Press release
Soft Tissue Repair Market Forecast 2024: Worldwide Segmented by Type, Application, Geography to 26,041.61 million USD by 2024
Global Soft Tissue Repair Market – Industry Trends and Forecast to 2024
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Major Players:
Some of the major players operating in this market are Smith & Nephew plc, C.R Bard, Inc., Wright Medical Group, Inc., Lifecell Corporation, Baxter, B. Braun Melsungen AG, Ethicon US, LLC., Arthrex, Inc, Lifenet Health, Inc., Medtronic, 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.
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Market 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.
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Drivers:
The major factors driving the growth of this market are increasing rate of accidents and injuries, growth in the aging population and rise in the healthcare expenditure.
INCREASING RATE OF ACCIDENTS AND INJURIES
Lack of awareness and rising rash driving are causing the increase in the number of accidents and injuries. Common example is the accidents due to road traffics or vehicle accidents. Due to increasing rate of accidents and injuries, there is increase in the soft tissue injuries in muscles, tendons and ligaments which gives more pain in respect of swelling, stiffness and soreness. Sports injuries are very common amongst the athletes and also soft tissue injuries are caused due to regular exercises. According to U.S. Centres for Disease Control (CDC), each year around 2 million injuries of high school athletes, 5 lacs visits from doctor and 30 thousand hospitalizations took place.
Contact sports such as football, wrestling and soccer, quick sports such as running races, long jump and sports activities which require gymnastics, golf and other types of sports activities which leads to elbow sprain and hand sprain which comes under a type of soft tissue injuries. The increasing prevalence of accidents and injuries is leading to rise in the demand for soft tissue repair market.
GROWTH IN THE AGING POPULATION
With the growing geriatric population across the world, cells of the body grew old due to the finite time it has. The skin begins to sag and enables for wound contraction along with functional disorder. The elder people has thinner dermis which in result leads to continuous small injuries such as sprains, falls, chronic wounds and pressure ulcer, are driving the soft tissue repair market.
According to U.S. according to National Institute of Aging, in 2015, the aging population between 65 years and above in America is expected to double by reach 88 million in 2020 from 48 million. Also, according to data published by World Population Prospects the number of aged population (60 years and above) increased significantly in most of the countries and regions in the recent years and this growth is expected to accelerate in the coming years.
RISE IN THE HEALTHCARE EXPENDITURE
Due to the rise of aging and growing populations, changing lifestyle, improvements in infrastructure along with different related projects, increase in the per capita incomes, market expansion, treatment and technology advances and rise in the chronic as well as lifestyle related diseases, and many more healthcare has become the one of the most rapidly growing sectors of the global economy.
Following are the few of the statistics related to the following given factors which has led to rise in the healthcare expenditure:
• According to World Health Organization (WHO), over the same period in South Africa, total healthcare expenditure in South Africa accounted for 8.5% of GDP, with an annual increase of 8.8% projected for 2013 and 2017.
• According to Centers for Disease Control and Prevention (CDC), in 2015, total national healthcare expenditure was $3.2 trillion.
• According to Eurostats, in 2014, healthcare expenditure was EUR 321 million in Germany which is equal to 11% of GDP.
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Key Topics Mentioned:
1. INTRODUCTION
1.1. OBJECTIVES OF THE STUDY
1.2. MARKET DEFINITION
1.3. OVERVIEW OF GLOBAL SOFT TISSUE REPAIR MARKET
1.4. CURRENCY AND PRICING
1.5. LIMITATION
1.6. MARKETS COVERED
2. MARKET SEGMENTATION
2.1. MARKETS COVERED
2.2. GEOGRAPHIC SCOPE
2.3. YEARS CONSIDERED FOR THE STUDY
2.4. CURRENCY AND PRICING
2.5. RESEARCH METHODOLOGY
2.6. PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.7. SECONDARY SOURCES
2.8. ASSUMPTIONS
3. MARKET OVERVIEW
3.1. DRIVERS
3.1.1. INCREASING RATE OF ACCIDENTS AND INJURIES
3.1.2. GROWTH IN THE AGING POPULATION
3.1.3. RISE IN THE HEALTHCARE EXPENDITURE
3.2. RESTRAINTS
3.2.1. LACK OF AWARENESS
3.3. OPPORTUNITY
3.3.1. NEW PRODUCT DEVELOPMENT
3.4. CHALLENGES
3.4.1. INCREASE IN THE COST OF SURGICAL PROCEDURE
4. EXECUTIVE SUMMARY
5. PREMIUM INSIGHTS
6. GLOBAL SOFT TISSUE REPAIR MARKET, BY TYPE
6.1. OVERVIEW
6.2. GLOBAL SOFT TISSUE REPAIR MARKET, BY TYPE
6.3. TISSUE PATCH/MESH
6.4. SYNTHETIC MESH
6.4.1. BIOLOGICAL MESH
6.4.1.1. ALLOGRAFT
6.4.1.2. XENOGRAFT
6.4.2. LAPAROSCOPIC INSTRUMENTS
6.4.3. FIXATION DEVICES
6.4.3.1. INTERFERENCE SCREW
6.4.3.2. SUTURE ANCHORS
6.4.3.3. OTHER FIXATION DEVICES
7. GLOBAL SOFT TISSUE REPAIR MARKET, APPLICATION
7.1. OVERVIEW
7.2. ORTHOPEDIC REPAIR
7.3. HERNIA REPAIR
7.4. BREAST RECONSTRUCTION REPAIR
7.5. SKIN REPAIR
7.6. VAGINAL SLING PROCEDURE
7.7. DENTAL REPAIR
7.8. DURAL REPAIR
8. GLOBAL SOFT TISSUE REPAIR MARKET, BY GEOGRAPHY
8.1. OVERVIEW
8.2. NORTH AMERICA
8.2.1. U.S.
8.2.2. CANADA
8.2.3. MEXICO
8.3. EUROPE
8.3.1. GERMANY
8.3.2. FRANCE
8.3.3. U.K.
8.3.4. ITALY
8.3.5. SPAIN
8.3.6. SWITZERLAND
8.3.7. NETHERLANDS
8.3.8. BELGIUM
8.3.9. TURKEY
8.3.10. RUSSIA
8.3.11. REST OF EUROPE
8.4. ASIA-PACIFIC
8.4.1. JAPAN
8.4.2. CHINA
8.4.3. INDIA
8.4.4. SOUTH KOREA
8.4.5. AUSTRALIA
8.4.6. SINGAPORE
8.4.7. THAILAND
8.4.8. MALAYSIA
8.4.9. INDONESIA
8.4.10. PHILIPPINES
8.4.11. REST OF ASIA-PACIFIC
8.5. SOUTH AMERICA
8.5.1. BRAZIL
8.5.2. REST OF SOUTH AMERICA
8.6. MIDDLE EAST & AFRICA
8.6.1. SOUTH AFRICA
8.6.2. REST OF MIDDLE EAST & AFRICA
9. GLOBAL SOFT TISSUE REPAIR MARKET, COMPANY LANDSCAPE
9.1. COMPANY SHARE ANALYSIS: GLOBAL
10. COMPANY PROFILES
10.1. MEDTRONIC
10.1.1. COMPANY OVERVIEW
10.1.2. REVENUE ANALYSIS
10.1.3. PRODUCT PORTFOLIO
10.1.4. RECENT DEVELOPMENTS
10.2. KONINKLIJKE DSM N.V.
10.2.1. COMPANY OVERVIEW
10.2.2. REVENUE ANALYSIS
10.2.3. PRODUCT PORTFOLIO
10.2.4. RECENT DEVELOPMENTS
10.3. ARTHREX, INC.
10.3.1. COMPANY OVERVIEW
10.3.2. COMPANY SNAPSHOT
10.3.3. PRODUCT PORTFOLIO
10.3.4. RECENT DEVELOPMENTS
10.4. ACELITY L.P. INC.
10.4.1. COMPANY OVERVIEW
10.4.2. COMPANY SNAPSHOT
10.4.3. PRODUCT PORTFOLIO
10.4.4. RECENT DEVELOPMENTS
10.5. ZIMMER BIOMET
10.5.1. COMPANY OVERVIEW
10.5.2. COMPANY SNAPSHOT
10.5.3. PRODUCT PORTFOLIO
10.5.4. RECENT DEVELOPMENTS
10.6. STRYKER
10.6.1. COMPANY OVERVIEW
10.6.2. STRYKER: REVENUE ANALYSIS
10.6.3. PRODUCT PORTFOLIO
10.6.4. RECENT DEVELOPMENTS
10.7. SMITH & NEPHEW
10.7.1. COMPANY OVERVIEW
10.7.2. SMITH & NEPHEW: REVENUE ANALYSIS
10.7.3. PRODUCT PORTFOLIO
10.7.4. RECENT DEVELOPMENTS
10.8. ETHICON US, LLC (SUBSIDIARY OF JOHNSON & JOHNSONSERVICES, INC)
10.8.1. COMPANY OVERVIEW
10.8.2. REVENUE ANALYSIS
10.8.3. PRODUCT PORTFOLIO
10.8.4. RECENT DEVELOPMENT
10.9. C. R. BARD, INC.
10.9.1. COMPANY OVERVIEW
10.9.2. REVENUE ANALYSIS
10.9.3. PRODUCT PORTFOLIO
10.9.4. RECENT DEVELOPMENTS
10.10. INTEGRA LIFESCIENCES CORPORATION
10.10.1. COMPANY OVERVIEW
10.10.2. REVENUE ANALYSIS
10.10.3. PRODUCT PORTFOLIO
10.10.4. RECENT DEVELOPMENTS
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