The Soft Tissue Repair Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Soft Tissue Repair Global Market Report 2024, 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.
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.
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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
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 report table of contents includes:
1. Executive Summary
2. Soft Tissue Repair Market Characteristics
3. Soft Tissue Repair Market Trends And Strategies
4. Soft Tissue Repair Market – Macro Economic Scenario
5. Global Soft Tissue Repair Market Size and Growth
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26. South America Soft Tissue Repair Market
27. Brazil Soft Tissue Repair Market
28. Middle East Soft Tissue Repair Market
29. Africa Soft Tissue Repair Market
30. Soft Tissue Repair Market Competitive Landscape And Company Profiles
Top Major Players:
- Organogenesis Inc
- Stryker Corporation
- Johnson & Johnson Pvt. Ltd
- Arthrex Inc
- CryoLife Inc
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