With increasing aging population combined with rise in sport injuries, there has been surge in number of people suffering from knee injuries involving meniscus tear globally. Collagen meniscus implants have emerged as a valuable treatment option for partial meniscus defects. Collagen meniscus implants are made from purified collagen to mimic the composition and function of natural meniscus. The implants aid in distribution of load within the knee joint and also help in lubrication and shock absorption. Such biomaterial implants provide an alternative to complete meniscectomy and help reduce pain and improve knee function.
The global Collagen Meniscus Implant Market is estimated to be valued at US$ 44.1 million in 2023 and is expected to exhibit a CAGR of 11.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Recent research has shown promising future for use of stem cells and tissue engineering techniques to develop more durable collagen implants. Some key players are exploring avenues to develop tissue-engineered implants that can fully regenerate damaged meniscus tissue similar to natural extracellular matrix. Ongoing research focus on identifying optimal cell types, scaffold materials, and growth factors that maximize chondrogenic differentiation of stem cells. 3D bioprinting is another emerging area that holds potential for designing custom implants tailored to individual patient’s joint anatomy. Development of smart, nanocomposite biomaterials with enhanced biomechanical integrity and tissue regeneration capability is expected to make second generation meniscus replacement therapies more effective.
Threat of new entrants: Low, High costs involved in R&D and gaining regulatory approvals pose entry barriers.
Bargaining power of buyers: Moderate, Buyers have limited alternatives and switching costs are moderate.
Bargaining power of suppliers: Low, Industry has several raw material suppliers with no single dominant player.
Threat of new substitutes: Moderate, Technological advancements may lead to new treatment options.
Competitive rivalry: High, Market features few large players in a consolidating industry.
The Global Collagen Meniscus Implant Market Size is expected to witness high growth.
Europe currently dominates the global market and is expected to maintain its leading position over the forecast period owing to high prevalence of knee joint injuries and rising adoption of meniscus implants.
Key players operating in the Collagen Meniscus Implant market are Zimmer Biomet, Active Implants LLC, Parcus Medical, Stryker Corporation, RTI Surgical Holdings Inc., and Medtronic.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it