The Orthopedic Soft Tissue Surgical Repairs Market size is estimated to be USD XX.XX million in 2020 and is projected to register a CAGR of X.X% to reach USD 26,411.4 million by 2028. But due to the COVID-19 impact, the market size estimation is down to USD XX.XX million in 2020 and is projected to register a CAGR of X.X% to hit USD 26,114.5 million by 2028.
Orthopedic surgery is performed on the musculoskeletal system. Bones, joints, muscles, ligaments, cartilage, tendons, nerves, and connective tissue are all involved in this. Orthopedic surgeries fall into two general categories: musculoskeletal element repair and reconstruction surgeries, and surgeries to replace parts of the system, most notably joints.
Sport-related injuries are the most common cause that leads to muscle damage. During sports or some form of physical activity, athletes tend to have their anterior cruciate ligament (ACL) affected. As a result, the increasing prevalence of sport-related injuries is projected to drive market growth.
Rising occurrence of road and sports injuries, a surge in healthcare expenditure globally and the adoption of new medical technologies are the factors that are expected to fuel the growth of the global orthopedic soft tissue repair market. However, lack of awareness among individuals about orthopedic soft tissue repair, increasing cost of surgical procedures, and minimal reimbursements by orthopedic sports-based injury insurers are the major restraints for the global market.
The global orthopedic soft tissue surgical repairs market report has been segmented into product, procedure, injury location, and region.
Based on product, the orthopedic soft tissue surgical repairs market is classified into tissue patch/mesh, fixation products, and laparoscopic instruments. Among these segments, the laparoscopic instruments market segment is holding the largest market share in 2020. Growing number of laparoscopic procedures performed globally due to the rising preference for minimally invasive surgeries has been driving the segment’s growth.
Based on the procedure, the orthopedic soft tissue surgical repairs market is classified into cruciate ligaments repair, rotator cuff repair, epicondylitis, Achilles tendinosis repair, gluteal tendon repair, cruciate ligaments repair, and others. Among these, the cruciate ligaments repair market segment is holding the largest market share in 2020. Large procedure rate of cruciate ligament repair in knee surgeries owing to high incidence rate is mainly responsible for the dominance of this segment.
Injury Location Outlook
Based on the injury location, the orthopedic soft tissue surgical repairs market is classified into hip, knee, shoulder, and others. Among these segments, the hip market segment is holding the largest market share in 2020. Soft tissue injuries of the hip are the most common in athletes, such as muscle strains, adductor muscle strains, and anterior hip pain in athletes.
By region, the global orthopedic soft tissue surgical repairs market is segmented as North America, Europe, Asia Pacific, Middle East & Africa, and South America. The North America region is anticipated to account for the largest market share in 2020 due to the presence of key players operating in the market, coupled with the presence of a well-established infrastructure and government initiatives.
- LAPAROSCOPIC INSTRUMENTS
- FIXATION PRODUCTS
- INTERFERENCE SCREWS
- SUTURE ANCHORS
- OTHER FIXATION PRODUCTS
- TISSUE PATCH/MESH
- BIOLOGICAL TISSUE PATCH/MESH
- BIOLOGICAL ALLOGRAFT TISSUE PATCH/MESH
- BIOLOGICAL XENOGRAFT TISSUE PATCH/MESH
- SYNTHETIC TISSUE PATCH/MESH
- CRUCIATE LIGAMENTS REPAIR PROCEDURES
- ROTATOR CUFF REPAIR PROCEDURES
- EPICONDYLITIS REPAIR PROCEDURES
- GLUTEAL TENDON REPAIR PROCEDURES
- ACHILLES TENDINOSIS REPAIR PROCEDURES
- OTHER REPAIR PROCEDURES
By Injury Location
- HIP INJURY LOCATION
- KNEE INJURY LOCATION
- SHOULDER INJURY LOCATION
- OTHER INJURY LOCATION
Regions covered in the report:
- South Korea
- Rest of the Asia Pacific
- The Netherlands
- Rest of the Europe
Middle East & Africa:
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Rest of South America
The company analysis section encompasses the competitive scenario in the market providing a detailed analysis of the market. This helps understand the types of products and solutions offered by the companies in the market across the target application areas. In addition, it highlights the nature of strategies adopted by the market players with regards to a particular product/solution, application, and region to sustain/penetrate the given market
Major Companies Covered in the report:
- Smith & Nephew PLC
- ZIMMER BIOMET HOLDINGS, INC.
- Arthrex, Inc.
- Stryker Corporation
- Tissue Regenix Group PLC
- FUSE MEDICAL INC.Medtronic PLC
- ÖSSUR CORPORATION
- CONMED Corporation
- Wright Medical N.V.
- Johnson & Johnson
- CORIN GROUP
- GROUP FH ORTHO COMMUNICATION
- MATHYS LTD BETTLACH
- COLFAX CORPORATION
- EXACTECH, INC.
- MICROPORT SCIENTIFIC CORPORATION
- RTI Surgical, Inc.
February 2019 - Colfax Corporation invested USD 3.15 billion in the acquisition of DJO Global, Inc., a leading diversified technology business. The acquisition is the next inevitable step in making the companies less cyclical and implementing a value-compounding growth strategy by offering stable, increasing cash flows.
November 2019 - The Stryker Corporation acquired all of Wright Medical Group N.V.'s issued and outstanding ordinary shares, for around USD4.7 billion in gross equity value.
MARCH 2018 - Biorez, Inc. made an investment of USD1.5 million, after positive results from animal testing of its latest anterior cruciate ligament (ACL) repair implant. It uses a patented tissue-engineered scaffold that stabilizes the knee, making it easier for the body to regrow new ACL tissue and then resorbs it entirely, leaving only new functional tissue.
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