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Soft Tissue Repair Market to Explore 8.3% of CAGR Growth by 2025 - Medtronic, Integra Lifesciences Corporation, Stryker, C.R Bard, Organogenesis, Lifecell Corporation, Wright Medical Group

03-06-2019 02:15 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

Soft Tissue Repair Market to 2025

Soft Tissue Repair Market to 2025

Soft tissue injuries are also common among the sportsmen and athletes which may require immediate treatment. Sutures, suture anchors, interference screw are various fixation devices used for soft tissue fixation. Synthetic meshes, allograft, xenograft are also used to replace the lost soft tissue in various parts of the body.

The soft tissue repair market is estimated to grow at a CAGR of 8.3% during the forecast period from 2018 to 2025. The market for soft tissue repair is projected to reach US$ 6,677.0 Mn in 2025.

In recent years, there has been a rise in the cases of sport injuries and Road As per the data published by the Ministry of Justice, UK, there is a rise in the volume of Road Traffic Accidents (RTAs) related personal injury claims. In 2005/2006, 460,0004 claims registered were registered which increased to 770,0005 claims registered in 2015/16. As per the National Interministerial Observatory of Road Safety (ONISR), in May, 2018, 6,520 were injured. There is an increase in the number of the surgical procedures and orthopedic soft tissue repair due to increasing number of the road accident. A number of conference on advanced tissue science, regenerative medicine and soft tissue repair are conducted by healthcare organizations across Europe. In June, 2017, Integra LifeSciences Corporation hosted its second International Symposium on Tissue Technologies in Berlin, Germany.

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In our study, we have segmented the soft tissue repair market by product and application. Soft tissue repair market, based on the product is segmented into fixation instruments and tissue mesh/patch. Fixation instruments is further segmented into fixation instruments, suture anchors, interference screw, sutures, and others. Tissue mesh/patch is further segmented into synthetic and biological mesh. Soft tissue repair market, based on the application is segmented into orthopedic repair, hernia repair, breast reconstruction, pelvic and vaginal prolapse repair, skin repair, dental and dural repair, and others. Geographically, the market for soft tissue repair is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South and Central America (S&CAM).

Development of technologically advanced products in tissue regeneration, rising for treatment of sport injuries and growth of sport medicine drive the growth of soft tissue repair market. Increasing number of orthopedic surgeries also drive the growth of the market. Some of the common orthopedic procedures are Anterior Cruciate Ligament (ACL) reconstruction, rotator cuf, meniscal repair, hip arthroscopy and joint replacement surgeries. These procedures are indicated for soft tissue repair and fixation. The market is witnessing a potential growth rate during the past few years and is expected to witness similar trend in the coming years.

The market for soft tissue repair is well established in North America region, especially in the US and Canada. In North America, increasing number of FDA approvals and product launches, progressive growth of regenerative medicine and presence of key market players drive the market. The market in Asia Pacific is expected to witness significant growth during the forecast period owing to the increasing number of surgical procedures such as hernia repair, increasing of product offerings in China and Australia and rapid development of medical device industry. Per the Population Census 2011, there are nearly 104 million elderly persons in India, out of which 53 million are females and 51 million are males. Also, United Nations Department of Economic and Social Affairs stated that the number of geriatric population in India is projected to reach 158.7 million in 2025.

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Soft Tissue Repair Market to 2025 - Global Analysis and Forecasts By Product (Fixation Instruments, Tissue Mesh), Application (Orthopedic Repair, Hernia Repair, Breast Reconstruction, Pelvic and Vaginal Prolapse Repair, Skin Repair, Dental and Dural Repair, Others) and Geography

Asia Pacific is expected to be the fastest growing Soft tissue repair market. Rapid growth of healthcare technology, and increasing focus on diagnosis & treatment of soft tissue injuries among the adults and the elderly population are major factors that fuel the growth of the market in Asia Pacific. Additionally, growing business of sports medicine in India creates the opportunities for growth of the market. The Chinese Trauma Surgeon Association launched China Trauma Care Training (CTCT) to focus on techniques and methods in the field of trauma care. CTC initiated medical education program which was launched in July 2016 in Xining, Qinghai Province.

Soft tissue repair market, based on the product is segmented into fixation instruments and tissue mesh/patch. Fixation instruments is further segmented into fixation instruments, suture anchors, interference screw, sutures, and others. Tissue mesh/patch is further segmented into synthetic and biological mesh. Soft tissue repair market, based on the application is segmented into orthopedic repair, hernia repair, breast reconstruction, pelvic and vaginal prolapse repair, skin repair, dental and dural repair, and others.

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About Us - The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.

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Contact Person : Sameer Joshi
Phone : +1-646-491-9876
Email Id : sam@theinsightpartners.com
Website: https://www.theinsightpartners.com

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