The global Collateral Ligament Stabilizer System Market size is expected to reach USD 2.36 billion by 2025, at a CAGR of 6.7% according to a new report by Grand View Research, Inc. An increase in the number of sports injuries and road accidents is expected to boost the adoption of Collateral Ligament Stabilizer System (CLSS). According to Stanford Children’s Health, around 3.5 million children aged 14 years and below are affected by some form of sport-related injury every year. This shows the potential demand for CLSS in the coming years.
Nearly one-third of all injuries affecting children
arise due to sport-related activities. Sports Medicine Australia also estimated
that 1 in 17 Australians suffer from sports trauma each year. According to the
Zurich American Insurance Company, 62% of the injuries related to organized
sports occur during practices. Thus, increasing sports-related injuries has
resulted in the high demand for collateral ligament stabilizer systems.
According to WHO, every year nearly 1.25 million
people die due to road accidents and about 20 to 50 million are injured. Thus,
the rise in the number of road accidents is anticipated to heighten the
adoption of CLSS.
Furthermore, the increasing geriatric population
across the globe is another major factor propelling the growth of the CLSS
market. According to a report published by the U.S. Census Bureau, Japan has
the highest percentage of the aging population in the world. In 2015, about
26.6% of the population in Japan was aged 65 years and over, which accounted
for nearly 33.7 million people.
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Ligament Stabilizer System Market Report
Collateral Ligament Stabilizer System
Market Report Highlights
- The
medial collateral ligament segment held the dominant share owing to the
increase in the number of medial collateral ligament trauma resulting from
sports or road accidents
- The
grade 2 injury segment is anticipated to grow at a lucrative CAGR due to
the increase in the number of grade 2 injuries and recommendations by
medical practitioners to use collateral ligament stabilizer systems in
such cases
- On
the basis of end use, orthopedic clinics held the largest share of the
collateral ligament stabilizer system market owing to the increase in the
establishment of specialty clinics and the growing preference of patients
for such clinics
- Asia
Pacific is anticipated to grow at a lucrative CAGR owing to the presence
of high untapped opportunities, rising prevalence of chronic conditions
such as osteoarthritis, and rise in the number of accident & trauma
cases
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