The global Orthopedic Soft Tissue Repair market was valued at USD 6546.2 Million in 2018 and is expected to reach USD 10208.1 Million by the year 2030, at a CAGR of 5.7%.
The global Orthopedic Soft Tissue Repair market was valued at USD 6546.2 Million in 2018 and is expected to reach USD 10208.1 Million by the year 2030, at a CAGR of 5.7%. Orthopedic soft tissue is a mass of cells that connect, support or surround bones. Orthopedic soft tissues include tendons, ligaments, skin, fat, cartilage, fascia, and other fibrous tissues. Degeneration of these tissues results in wear and tear which can be repaired using orthopedic soft tissue repair devices. Reparative, as well as restorative methods, have been developed to treat this condition. Rising incidence of soft tissue injuries among the active aging population, increased obesity rate, sports injuries, rising healthcare expenditure and lack of substitutes for soft tissue repair surgery, and introduction of novel medical technologies are the factors expected to propel the growth of the orthopedic soft tissue repair and sports medicine market.
Rising awareness regarding the development, commercialization, and promotion of advanced platelet-rich plasma devices also provide with several growth opportunities during the analysis period. Easy availability of innovative surgical products also leads to a high demand for orthopedic soft tissue repair procedures in the global market. Increasing incidence of sports-related injuries has become a leading cause of orthopedic soft tissue injuries worldwide. Athletes are most likely to injure their anterior cruciate ligament’s disabling complete stretching of their legs. Athletes participating in baseball and soccer are mostly affected by such type of injury. Meniscal tear is also a common soft tissue knee injury that is seen amongst athletes.
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Technological innovations and development continue to be observed in the orthopedic connective tissue repair market. Recent advances, such as innovative surgical techniques, orthobiologics and stem cell-based strategies, are showing an impact in the field of Anterior Cruciate Ligament reconstruction to make these procedures more effective. For instance, in July 2019, Zimmer Biomet, added the ROSA robotic device used for brain and spine surgeries to its product portfolio through its acquisition of Medtech. However, lack of awareness among people about orthopedic soft tissue repair, and increasing cost of surgical procedures may hinder the growth of the market.
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Key Coverage of the Report
- Region and country-wise assessment from the period 2019-2030. For the study, 2019-2017 has been utilized as historical data, 2018 as the base year, and 2019-2030 has been derived as forecasts for the Orthopedic soft tissue repair market
- Company profiling with detailed strategies, financials, and recent developments.
- To define, describe, and forecast the global Orthopedic soft tissue repair devices market with respect to the type of product, sales channel, material type, end-user, and region
- Strategical analysis of micro markets and macro markets with respect to individual growth trends, prospects, and contributions to the orthopedic soft tissue repair market.
- Demand and Supply GAP Analysis.
- Orthopedic soft tissue repair market forecasts for a minimum of 6 years of all the mentioned segments, and the regional markets
- Analysis of the presence of Orthopedic soft tissue repair market in the country along with region-wise analysis and their market penetration across the regions; their structure, i.e., chain, independent, pharmacies, and hospitals; and the availability Orthopedic soft tissue repair products.
- Detailed analysis of information regarding the major factors influencing the growth of the orthopedic soft tissue repair market (drivers, restraints, opportunities, and challenges).
- The regulatory framework of different nations is analyzed in detail.
- Key strategic initiatives of the Orthopedic soft tissue repair industry like mergers, acquisitions, product developments, product launches, product agreements, regulatory approvals, collaborations, partnerships, market extensions, service launches and market penetration of the Orthopedic soft tissue repair market players and their detailed analysis.
- Analysis of competitive intelligence through strategic developments and market opportunities for stakeholders with complete details of the orthopedic soft tissue repair market leaders.
- A comprehensive mapping of the competitive landscape and market participants’ behavior.
- Regional Competitors pipeline analysis of the Orthopedic soft tissue repair market
- Complete Orthopedic soft tissue repair devices market forecast & estimation of the global Orthopedic soft tissue repair market with respect to five central regions—North America, Asia Pacific (APAC), Europe, Latin America, and the Middle East and Africa (MEA)
Salient Trends of the Orthopedic Soft Tissue Repair Market
- Soft tissues are frequently injured during sports, and physical training includes muscles, tendons, and ligaments. Knee injuries are the most common musculoskeletal traumas among people. Anterior cruciate ligament injury is a frequently occurring knee injury, and the standard treatment for this is surgical reconstruction.
- Geriatric population also plays a vital role in driving the growth for orthopedic soft tissue repair market. Aging results in weakening of ligament and changes in skeletal and neuromuscular systems. Hence, wear and tear of soft tissues resulting from weakened connective tissues in the aging population is expected to drive the market growth
- The continuous advancements in technology in the orthopedic soft tissue repair space support the market growth over the forecast period. Therapies such as platelet-rich plasma quite effective in the management of complex musculoskeletal and neuromuscular pain caused due to an orthopedic ligament tear.
- Market leaders are adopting strategies such as a merger, acquisitions, and expansion to maintain their position in the market. For instance, in 2017, Smith & Nephew acquired ArthroCare Corporation by Smith & Nephew to diversify their product portfolio.
- However, lack of knowledge, increasing cost of surgical procedures, and lack of reimbursement are some of the major factors hindering the growth of orthopedic soft tissue repair market.
Companies considered and profiled in this market study
Stryker, Arthrex, Zimmer Biomet, DePuy Synthes, CONMED Corporation, Zimmer Biomet Holdings, Tornier, AlloSource, LifeNet Health and Smith & Nephew are some of the major players in orthopedic soft tissue repair market.
Market-O-Nomics
- Cruciate ligaments repair procedure captured the largest revenue share in 2018. Large procedure rate of cruciate ligament repair in knee surgeries, owing to the high incidence rate is mainly attributed to the dominance of this segment.
- North America held the largest share of 34.9% of the global orthopedic soft tissue repair market in 2018 owing to the rising healthcare expenditure in the region.
- Based on injury location, 41.7% of the injuries are located near the knee area. Knee injuries are the most common musculoskeletal disorders prevalent among people. Knee injuries are also quite common in geriatric population owing to weakening of muscles.
- Asia Pacific region is expected to witness the fastest growth at CAGR of 6.6% over the forecast period; owing to the rising disposable income of people in this region.
- The rotator cuff segment accounted for 29.7 % of the global orthopedic soft tissue market followed by Epicondylitis segment.
Segments covered in the report
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2019 to 2030. For the purpose of this study, Reports and Data have segmented the Orthopedic Soft Tissue Repair market on the basis of procedure type, injury type, and region:
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Procedure (Revenue, USD Million; 2019–2030)
- Rotator cuff repair
- Epicondylitis
- Achilles tendinosis repair
- Pelvic organ prolapsed
- Gluteal tendon repair
- Cruciate ligaments repair
- Hip Arthroscopy
- Biceps Tenodesis
- Others
Injury Location (Revenue, USD Million; 2019–2030)
- Knee
- Shoulder
- Hip
- Small joints
Regional Outlook (Revenue in USD Million; 2019–2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Egypt
- Rest of MEA
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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