Global Orthopedic Soft Tissue Repair and Sports Medicine Market is Estimated to Reach $14 Billion by 2025, Says Accurize Market Research
Global orthopedic soft tissue repair and sports medicine market report published by Accurize Market Research forecast that the global market is expected to reach $14 billion by 2025; growing at a CAGR of 7.9% from 2017 to 2025. By geography, Asia Pacific and RoW are expected to grow at a CAGR of 9.1% and 8.0%, respectively, during the forecast period.
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Upsurge incidence of soft tissue injuries among the active aging population, lack of substitutes and introduction of new medicine technologies across the globe to drive the growth of the market
Rising incidence of soft tissue injuries among the active aging population, lack of substitutes for soft tissue repair surgery, and introduction of new medicine technologiesfuels the demand for the global orthopedic soft tissue repair and sports medicine market. Moreover, increased obesity rate,growing healthcare expenditure, and sport injuries also boost the growth of the market.
Market Segmentation
The global orthopedic soft tissue repair and sports medicine market has been bifurcated on the basis of surgical procedures, injury location, and geography. Surgical procedures asACL/PCL, meniscal repair, rotator cuff, shoulder labarum, hip arthroscopy, biceps tenodesis, and others are the segmentations of the global orthopedic soft tissue repairand sports medicine market. Further, the surgical injury is segmented by injury location as knee, hip, shoulder, and others.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada, and Mexico are analyzed under the North America market whereas Europe segment consist of UK, Germany, France, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
“Knee accounted for the largest market share in the surgical injury segment", says Accurize
By surgical injury segment,knee accounted for the largest market share in 2017, and is expected to grow with fastest CAGR in the component segment during the forecast period 2017 – 2025. By surgical procedure, ACL/PCL is expected to dominate the market with largest market share and fastest CAGR, followed by meniscal repair.
“North America dominated the global market with the highest market share over the forecast period", says Accurize
In 2017, North America held the maximun share in 2017 with 34%, whereas Europe held the second largest share with 21%. In terms of growth, Asia Pacific will dominate the market with fastest CAGR, driven by, increasing participation in sports, rising demand for minimal invasive surgeries, and increasing disposable income.
Top players in the market
The key market players include Smith and Nephew plc, Zimmer Biomet Holdings,Stryker Corporation, Arthrex Inc., Inc., Conmed Corporation, LifeNet Health Inc., AlloSource, and Acera Surgical Inc., DePuySynthes, ArthroCare Corporation, among others.
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