March 28, 2020
Orthopedic Soft Tissue Repair

Orthopedic Soft Tissue Repair Market prescribes strong globally in the new report

According to the latest report published by Credence Research, Inc. “Orthopedic Soft Tissue Repair Market – Growth, Future Prospects and Competitive Analysis, 2017-2025,” the global market for orthopedic soft tissue repairs was estimated at US$ 5,910.7 million in 2016 and is expected to reach US$ 9,736.0 million by 2025, with a CAGR increase of 5.6 per cent from 2017 to 2025.

Growth in the market for orthopedic soft tissue repairs is mainly due to an increase in cases of sport-associated injuries across primary age groups. In addition, the increasing incidence of musculoskeletal conditions such as arthritis in the geriatric population and the increasing obese population also contribute to the growth of this market. Easy and timely availability of innovative surgical products will also result in high demand for orthopedic soft tissue repair procedures on the global market. Procedures Rotator cuff repair is expected to achieve significant traction during the forecast period.

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On the other hand, the high cost of such procedures, limited refunds and availability of non-surgical alternatives may restrict the growth of the global market for soft tissue orthopedic repairs.

The global orthopedic soft tissue repair market is studied for rotator cuff repair, epicondylitis, achille tendinosis repair, pelvic organ prolapse, gluteal tendon repair, cruciate ligament repair, hip arthroscopy, biceps tenodesis, and other types of procedures. Among these, the cruciate ligament repair procedure captures the largest revenue share in 2016.

The large rate of procedure for the repair of the cruciate ligament in the knee surgery due to the high incidence rate is mainly attributed to the dominance of this segment.

Among the various therapeutic sites, the genome segment is expected to retain its dominance in the global soft tissue orthopedic repair market during the forecast period. Knee injuries, which are the most common form of musculoskeletal disease in geriatrics, sports personnel and vehicle accidents, are the major contributors to the dominance of this segment. The segment is estimated to account for more than 35 of the total market in 2016.

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Geographically, North America is the largest regional market for soft tissue orthopedic repair products. The high incidence of musculoskeletal injuries and increased awareness of the availability of novel treatment solutions in the region contribute to North America’s global dominance. In addition, the existence of a large potential patient pool, a large geriatric population and widespread untapped opportunities make Asia Pacific the most lucrative investment market.

One of the main trends seen in the global orthopedic soft tissue repair market is the rapid commercialization of innovative surgical solutions followed by strategic partnerships between market players. This market is characterized by the presence of a number of market players, both general and niche, leading to tough competition. This has led to an increase in partnership events between market players and research institutes to ensure their market foothold. However, a significant failure in clinical trials and a high cost of procedures will slow down the growth of the market.

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Key research study highlights comprise:

  1. Exhaustive research and analysis of the global ORTHOPEDIC SOFT TISSUE REPAIR industry
  2. The key market segments along have been explained in the report thoroughly along with their existing and estimated market size
  3. Major elements of market dynamics such as drivers, challenges and opportunities and their effect on ORTHOPEDIC SOFT TISSUE REPAIR market is also covered in the report
  4. Key players operating in the market are profiled and accompanied with the competitive landscape evaluated on the basis of product offering & business strength
  5. Cross sectional analysis of each region covering individual segments for the forecast period 2016 – 2015 in terms of value (US$Mn)

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Research methodology applied for this study:

Methodology of this research study includes primary and secondary research for defining the market size, shares and forecast for global ORTHOPEDIC SOFT TISSUE REPAIR market specific to key segments, and regional segmentation.

  1. Secondary Research

Secondary research was initiated with data collected through sources such as press releases, company annual reports, and relevant documents focusing on the current developments in the global ORTHOPEDIC SOFT TISSUE REPAIR market. Authentic sources such as university research papers, scientific journals, and government websites were similarly screened for identifying business opportunities in several geographical markets and penetration of various products/services in these geographies. Paid databases were excavated to assemble information beneficial for broad commercial study of the key players operating in ORTHOPEDIC SOFT TISSUE REPAIR market. In case lack of data availability on the public domain, we used estimation models to arrive at comprehensive data sets. Secondary research helped to create a firm base to build market size, analyze trends, and understand the dynamics of ORTHOPEDIC SOFT TISSUE REPAIR market study.

  • Primary Research

The exhaustive secondary research practiced was supported & validated by extensive primary research. Primary research was carried out with the help of e-mail interactions, telephonic interviews, as well as face-to-face interviews with the leading industry stakeholders.

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