Anterior Cruciate Ligament (ACL) and Posterior Cruciate Ligament (PCL) Reconstruction Devices Market to Surpass US$ 19,145 Million by 2030 - Coherent Market Insights

SEATTLE, May 23, 2022 /PRNewswire/ -- According to Coherent Market Insights, global anterior cruciate ligament (ACL)/posterior cruciate ligament (PCL) reconstruction devices market is estimated to be valued at US$ 10,952 million in 2022 and expected to exhibit a CAGR of 7.2% over the forecast period (2022-2030).

Key Trends and Analysis of the Global Anterior Cruciate Ligament (ACL)/Posterior Cruciate Ligament (PCL) Reconstruction Devices Market:

Key trends in market include increasing orthopedic diseases prevalence, launches and approvals of novel products, collaborations, partnerships, mergers, and acquisitions among key players. These key trends are expected to aid in anterior cruciate ligament (ACL)/posterior cruciate ligament (PCL) reconstruction devices market growth.

For instance, in May 2021, Winter Innovations, Inc., a medical device startup company announced that is has received 510 (k) clearance from the U.S Food and Drug Administration (FDA) for its EasyWhip suturing needle product. EasyWhip is a non-absorbable suture with specialized needle that simplifies and standardizes suturing techniques, its primary application is for orthopedic procedures like anterior cruciate ligament (ACL).

Key players operating in global anterior cruciate ligament (ACL)/posterior cruciate ligament (PCL) reconstruction devices market are focusing on adoption of inorganic growth strategies such as acquisitions, mergers, partnerships, and collaborations, in order to strengthen their presence in the global market. For instance, in July 2021, Colfax Corporation, a leading diversified technology company acquired Mathys AG Bettlach, a medical device company

Moreover, in September 2021, Stryker Corporation completed acquisition of Wright Medical Group NV, a medical technology company which manufactures and sale joint replacement products.

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Key Market Takeaways:

Global anterior cruciate ligament (ACL)/posterior cruciate ligament (PCL) reconstruction devices market is expected to exhibit a CAGR of 7.2% over the forecast period, owing to rising research and development. For instance, in September 2021, Orthocell, a world leading regenerative medicine company providing innovative products to restore mobility, functions, and performance, announced positive data in the pre-clinical study on CelGro collagen rope for ACL repair.