Market Trends of Ligament Stabilizer Industry
This section covers the major market trends shaping the Ligament Stabilizer Market according to our research experts:
Knee Braces and Supports Segment is Expected to Hold a Major Market Share in the Ligament Stabilizer
The adoption of knee braces and supports has been growing for repairing the damaged ligaments by surgeons due to challenges facing by surgeons in performing curative surgeries. Knee Braces and Supports helps surgeons to overcome the biomedical disadvantage of multiple ligament injuries by allowing them to reconstruct the ligament effectively.
According to the Center for disease control and prevention (CDC) by the year 2045, around 78 million people will suffer from doctor-diagnosed arthritis in the United States. Increasing prevalence of rheumatoid arthritis, joint disorders, and sports injuries are the key driving factors in the ligament stabilizer market.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America expected to hold a major market share in the global ligament stabilizer market due to a rise in the geriatric population and increasing cases of sports injuries in this region. According to the Centers for Disease Control and Prevention (CDC), in the year 2015, 15 million adults reported severe joint pain due to arthritis.
According to the Centers for Disease Control and Prevention (CDC), by the year 2040, an estimated 26% united states adults age over 18 years are projected to have doctor-diagnosed arthritis. Moreover, the rise in the adoption of advanced technologies in the orthopedics sector and the presence of well-established healthcare facilities is fueling the growth of the overall regional market to a large extent.
