How Will The Orthopedic Soft Tissue Repair Market Globally Expand In 2023?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s orthopedic soft tissue repair market report forecasts the orthopedic soft tissue repair market size to grow to $7.43 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.
Learn More On The Orthopedic Soft Tissue Repair Market Report 2023 – https://www.thebusinessresearchcompany.com/report/orthopedic-soft-tissue-repair-global-market-report
Orthopedic Soft Tissue Repair Market Size Forecast
The global orthopedic soft tissue repair market is expected to grow from $5.22 billion in 2022 to $5.62 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global orthopedic soft tissue repair market size is expected to grow to $7.43 billion in 2027 at a CAGR of 7.2%.
North America held the largest orthopedic soft tissue repair market share.
Key Orthopedic Soft Tissue Repair Market Driver – Increase In Incidence Of Sports-Related Injuries
For instance, according to the National Safety Council, a US-based non-profit organization promoting health and safety, in 2021, exercise equipment contributed for nearly 409,000 injuries which were the most in any sports category. Bicycles and accessories were the second largest cause of injuries causing 375,797 injuries in the USA. Therefore, the increasing incidence of sports-related injuries is driving the growth of the orthopedic soft tissue repair market.
Request for A Sample Of The Global Orthopedic Soft Tissue Repair Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9411&type=smp
Key Orthopedic Soft Tissue Repair Market Trend – Product Innovation
Major companies operating in the orthopedic soft tissue repair sector are focused on developing and adopting innovative solutions for tissue repair and strengthen their position in the market. In2Bones, a US-based designer, manufacturer, and distributor of medical devices for the treatment of disorders and injuries, for example, introduced the ClearGuard LE Endoscopic Soft Tissue Release System in April 2020, which orthopaedic and podiatric specialists use to treat a variety of foot problems. The ClearGuard LE Endoscopic Soft Tissue Release technique provides orthopedic and podiatric doctors with an easy-to-use, reproducible, and cost-effective technique for high-volume lower extremity soft tissue procedures such as plantar fascia, gastrocnemius, tarsal tunnel, and Morton’s neuroma.
Orthopedic Soft Tissue Repair Market Segment
1) By Procedure: Cruciate Ligaments Repair, Rotator Cuff Repair, Lateral Epicondylitis, Achilles Tendinosis Repair, Pelvic Organ Prolapse, Gluteal Tendon Repair, Hip Arthroscopy, Biceps Tenodesis, Other Procedures
2) By Injury Location: Knee, Shoulder, Hip, Small Joints
3) By End User: Hospitals, Ambulatory Centers, Orthopedic Clinics
Orthopedic Soft Tissue Repair Market Major Players and Strategies
Major players in the orthopedic soft tissue repair market are Arthrex Inc., DePuy Synthes Inc., Stryker Corporation, Wright Medical Group N.V., Zimmer Biomet, CONMED Corporation, Integra LifeSciences Holding Corporation, Smith & Nephew Plc., Johnson & Johnson, LifeNet Health, Becton Dickinson and Company, MTF Biologics, C.R Bard Inc., Tissue Regenix Group Plc., American Medical Systems Inc., and Lifecell Corporation.
Integra Lifesciences, a medical device company based in the United States, paid $300 million for ACell in January 2021. This acquisition is expected to expand Integra Lifesciences’ regenerative capabilities and is complementary to the existing orthopedic soft tissue technologies portfolio. ACell is a firm established in the United States that develops and manufactures novel extracellular matrix materials for the repair and remodelling of damaged soft tissues.
The Orthopedic Soft Tissue Repair Global Market Report 2023 covers regional data on orthopedic soft tissue repair market size, orthopedic soft tissue repair market trends and drivers, opportunities, strategies, and orthopedic soft tissue repair market competitor analysis. The countries covered in the orthopedic soft tissue repair market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The process of replacing injured or damaged tissues with healthy tissues is known as orthopaedic soft tissue repair. It comprises nerves, ligaments, blood vessels, muscles, tendons and synovial membranes. Orthopedic soft tissue injuries often occur during sports and physical activities but can also be caused by simple everyday tasks and continuous use of a particular body part.
View More Reports Related To The Orthopedic Soft Tissue Repair Market –
Orthopedic Devices Global Market Report 2023
Orthopedic Prosthetics Global Market Report 2023
Orthopedic Braces And Support Devices And Equipment Global Market Report 2023
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: