Published on : Dec 15, 2017
Albany, New York, December 15, 2017: In recent times, a number of technological advancements and innovations have been observed in orthopedic connective tissue repair procedures. Global market leaders, have been developing new bioabsorbable soft tissue fixes over the past few years, which has positively influenced the growth of soft tissue repair market. According to a recent analysis, the global soft tissue repair market is likely to be influenced by increasing aging population and increasing prevalence of anterior cruciate ligament (ACL) among athletes. To elaborate further, the study titled “Global Soft Tissue Repair Market: Industry analysis (2012-2016) and Opportunity Analysis (2017-2022)” has been added to the vast repository of Market Research Hub (MRH), which covers information on performance of the global market for soft tissue repair in terms of revenue contribution of various market segments.
As per the study key evaluations, the global soft tissue repair market is projected to grow at over 5% CAGR throughout the forecast period. Also, it is expected to account for over US$ 15,000 Million revenues by 2022 end. It is a well-known fact that increasing geriatric population needs care and treatment options for skeletal disorders. There has been a rise in awareness about possibility of skeletally immature patients to be affected from tear in their ligaments and connective tissue. The process of soft tissue repair commences from occurrence of injury and moves ahead toward its healing, which is divided into three steps- inflammation, tissue repair, remodeling.
Also, the most common reasons for muscle damage are sports-related injuries. Athletes often are affected from ACL tear while playing the game, or performing other physical activities. In this case, treatment options that involve soft tissue repair, these injuries are being taken care of. On account of these factors, the adoption of soft tissue repair is growing among healthcare service providers.
In order to give readers detailed insights on the global soft tissue repair market, the report offers detailed segmentation and analysis. The report has segmented the market on the basis of product, end-use, application and region. According to the report, laparoscopic instruments and synthetic mesh are likely to remain steady over the forecast period among various product type. These product types are likely to grow at a steady CAGR during the forecast period.
Soft tissue repairs find their application in treating a range of disorders; such as breast reconstruction repair, dental, hernia repair, skin repair, vaginal sling procedures and orthopedic. Presently, orthopedic application remains one of the leading segments in terms of revenue. Skin repair is another key application segment for soft tissue repair globally. These two end use application segments are likely to account for over US$ 7 billion in revenues by the end of the forecast period. On the basis of end-use, the report projects hospitals to be one of the leading segments.
A certain chapter of the report highlights key growth trends of the global market for soft repair tissue on the basis of regions. According to the findings, North America is expected to be the dominant region in the global soft tissue repair market, in terms of revenues. This is mainly because of the rise in healthcare expenditure in the region.
Moving further, the study includes the profiles of key players in the market and the strategies adopted by them to sustain in the competition. The leading players profiled in the report include Braun Melsungen AG, Smith & Nephew, Zimmer Biomet Holdings, Inc., CONMED Corporation, Wright Medical Group N.V., Integra LifeScience Corporation, Medtronic Plc., DePuy Synthes, C. R. Bard, Inc., Stryker Corporation, and Arthrex Inc.
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