Collagen meniscus implant market to exhibit dynamic growth during the forecast period 

The global collagen meniscus implant (CMI) market is witnessing steady growth, expected to grow at a CAGR of 5.3%. Globally, the increasing commonness of arthritis, sports injury, and numerous bone disorders will drive the overall market growth. Collagen meniscus implants are completely absorbable implant and biological, made from purified collagen. It is specifically designed to facilitate the growth of new tissue. For e.g. Stryker Collagen Meniscus Implant (CMI®). Collagen meniscus implants deliver enhanced mobility and functioning to different age groups including pediatrics, and adults. Globally, increasing hospital admissions due to knee fractures, road accidents, sports injury, and bone infection along with meniscus replacement procedures are major factors driving the overall growth of the collagen meniscus implants market. 

Sports related injuries in adults expected to register higher growth by the end of 2030

According to the American Journal of Sports Medicine, around 1 million orthopedic intervention procedures comprising meniscus are executed annually in the United States and more than 400,000 procedures in Europe region. Collagen meniscus implant is a viable and safe treatment procedure for both chronic and acute meniscus injuries. Meniscus related injuries have also been associated with degenerative joint changes, long-term dysfunction, and osteoarthritis of the knee. Collagen meniscus implants are biocompatible scaffolds and biological, consisting of type 1 collagen (absorbable) proposed to be used for restoration of the meniscus tissue defects and injuries in adults and as well as pediatrics. 

Ambulatory surgical centers segment to witness a significant CAGR 

According to STANFORD CHILDREN'S HEALTH, in the U.S., more than 770,000 children (ages 14 and younger), are treated in hospitals and medical emergency rooms for sports-related injuries every year.  In the U.S., surgical procedures of the meniscus are performed on an estimated 850,000 patients every year. Increasing sports related injuries related to exercise/exercise equipment, soccer, basketball, athletics, football and others will drive the demand for collagen meniscus implant market. Additionally, enhanced medical infrastructure along with the advancement in implant procedures with improved outcomes in patients safely will further spur revenue growth in the hospitals, ASCs and orthopedic clinics segment. 

Increased research and development with strong product pipelines in the developed regions 

Major players in the collagen meniscus implant market are RTI Surgical, Active Implants, Orthonika, Stryker Corporation, Zimmer Biomet, Biofixt and others. Novel product launches with higher patient safety and compatibility (for all age groups), acquisitions, novel technology expansion along with improved R&D on collagen meniscus implants will further drive the market growth. For e.g. In Sep 2016, Stryker Corporation acquired Ivy Sports Medicine, LLC, whose product range is comprised of an inclusive minimally invasive meniscal repair platform (Collagen Meniscus Implant (CMI®)).

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Collagen Meniscus Implant market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Collagen Meniscus Implant market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Collagen Meniscus Implant market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Collagen Meniscus Implant market?
• Which is the largest regional market for Collagen Meniscus Implant market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Collagen Meniscus Implant market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Collagen Meniscus Implant market worldwide?