The Soft Tissue Repair Market Share, Market Size, And Growth Rate 2022
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The soft tissue repair market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 9%, as per The Business Research Company’s market report!
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The Soft Tissue Repair Market Size In 2022 And Forecast
The global soft tissue repair market is expected to grow from $8.78 billion in 2020 to $9.26 billion in 2021 at a compound annual growth rate (CAGR) of 5.5%. 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, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The soft tissue repair market is expected to reach $13.17 billion in 2025 at a CAGR of 9.2%.
The soft tissue repair market consists of sales of soft tissue repair by entities (organizations, sole traders, and partnerships) that manufacture soft tissue repair products.
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The Increasing Cases Of Sport-Related Injuries Is Driving The Growth Of The Soft Tissue Repair Market
For instance, according to the British Journal of Sports Medicine, 12% of Olympic athletes were injured during the 2018 Winter Olympics. In 2018, more than 3.5 million children aged 14 and under were injured when engaging in sports or leisure activities. Therefore, the increasing prevalence of sport-related injuries drove the growth of the soft tissue repair market.
Competitive Landscape And The Regional Analysis Of The Soft Tissue Repair Market
Major players in the soft tissue repair market are Organogenesis Inc., Stryker Corporation, Johnson & Johnson, Arthrex Inc, CryoLife Inc., Integra Lifesciences Corporation, Wright Medical Technology, Smith & Nephew plc, C.R. Bard Inc., Athersys Inc., Medtronic Plc, Zimmer Biomet Holdings Inc., Lifenet Health Inc., Isto Biologics, Covidien plc, Becton Dickinson and Company, LifeCell Corporation, Baxter Healthcare Corporation, and Boston Scientific Corporation.
Additionally, as per TBRC’s research – North America was the largest region in the soft tissue repair market in 2021 holding the largest market share and Asia Pacific is expected to be the fastest-growing region in the forecast period.
The Soft Tissue Repair Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the soft tissue repair market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the soft tissue repair market.
Technological Developments – A Key Trend In The Soft Tissue Repair Market
Companies in the soft tissue market are investing in technological developments for increasing market share and providing innovative products to customers. Major companies operating in the soft tissue repair sector are focused on developing a technologically advanced solution for soft tissues.
Soft Tissue Repair Market Segmentation By The Business Research Company
1) By Product: Fixation Devices, Tissue Patch or Mesh, Laparoscopic Instruments
2) By Application: Hernia Repair, Dural Repair, Skin Repair, Vaginal Sling Procedures, Orthopedic Repair, Dental Repair, Breast Reconstruction Repair
3) By End User: Hospitals, Clinics, Research and Academic Institutes, Others
Here Are Some Reports Related To The Soft Tissue Repair Market –
Healthcare Services Global Market Report 2022
Orthopedic Devices Global Market Report 2022
Dental Services Global Market Report 2022
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