Press release
Soft Tissue Repair Market to Witness Steady Growth During the Forecast Period 2016 - 2024
The increasing participation in sports, increasing incidences of soft tissue injuries among aging population and rising demand for good quality of life are the key factors driving the growth of tissue repair market. Additionally, rising geriatric population, growing awareness about soft tissue repair surgery, increasing healthcare expenditure and rising demand for minimal invasive procedure and technological enhancement in surgical products will drive the market in forecast period.
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The global market of soft tissue repair market is segmented by product, application, and region. On the basis of product type it is further segmented into fixation products, mesh /tissue patch and laparoscopic instruments. Fixation product is segmented into interference screws, suture anchors and other fixation devices where as Tissue patch/mesh is again divided into biological mesh and synthetic mesh. Biological mesh is further sub-segmented as allografts and xenografts. The tissue fixation products market is the most lucrative market of soft tissue repair market by product as its capability to preserve tissue from decompose and increasing mechanical strength of tissue.
On the basis of application soft tissue repair market, is segmented into, skin repair, hernia repair, orthopedic, vaginal sling repair, dental and breast reconstruction repair. The Orthopedics segment is further divided into sports medication, Dural repair and tendon reinforcement, and others. The increasing participation of youth in sports is the one of key driving factor of soft tissue repair market.
Geographically the global market for intestinal anti-infective is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The increasing demand for treatment and rising patient awareness about different treatment option will dominate the market in North America. Over 200,000 anterior cruciate ligament were performed in the year 2013 in Unites states. The increasing medical tourism in developing countries, increasing investment of market player in the Asia Pacific region especially in India and China and rising health awareness about soft tissue repair treatment will drive the market in Asia Pacific in forecast period.
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Europe is also expected to register significant growth in soft tissue repair market. The increasing concern regarding health among people and technological advancement in the products will increase the demand for soft tissue repair treatment is expected to fuel the growth of market. The evolution on technology and rising geriatric population will drive the market in Middle East & Africa. The considerable government support for treatment and increasing health are expenditure will drive the soft tissue market in Latin America especially in Brazil.
The increasing disposable income and changing lifestyles among populations in developing economies, increasing hernia repairs, growing incidence of breast cancer and increasing treatment option for aging especially for aging population and minimally invasive procedures drive the market growth of soft tissue repair globally.
The key companies enhancing their product by technological enhancement and investing in research and development for development of better and more advance products in soft tissue repair treatment. Stryker Corporation, LifeCell Corporation, Arthrex, Inc., Integra LifeScience Corporation, Smith and Nephew plc, Wright Medical Technology, Covidien plc, C.R. Bard, Inc., Johnson & Johnson, and American Medical Systems Inc. are the major key players of soft tissue repair market.
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