The AC ligament injuries diagnostics market offers solutions for diagnosing AC ligament injuries in the shoulder. AC ligament injuries commonly occur due to sports injuries or accidents involving trauma to the shoulder region. Diagnosis of AC ligament injuries involves imaging tests such as X-rays, ultrasound, CT scans, and MRI scans. Advanced imaging modalities such as MRI provide high resolution images aiding in accurate diagnosis. Growing participation in sports and athletic activities has increased the risk of shoulder injuries including AC ligament tears. This is expected to drive demand for effective diagnostic solutions.
The global AC ligament injuries diagnostics market is estimated to be valued at US$ 254 million in 2031 and is expected to exhibit a CAGR of 6.8% over the forecast period 2029 to 2031.
Key Takeaways
Key players operating in the AC ligament injuries diagnostics market are Siemens Healthineers, GE Healthcare, Philips Healthcare, Canon Medical Systems, and Neusoft Medical Systems.
Growing participation in sports and rising incidence of shoulder injuries is expected to drive the demand for advanced diagnostic solutions for effective injury management.
The Anterior Cruciate Ligament Injuries Market technological advancements in medical imaging such as development of high resolution MRI systems is aiding early and accurate diagnosis of soft tissue injuries such as AC ligament tears.
Market Trends
Increasing adoption of less invasive arthroscopic procedures – The increasing preference for minimally invasive surgeries over open repair procedures is positively impacting the adoption of high-end arthroscopy systems integrated with advanced imaging modalities.
Rising popularity of digital radiography systems – Emergence of digital radiography systems integrated with advanced image processing technologies is augmenting the efficiency and productivity of orthopedic imaging workflows.
Market Opportunities
Untapped potential in emerging economies – Rising healthcare expenditure and improving diagnostic infrastructure in developing regions offers opportunities for players to further expand their geographic footprints.
Integration of AI technologies – Integration of artificial intelligence capabilities can help automate diagnosis and enhance productivity of radiologists by reducing image reading time.
Impact of COVID-19 on Anterior Cruciate Ligament Injuries Market Growth
The COVID-19 pandemic has impacted the growth of the Anterior Cruciate Ligament Injuries Market. During the peak of the pandemic in 2020-2021, both elective surgeries and non-emergency orthopedic procedures saw a significant decline as healthcare resources were diverted towards COVID-19 management. This led to fewer ligament injury diagnosis and treatment being carried out during this period. Additionally, patients were also reluctant to visit hospitals for non-urgent issues due to fear of infection.
However, as the pandemic has gradually come under control over 2022 with vaccination drives, the market is witnessing steady recovery. While elective surgeries are still not back to pre-pandemic levels in many parts of the world affected severely by subsequent waves, the volume is gradually increasing. Key players are also focusing on strengthening their digital healthcare offerings such as teleconsultations and online diagnosis to cater to non-emergency cases. This is aiding market recovery. It is expected that with continued vaccination efforts globally, the market will regain momentum lost during the peak pandemic period by 2024.
Geographical Regions with High Market Concentration
North America accounts for the largest share of the global Anterior Cruciate Ligament Injuries Market in terms of value. This is owing to rising participation in contact sports in the region coupled with rapidly aging population prone to such injuries. Additionally, the US spends heavily on healthcare with a robust insurance coverage encouraging treatment-seeking rate for ligament injuries. Moreover, availability of advanced treatment options and presence of major industry players in the region further cements North America’s top position.
Fastest Growing Regional Market
The Asia Pacific region is poised to showcase fastest growth in the Anterior Cruciate Ligament Injuries Market over the forecast period. This can be attributed to improving access to healthcare in densely populated developing economies such as India and China. Rising medical tourism alongside increasing sportsperson pool renders Asia Pacific a lucrative market. Additionally, growing medical capabilities and insurance penetration are supporting factors for the market’s rapid expansion in the region. Initiative towards creating sports culture and infrastructure development also augur well for the future potential.
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