According to a new report published by Allied Market Research, titled, โCruciate Ligament Diagnosis Treatment Market: Global Opportunity Analysis and Industry Forecast, 2021-2030โ Cruciate Ligaments are the pairs of ligaments arranged like the letter X. These ligaments are present at several joints of the body such as the knee joint. The cruciate ligaments of the knee are of two types, anterior cruciate ligament and the posterior cruciate ligament. These two ligaments are rounded and strong bands that extend from the tibia to the femur. The anterior cruciate ligament is lateral while the posterior cruciate ligament is medial. Injuries to these ligaments can cause knee swelling, instability, and pain. The treatment for such injuries may include physiotherapy and knee reconstruction surgeries.
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COVID-19 Impact Analysis
COVID-19 is an infectious disease that originated in the Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing a shortage of these drugs. Thus, the pharmaceutical and biotechnology industries are expected to witness significant growth in the future, owing to the demand for vaccines and treatment drugs for COVID-19.
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Asia-Pacific region is also expected to show major growth in the cruciate ligament diagnosis treatment market owing to the rise in geriatric population, known to be at risk of knee injuries. The geriatric population is substantially high in countries like China and India.
Major key players in the market are MTF Biologics and Bioventus LLC., who are focused on collaborations, mergers, and acquisitions with other key players of the cruciate ligament diagnosis treatment market. These strategies will enable the launch of new products and services for the diagnosis and treatment of cruciate ligament injuries.
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ:
- This study presents the analytical depiction of the cruciate ligament diagnosis treatment industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the cruciate ligament diagnosis treatment market share.
- The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the cruciate ligament diagnosis treatment.
- Porterโs five forces analysis illustrates the potency of buyers and suppliers in the market.
- The report provides a detailed analysis depending on competitive intensity and how the competition will take shape in the coming years.
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Key Market Players
- Zimmer Biomet
- 3M Company
- Smith and Nephew
- DJO Global
- Bauerfeind AG
- DeRoyal Industries
- BSN Medical GmbH
- Stryker
- Arthrex
- Conmed
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