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| Global Collagen Meniscus Implant Market Size |
Collagen meniscus implants are medical devices used during knee surgery to repair
torn meniscus. They provide an alternative treatment to traditional partial
meniscectomy surgery, offering pain relief and cartilage protection. The
implants are derived from bovine or porcine collagen and integrated into the
knee joint to act as a replacement for the damaged meniscus tissue.
The global
Collagen Meniscus Implant Market is estimated to be valued at US$ 40 Million in 2023 and is expected
to exhibit a CAGR of 11% over the
forecast period 2024 to 2031, as highlighted in a new report published by
Coherent Market Insights.
Market key trends: The high demand for cost-effective knee repair solutions has
emerged as a key trend driving the collagen meniscus implant market growth.
Traditional partial meniscectomy surgery requires longer recovery time and
offers temporary relief. In contrast, collagen meniscus implants provide a
minimally invasive treatment option that facilitates faster recovery and
protects the integrity of knee cartilage from further damage. Their clinical
efficacy in reducing pain and improving knee function comparable to complex
surgical procedures but at a lower cost has increased their adoption among
healthcare providers and patients. This rising demand for affordable
regenerative treatment alternatives is expected to propel the collagen meniscus
implant market expansion over the forecast period.
Segment
Analysis
The global collagen meniscus implant market is dominated by the collage type
segment. Within the collage type segment, the collagen type I segment holds the
dominant market share. Collagen type I is extensively used for meniscus
implants due to its molecular structure and biomechanical properties similar to
that of native human meniscus.
Key Takeaways
Global
Collagen Meniscus Implant Market Size is expected to witness high
growth over the forecast period of 2024 to 2031.
Regional analysis: North America region currently dominates the collagen
meniscus implant market. This is due to factors such as rising geriatric
population, growing number of knee surgeries, and presence of key players in
countries like the US. However, Asia Pacific region is expected to witness
fastest growth rate over the forecast period due to increasing healthcare
investments, rising medical tourism, growing awareness regarding meniscus
injuries, and improving economic conditions in many countries of the region.
Key players operating in the collagen meniscus implant market are Zimmer
Biomet, Stryker Corporation, RTI Surgical, and Limenis. Zimmer Biomet holds the
leading market share in the meniscus implants segment. The company offers
meniscal allografts which are used in knee repair surgeries.
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