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The orthopedic 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.
Orthopedic 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 orthopedic soft tissue repair market size has grown strongly in recent years. It will grow from $5.61 billion in 2023 to $6.05 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to advancements in surgical techniques, technological innovations in implants, sports-related injuries, aging population, regenerative medicine research.
The orthopedic soft tissue repair market size is expected to see strong growth in the next few years. It will grow to $8.23 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to increasing geriatric population, rise in sports injuries, regenerative medicine development, minimally invasive procedures. Major trends in the forecast period include biological augmentation techniques, demand for minimally invasive procedures, advancements in implant technologies, focus on tissue engineering, personalized treatment approaches.
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Scope Of Orthopedic 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.
Orthopedic Soft Tissue Repair Market Overview
Market Drivers –
The increasing incidence of sports-related injuries is expected to propel the growth of the orthopedic soft tissue repair market going forward. Sports injuries are those sustained while participating in sports or exercising events. Orthopedic soft tissue repair is used in the repair of muscle, blood vessels, fibrous tissue, and other supporting connective tissues, that are injured during sports. For instance, according to the National Safety Council, a US-based non-profit organization promoting health and safety, in 2021, exercise equipment accounted for about 409,000 injuries which were the most in any sports category. Bicycles and accessories were the second largest cause of injuries causing 375,797 injuries in the USA. Therefore, the increasing incidence of sports-related injuries is driving the growth of the orthopedic soft tissue repair market.
Market Trends –
Major companies operating in the orthopedic soft tissue repair market are innovating new products, such as the soft tissue stabilization system, to sustain their position in the market. A soft tissue stabilization system is a medical device designed to support and secure soft tissues, such as ligaments or tendons, to promote healing and stability. For instance, in May 2022, Paragon 28 Inc., a US-based medical device company, launched the TenoTac 2.0 Soft Tissue Stabilization System. TenoTac 2.0 Soft Tissue Stabilization System is a soft tissue fixation system designed to address the source of the toe contracture permanently. The TenoTac 2.0 Soft Tissue Stabilization System uses a threaded titanium implant with a spiked base to achieve and hold soft tissue fixation. This system provides instrumentation with a two-handed technique to achieve correction, temporary fixation, and final implant placement. It is available in a sterile kit with two dorsal lengths to accommodate varying patient anatomies.
The orthopedic soft tissue repair market covered in this report is segmented –
1) By Procedure: Cruciate Ligaments Repair, Rotator Cuff Repair, Lateral Epicondylitis, Achilles Tendinosis Repair, Pelvic Organ Prolapse, Gluteal Tendon Repair, Hip Arthroscopy, Biceps Tenodesis, Other Procedures
2) By Injury Location: Knee, Shoulder, Hip, Small Joints
3) By End User: Hospitals, Ambulatory Centers, Orthopedic Clinics
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Regional Insights –
North America was the largest region in the orthopedic soft tissue repair market in 2023. The regions covered in the orthopedic soft tissue repair market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the orthopedic soft tissue repair market report are Arthrex Inc., DePuy Synthes Inc. – Johnson & Johnson, Stryker Corporation, Wright Medical Group N.V., Zimmer Biomet, CONMED Corporation, Integra LifeSciences Holding Corporation, Smith & Nephew plc, LifeNet Health, Becton Dickinson and Company, MTF Biologics, C.R Bard Inc., Tissue Regenix Group plc, American Medical Systems Inc., Lifecell Corporation, Medtronic plc, Conformis Corporation, DJO Global Inc., Olympus Corporation, Terumo Corporation, Bioventus Inc., Mitek Corporation, Aesculap AG & Co. KG, Braunfels GmbH & Co. KG, OsteoMed Ltd., Healius Ltd., Pacira Pharmaceuticals Inc., Acelera Pharma Ltd., NuVasive Inc., Exactech Inc., Globus Medical Inc. .
Table of Contents
1. Executive Summary
2. Orthopedic Soft Tissue Repair Market Report Structure
3. Orthopedic Soft Tissue Repair Market Trends And Strategies
4. Orthopedic Soft Tissue Repair Market – Macro Economic Scenario
5. Orthopedic Soft Tissue Repair Market Size And Growth
…..
27. Orthopedic 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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