The soft tissue repair global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Soft Tissue Repair Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The soft tissue repair market size has grown strongly in recent years. It will grow from $11.66 billion in 2023 to $12.66 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to increased prevalence of sports injuries, aging population and degenerative diseases, growth in healthcare expenditure and improved access to care, increased awareness and demand for cosmetic procedures..
The soft tissue repair market size is expected to see strong growth in the next few years. It will grow to $16.21 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to emphasis on patient education and rehabilitation, expanding geriatric population and chronic diseases, emergence of regenerative medicine and tissue engineering, rising healthcare expenditure and expanding medical tourism, focus on prevention and early intervention.. Major trends in the forecast period include digitalization and artificial intelligence (ai), collaboration and partnerships, customized and 3d-printed implants, robot-assisted surgery, wearable health monitoring..
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Scope Of Soft Tissue Repair Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Soft Tissue Repair Market Overview
Market Drivers –
The increasing cases of sport-related injuries boosted the growth of the soft tissue repair market in the historic period. Sports injuries are injuries that occur when participating in sports or exercising. In sports, soft tissue injuries are the most frequent. Tissues that attach, sustain, or surround other body structures and organs are referred to as soft tissue. For instance, according to the National Safety Council, an American non-profit organization promoting health and safety, in 2021, Exercise equipment accounted for about 409,000 injuries which was the most in any sports category. Bicycles and accessories were the second largest cause of injuries injuring 375,797 injuries in the US. Therefore, the increasing prevalence of sport-related injuries drove the growth of the soft tissue repair market.
Market Trends –
Major companies operating in the soft tissue repair market are focusing on strategic partnerships to expand product portfolio. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in August 2023, 3D Systems, a US-based company that provides comprehensive products and services, including 3D printers, print materials, software, on-demand manufacturing services, and healthcare solutions, partnered with Theradaptive to advance orthopedic and soft tissue repair using breakthrough regenerative therapeutics. Through this agreement, 3D Systems’ 3D printed medical devices will be coated with Theradaptive’s protein-based material-binding variations to encourage bone and tissue development. Theradaptive is a biopharmaceutical company that focuses on developing new therapies to restore quality of life.
The soft tissue repair market covered in this report is segmented –
1) By Product: Fixation Devices, Tissue Patch or Mesh, Laparoscopic Instruments
2) By Application: Hernia Repair, Dural Repair, Skin Repair, Vaginal Sling Procedures, Orthopedic Repair, Dental Repair, Breast Reconstruction Repair
3) By End User: Hospitals, Clinics, Research and Academic Institutes, Other End Users
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Regional Insights –
North America was the largest region in the soft tissue repair market in 2023. Asia-Pacific region is predicted to record fastest growth over the forecast period. The regions covered in the soft tissue repair market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the soft tissue repair market include Organogenesis Inc., Stryker Corporation, Johnson & Johnson Pvt. Ltd., Arthrex Inc., CryoLife Inc., Integra Lifesciences Corporation., Wright Medical Technology Inc., Smith & Nephew plc., C.R. Bard Inc., Medtronic PLC., Zimmer Biomet Holdings Inc., Lifenet Health Inc, Isto Biologics Company Inc., Covidien plc., Becton Dickinson and Company, LifeCell Corporation, Baxter Healthcare Corporation., Boston Scientific Corporation, Acelity L.P. Inc., Artivion Inc., Medprin Biotech GmbH., Medline Industries Inc., Cook Group Inc., Ethicon US LLC, RTI Surgical Inc., Tornier Inc., Atrium Medical Corporation., Coloplast Corp., ConvaTec Group Plc, Endo International Plc, Kinetic Concepts Inc., Mölnlycke Health Care AB
Table of Contents
1. Executive Summary
2. Soft Tissue Repair Market Report Structure
3. Soft Tissue Repair Market Trends And Strategies
4. Soft Tissue Repair Market – Macro Economic Scenario
5. Soft Tissue Repair Market Size And Growth
…..
27. Soft Tissue Repair Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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