Press release
Orthopedic Repair is Expected to Dominate Soft Tissue Repair Market with 43.8% Industry Share, Reaching at Highest CAGR 8.0% by 2024
Global Soft Tissue Repair Market is expected to reach USD 26,041.61 million by 2024.
The major factors contributing to the growth of the market includes factors such as increasing rate of accidents and injuries, growth in the aging population and rise in the healthcare expenditure. On the other hand, lack of awareness hinders the growth of the market.
Global Soft Tissue Repair Market is expected to reach USD 26,041.61 million by 2024 from USD 14,725.40 million in 2016, at a CAGR of 7.5% in the forecast period 2017 to 2024.
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• No of pages: 350
• No of Figures: 60
• No of Tables: 220
Key Drivers of Global Soft Tissue Repair Market:
Some of the major factors driving the market for global soft tissue repair market are increasing rate of accidents and injuries, growth in the aging population and rise in the healthcare expenditure. These factors demand the soft tissue repair which boosts the market growth.
• Lack of awareness may hinder the growth of the market.
• According to Population Reference Bureau, in 2016 number of Americans between the age of 65 and above was 46 million and by 2060 this number will rise to 98 million. The group share of 65 and older age will rise to 24% from 15%.
• Many companies are increasingly focusing on technological advancement of devices in order to strengthen their product portfolios in the soft tissue repair market.
Report Segmentation:
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.
Read more about the Global Soft Tissue Repair Market visit @ http://databridgemarketresearch.com/reports/global-soft-tissue-repair-market/
Key Points of Global Soft Tissue Repair Market
Medtronic is going to dominate the global soft tissue repair market following with Smith & Nephew, C.R.Bard Inc., Wright Medical along with others such asLifecell Corporation, Baxter, B. Braun Melsungen AG, Ethicon US, LLC., Arthrex, Inc, Lifenet Health, Inc., 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.
• 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%.
• The orthopedic repair is expected to dominate the soft tissue repair market with 43.8%market share, growing at the highest CAGR 8.0% in the forecast period 2017 to 2024.
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