Meniscus Repair Systems Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3857
Meniscus Repair Systems Market size is expected to grow significantly from 2019 to 2025.
Meniscus repair systems market is estimated to witness significant business growth over the coming years on an account of surging number of meniscus repair surgical procedures. Torn meniscus occurs due to trauma that can be caused through forceful hyper-flexing and twisting of knee-joint. Aforementioned risk is higher to athletes also the risk increases as an individual ages. Thus, rising number of sports injuries coupled with growing elderly population that is more prone to such type of injury is expected to boost meniscus repair systems industry growth. Additionally, factors such as inadequate rest after injury, undeveloped bones, poor conditioning and training contributes to overdo injuries that increases the risk of sports injury, thereby, drives meniscus repair systems business growth.
Technological advancements coupled with emphasize of manufacturers on developing novel meniscus repair systems to provide effective treatment are factors that will render a positive impact on meniscus repair systems market during the forecast timeframe. Furthermore, individuals involved in consistent physical activities, including military people, are also at a high risk of musculoskeletal damages such as meniscal tear. However, infection risk associated with meniscus repair surgical procedures may hamper meniscus repair systems industry growth.
All-inside meniscal repair system segment is expected to witness robust CAGR during the forecast timeline on an account of growing inclination of clinicians towards all-inside meniscal repair surgical procedures. Additionally, benefits provided by this repair system such as low complications coupled with reduced morbidity further boosts its preference, thus, contributes to segmental growth.
Radial tear segment will grow considerably during the forecast timeframe. The growth is attributable to factors such as less capacity of these tear to heal and growing number of radial tear incidence. Moreover, increasing number of sports injuries favor radial tear segmental growth.
Hospitals segment is estimated to witness exponential growth over the coming years. Increase in patient pool coupled with surging number of orthopedic surgical procedures are factors boosting hospitals segment growth.
North America meniscus repair systems industry is projected to witness robust CAGR during the forecast timeline. Growth is mainly attributed to increasing number of sports injuries along with quick adoption of novel technology. Furthermore, well-established healthcare infrastructure and growing awareness in individuals are factors that foster regional business growth.
Some of the major industry players operational in the meniscus repair systems industry includes Arcuro Medical, Arthrex, BIOTEK, Ceterix Orthopaedics, CONMED, Medtronic, Smith & Nephew, Stryker, and Zimmer Biomet. Prominent business players emphasize on strategies such as new product launches, mergers, and acquisition. For instance, in April 2018, Ceterix Orthopaedics, Inc. received FDA clearance to its NovoStitch Pro meniscal repair system. This product enables surgeons to arthroscopically place stitches in tight joint sections, thus, assists in complex meniscal tears.
Meniscus Repair Systems Market By Product Type, 2014-2025 (USD Million)
- All-inside Meniscal Repair System
- Inside-out Meniscal Repair System
- Outside-in Meniscal Repair System
- Meniscal Root Repair System
Meniscus Repair Systems Market By Clinical Application, 2014-2025 (USD Million)
- Horizontal Tear
- Radial Tear
- Flap Tear
- Complex Tear
- Bucket-handle Tear
- Oblique Tear
Meniscus Repair Systems Market By End-use, 2014-2025 (USD Million)
- Ambulatory Surgery Centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Arcuro Medical
- Arthrex, Inc.
- Ceterix Orthopaedics
- CONMED Corporation
- Medtronic plc.
- Smith & Nephew
- Zimmer Biomet
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