Press release
Soft Tissue Repair Market: Major Trends Reshaping the Future of the Industry
Soft Tissue Repair Market Growth
What Will the Soft Tissue Repair Industry Market Size Be by 2025?
In recent times, the market size for soft tissue repair has witnessed significant expansion. It is projected to grow from $12.74 billion in 2024 to $13.78 billion in 2025, registering a compound annual growth rate (CAGR) of 8.2%. The growth observed in the historical period can be ascribed to the rising occurrences of sports-related injuries, aging demographics and degenerative diseases, increased healthcare spending and better access to medical care, as well as a heightened awareness and demand for cosmetic procedures.
What's the Long-Term Growth Forecast for the Soft Tissue Repair Market Size Through 2029?
In the next few years, a substantial growth is anticipated in the soft tissue repair market. It is estimated to swell up to $17.2 billion by 2029, with a promising compound annual growth rate (CAGR) of 5.7%. The expected growth in the future time frame can be ascribed to factors like emphasis on educating patients and their rehabilitation, a surging population of elderly people and chronic illnesses, the advent of regenerative medicine and tissue engineering, escalating healthcare spending and burgeoning medical tourism, and the focus on prevention and early intervention. Significant trends during the forecast span are anticipated to be digitization and artificial intelligence (AI), strategic collaborations and partnerships, personalized and 3D-printed implants, robotic-assisted operations, and wearable devices for health monitoring.
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What Are the Key Growth Drivers Fueling the Soft Tissue Repair Market Expansion?
The rise in sports-related injuries contributed to the expansion of the soft tissue repair market during the historical period. These injuries, which are most often soft tissue damage, commonly occur during sports activities or workouts. Soft tissues are essentially those which support, envelop, or connect other organs and bodily structures. In 2023, for instance, the National Safety Council, an American non-profit organization focusing on health and safety, observed a significant surge in reported injuries from sports and recreational activities. Following a record low in 2020, injuries increased by 20% in 2021 and yet another 12% in 2022. Furthermore, according to the same organization, exercise equipment in 2021 was responsible for approximately 409,000 injuries, marking the highest incidence in any sports category. With 375,797 reported injuries, bicycles and related accessories were the next major cause. Consequently, the growing frequency of sports-related injuries stimulated the soft tissue repair market's growth.
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What Are the Key Trends Driving Soft Tissue Repair Market Growth?
Leading firms in the soft tissue repair market are amplifying their product range through strategic partnerships, a practice that allows companies to utilize each other's assets and expertise for mutual gains and accomplishments. As an example, in August 2023, 3D Systems, a firm based in the US that offers an all-inclusive range of products and services such as 3D printers, print materials, software, on-demand manufacturing services, and healthcare solutions, collaborated with Theradaptive in order to enhance orthopedic and soft tissue repair with innovative regenerative therapeutics. As per this accord, Theradaptive's protein-based material-binding variations will coat 3D Systems' 3D printed medical tools to promote bone and tissue growth. Theradaptive is a biopharmaceutical enterprise focusing on discovering novel therapies to improve life quality.
How Is the Soft Tissue Repair Market Segmented?
The soft tissue repair market covered in this report is segmented -
1) By Product: Fixation Devices, Tissue Patch or Mesh, Laparoscopic Instruments
2) By Application: Hernia Repair, Dural Repair, Skin Repair, Vaginal Sling Procedures, Orthopedic Repair, Dental Repair, Breast Reconstruction Repair
3) By End User: Hospitals, Clinics, Research and Academic Institutes, Other End Users
Subsegments:
1) By Fixation Devices: Suture Anchors, Tacks and Staples, Bioabsorbable Fixation Devices, Screws and Plates
2) By Tissue Patch or Mesh: Synthetic Mesh, Biological Mesh, Composite Mesh, Expandable Mesh
3) By Laparoscopic Instruments: Laparoscopic Graspers, Laparoscopic Scissors, Laparoscopic Needle Holders, Laparoscopic Trocars and Cannulas
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Which Companies Are Leading the Charge in Soft Tissue Repair Market Innovation?
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
Which Regions Are Leading the Global Soft Tissue Repair Market in Revenue?
North America was the largest region in the soft tissue repair market in 2024. Asia-Pacific region is predicted to record fastest growth over the forecast period. The regions covered in the soft tissue repair market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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