovering from injury-related surgeries. In addition, ligament injuries are more common in people engaged in sports activities. As per the data updated by the American Academy of Orthopaedic Surgeons (AAOS) in January 2021, collateral ligament damage is common damage among the sports group, and knee bracing stabilizer systems are more commonly prescribed to athletes for treatment. Thus, the burden of collateral ligament injuries among sports persons is anticipated to increase injury-related surgeries and treatments, further creating new opportunities for collateral ligament stabilizers. This is expected to contribute to the overall market growth.

Furthermore, the increase in the geriatric population is expected to be a major contributor to the studied market. According to World Health Organization (WHO) data published in October 2021, between 2015 and 2050, the proportion of the world's population over 60 years is predicted to nearly double from 12% to 22%. By 2050, 80% of older people will live in low- and middle-income countries. This target population is more prone to getting age-related joint disorders and fractures due to falls requiring surgeries for treatment. Thus, it is expected to generate demand for CLS systems such as braces for pain relief. Hence, it is expected to drive market growth over the forecast period.

However, the lack of awareness regarding collateral ligament stabilizers and the high cost of knee replacement and knee surgeries is predicted to hinder the market's growth.

Collateral Ligament Stabilizers Market Trends

This section covers the major market trends shaping the Collateral Ligament Stabilizers Market according to our research experts:

Medial Collateral Ligament Stabilizers are Expected to Have Significant Growth Rate over the Forecast period

Collateral Ligament Stabilizers Industry Segmentation

As per the scope of the report, collateral ligament stabilizers are used for stabilizing torn or injured collateral ligaments. The Collateral Ligament Stabilizers Market is Segmented by Product (Lateral Collateral Ligament and Medial Collateral Ligament), Injury (Grade I, Grade II, and Grade III), End User (Hospitals, Orthopedic Clinics, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.