The increasing focus on sports medicine & sports-related
injuries and continuous technological advancements in sterilization
techniques are projected to drive the global tendon allograft
market's growth during the forecast period. The North America region is predicted to witness
prominent growth by 2032.
PORTLAND, Ore., May 13, 2024
/PRNewswire/ -- Allied Market Research has recently published a
report, titled, "Tendon Allograft Market Size, Share, Competitive
Landscape and Trend Analysis Report by Product Type, by End User:
Global Opportunity Analysis and Industry Forecast, 2023-2032."
According to the report, the global tendon allograft
market generated $26.5
billion in 2022, and is anticipated to generate
$42.7 billion by 2032, rising
at a CAGR of 5.2% from 2023 to 2032.
Request Sample of the Report on Tendon Allograft Market
Forecast -
https://www.alliedmarketresearch.com/request-sample/A322367
Prime Determinants of Growth
The rising prevalence of age-related conditions, such as tendon
degeneration and tear among the aging population and the rising
preference for minimally invasive procedures are the factors
expected to drive the growth of the global tendon allograft market
in the forecast period from 2023 to 2032. However, the high costs
and stringent regulatory requirements governing tissue donation,
processing, and transplantation may restrict market growth in the
coming future. On the contrary, ongoing advancements in tissue
processing and preservation technologies is expected to offer
remunerative opportunities for the expansion of the tendon
allograft market during the forecast period.
Report Coverage & Details:
Report
Coverage
|
Details
|
Forecast
Period
|
2023–2032
|
Base Year
|
2022
|
Market Size in
2022
|
$26.5
billion
|
Market Size in
2032
|
$42.7
billion
|
CAGR
|
5.2 %
|
No. of Pages in
Report
|
280
|
Segments
covered
|
Product Type, End User,
and Region
|
Drivers
|
Increasing focus on
sports medicine and sports-related injuries
Rising preference for
minimally invasive procedures
|
Opportunities
|
Technological
advancements
Increasing investments
in R&D
|
Restraints
|
High costs and
regulatory constraints
|
Want to Explore More, Connect to our
Analyst- https://www.alliedmarketresearch.com/connect-to-analyst/A322367
Type: Patellar Tendon Sub-segment to be the Most Dominant
During the Forecast Period
The patellar tendon sub-segment accounted for the largest global
tendon allograft market share of 38.4% in 2022 and is expected to
hold major share and rise at the highest CAGR of 5.8% during the
forecast period. The patellar tendon's strong and durable nature
makes it a preferred choice for anterior cruciate ligament (ACL)
reconstruction, providing stability and support like the native
ACL. Besides, favorable clinical outcomes associated with patellar
tendon allografts, including graft survival, stability, and patient
satisfaction, contribute to their growing acceptance among surgeons
and patients.
End User: Hospitals Sub-segment to Flourish Immensely During
the Forecast Period
The hospitals sub-segment held the largest market share of 56.4%
in 2022 and is predicted to continue to grow at the highest CAGR of
5.7% during the forecast period. Hospitals with specialized
orthopedic departments and experienced surgeons attract patients
seeking treatment for tendon injuries, fostering a reputation for
high-quality care and successful outcomes. In addition, Hospitals
often invest in state-of-the-art surgical equipment and
technologies to support minimally invasive procedures and advanced
tissue processing techniques, enhancing surgical precision and
driving demand for allograft tendons.
Region: North America Market to Hold Major Market Share by
2032
The North America tendon
allograft market accounted for the largest share of 33.3% in 2022
and is predicted to continue its dominance during the forecast
period. North America's high
prevalence of sports-related injuries drives demand for tendon
allografts in reconstructive surgeries, especially among athletes.
The region's commitment to medical innovation, with advancements in
tissue processing and surgical techniques, further boosts market
growth. Innovative technologies like minimally invasive procedures
and biologic augmentation improve surgical outcomes, contributing
to the expansion of the regional market.
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https://www.alliedmarketresearch.com/purchase-enquiry/A322367
Leading Players in the Tendon Allograft Market:
- Tissue Banks International
- Arthrex
- AlloSource
- MTF Biologics
- LifeNet Health
- Lattice Biologics Ltd.
- RTI Surgical
- Zimmer Biomet Holdings Inc.
- Aesculap
- Integra LifeSciences Corporation
The report provides a detailed analysis of the key players of
the global tendon allograft market. These players are employing
various strategies including launching new products, entering
collaborations, expanding operations, forming joint ventures, and
signing agreements, all aimed at boosting their market share and
securing their competitive position across different regions. The
report is valuable in highlighting business performance, operating
segments, product portfolio, and strategic moves of market players
to showcase the competitive scenario.
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