Orthopedic soft tissue repair products are used for reinforcement of weak, damaged or ruptured soft tissue. The growth of this market is mainly contributed by factors such as easy availability of novel products, increasing incidence of sports-related injuries, significant growth in highly vulnerable geriatric population. The demand for orthopedic soft tissue repair products will be the highest in Asia Pacific market mainly due to large target population and untapped market penetration opportunities. Conversely, lack of reimbursement policies, and high cost of these products and related procedures may restrain the growth of this market during the forecast period.
The purpose of this research study titled ‘Orthopedic Soft Tissue Repair Market - Growth, Future Prospects, and Competitive Analysis, 2021 – 2029’ is to provide investors, developers, company executives and industry participants with in-depth analysis to allow them to take strategic initiatives and decisions related to the prospects in the global orthopedic soft tissue repair market. This report presents and analyzes the major trends prevalent in the global orthopedic soft tissue repair market and the market size and forecast.
This report categorizes the global orthopedic soft tissue repair market in terms of procedure type, therapeutic site, and geographical distribution. Based on procedure type, the global orthopedic soft tissue repair market is categorized into rotator cuff repair, epicondylitis, achilles tendinosis repair, pelvic organ prolapse, gluteal tendon repair, cruciate ligaments repair, hip arthroscopy, biceps tenodesis, and others. Knee, shoulder, hip and other locations are the therapeutic sites considered for the purpose of this study. Market size and forecast for each mentioned segment for the period 2019-2029 is presented in the report along with respective CAGRs for the forecast duration 2021-2029.
The market size and forecast of each considered geographical market is presented for the period 2019-2029 along with CAGRs for the forecast period 2021-2029 in this study and are further cross-sectional presented in terms procedure type, therapeutic site and constituent region/country level markets.
This report also includes qualitative assessment factors such as market dynamics (drivers, restraints and opportunities) to have a good understanding of the current and anticipated trends in the global orthopedic soft tissue repair market. Competition assessment tools such as market attractiveness assessment and competitive landscape analysis by key players are also demonstrated in the study. Furthermore, this report concludes with profiling of key market players currently enjoying prominent position in the orthopedic soft tissue repair market. The key players profiled in this report are Acera Surgical Inc., AlloSource, ArthroCare Corporation, Arthrex Inc., Conmed Corporation, DePuy Synthes, LifeNet Health Inc., Smith and Nephew plc, Stryker, Tornier and Zimmer Biomet Holdings, Inc.
Rupture of the cruciate ligament is one of the most common knee injuries. In the U.S. alone, the annual incidence of ACL injury ranges between 100,000 to 200,000. Due to challenged outcomes of conservative treatment for cruciate ligament injury, reconstruction surgery remains the mainstay for several your patients, who are willing to maintain their active lifestyle. At present cruciate ligament repair procedure captures the largest revenue share in the global orthopedic soft tissue repair market at a share of over 35% in 2016. Cruciate ligament repair aims at restoration of knee stability and normal knee kinematics post reconstruction. Traditionally, anterior cruciate ligament reconstruction focuses on non-anatomical single-bundle reconstruction based on transtibial technique. Due to better understanding of anatomy, evolution of orthopedic surgical techniques, and development of fixation devices, single-bundle ACL reconstruction has offered excellent clinical outcomes. However, it is reported that 10% to 30% of patients with single-bundle ACL reconstruction experienced rotational instability and subsequent arthritis.
Among the considered therapeutic sites, knee segment held the largest share in the global orthopedic soft tissue repair market. Knee injuries constitute among the most common soft tissue conditions, particularly reported in athletes and geriatric population. As the age advances, bones and connective tissues in the joints weaken and thus create a greater risk of emergence of target injuries. ACL and PCL are the common procedures performed for repairing knee and hip injuries respectively. It is also reported that hip segment will undergo the fastest market growth rate during the forecast period on the ground of significant rise in geriatric population.
Geographically, the global orthopedic soft tissue repair market is cumulative to North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
North America and Europe collectively dominate the global orthopedic soft tissue repair market with a combined market share of over 55%. Existence of several major market incumbents in North America and Western Europe along with swift availability of innovative treatment solutions mainly drive the demand in these regions. Greater purchasing power of domestic patient population and evolved reimbursements also contribute to the dominance of North America and Europe. Growing awareness, existence of huge target population base, growing skills among surgeons and are expected to drive the Asia Pacific market, making it the fastest progressing regional market on the global front.
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 Orthopedic Soft Tissue Repair market are as follows:
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.
ATTRIBUTE | DETAILS |
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Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
Segmentation | |
Procedure
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Therapeutic Site
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report