US$ 26,041.61 Million Growth Volume of Global Soft Tissue Repair Market by Smith & Nephew plc, C.R Bard, Inc., Lifecell Corporation, Baxter, B. Braun Melsungen AG, Ethicon US, LLC., Arthrex, Inc, Lifenet Health, Inc., Medtronic

Soft Tissue Repair Market report studies the industry abilities for each geographical region based on the customer purchasing patterns, macroeconomic parameters, development rate, and market demand and supply states. The Market Report also provides an analytical assessment of the prime challenges faced by Soft Tissue Repair Market currently and in the coming years, which helps Market participants in understanding the problems they may face while operating in this Market over a longer period of time.

Global Soft Tissue Repair Market Type (Tissue Patch/Mesh, Laparoscopic Instruments, Fixation Devices), Application (Dural Repair, Hernia Repair, Skin Repair, Vaginal Sling Procedures, Orthopedic Repair, Dental Repair, and Breast Reconstruction Repair), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) - Forecast to 2024

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Major Players: Global Soft Tissue Repair 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.

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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Market Segmentation: Global Soft Tissue Repair Market

The global soft tissue repair market is segmented on the basis of type and application channel. The report provides data for 2015 to 2024, 2016 being the current year while 2017 to 2024 is the forecast period for the report.

On the basis of type, the global soft tissue repair market is segmented into tissue patch/mesh, laparoscopic instruments and fixation devices.

Based on type, tissue patch/mesh is segmented into synthetic mesh and biological mesh. Synthetic mesh and biological mesh is sub segmented into allograft and xenograft. Fixation devices are sub segmented into interference screw, suture anchors, and other fixation devices.The global fixation devices market is expected to reach USD 14,778.39 million by 2024, from USD 7,917.38 million in 2016, growing at a CAGR of 8.2%.

On the basis of application, the global soft tissue repair market is segmented into dural repair, hernia repair, skin repair, vaginal sling procedures, orthopedic repair, dental repair, and breast reconstruction repair. The global orthopedic repair market is expected to reach USD 11,808.29 million by 2024, from USD 6,424.13 million in 2016, growing at the highest CAGR of 8.0%.

Based on geography, the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa.

Drivers: Global Soft Tissue Repair Market

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.

RISE IN THE HEALTHCARE EXPENDITURE

Due to the rise of aging and growing populations, changing lifestyle, improvements in infrastructure along with different related projects, increase in the per capita incomes, market expansion, treatment and technology advances and rise in the chronic as well as lifestyle related diseases, and many more healthcare has become the one of the most rapidly growing sectors of the global economy.

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