Press release
Soft Tissue Repair Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Organogenesis Inc., Stryker Corporation, Johnson & Johnson Pvt. Ltd., Arthrex Inc., CryoLife Inc
Soft Tissue Repair Market Size
The Business Research Company offers in-depth market insights through Soft Tissue Repair Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The soft tissue repair market size has grown strongly in recent years. It will grow from $11.66 billion in 2023 to $12.66 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to increased prevalence of sports injuries, aging population and degenerative diseases, growth in healthcare expenditure and improved access to care, increased awareness and demand for cosmetic procedures..
The soft tissue repair market size is expected to see strong growth in the next few years. It will grow to $16.21 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to emphasis on patient education and rehabilitation, expanding geriatric population and chronic diseases, emergence of regenerative medicine and tissue engineering, rising healthcare expenditure and expanding medical tourism, focus on prevention and early intervention.. Major trends in the forecast period include digitalization and artificial intelligence (ai), collaboration and partnerships, customized and 3d-printed implants, robot-assisted surgery, wearable health monitoring..
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Market Segmentation:
The main types of soft tissue repair products include fixation devices, tissue patch or mesh, laparoscopic instruments. Fixation devices provide alignment and stabilization to the torn connective tissue. These include devices such as cortical buttons and corresponding suture kits which helps enable the tension and the ability to attach tendon or tendon graft directly to the bone inside a pre-drilled socket. Tissue patch or mesh is a specialty biomaterial used for soft tissue repairs by supporting damaged tissues during the healing process. The laparoscopic instruments include various dissectors, graspers, scissors, electrodes, needle holders, and shaft and connection configurations for handling soft tissues during surgeries. Soft tissue repair is used in hernia repair, dural repair, skin repair, vaginal sling procedures, orthopedic repair, dental repair, breast reconstruction repair. These products are used by hospitals, clinics, research and academic institutes, others.
Major Driver - Increasing Cases Of Sport-Related Injuries Drives The Soft Tissue Repair Market
The increasing cases of sport-related injuries boosted the growth of the soft tissue repair market in the historic period. Sports injuries are injuries that occur when participating in sports or exercising. In sports, soft tissue injuries are the most frequent. Tissues that attach, sustain, or surround other body structures and organs are referred to as soft tissue. For instance, according to the National Safety Council, an American non-profit organization promoting health and safety, in 2021, Exercise equipment accounted for about 409,000 injuries which was the most in any sports category. Bicycles and accessories were the second largest cause of injuries injuring 375,797 injuries in the US. Therefore, the increasing prevalence of sport-related injuries drove the growth of the soft tissue repair market.
Competitive Landscape:
Major companies operating in the soft tissue repair market include Organogenesis Inc., Stryker Corporation, Johnson & Johnson Pvt. Ltd., Arthrex Inc., CryoLife Inc., Integra Lifesciences Corporation., Wright Medical Technology Inc., Smith & Nephew plc., C.R. Bard Inc., Medtronic PLC., Zimmer Biomet Holdings Inc., Lifenet Health Inc, Isto Biologics Company Inc., Covidien plc., Becton Dickinson and Company, LifeCell Corporation, Baxter Healthcare Corporation., Boston Scientific Corporation, Acelity L.P. Inc., Artivion Inc., Medprin Biotech GmbH., Medline Industries Inc., Cook Group Inc., Ethicon US LLC, RTI Surgical Inc., Tornier Inc., Atrium Medical Corporation., Coloplast Corp., ConvaTec Group Plc, Endo International Plc, Kinetic Concepts Inc., Mölnlycke Health Care AB
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Top Trend - Strategic Partnerships To Expand Product Portfolio
Major companies operating in the soft tissue repair market are focusing on strategic partnerships to expand product portfolio. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in August 2023, 3D Systems, a US-based company that provides comprehensive products and services, including 3D printers, print materials, software, on-demand manufacturing services, and healthcare solutions, partnered with Theradaptive to advance orthopedic and soft tissue repair using breakthrough regenerative therapeutics. Through this agreement, 3D Systems' 3D printed medical devices will be coated with Theradaptive's protein-based material-binding variations to encourage bone and tissue development. Theradaptive is a biopharmaceutical company that focuses on developing new therapies to restore quality of life.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Soft Tissue Repair Market Characteristics
3. Soft Tissue Repair Market Trends And Strategies
4. Soft Tissue Repair Market - Macro Economic Scenario
5. Soft Tissue Repair Market Size And Growth
…..
27. Soft Tissue Repair Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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