Enjoy complimentary customisation on priority with our Enterprise License!
The soft tissue repair market size is forecast to increase by USD 3.42 billion between 2022 and 2027, accelerating at a CAGR of 4.5%. The report includes a comprehensive outlook on the Soft Tissue Repair Market, offering forecasts for the industry segmented by End-User, which comprises Hospitals, Ambulatory surgical services, and Clinics. Additionally, it categorizes Product into Soft tissue fixation devices and accessories, Cell therapy, and Tissue scaffolds and covers Geography regions, including North America, Europe, Asia, and Rest of World (ROW). The report provides market size, historical data spanning from 2017 to 2021, and future projections, all presented in terms of value in (USD billion) for each of the mentioned segments.
To learn more about this report, Download Report Sample
The number of elderly people has raised due to longer life expectancy and this number is expected to increase sharply during the forecast period. Important skeletal and neuromuscular changes due to aging can lead to arthritis, weak ligaments, and tearing of the ACL. The growing number of elderly people has increased the demand for orthopedic soft tissue repair procedures worldwide. According to the Census Bureau, by 2060 there will be 95 Billion Americans age 65 or older, up from about 52 Billion in 2018, and the share of people 65 and older is expected to grow from 16%. at 23%. Hence, the increasing demand for acute and long-term healthcare services is expected to propel the growth of the global soft tissue repair market during the forecast period.
The market share growth by the hospitals segment will be significant during the forecast period and was valued at USD 7.02 billion in 2017. Hospitals are the main end users influencing the growth of the market. The orthopedic soft tissue repair product manufacturers focus on providing high-quality products to hospitals to enhance their brand /image and thereby expand their product reach. To increase the effectiveness of treatment, hospitals are applying this device to diagnose diabetic retinopathy, cardiovascular disease, and dermatology. Large hospitals such as general hospitals have over 500 beds, providing accommodation for individuals from the locality and surrounding areas. The demand for soft tissue repair products in the hospital will increase due to the increasing number of hospitalizations for surgical care. Medium-sized hospitals have a limited number of providers. The number of emergency room visits is increasing due to the increasing number of traumatic brain and orthopedic injuries. This will increase sales of orthopedic soft tissue repair products in mid-sized hospitals. Hence, these factors will fuel the growth of the hospital segment of the global soft tissue repair market during the forecast period.
North America is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers will shape the market during the forecast period. Due to the growing demand for stem cell and tissue products designed to treat various diseases, increased funding in the US from the National Institutes of Health (NIH) and the Agency for Research and Biomedical Advanced Development (BARDA) will support product development. The potential of these products is one of the key factors driving the market in North America. For cell therapy, the application of stem cells and advances in nanotechnology will represent further advancement in this market.
Furthermore, market players like Medtronic and others have increased investment in R&D to develop innovative medical therapies, which is driving the overall growth of the market. The market is quite fragmented, with the presence of many large and small players. The market is also witnessing an increase in the number of mergers and acquisitions and strategic supplier alliances, which will have a remarkable impact on the growth of the market by increasing the number of products and developing new products. Therefore, such factors will drive the growth of the market in this region during the forecast period.
To understand geographic trends Download Report Sample
The Soft Tissue Repair Market is fragmented in nature. Some significant players include 3M Co., Acera Surgical Inc., AlloSource, Arthrex Inc., Artivion Inc.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Becton Dickinson and Co., Conmed Corp., Ed. Geistlich Sohne AG, Integra Lifesciences Corp., Johnson and Johnson, JRF Ortho, Koninklijke DSM NV, LifeCell International Pvt. Ltd., LifeNet Health Inc., Medtronic Plc, RTI Surgical Inc., Smith and Nephew plc, Stryker Corp., Tissue Regenix Group Plc, and Zimmer Biomet Holdings Inc.
The soft tissue repair market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.
Soft Tissue Repair Market Scope |
|
Report Coverage |
Details |
Page number |
163 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
Market growth 2023-2027 |
USD 3.42 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.86 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 34% |
Key countries |
US, Germany, France, UK, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Acera Surgical Inc., AlloSource, Arthrex Inc., Artivion Inc., Becton Dickinson and Co., Conmed Corp., Ed. Geistlich Sohne AG, Integra Lifesciences Corp., Johnson and Johnson, JRF Ortho, Koninklijke DSM NV, LifeCell International Pvt. Ltd., LifeNet Health Inc., Medtronic Plc, RTI Surgical Inc., Smith and Nephew plc, Stryker Corp., Tissue Regenix Group Plc, and Zimmer Biomet Holdings Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.