Biosynthetic collagen is the fastest growing segment fueling the growth of the Collagen Meniscus Implant Market

 


 The global Collagen Meniscus Implant Market is estimated to be valued at US$ 470.7 Mn in 2023 and is expected to exhibit a CAGR of 4.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:

Collagen meniscus implants are medical devices used to repair tears or defects in the meniscus cartilage of the knee. They are made from highly purified collagen and mimics the mechanical properties and biological structure of natural meniscus. The biosynthetic collagen-based implants offers advantages such as better biocompatibility, absorption into the body and regenerative ability compared to allograft and synthetic scaffolds.

Market key trends:

Growing use of biosynthetic collagen in implants is one of the major trends witnessed in the market. Biosynthetic collagen is bioengineered using bovine or recombinant collagen and offer benefits of natural collagen without concerns regarding disease transmission or immune reactions. It provides enhanced biocompatibility and promotes regeneration of injured meniscal tissues. Many companies are focusing on development of innovative implants derived from biosynthetic collagen to meet the increasing demand.

Segment Analysis

The Global Collagen Meniscus Implant Market Size is segmented based on application into medial meniscus and lateral meniscus. The medial meniscus segment dominates the market due to the high incidence rate of injuries in the medial meniscus. Around 75% of all meniscal tears occur in the medial meniscus making it the largest segment.

Key Takeaways

The global collagen meniscus implant market is expected to witness high growth, exhibiting a CAGR of 4.4% over the forecast period, due to the increasing rate of sports injuries and road accidents.

Regional analysis

North America dominates the global market and is expected to grow at a high rate owing to the rising sports injuries in the region and increasing reimbursement coverage for knee surgeries. The Asia Pacific region is anticipated to be the fastest-growing market due to growing healthcare infrastructure and rising medical tourism in China and India.

Key players
Key players operating in the collagen meniscus implant market are Active Implants, Stryker, RTI Surgical, CONMED, Zimmer Biomet, Smith & Nephew, Arthrex, Biofixt, Ossur, MiMedx, and Bioventus. Active Implants dominates the market with its innovative product ACTIVE Implant® Meniscus Scaffold.

For More Insights, Read- https://www.newsstatix.com/collagen-meniscus-implant-market-size-share-analysis-2023-2030/

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