March 29, 2020

Collagen Meniscus Implant Market (5.3% CAGR) 2019 to 2027: Global Industry Size, Share, Growth, Trends, and Forecast

The latest market report published by Credence Research, Inc. Collagen Meniscus Implant Market – Growth, Future Prospects, and Competitive Analysis, 2019 – 2027 The market for collagen meniscus implant was estimated at US$ 308.6 million in 2018, with CAGR expected to grow by 5.3 per cent over the forecast period from 2019 to 2027.

Market Insights 

The global market for collagen meniscus implants has been steadily increasing from 2019 to 2027, accredited to increase hospital admissions for sports related knee injuries, osteoarthritis, joint overloading, accidents or trauma cases and others, along with an increasing number of menisectomy procedures. Upgraded bioabsorbable technology for meniscus implants will increase demand, e.g. CMI ® Type I, CMI ® XL implants–next generation and others. Increased acquisition strategies, new technology expansion and product launch will further drive global market growth.

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In November 2015, Ivy Sports Medicine (now Stryker) announced the first orthopedic implantation of its Collagen Meniscus implant in the United States. Increasing the prevalence of chronic and acute meniscus tears in the geriatric population will increase market growth. In the U.S., there are more than 60 cases of acute meniscal tears per 100,000 individuals. In addition, the rate of degenerative meniscal injury in the population older than 60 years is approximately 55-60 per cent. Approximately one million meniscus resection surgical procedures are performed annually in the U.S., which will drive market growth in the North American region. Recent studies and research have shown that Collagen Meniscus Implant (CMI) for medial meniscal substitution has improved clinical outcomes with higher safety.

Top manufacturing companies focused on the launch of novel products and approval of FDAs on a global scale, mainly in the U.S. and EU markets. The North American market contributed the maximum revenue from increasing prevalence of bone-related disorders, sports injuries (soccer, volleyball, basketball, and athletics), arthritis, joint instability due to knee injury, a large pool of geriatrics, and the home of key manufacturers in the U.S. market. Many global manufacturers are focusing on large-scale investment in the further launch of new equipment and tools used for meniscus implantation procedures.

Key Market Movements: 

• Globally, the collagen meniscus implant is growing at a CAGR of 5.3% for the period from 2019 to 2027
• Growth in the manufacturing of biocompatible and bioabsorbable materials with enhanced shelf life will increase the product penetration
• Increased health awareness related to osteoarthritis, sports injuries, fractures, and implantation procedures will drive the market growth. Asia Pacific region will grow at a significant pace owing to developments in healthcare infrastructure, enhanced technology expansion, rise in medical expenditure, and medical tourism.
• New product launch along with U.S FDA approval will drive the market growth globally
• Major players in this vertical are RTI Surgical, Active Implants, Orthonika, Stryker Corporation, Zimmer Biomet, Biofixt and others

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[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Report Scope by Segments

By Age Group Segment

 • Adults

 • Pediatrics

By End Use Segment

 • Hospitals

 • Orthopedic Clinics

 • Ambulatory Surgical Centers

By Geography Segment

  • North America (U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (Middle East & Africa, Latin America)

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