The global Collateral Ligament Stabilizer System Market size is expected to value at USD 2.36 billion by 2025. The market is subject to witness a substantial growth due to the rise in geriatric population across the globe and constant demand of collateral ligament stabilizer systems (CLSS) from sports & fitness industry. Increase in number cases of sport-related trauma is predicted to boost demand of the collateral ligament stabilizer systems (CLSS) in the sports & fitness industry in upcoming years.
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Key Players:
The key players in the collateral
ligament stabilizer system industry are Ossur hf., DJO Global, Inc.,
DePuySynthes Company, Bauerfeind AG, and DeRoyal Industries Incorporations.
Growth Drivers:
Critical injuries occurred during
exercises or sporting events such as muscle sprains, ligament tear, trauma,
dislocated shoulder-joints, and fracture are further propelling demand of the
collateral ligament stabilizer systems (CLSS) in recent years. Globally, the
collateral ligament stabilizer system industry is predicted to grow at CAGR of
6.7% in forecast period, providing numerous opportunities for market players to
invest for research and development in the market.
Growing concerns regarding
prevalence of the chronic disorder among elderly population, which is expected
to grow in coming years as well, is responsible for driving high-end demand of
the collateral ligament stabilizer systems (CLSS). Similarly, increasing
occurrence of arthritis and joint disorders among geriatric population due to
weakness in knee ligaments with growing age, thus becoming prone to injuries.
Such factors are anticipated to fuel growth of the collateral ligament
stabilizer system market in coming years.
Rise in the road accidents is one
of the primary cause of the injuries related to muscle sprains, ligament tear,
and ligament trauma, thus attributing to the growth of the collateral ligament
stabilizer system industry. As per recent report presented by World Health
Organization (WHO), each year as many as ten million people are either injured
or permanent disabled because of the road accidents. Collateral ligament
stabilizer systems (CLSS) are excellent as knee braces or support to relive
pain in joints.
The medial collateral ligament
(MCL) is one of the fastest growing segment in the collateral ligament
stabilizer systems (CLSS) market with a higher revenue generation in the last
couple of years. Substantial investment by leading industry players in the
market las led to the development of innovative products, thus accelerating
competition in the market. Rise in the incidences related to injury of the
medial collateral ligament (MCL) in athletes, majorly due to factor such as
rapid changes in speed and direction, and a strong force is applied onto the
knee, causing to stretch and tear.
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