Categories: Healthcare

Soft Tissue Repair Market Share & Statistics 2024-2033

The Orthopedic Soft Tissue Repair 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 Orthopedic Soft Tissue Repair, 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.

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.

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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

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 report table of contents includes: