Meniscus repair systems market to exhibit dynamic growth during the forecast period

The global meniscus repair systems market is developing competently, expected to grow at a CAGR of 7.6%. Globally, an increasing number of meniscal allograft transplant and repair procedures will drive overall market growth. Increasing awareness about advanced medical technology along with rising hospital admissions for osteoarthritis will further spur revenue growth. Additionally, the launch of integrated repair solutions for all-inside meniscal repair, outside/in or inside out meniscal repair, root repair techniques, and other advanced applications are major key factors driving the growth of the meniscus repair systems market on a global scale.

All-Inside meniscal repair systems are expected to register higher growth by the end of 2030

In 2021, the all-inside meniscal repair system accounted for the largest share in the global market. These are mainly designed with the strength of inside-out repairs, delivers biomechanically strong outcomes with enhanced single insertion techniques.  Top products include CrossFix® meniscal repair system, NovoStitch Pro, Sequent® meniscal repair device and others. Additionally, rising sports injuries, surging number of osteoarthritis in the ageing population, and new technology expansion in the sports medicine industry are key factors driving the overall demand of meniscal repair systems. Expansion of new suture systems, regulatory approvals, new product launch, partnerships and acquisitions will boost market growth in the near future. For e.g. In an April 2018, Ceterix Orthopaedics, Inc. announced, the NovoStitch enables surgeons "to place stitches arthroscopically in close-fitting joint compartments, permitting them to treat and repair intricate meniscal tears.

Radial tear type to witness a significant CAGR

Radial meniscus tears are witnessed more in the young population (mainly especially with anterior cruciate ligament breaks), actively indulged sports activities. The utilization of enhanced techniques for radial tears includes cross suture method, inside-out technique or outside-in repair technique for a complete radial tear of the lateral meniscus and others. The recent brief, reliable, and legal classification system for meniscal tears is the International Society of Arthroscopy, Knee Surgery, and Orthopaedic Sports Medicine (ISAKOS). Complexity in repairing and treating few horizontal or longitudinal tears may restrain the market growth. Advancement in surgical techniques for radial tears and other complex tears will boost the market growth.  Advanced products with top applications manufactured in the U.S. and Europe market by Zimmer, Stryker, Conmed, Arthrex, and others will further spur revenue growth in the applications segment. For instance, in June 2018, Arcuro Medical Ltd. received approval by the U.S. FDA for its SuperBall meniscus repair system.

Increased research and development with strong product pipelines in the developed regions

Major players in the meniscus repair systems market are Stryker Corporation, Zimmer Biomet, CONMED Corporation, Arthrex, Inc., Johnson & Johnson, Medtronic Plc, (Ceterix Orthopaedics) Smith & Nephew plc., Orteq Sports Medicine Ltd (Saratoga Partners LLC), Arcuro Medical Ltd., EBERLE GmbH & Co. KG, BIOTEK - CHETAN MEDITECH PVT. LTD. and others. Top manufacturers are developing with advanced expertise with integrated technology. Acquisitions, partnerships, new technology expansion, and improved R&D will invent the development of meniscus repair systems market in the developing nations in the near future. For instance, in December 2018, Smith & Nephew plc. announced the acquisition of Ceterix Orthopedics Inc.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Meniscus Repair Systems market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Meniscus Repair Systems market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Meniscus Repair Systems market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Meniscus Repair Systems market?
• Which is the largest regional market for Meniscus Repair Systems market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Meniscus Repair Systems market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Meniscus Repair Systems market worldwide?