Global Orthopedic Soft Tissue Repair and Sports Medicine Market
Added: (Mon Sep 30 2019)
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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, the 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 medical 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 medical technologies fuel the demand for the global orthopedic soft tissue repair and sports medicine market. Moreover, increased obesity rates, growing healthcare expenditure, and sports injuries also boost the growth of the market.
The global orthopedic soft tissue repair and sports medicine market have been bifurcated on the basis of surgical procedures, injury location, and geography. Surgical procedures as ACL/PCL, meniscal repair, rotator cuff, shoulder labrum, hip arthroscopy, biceps tenodesis, and others are the segmentations of the global orthopedic soft tissue repair and sports medicine market. Further, the surgical injury is segmented by injury location as the knee, hip, shoulder, and others.
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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 consists of the UK, Germany, France, and the Rest of Europe. Asia-Pacific is segmented into India, China, Japan, and the Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa.
“Knee accounted for the largest market share in the surgical injury segment", says Accurize
By the surgical injury segment, the knee accounted for the largest market share in 2017 and is expected to grow with the fastest CAGR in the component segment during the forecast period 2017 – 2025. By surgical procedure, ACL/PCL is expected to dominate the market with the 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 maximum 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 the fastest CAGR, driven by, increasing participation in sports, rising demand for minimally 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., DePuy Synthes, ArthroCare Corporation, among others.