Soft Tissue Repair Market Is Expected To Have The Highest Growth Rate During The Forecast Period 2018 To 2026 With Promising Key Players Life Cell Corporation, Organogenesis, Smith And Nephew, Johnson And Johnson, Covidien, Arthrex INC
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Soft Tissue Repair Market Drivers: -
Growth in soft tissue repair market can be attributed to several soft injuries in field of sports. Increasing number of people participating in sports is resulting into increase in the number of injuries, which is expected further boost growth of the of soft tissue market. Some of the injuries which affect sports people are strains, contusions, sprains, tendinitis, etc. According to a survey conducted by National Committee of Soccer Physicians (CNMF) in 2015, around 47% of players were injured with different muscle injuries such as hamstring injuries, muscle dysfunction, etc. According to California State Athletic Commission (CSAC), one of the most common injuries among the athletes is Traumatic Brain Injury (TBI). Increasing awareness regarding treatment of such injuries, as these injuries can affect their performance in future is driving growth of the market. According to the survey conducted by American Time Use Survey (ATUS), in 2015, there is rise of 3.6% of people participating in sports annually. According to ATUS, on an average day men participating in sports is around 4.9% and women participating in sports is around 2.3%.
India has various schemes for sports such as Khelo India, National Sports Development Fund, and Scheme for promotion of sports among persons with disabilities, etc. According to Khelo India Program, 1000 students are selected every year, and they are offered a sponsorship of 5 lakhs for 8 years. Such huge participation in sports is expected to boost the growth of global tissue repair market. Increase in the number of geriatric population is also expected to drive growth of the market, as they demand for good quality of life. Old population is susceptible to problems such as trauma, joint replacement, and fractures, which can cause pain and uneasiness. According to the Census conducted in Europe in 2016, there is an increase of 4.3% in geriatric population as compared to the former years. This can further result in increment of patients for soft tissue repair surgeries and joint replacement. Moreover, increasing number of accidents is boosting growth of the market. According to a study conducted by US Department of Transportation in 2015, road accident incidents have been increased by 3.8%.
Soft Tissue Repair Market Key players:-
Key player operating in market include Life Cell Corporation, Organogenesis, Smith And Nephew, Johnson And Johnson, Covidien, Arthrex Inc, Integra Life Sciences Corporation, Stryker Medical Corporation, Wright Medical Technology, C. R. Bard, De Puy Synthes, and American Medical Systems.
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Soft Tissue Repair Market Taxonomy:-
The global soft tissue repair market is segmented on the basis of product type, application, end user, and region.
By Product Type:-
Dental and Dural Repair
Vaginal Prolapse Repair
By End User:-
Ambulatory Surgery Centers
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