Soft Tissue Repair Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Japan, China, India, Brazil, Mexico, South Africa, Saudi Arabia), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI4166
Soft Tissue Repair Market size is projected to experience significant growth from 2019 to 2025.
Increase in the incidence of sports-related injuries will stimulate global soft tissue repair market growth in the forthcoming years. According to the Center for Diseases Control and Prevention, nearly 213 million Americans aged 6 years and over took part in sports and fitness activities in 2015. With growing participation, the incidence of sports injuries will increase, thereby increasing the demand for tissue repair. Additionally, the growing geriatric population susceptible to ligament weakening will upsurge the demand for tissue repair procedures in the forthcoming period.
Increasing product innovations coupled with growing R&D activities will upsurge soft tissue repair market size over the forecast timeframe. Also, new developing technologies including bioprinting and biofabrication will positively impact industry growth. For instance, CoNextions Medical designed CoNextions TR that will offer several advantages over the current suture-based repair procedure such as fast surgical process, strong repair strength, and improved quality of patient recovery. Thus, technological advancements will boost market growth in the future.
However, unfavorable reimbursement policies and the high cost of these procedures will impede the market growth. Additionally, availability of alternatives for soft tissue repair including physiotherapy will hinder the market growth.
Biological mesh product segment will hold significant revenue size over the foreseeable years. Advantages of biological mesh over other products such as biocompatibility and reduce risk of infection will upsurge their demand over the coming years. Wide array of applications including several types of hernia repair, pelvic floor dysfunction, and reconstructive plastic surgery will foster segment growth. However, high cost of material may impede the growth.
Orthopedic repair segment is anticipated to dominate the market over the projected timeframe. This will be attributed to high participation in sports coupled with increasing number of anterior cruciate ligament (ACL) injury. According to the American Orthopedic Society for Sports Medicine, there are annually 100,000 to 200,000 ACL injuries in the United States. Additionally, expanding geriatric population base that is more susceptible to musculoskeletal problems and ligament injuries will augment segmental growth.
U.S. soft tissue repair market will dominate the overall industry owing to the presence of well-established infrastructure and higher awareness pertaining to the potential benefits of biological grafts. Increasing baby boomer population coupled with growing trauma cases is expected to increase the demand for tissue repair products. Additionally, presence of a large number of key players and technological innovations in orthopedic repair products will pose lucrative market growth opportunity in the foreseeable future.
China soft tissue repair market is expected to grow at a significant pace due to increasing occurrence of traumatic injuries resulting from sports. Increasing product availability in China and rapid development of medical device industry will increase the adoption of soft tissue repair products by hospitals across the country. Moreover, increasing healthcare expenditure as well as growing baby boomer population base will impact China soft tissue repair industry growth during the forecast period.
Some of the major key players involved in the global soft tissue repair market are Allergan, Athersys, Inc., Integra LifeSciences Corporation, Organogenesis among others. Firms are implementing new business growth strategies and acquisitions to broaden their product portfolio and foster revenue generation. For instance, in January 2017, Allergan announced the acquisition of LifeCell that enabled Allergan to expand aesthetic and regenerative product portfolio.
Soft Tissue repair Market by Product, 2014-2025 (USD Million)
- Tissue fixation devices
- Suture Anchor
- Interference Screws
- Other Devices
- Tissue matrix
- Synthetic Mesh
- Biologic Mesh
Soft Tissue Repair Market by Application, 2014-2025 (USD Million)
- Orthopedic repair
- Breast reconstruction
- Skin repair
- Head and neck product
- Hernia repair
- Dental repair
- Pelvic and vaginal prolapse repair
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- Athersys, Inc.
- CryoLife, Inc.
- Integra LifeSciences Corporation
- Stryker Corporation
- Zimmer Biomet
- Smith & Nephew, Inc.
- DePuy Synthes
- Braun Melsungen AG
- Arthrex Inc.
- Wright Medical Group N.V.
- Baxter Healthcare Corporation
- Boston Scientific Corporation
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