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Print. The menisci-the medial meniscus and lateral meniscus-are crescent-shaped bands of thick, rubbery cartilage attached to the shinbone (tibia). They act as shock absorbers and stabilize the knee. The medial meniscus is on the inner side of the knee joint. The lateral meniscus is on the outside of the knee. Meniscus tears can vary widely in size and severity. A meniscus can be split in half, ripped around its circumference in the shape of a C or left hanging by a thread to the knee joint.
1 Removing the entire medial meniscus can lead to a bow-legged deformity and medial joint arthritis. 2  Removing the entire lateral meniscus can cause a knock-kneed deformity and lateral joint arthritis. 3  Location-A tear may be located in the anterior horn, body, or posterior horn. 4  A posterior horn tear is the most common.he medial meniscus and lateral meniscus are specialized structures within the knee. These crescent-shaped shock absorbers between the tibia and femur have an important role in the function and health of the knee.