Soft Tissue Repair Market to Witness Robust Growth Owing to Rising Sports and Road Accidents

     

Soft Tissue Repair Market

The global soft tissue repair market is broadly divided into fixation products, tissue mesh/patch, laparoscopic instruments, and others. Fixation products include sutures, suture anchors, interference screws, and others which are used to fix damaged tissues during soft tissue injury procedures. Tissue mesh/patch are synthetic or biologic materials used for the repair and reconstruction of damaged soft tissues. Laparoscopic instruments include trocars, graspers, scissors, and other instruments used in minimally invasive soft tissue repair surgeries. The demand for these soft tissue repair products and instruments is driven by the growing occurrence of sports injuries, traffic accidents, and surgeries related to hernia, chest wall defect, and pelvic organ prolapse.

The global soft tissue repair market is estimated to be valued at US$ 2492.96 Bn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period from 2024 to 2031.

Key Takeaways
Key players operating in the soft tissue repair market are Accelrys, Certara, L.P., Chemical Computing Group Inc., Compugen, Ltd., Entelos, Inc. (Rosa & Co. LLC), Genedata AG, Insilico Biotechnology AG, Leadscope, Inc., Nimbus Discovery LLC, Rhenovia Pharma SAS, Schrodinger, and Simulation Plus, Inc. These players are focusing on new product development and launches, strategic collaborations and acquisitions to gain a competitive edge over others.

The growing elderly population and rising sports culture have increased the risk of orthopedic injuries, creating significant opportunities for players in the soft tissue repair market. Furthermore, advancements in minimally invasive procedures and tissue engineering technologies are supporting the use of innovative soft tissue repair products.

Globally, Soft Tissue Repair Market Size in the Asia Pacific region is expected to witness highest growth owing to increasing healthcare spending, rising incidence of trauma injuries, and growing medical tourism in the region. Key players are expanding their presence in emerging markets through partnerships and joint ventures.

Market Drivers:
The increasing number of sports injuries and road accidents globally is a major factor driving the demand for soft tissue repair procedures and associated products. As per estimates, over 30 million people suffer from sports injuries each year requiring soft tissue repair interventions. Rising prevalence of hernias and other musculoskeletal disorders also necessitate the use of meshes, patches, and fixators in soft tissue repair surgeries.

Market Restraints:
High cost of sophisticated soft tissue repair procedures and lack of reimbursement for new soft tissue technologies in developing regions can hamper the market growth. Shortage of skilled orthopedic surgeons and uneven access to quality healthcare also pose challenges. Strict regulations for approval of novel soft tissue repair products extend their time to market.


Segment Analysis

The soft tissue repair market is dominated by the allograft sub segment. Allograft sub segment accounts for over 40% of the overall market share as it provides an easily accessible alternative to autograft which requires an additional surgery for harvest. Allograft sub segment is popular for orthopedic and sports medicine applications owing to benefits like reduicng donor site morbidity and operative time while providing needed structural support. The synthetic graft sub segment is the fastest growing segment and is expected to expand at 7% CAGR during the forecast period due to increased preference for synthetic options having predictable resorption characteristics and availablity in off the shelf designs and sizes.

Global Analysis

North America dominates the global soft tissue repair market with a share of over 35% due to presence of major players, higher adoption of advanced treatment options and growing obese population susceptible to soft tissue injuries. The Asia Pacific region represents the fastest growing region during the forecast period owing to improving access to healthcare facilities, rising medical tourism and increasing middle class population willing to spend on elective surgical procedures. Increasing awareness about tissue engineering and rising joint reconstruction surgeries are expected to drive the soft tissue repair market across the emerging economies of China, India and South Korea in the Asia Pacific region.

Get more insights on Soft Tissue Repair Market

Comments

Post a Comment

Popular posts from this blog

The global Blast Resistant and Bulletproof Buildings Market Growth Accelerated by Rising Threats

Image
Blast resistant and bulletproof buildings provide protection against explosions, bomb threats and gunfire. They use composite or alloy materials like ballistic glass, reinforced steel and concrete which reinforce structures and withstand blasts or projectiles. The rising threats of terrorist attacks and military aggressions have increased the demand for such secure buildings for government infrastructures, embassies, military installations and other high-security areas. The global Blast Resistant and Bulletproof Buildings Market is estimated to be valued at US$ 1.28 Mn in 2024 and is expected to exhibit a CAGR of 3.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The demand for blast resistant and bulletproof buildings has risen significantly owing to increasing geopolitical conflicts and threats across the world. Majority of countries are allocating higher defense budgets for construction of secure...
Read more

Saudi Arabia Meetings, Incentives, Conferences and Exhibitions (MICE) Market is Anticipated to Witness High Growth Owing to Increasing Business Events

Image
  Saudi Arabia Meetings, Incentives, Conferences and Exhibitions (MICE) Market The Saudi Arabia MICE market refers to meetings, incentives, conferences, and exhibitions which cater to business events in the country. MICE activities help businesses to hold strategy and planning meetings, incentive travel programs, product launches, training seminars, and exhibitions. The events industry helps hotels, airlines, transportation, food & beverage sectors in Saudi Arabia. Growing awareness about MICE and its impact on economy is encouraging businesses to organize more events. The Saudi Vision 2030 aims to diversify economy away from oil and develop tourism and entertainment industries which will further boost the MICE market. The Global Saudi Arabia Meetings, Incentives, Conferences and Exhibitions (MICE) Market is estimated to be valued at US$ 2.69 Bn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2024 to 2031. Key Takeaways Key players operating in ...
Read more

Mometasone Furoate Market Poised for High Growth Due to Rising Prevalence of Respiratory Diseases

Image
  Mometasone Furoate Market Mometasone furoate is a corticosteroid used for the treatment and prevention of asthma, allergic rhinitis, nasal polyps, skin diseases and other inflammatory conditions. It is typically administered as an inhaled medication for asthma and as a topical cream or ointment for skin conditions like dermatitis and eczema. Mometasone furoate works by reducing inflammation and helps ease symptoms like wheezing, breathlessness, and itching caused by various inflammatory reactions in the body. The growing prevalence of asthma and other allergic diseases globally has significantly boosted the demand for mometasone furoate based drugs and products. The global mometasone furoate market is estimated to be valued at US$ 1467.01 Bn in 2024 and is expected to exhibit a CAGR of 22% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the mometasone furoate market are Thermo Fisher Scientific, Merck KGaA, Danaher Corporation, Lonza Group, Mil...
Read more