The latest research study “Orthopedic Soft Tissue Repair Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global orthopedic soft tissue repair market reached a value of US$ 3.26 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4.57 Billion by 2027, exhibiting a CAGR of 5.60% during 2022-2027.
Orthopedic soft tissue repair represents the procedures of replacing the damaged or injured tissues of muscles, ligaments, tendons, etc., with healthy tissues. It can be categorized into cruciate ligament repair, rotator cuff repair, lateral epicondylitis, Achilles tendinosis repair, pelvic organ prolapses, etc. These orthopedic soft tissue repair processes can be performed through minimally invasive techniques or open surgical procedures. They help to improve mobility, tissue strength, and muscle strength, reduce pain and swelling, and enhance the healing process. Consequently, orthopedic soft tissue repair methods are extensively utilized in various segments of the healthcare sector, including hospitals, ambulatory centers, orthopedic clinics, etc.
COVID-19 Impact on Market: (Positive Impact)
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Global Orthopedic Soft Tissue Repair Market Trends and Drivers:
The growing geriatric population that is extremely susceptible to injuries, owing to weakened ligaments and changes in skeletal and neuromuscular systems, is primarily driving the orthopedic soft tissue repair market. Furthermore, the rising participation of individuals in professional sports and the increasing risk of sports-related injuries are acting as significant growth-inducing factors.
Besides this, the introduction of platelet-rich plasma therapy, nerve root blocks, sacroiliac joint injections, and epidural steroid injections that prove effective in managing complex neuromuscular pain caused by orthopedic ligament tears is also positively influencing the market growth. Additionally, the development of new technologies, such as bioprinting, biological meshes, and biofabrication and the elevating healthcare per capita expenditure are expected to stimulate the orthopedic soft tissue repair market in the coming years.
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Orthopedic Soft Tissue Repair Market Report Scope |
|
Report Coverage |
Details |
Market size value in 2021 |
US$ 3.26 Billion |
Market forecast in 2027 |
US$ 4.57 Billion |
Growth Rate |
CAGR of 5.60% from 2022 to 2027 |
Base year for estimation |
2021 |
Historical data |
2016-2021 |
Forecast period |
2022-2027 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Procedure, Injury Location, End User and Region |
Regional scope |
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
Key companies profiled |
Arthrex Inc., Becton Dickinson and Company, Boston Scientific Corporation, CONMED Corporation, Integra LifeSciences, Johnson & Johnson, LifeNet Health, MTF Biologics, Smith & Nephew plc, Stryker Corporation, Tissue Regenix Group plc and Zimmer Biomet. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Procedure:
• Cruciate Ligaments Repair
• Rotator Cuff Repair
• Lateral Epicondylitis
• Achilles Tendinosis Repair
• Pelvic Organ Prolapse
• Gluteal Tendon Repair
• Hip Arthroscopy
• Biceps Tenodesis
• Others
Breakup by Injury Location:
• Knee
• Shoulder
• Hip
• Small Joints
Breakup by End User:
• Hospitals
• Ambulatory Centers
• Orthopedic Clinics
By Geography:
• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa
List of Major Key Players:
The major players in the market are Arthrex Inc., Becton Dickinson and Company, Boston Scientific Corporation, CONMED Corporation, Integra LifeSciences, Johnson & Johnson, LifeNet Health, MTF Biologics, Smith & Nephew plc, Stryker Corporation, Tissue Regenix Group plc and Zimmer Biomet.
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