Increasing base of target population, increasing incidence of sports-related injuries, rising awareness in emerging nations, increasing demand for minimally invasive medical procedures are the key factors contributing to high CAGR of Orthopedic Soft Tissue Repair during the forecast period.
According to the current analysis of Reports and Data, the global Orthopedic Soft Tissue Repair market was valued at USD 6546.2 Million in 2018 and is expected to reach USD 10208.1 Million by the year 2026, at a CAGR of 5.7%.
A soft tissue injury is a type of damage to ligament, muscles, shoulders, and knee. A soft tissue injury generally occurs from a sprain, strain, or continuous use of a particular part of the body. The injury can result in swelling, pain, and loss of function. The orthopedic soft tissue repair procedure is carried out to cure soft tissue injury. Soft tissue injury can be easily diagnosed using magnetic resonance imaging (MRI). These devices are used for closed technique treatments of worn or injured joints. The majority of such treatments are performed on knee and shoulder joints, although there is an increasing interest among the surgical community in hip and small joint arthroscopy.
The growth of orthopedic soft tissue repair market is mainly attributed to an increase in the cases of sports-associated injuries across prime age-groups. Additionally, the growing incidence of musculoskeletal conditions such as arthritis in the geriatric population and increasing obese population also contribute to the growth of orthopedic soft tissue repair market. Easy and prompt availability of innovative surgical products will also lead to a high demand for orthopedic soft tissue repair procedures in the global market. Procedures such as rotator cuff repair are expected to gain significant traction during the forecast period. High incidence of musculoskeletal injuries and greater awareness about the availability of novel treatment solutions in the region contributes to the dominance of North America. Additionally, existence of large potential patient pool, significant geriatric population and widespread untapped opportunities make Asia Pacific the most lucrative market for investment. On the other hand, the high cost of such procedures, limited reimbursements, and availability of non-surgical alternatives may restrain the growth of global orthopedic soft tissue repair market. One of the major trends witnessed in the global orthopedic soft tissue repair market is strategic partnerships and rapid commercialization of innovative surgical solutions among market players. For instance, in August 2015, Stryker acquired Mako Surgical Corp for total knee construction and total hip replacement robotic products.
Key companies profiled in the report include
Stryker, Arthrex, Zimmer Biomet, DePuy Synthes, CONMED Corporation, Zimmer Biomet Holdings, Tornier, AlloSource, LifeNet Health and Smith & Nephew
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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Orthopedic Soft Tissue Repair market.
The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.
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The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report discusses in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.
The key geographical regions analyzed in the market report are:
- North America (U.S.A., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Orthopedic Soft Tissue Repair Market Segmentation based on Types:
Procedure (Revenue, USD Million; 2016–2026)
- Rotator cuff repair
- Epicondylitis
- Achilles tendinosis repair
- Pelvic organ prolapsed
- Gluteal tendon repair
- Cruciate ligaments repair
- Hip Arthroscopy
- Biceps Tenodesis
- Others
Injury Location (Revenue, USD Million; 2016–2026)
- Knee
- Shoulder
- Hip
- Small joints
Further key findings from the report suggest
- Cruciate ligaments repair dominate the global orthopedic soft tissue repair market in 2018; owing to higher prevalence ACL injuries among athletes.
- As of 2018, Knee segment held the largest market share of 41.7%, because it is a frequently affected target injury location among the athletes as well as the geriatric population base.
- Hip segment is estimated to witness lucrative growth at the CAGR of 5.3% over the forecast period. Posterior soft tissue repair is a common procedure in hip arthroplasty.
- North America dominated the global orthopedic soft tissue repair market and was valued at USD 2291.2 Million in 2018. The primary factors supporting the growth in this segment are the increasing investments for developed healthcare infrastructure along with the presence of the major market players in this region.
- Asia Pacific regional segment is projected to grow at the fastest rate of 6.6% over the forecast period owing to greater penetration of medical devices in countries like Japan and increasing geriatric population in this region
- However, lack of knowledge, increasing cost of surgical procedures, and lack of reimbursement are some of the major factors hindering the growth of orthopedic soft tissue repair market.
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