South Korea Cruciate Ligament Repair Procedures Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.3 Billion by 2030, growing at a CAGR of 5.8% from 2024 to 2030.
The South Korean cruciate ligament repair procedures market is experiencing significant growth, driven by an increase in sports-related injuries and advancements in minimally invasive surgical techniques. Cruciate ligaments are essential for knee stability, and injuries to these ligaments often necessitate surgical intervention to restore function and mobility.
Between 2008 and 2016, South Korea witnessed a 13% rise in posterior cruciate ligament reconstruction (PCLR) procedures, increasing from 2.3 to 2.6 per 100,000 people. Notably, males underwent PCLR approximately three times more frequently than females. However, the rate of increase was higher in females, suggesting a growing participation in physical activities among women. The highest incidence of PCLR was observed in individuals in their 20s, followed by those in their 40s and 30s. citeturn0search0
Similarly, anterior cruciate ligament reconstruction (ACLR) procedures saw a 41.5% surge during the same period, with the number of cases rising from 10,248 to 14,500. Males accounted for a larger proportion of ACLR procedures, yet females exhibited a higher growth rate, reflecting increased engagement in sports. The age group most affected comprised individuals in their 20s, followed by those in their 30s and 40s. citeturn0search1
In 2023, the South Korean orthopedic soft tissue repair market, which includes cruciate ligament repair procedures, generated revenues of USD 100.9 million. This figure is projected to nearly double to USD 195.4 million by 2030, growing at a compound annual growth rate (CAGR) of 9.9%. Within this market, cruciate ligament repair emerged as the largest and fastest-growing segment, underscoring the escalating demand for these procedures. citeturn0search3
Industries supporting the cruciate ligament repair procedures market must address several key requirements to meet this growing demand:
Advanced Surgical Techniques: Continuous innovation in minimally invasive procedures is essential to enhance patient outcomes and reduce recovery times.
High-Quality Implant Materials: The development and supply of durable, biocompatible materials for ligament reconstruction are critical for the success of surgical interventions.
Skilled Healthcare Professionals: Investing in the education and training of orthopedic surgeons and medical staff ensures proficiency in the latest surgical techniques and patient care protocols.
Comprehensive Rehabilitation Services: Establishing effective post-operative rehabilitation programs is vital to facilitate patient recovery and optimize surgical outcomes.
As the prevalence of cruciate ligament injuries continues to rise, particularly among active young adults and the aging population, the demand for effective repair procedures is expected to grow. This trend presents substantial opportunities for industries involved in orthopedic soft tissue repair to innovate and expand their offerings to meet the evolving needs of patients and healthcare providers in South Korea.
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Stryker Corporation
Smith and Nephew
DJO Global
Arthrex Inc.
DePuy Synthes
Tissue Regenix Group Plc
Integra Lifesciences Holding Corporation
Medtronic
CONMED Corporation
Zimmer Biomet
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Cruciate Ligament Repair Procedures Market
Anterior Cruciate Ligament (ACL) Reconstruction
Posterior Cruciate Ligament (PCL) Reconstruction
Combined ACL and PCL Reconstruction
Other Ligament Repairs
Arthroscopic Techniques
Open Surgery Techniques
Minimally Invasive Surgery
Hybrid Techniques
Interference Screws
Screw and Washer Systems
Staples
All-Inside Devices
Autografts
Allografts
Synthetic Grafts
Composite Grafts
Hospitals
Orthopedic Clinics
Rehabilitation Centers
Ambulatory Surgical Centers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Cruciate Ligament Repair Procedures Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Cruciate Ligament Repair Procedures Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Cruciate Ligament Repair Procedures Market, By Type
6. South Korea Cruciate Ligament Repair Procedures Market, By Application
7. South Korea Cruciate Ligament Repair Procedures Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Cruciate Ligament Repair Procedures Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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