Orthopedic Soft
Tissue Repair Market Size, Market Share, Application Analysis, Regional
Outlook, Growth Trends, Key Players, Competitive Strategies And Forecasts, 2017
To 2025
Orthopedic Soft
Tissue Repair Market - Growth, Future Prospects and Competitive Analysis,
2017-2025, the global orthopedic soft tissue repair market was valued at US$
5,910.7 Mn in 2016, and is expected to reach US$ 9,736.0 Mn by 2025, expanding
at a CAGR of 5.6% from 2017 to 2025.
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Market Insights
The growth of
orthopedic soft tissue repair market is mainly attributed to increase in the
cases of sports-associated injuries across prime age-groups. Additionally,
growing incidence of musculoskeletal conditions such as arthritis in geriatric
population and increasing obese population also contribute to the growth of
this market. Easy and prompt availability of innovative surgical products will
also lead to high demand for orthopedic soft tissue repair procedures in the
global market. Procedures rotator cuff repair are expected to gain significant
traction during the forecast period. On the other hand, high cost of such
procedures, limited reimbursements, and availability of non-surgical
alternatives may restrain the growth of global orthopedic soft tissue repair
market.
Based on procedure
types, the global orthopedic soft tissue repair market is studied for rotator
cuff repair, epicondylitis, achilles tendinosis repair, pelvic organ prolapse,
gluteal tendon repair, cruciate ligaments repair, hip arthroscopy, biceps
tenodesis, and others. Among these, cruciate ligaments repair procedure
captures the largest revenue share in 2016. Large procedure rate of cruciate
ligament repair in knee surgeries, owing to high incidence rate is mainly
attributed to the dominance of this segment.
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Among the various
therapeutic sites, knee segment is expected to retain its dominance in the
global orthopedic soft tissue repair market during the forecast period. Knee
injuries being the most common form of musculoskeletal ailment across
geriatrics, sports personnel and vehicular accident events is the chief
contributor to the dominance of this segment. It is estimated that the segment
captures over 35 of overall market in 2016.
Geographically,
North America is the largest regional market for orthopedic soft tissue repair
products. High incidence of musculoskeletal injuries and greater awareness
about the availability of novel treatment solutions in the region contributes
to the dominance of North America on the global front. Additionally, existence
of large potential patient pool, significant geriatric population and
widespread untapped opportunities make Asia Pacific the most lucrative market
for investment.
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One of the prime
trends witnessed in the global orthopedic soft tissue repair market is rapid
commercialization of innovative surgical solutions followed by strategic
partnerships among market players. This market is characterized by presence of
several market players, both general and niche leading to stern competition.
This has led to growth in partnership events by market players among each other
and research institutes to ensure their foothold in the market. Significant
failure in clinical trials and high cost of procedures however, will hold back
the market growth.
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