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Global Collagen Meniscus Implant Market

Dec. 1, 2019

Global Collagen Meniscus Implant Market, By Age group (Adults, Pediatrics), By End User (Orthopedic Clinics, Ambulatory Surgical Centers, and Hospitals), By Region (North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa) - Global Forecast, 2020-2025.

Report Code :FMR285      
Industry : Medical Devices
Pages :205 Pages
Format :   PPT Format   PDF Format

The global collagen meniscus implant market was valued at US$ xx million in the year 2019. This market is estimated to be valued at US$ xx million in the year 2020 and is expected to reach US$ xx million by the year 2025, with an estimated CAGR of 4.9% during the forecast period (2020-2025). Rising demand for specialist orthopedic clinics for the treatment of meniscus in developing and developed regions is expected to fuel the growth of the collagen meniscus implant market. For example, in Japan, about 35,000 meniscus surgeries are conducted annually, according to a study published in the 2018 Journal of Orthopedic Science. Hence, the above-mentioned factor is expected to drive the market growth for collagen meniscus implants.

Table 1. Global Collagen Meniscus Implant Market Synopsis

Parameters

Description

Market Value (US$ Mn) for the Period

2018-2025

Base Year

2019

Forecast Period

2020-2025

Market Segmentation (By Age group)

Adults, Pediatrics

Market Segmentation (By End User)

Orthopedic Clinics, Ambulatory Surgical Centers, and Hospitals

Regions Covered

North America, Latin America, Europe, Asia-Pacific, Middle East & Africa

Key Players Coverage

RTI Surgical Holdings, Inc., Stryker Corporation, Zimmer Biomet Holdings, Inc., pacific Medical In., Orthonika, Active Implants LLC, and Biofixt., Active Implants and among others

Key Insights

  • Latest Updates
  • Analyst Views
  • Future Outlook of the Market

Market Dynamics

Collagen meniscus implants are biodegradable and biocompatible scaffolds, made of type 1 collagen designed to be used in all age ranges to repair the meniscus defects and accidents. Soaring meniscectomy (knee surgery for senior citizens) procedures imply that the growing geriatric population having symptoms of joint overload and osteoarthritis is expected to boost the market growth. More than one million surgical meniscectomy operations are conducted annually every year since 2013, in the U.S. according to NCBI.

Figure 1. PORTER’S Analysis

 

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

North America is expected to have the largest market share in collagen meniscus implant during the forecast period owing to the increasing numbers of meniscus surgeries in the region. Every 60 cases per 100,000 people suffer from acute meniscal in the U.S. Moreover, the 55-60% population above 60 years of age suffer from degenerative meniscal disease every year in the U.S. as per NCBI. The Asia-Pacific market for collagen meniscus implants, which includes countries such as China, India, and Japan, is projected to expand rapidly during the forecast period due to increase in geriatric population suffering from knee-joint disorders in those countries.

Figure 2. Regional Analysis

 

Note: Above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

Competitive Landscape

The major players in global collagen meniscus implant market include: RTI Surgical Holdings, Inc., Stryker Corporation, Zimmer Biomet Holdings, Inc., pacific Medical In., Orthonika, Active Implants LLC, and Biofixt, and Active Implants, among others.

Major players in the market are focused on mergers and acquisitions, and expansion of facilities globally. For instance, in September 2019, Active implants, received the FDA's breakthrough product award for its NUsurface meniscus implant, the first of its kind to be sold in Europe, and the first artificial meniscus in the US, if approved by the FDA.

Figure 3. Market Share of Key Players, 2019

 

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

By Age group

  • Adults
  • Pediatrics

By End User

  • Orthopedic Clinics
  • Ambulatory Surgical Centers
  • Hospitals

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
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Note: This report provides an in-depth analysis of the global collagen meniscus implant market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.

  • What are the trends adopted by key players in the global collagen meniscus implant market?
  • What key factors are expected to increase the demand for the collagen meniscus implant market during the forecast period 2020-2025?
  • What are the major challenges inhibiting the growth of the global collagen meniscus implant market?
  • What is the total market value (US$ Mn) generated in the global collagen meniscus implant market by age group in 2019 and what are the forecasts by 2025?
  • Which end-user is expected to dominate the collagen meniscus implant market in the coming years?
  • What was the total revenue generated by the global collagen meniscus implant market across different regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) in 2019, along with CAGR (%) for the period (2020-2025)?
  • Who are the key players contributing to the growth of the global collagen meniscus implant market, and what are the new strategies adopted by them to retain a market share in the industry?
  • What is the competitive strength of the key players in the collagen meniscus implant market?
  • What are the major outcomes derived from Porter’s five forces?
  • What new products are going to be approved or launched in the coming years which may have a huge impact on the market?
  • What insights are derived through the analysis of key players on the following parameters: company overview, financial performance, product portfolio, geographical presence, key highlights, and strategies?

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