Orthopedic Soft Tissue Repair Market Driven by Healthcare Awareness with CAGR of 6.3% from 2021 to 2028.

 Orthopedic Soft Tissue Repair Industry Overview

The global orthopedic soft tissue repair market size was valued at USD 5.9 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.3% from 2021 to 2028.

Increasing incidence of soft tissue injuries due to growth in the aging population, obesity rate, sports and physical activity injuries, and trauma accidents is likely to propel market growth over the forecast period. In addition, innovations in new therapies and devices, growing R&D activities, and increasing healthcare awareness and per capita expenditure with a lack of substitutes for soft tissue repair therapies, are other factors expected to drive the demand for orthopedic soft tissue repair therapies. The introduction of new developing technologies, such as biological meshes, bioprinting, and biofabrication, is also expected to bolster market growth. For instance, CoNextions TR by CoNextions Medical provides a fast surgical process, stronger repair strength, and quicker patient recovery as compared to current suture-approach repair procedures.

The surge in the incidence of sports-related injuries along with rapid growth in the number of athletes is key impact-rendering drivers for the market over the forecast period. Sports activities are the leading cause of soft tissue injuries worldwide. Athletes are prone to ACL injuries, which can hinder their mobility. According to an emergency room visits survey conducted by Safe Kids Worldwide, young athletes visit hospital emergency rooms for sports-related injuries more than a million times a year. Rising career opportunities and growing inclination toward fitness, owing to growing health awareness have increased the number of people choosing sports as a hobby or a career. It, in turn, is expected to increase their chances of incurring injuries. For instance, according to the Standard Children’s Health, in the U.S., out of 30 million children and teens participating in sports, about 3.5 million incur injuries.

Gather more insights about the market drivers, restrains and growth of the Global Orthopedic Soft Tissue Repair Market

Improvement of life expectancy has led to an increase in the geriatric population, which is expected to grow significantly in the future. Aging causes critical changes in the skeletal and neuromuscular systems, which may lead to arthritis, weakened ligaments, and ACL tears. An increase in the geriatric population has led to a rise in global demand for orthopedic soft tissue repair surgeries. Currently, the geriatric population is growing rapidly. As per the Population Reference Bureau, in July 2019, the number of Americans aged 65 years, or more is projected to double from an estimated 52 million in 2018 to 95 million by 2060. The overall population aged 65 years and above is anticipated to rise from 16% to 23%. Therefore, the need for acute and long-term healthcare services is increasing, which is expected to drive the market for orthopedic soft tissue repair.

Rising awareness about orthopedic soft tissue repairs is another factor responsible for significant market growth. Neuromuscular training programs are being conducted for athletes, which are expected to significantly help in reducing the risk of ACL tears and other injuries. In addition, increasing awareness about osteoporosis, which is the most common disorder in the population aged over 70 years, is also increasing. As per International Osteoporosis Foundation, the total number of hip fractures is expected to increase from 1.66 million in 1990 to 6.26 million in 2050. The growing prevalence of this disorder can lead to an increase in economic burden for various countries, thereby propelling market growth.

Furthermore, increasing investments in R&D, collaborations with other industry players, geographic expansions, and product differentiation are among the key strategies adopted by key companies for gaining a competitive edge in the market. For instance, in December 2020, Zimmer Biomet acquired A&E Medical, a provider of sternal closure devices. This acquisition was expected to strengthen the former’s portfolio of sternal closure products and rigid fixation devices, enabling it to cater to the unmet needs of patients and clinicians.

Browse through Grand View Research's Medical Devices Industry Research Reports.

  • Soft Tissue Repair Market - The global soft tissue repair market size was estimated at USD 5.73 billion in 2016. A growing number of surgeries fueled by ageing population and rising trauma cases are anticipated to propel the demand for soft tissue repair devices and in turn, provide lucrative growth opportunities for manufacturers.
  • Pessary Market - The global pessary market size was valued at USD 239.9 million in 2020 and is expected to expand at a CAGR of 9.2% from 2021 to 2028.

Orthopedic Soft Tissue Repair Market Segmentation

 

Grand View Research has segmented the global orthopedic soft tissue repair market based on application, injury location, and region:

 

  • Orthopedic Soft Tissue Repair Application Outlook (Revenue, USD Million, 2016 - 2028)
    • Rotator Cuff Repair
    • Epicondylitis
    • Achilles Tendinosis Repair
    • Pelvic Organ Prolapse
    • Gluteal Tendon Repair
    • Cruciate Ligaments Repair
    • Hip Arthroscopy
    • Biceps Tenodesis
    • Others

 

  • Orthopedic Soft Tissue Repair Injury Location Outlook (Revenue, USD Million, 2016 - 2028)
    • Knee
    • Shoulder
    • Hip
    • Small Joints

 

  • Orthopedic Soft Tissue Repair Regional Outlook (Revenue, USD Million, 2016 - 2028)
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa

 

Market Share Insights

  • January 2021: Smith & Nephew acquired the Extremity Orthopedics business from Integra LifeSciences Holdings Corporation for USD 240 million. This acquisition was expected to bolster the extremities segment’s growth, as well as shoulder replacement and foot and ankle segments.

Key Companies profiled:

Some prominent players in the global orthopedic soft tissue repair market include

  • Arthrex, Inc.
  • DePuy Synthes, Inc.
  • Stryker
  • Wright Medical Group N.V.
  • Zimmer Biomet
  • CONMED Corporation
  • Integra LifeSciences Holding Corporation
  • Smith & Nephew

 

Order a free sample PDF of the Orthopedic Soft Tissue Repair Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

 

 

 

 

 

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