Market for orthopedic soft tissue repair devices to grow by USD 5,633.11 Million between 2022 and 2027. The growing geriatric population around the world will drive growth

NEW YORK, March 24, 2023 /PRNewswire/ — Technavio categorizes global orthopedic soft tissue repair devices market Assumed increase in size by USD 5,633.11 Million Between 2022-2027 Market growth momentum will continue to accelerate at a CAGR of 11.05% The forecast period. The growing geriatric population around the world is driving the market growth. Older adults tend to heal slower than younger people. Older people typically have low overall strength, flexibility, and balance compared to younger people. It is therefore more difficult to recover from injuries and resume daily activities. According to the Population Reference Bureau (PRB), there will be 95,000,000 Americans aged 65 or older by 2060. This figure is up from 52 million in 2018. The proportion of 65-year-olds will rise from 16% to 23%, according to the Population Reference Bureau. The result is that there is an increasing demand for both long-term and acute care services. This will be a driver of the market growth for orthopedic soft tissue repair devices in the global market. Discover some insights on the market size historic period (2017 to 2021) and Forecast period (2023 to 2027) before buying the full report – Request a sample report

Technavio has announced its latest market research report titled Global Orthopedic Soft Tissue Repair Devices Market 2023-2027

Technavio announces the publication of its latest market research report, Global Orthopedic Soft-Tissue Repair Devices Market 2023-2027

Global Orthopedic Soft Tissue Repair Devices market – Segmentation Assessment
Segment Overview
Technavio has segmented the market based on product type (fixation devices, tissue scaffold, and cell therapy-based), and end-user (hospitals and clinics, ambulatory surgical centers, and physician’s offices).

  • The market growth in fixation devices segment Forecasts will show a significant increase in the coming years. Artificial material is used to fix the bone. This helps fix and support the bone as it heals from surgery or injury. You can use immobilization devices for many conditions, such as fractures or sports injuries. This device can be used to fix musculoskeletal injury. Suture anchors, interference screws and other fixation devices are some examples. This will help to increase the segment’s growth during the forecast period.

Geography Overview
The global market for orthopedic soft tissue repair devices is segmented by geography. North America, Europe, AsiaROW, and Rest of the World (ROW). This report offers actionable insights and estimates how each region contributes to the growth in the global orthopedic soft tissue repairs market.

  • North America is estimated to contribute 45% to the growth of the global market during the forecast period. North America will bring a significant revenue share to the market in 2022. This is due to increased cases of trauma and knee arthroscopies in the region, as well as an increased number of amputations and sports injuries. Rising healthcare spending and investments in the infrastructure of the sector are also contributing significantly to the expansion of the region, as the cost of expensive orthopedic soft tissue repair surgeries can be reduced. Such factors are expected to boost the demand for orthopedic-related treatments, thus propelling the growth of the North American orthopedic soft tissue repair devices market during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 – Download a Sample Report

Global Orthopedic soft tissue repair devices market – Vendor Analysis
Vendor Landscape – The global orthopedic soft tissue repair devices market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer orthopedic soft tissue repair devices in the market are Arthrex Inc., Becton Dickinson and Co., Boston Scientific Corp., Conmed Corp., Integra Lifesciences Holdings Corp., Johnson and Johnson, JRF Ortho, LifeCell International Pvt. Ltd., LifeNet Health Inc., Medtronic Plc, MTF Biologics, RTI Surgical Inc., Smith and Nephew plc, Stryker Corp., Tissue Regenix Group Plc, Wright Medical Group NV, Zimmer Biomet Holdings Inc., Acera Surgical Inc., AlloSource, and Amplitude Surgical and others.

A few prominent vendors that offer global orthopedic soft tissue repair devices in the market include:

  • Boston Scientific Corp.: The company offers orthopedic soft tissue repair devices such as ACLip.

  • Conmed Corp.: The company offers orthopedic soft tissue repair devices such as FiberTak button, Knotless FiberTak soft anchor, and Corkscrew suture anchors.

  • Integra Lifesciences Holdings Corp.: The company offers orthopedic soft tissue repair devices such as XenMatrix AB Surgical Graft.

  • Johnson and Johnson: The company offers orthopedic soft tissue repair devices such as Fixate suturing devices, tissue bands, and Clik anchors.

  • For details on the vendor and its offerings – Request a sample report

What’s New? –

  • Special coverage on the RussiaUkraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession

  • Global competitiveness and key competitor positions

  • Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!

Global Orthopedic Soft Tissue Repair Devices Market – Market Dynamics

Key Trends – The growing use of orthopedic devices in emerging economies is a significant trend shaping growth. In the next few years, soft tissue repair products will become more widely used in emerging countries of Asia and ROW. Vendors are expected to witness many growth opportunities in such countries. This is due to the fact that the markets in these countries are experiencing a significant patent base for targeted indications (cardiovascular, orthopedics, general and gynecological diseases), rising health awareness, increasing healthcare spending, and growth in medical tourism. Also, medical procedures in these developing countries are less expensive compared to that in developed nations. Therefore, such factors are expected to drive the growth of the market in emerging economies, over the forecast period.

Major challenges – The lack of availability of skilled personnel for the use of orthopedic soft tissue repair devices is a major challenge impeding the market growth. One of the major obstacles in the market is the shortage of qualified surgeons in both developed and developing countries. Technological developments in this field are rapidly changing the technology landscape and the areas in which soft tissue repair products are used. This requires physicians and other medical professionals to develop the skills necessary to use soft tissue repair products such as allografts, xenografts, and synthetic meshes. As a result, medical professionals in hospitals and clinics are reluctant to close wounds with cutting-edge surgical products. Therefore, factors like these will pose a major challenge The forecast period will see the market grow by approximately 5%.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report! sample report!

What are the key data covered in this Orthopedic Soft Tissue Repair Devices Market report?

  • CAGR of the market during the forecast period

  • Detailed information on factors that will drive the growth of the orthopedic soft tissue repair devices market between 2023 and 2027

  • Precise estimation of the orthopedic soft tissue repair devices market size and its contribution to the market in focus on the parent market

  • Accurate predictions about upcoming trends and changes in consumer behavior

  • Growth of the orthopedic soft tissue repair devices market across North America, Europe, Asia, and Rest of World (ROW)

  • A thorough analysis of the market’s competitive landscape and detailed information about vendors

  • Comprehensive analysis of factors that will challenge the growth of orthopedic soft tissue repair devices market vendors

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Related Reports: 

  • The orthopedic device market size is expected to increase by USD 12.11 billion from 2022 to 2027, and the market’s growth momentum will accelerate at a CAGR of 3.85%. The market is segmented by application (spine, knee, hip, extremities, and others), product (orthopedic implants and support devices and orthobiologics), and geography (North America, Europe, Asia, and Rest of World (ROW)).

  • The orthopedic implants market size is expected to increase by USD 15.45 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.73%. The market is segmented by product (Joint reconstruction implants, Spinal implants, and Craniomaxillofacial implants), and geography (North America, Europe, Asia, and Rest of World (ROW)).

Orthopedic Soft Tissue Repair Devices Market Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 11.05%

Market growth 2023-2027

USD 5,633.11 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.58

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 45%

Key countries

US, Germany, France, UK, and Japan, Canada, Mexico, Italy,Spain, India, Japan, Australia,  and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Arthrex Inc., Becton Dickinson and Co. Boston Scientific Corp. Conmed Corp. Integra Lifesciences Holdings Corp. Johnson and Johnson JRF Ortho, LifeCell International Pvt. Ltd., LifeNet Health Inc., Medtronic Plc, MTF Biologics, RTI Surgical Inc., Smith and Nephew plc, Stryker Corp., Tissue Regenix Group Plc, Wright Medical Group NV, Zimmer Biomet Holdings Inc., Acera Surgical Inc., AlloSource, and Amplitude Surgical

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product Type

7 Market Segmentation by End-user

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. Technavio’s broad coverage, extensive research, actionable market insight, and extensive market research are the key ingredients of this expanding client base. They help clients identify and evaluate opportunities in current and potential markets and to assess their competitive position in changing market environments.

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Global Orthopedic Soft Tissue Repair Devices Market 2023-2027

Global Orthopedic Soft Tissue Repair Devices Market, 2023-2027

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