Soft Tissue Repair Market Comprehensive Study to 2024: Medtronic, Smith & Nephew, C.R.Bard Inc., Wright Medical, Lifecell Corporation, Baxter, B. Braun Melsungen AG, Ethicon US, LLC., Arthrex, Inc, Lifenet Health, Inc., Zimmer Biomet

Soft Tissue Repair Market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios. The Soft Tissue Repair Market report also presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market.

Some of the major players operating in this market are:

Smith & Nephew plc, C.R Bard, Inc., Wright Medical Group, Inc., Lifecell Corporation, Baxter, B. Braun Melsungen AG, Ethicon US, LLC., Arthrex, Inc, Lifenet Health, Inc., Medtronic, Zimmer Biomet, Covidien, Stryker, Acera Surgical, Inc., Alphatec Spine, Inc., Acelity L.P. Inc., Osseon LLC., Integra Lifesciences Corporation, Collplant Ltd., Gore, American Medical Systems Inc., among others.

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Global Soft Tissue Repair Market is expected to reach USD 26,041.61 million by 2024 from USD 14,725.40 million in 2016, at a CAGR of 7.5% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Segmentation: Global Soft Tissue Repair Market

By Type (Tissue Patch/Mesh (Synthetic Mesh, Biological Mesh),Laparoscopic Instrument, Fixation Devices (Interference Screw, Suture Anchors), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Drivers: Global Soft Tissue Repair Market

The major factors driving the growth of this market are increasing rate of accidents and injuries, growth in the aging population and rise in the healthcare expenditure.

INCREASING RATE OF ACCIDENTS AND INJURIES

Lack of awareness and rising rash driving are causing the increase in the number of accidents and injuries. Common example is the accidents due to road traffics or vehicle accidents. Due to increasing rate of accidents and injuries, there is increase in the soft tissue injuries in muscles, tendons and ligaments which gives more pain in respect of swelling, stiffness and soreness. Sports injuries are very common amongst the athletes and also soft tissue injuries are caused due to regular exercises. According to U.S. Centres for Disease Control (CDC), each year around 2 million injuries of high school athletes, 5 lacs visits from doctor and 30 thousand hospitalizations took place.

Contact sports such as football, wrestling and soccer, quick sports such as running races, long jump and sports activities which require gymnastics, golf and other types of sports activities which leads to elbow sprain and hand sprain which comes under a type of soft tissue injuries. The increasing prevalence of accidents and injuries is leading to rise in the demand for soft tissue repair market.

GROWTH IN THE AGING POPULATION

With the growing geriatric population across the world, cells of the body grew old due to the finite time it has. The skin begins to sag and enables for wound contraction along with functional disorder. The elder people has thinner dermis which in result leads to continuous small injuries such as sprains, falls, chronic wounds and pressure ulcer, are driving the soft tissue repair market.

According to U.S. according to National Institute of Aging, in 2015, the aging population between 65 years and above in America is expected to double by reach 88 million in 2020 from 48 million. Also, according to data published by World Population Prospects the number of aged population (60 years and above) increased significantly in most of the countries and regions in the recent years and this growth is expected to accelerate in the coming years.

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The global soft tissue repair market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. Medtronic dominated the soft tissue repair market accounting for a highest market share in 2016, followed bySmith & Nephew PLC and C.R Bard Inc.Other players in this market includeLifecell Corporation, Baxter, B. Braun Melsungen AG, Ethicon US, LLC., Arthrex, Inc, Lifenet Health, Inc., Zimmer Biomet, Covidien, Stryker, Acera Surgical, Inc., Alphatec Spine, Inc., Acelity L.P. Inc., Osseon LLC., Integra Lifesciences Corporation, Collplant Ltd., Gore, American Medical Systems Inc., among others holds 40.9%of the global soft tissue repair market in 2016.

Medtronic:

Medtronic was founded in 1949 and headquartered in Minneapolis, U.S. Medtronic is the world’s largest standalone medical technology development and a global healthcare solution company. The company operates in cardiac and vascular group (cardiac rhythm and heart failure, coronary and structural heart, aortic and peripheral vascular), minimally invasive therapies group (surgical solutions and patient monitoring & recovery), restorative therapies (spine, brain therapies, speciality therapies and pain therapies), and diabetes group (intensive insulin management, non- intensive diabetes therapies, diabetes service and solutions).

The company operates in more than 155 countries worldwide with more than 260 locations in research and development, manufacturing and distribution, and education centers. The company’s regional locations are Asia Pacific, Eastern Europe, Latin America, Middle East and Africa, Central Asia, South Asia, North America, and Western Europe. Some of its subsidiaries include Medtronic Belgium S.A. /N.V. Belgium), DantecElettronicaS.r.l. (Rome), Medtronic (Shanghai) Ltd. (China), Medtronic B.V. (Netherlands), Medtronic Xomed Limited (U.K) and many more.

Smith & Nephew plc:

Founded in 1856 and headquartered London, UK. Smith & Nephew is the manufacturer of numerous medical devices, personal care products and advanced and latest along with the traditional wound care treatments. The company operates its business across the globe using these nine product categories such as knee implants, sports medicine joint repair, hip implants, arthroscopic enabling technologies, trauma & extremities, other surgical businesses, advanced wound care, advanced wound bioactives, and advanced wound devices. The product offered by the company comes under the trauma and extremities product category. The soft tissue category offers arthroscopy, carpel tunnel release, ligament repair, and TFCC repair.

Smith & Nephew has a presence in more than 100 countries across Africa, Americas, Asia, Australasia, Europe, and Middle East.

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