The Meniscus Repair Systems Market to assemble digitization from 2018-2028, reaching US$ 771.0 Mn

The Meniscus Repair Systems Market is likely to grow stupendously in the subsequent decade. With IoT in the picture, the complex medical equipment could be monitored, that too, all at a time and under one umbrella. As such, costly downtime could be avoided and predictive maintenance could be fostered. Plus, increased spending could be facilitated for disposable items like syringes, gloves, and masks.

According to the latest research by Persistence Market Research, the global meniscus repair systems market is expected to be valued at US$ 771.0 Mn by the end of 2028. The meniscus repair systems market is expected to grow with a CAGR of 8.7% during the forecast period 2018-2028. The growth of the meniscus repair systems market can be attributed to the growing number of sports injuries.

According to the OECD stats, globally, approximately 18% of women and 10% of men aged 60 years and above suffer from symptomatic injuries in their anterior cruciate ligament and meniscus, and this predisposes them to osteoarthritis later in their lives. The need for meniscus repair surgeries for the prevention of osteoarthritis is expected to boost the demand for meniscus repair systems over the forecast period.

Get Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/27646

Company Profiles:

Stryker Corporation
DePuy Synthes Company (Johnson & Johnson)
Zimmer Biomet
Medtronic Plc
Smith & Nephew, Inc
Arthrex, Inc.
Arcuro Medical Ltd.
Other
meniscus repair systems market

Key manufacturers in the meniscus repair systems market follow different strategies to grow their businesses as well as to penetrate the meniscus repair systems market. Regulatory approvals and product launches are some of the strategies that are most commonly followed by players in the meniscus repair systems market. Orthopedic device manufacturers are working on expanding their portfolio of sports medicine products owing to the increasing demand for new medical devices and systems for the treatment of sports injuries.

Request for Methodology@ https://www.persistencemarketresearch.com/methodology/27646

Some of these companies recently launched meniscus repair systems in the global market. For instance, in August 2018, Ceterix orthopedic launched the Novostich Pro meniscal repair system. Similarly, in May 2018, Johnson & Johnson (Depuy Synthes) announced the launch of the TRUESPAN meniscal repair system.

Small market players or startup companies aim at obtaining regulatory approval for their meniscus repair systems. For instance, in June 2018, Arcuro Medical Ltd. received regulatory clearance from the U.S. Food and Drug Administration for its SuperBall meniscus repair system. The patent for SuperBall meniscus repair systems by Arcuro Medical Ltd. has been granted in the U.S. and China. The company is awaiting regulatory approval in Europe and Israel. Increasing product launches and FDA approvals are expected to propel the meniscus repair systems market over the forecast period.

Some of the strategic initiatives undertaken by most of the large players in the meniscus repair systems market are acquisitions and partnerships. Some of the meniscus market players that have adopted this strategy include Smith & Nephew, Zimmer Biomet, and Stryker Corporation. For example, in December 2018, Smith & Nephew plc. announced the acquisition of Ceterix Orthopedics Inc. Similarly, Stryker Corporation expanded its meniscus repair systems portfolio through the acquisition of Ivy Sports Medicine, LLC. Zimmer Biomet acquired Cayenne Medical in April 2016.

Access Full Report@ https://www.persistencemarketresearch.com/checkout/27646

Through this acquisition, Zimmer Biomet added the CrossFix meniscus repair system to its product portfolio. These major acquisitions and mergers provide significant opportunities to players in the meniscus repair systems market to expand their global presence and product portfolio. Acquisitions, partnerships, and mergers among key market players are expected to fuel the growth of the meniscus repair systems market.

Most of the major medical device players are focusing on emerging markets due to their high growth potential, as well as to increase their distribution channel. Changes in disease patterns due to lifestyle changes and rising affluence has resulted in growth in the demand for quality healthcare and better access to healthcare services, which are among factors that make these markets highly lucrative for medical device companies. Although developed countries dominate the market, emerging market represent higher growth opportunities for the meniscus repair systems market.

For instance, China is expected to witness the highest growth rate in the meniscus repair systems market over the forecast period. Factors, such as rising disposable in developing countries, continuous penetration of health insurance, and a steady reduction in the average selling prices of medical devices, are expected to significantly boost the demand for meniscus repair systems in the near future.

Complete Report Details@ https://www.persistencemarketresearch.com/market-research/meniscus-repair-systems-market.asp

The global meniscus repair systems market has been studied based on product type, clinical application, and end user. Based on product type, the meniscus repair systems market has been segmented into outside-in meniscal repair system, all-inside meniscal repair system, inside-out meniscal repair system, and meniscal root repair system. The all-inside meniscal repair system segment is expected to hold the maximum market share in the global meniscus repair systems market.

Based on end user, the meniscus repair systems market has been segmented into hospitals, ambulatory surgery centers, and specialized orthopedic clinics. In terms of revenue, the hospital segment of the meniscus repair systems market dominated the global meniscus repair systems market in 2017.

Related Reports:

Small Joint Replacement Market - https://www.persistencemarketresearch.com/market-research/small-joint-replacement-market.asp

Orthopedic Trauma Devices Market - https://www.persistencemarketresearch.com/market-research/orthopedic-trauma-devices-market.asp

Contact Us:

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com

About Us:

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.