Market Definition
Tendon repair is a surgical procedure that involves stitching a damaged tendon back together. Tendons are strong, fibrous cords that connect muscles to bones. They are essential for movement and support of the body. When they are damaged, it can cause pain, swelling, and loss of movement.
Tendon repair is usually done under general anesthesia. A small incision is made over the damaged tendon and the two ends of the tendon are sutured together. The surgeon may also need to remove any damaged tissue or bone fragments. The sutures are usually made of absorbable material so that they will dissolve over time.
Market Outlook
Tendon repair technology has come a long way in the past few decades, with advances in materials, techniques, and instrumentation. The key trends in tendon repair technology are focused on improving the efficacy and outcomes of tendon repair surgery, reducing the risk of complications, and reducing the recovery time.
The first trend is the use of advanced materials for tendon repair. In the past, sutures and staples were used for tendon repair, but now surgeons are using stronger, more flexible materials such as bioresorbable sutures, bioabsorbable adhesives, and bioabsorbable staples. These materials are designed to be stronger and more flexible than traditional sutures, and they are designed to break down and be absorbed into the body over time, eliminating the need for a second surgery to remove the sutures.
The global Tendon Repair market is driven by various key factors such as increasing prevalence of sports injuries, increasing geriatric population, rising awareness about the advantages of tendon repair, and growing number of surgical procedures.
Increasing Prevalence of Sports Injuries:
The increasing prevalence of sports injuries is one of the major drivers of the tendon repair market. Sports injuries are a major cause of tendon injury, especially to the knee and ankle tendons. According to a study conducted by the American Academy of Orthopedic Surgeons, the overall incidence of sports-related injuries has increased by almost 50% in the last two decades. This increase is mainly attributed to the rising popularity of sports activities and the increasing participation of people in such activities. Additionally, the rising awareness about the importance of physical activity has also resulted in an increase in the number of people engaging in sports activities. As a result, the number of sports-related injuries has increased, thereby driving the demand for tendon repair products.
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Research Objectives
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
The global Tendon Repair Market is segmented by type of tendon injury, tendon repair procedures, tendon repair materials, and region. By type of tendon injury, the market is divided into acute tendon injuries and chronic tendon injuries. Based on tendon repair procedures, it is bifurcated into open tendon repair and minimally Invasive Tendon Repair. On the basis of tendon repair materials, the market is classified into autografts, allografts, and synthetic Grafts. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
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Major Players
- Smith & Nephew (United Kingdom)
- Arthrex, Inc. (United States)
- Stryker Corporation (United States)
- DePuy Synthes (a subsidiary of Johnson & Johnson) (United States)
- Zimmer Biomet Holdings, Inc. (United States)
- Medtronic plc (Ireland)
- ConMed Corporation (United States)
- Tornier N.V. (now part of Wright Medical Group N.V.) (Netherlands)
- Wright Medical Group N.V. (now part of Stryker Corporation) (Netherlands)
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Research Scope
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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