Orthopedic Soft Tissue Repair and Sports Medicine Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2016-2025
Orthopedic Soft Tissue Repair and Sports Medicine Market size is projected to be valued $14 Billion by 2025; with a CAGR of 8% from 2017 to 2025. Orthopedic soft tissue repair devices are used for closed technique treatments of injured or worn joints. Orthopedic soft tissue repair consists of devices that are used for fixing rotator cuff, shoulder labrum, ACL/PCL, meniscal repair, graft options for tendons and cartilage along with devices for hip arthroscopy. Majorly such treatments are performed on knee and shoulder joints,while interest among surgical community in hip and small joint arthroscopy is also growing.
Increased obesity rate, rising incidence of soft tissue injuries among the active aging population, growing healthcare expenditure,sport injuries, lack of substitutes for soft tissue repair surgery, and introduction of new medicine technologies are the factors propelling the growth of the orthopedic soft tissue repair and sports medicine market. However, lack of awareness among people about orthopedic soft tissue repair, and increasing cost of surgical procedures may hinder the growth of the market.Rising awareness regarding the development, promotion of advanced platelet rich plasma devices, and commercializationmight provide with several growth opportunities in the forecasted years.
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.
North America, Europe, Asia-Pacific, and Rest of the World (RoW) are the geographical classifications of the market.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.
Top players in the market include Smith and Nephew plc, Zimmer Biomet Holdings,Stryker Corporation, Arthrex Inc., Inc., Conmed Corporation, LifeNet Health Inc., AlloSource, and Acera Surgical Inc., DePuy Synthes, ArthroCare Corporation, among others.
The key takeaways from the report
Scope of Orthopedic Soft Tissue Repair and Sports Medicine Market