Progressive growth of Sports Medicine is Expected to Accelerate the Soft Tissue Repair Market from 2018 to 2025.
In recent years, there has been a rise in the cases of sport injuries and Road As per the data published by the Ministry of Justice, UK, there is a rise in the volume of Road Traffic Accidents (RTAs) related personal injury claims. In 2005/2006, 460,0004 claims registered were registered which increased to 770,0005 claims registered in 2015/16. As per the National Interministerial Observatory of Road Safety (ONISR), in May, 2018, 6,520 were injured. There is an increase in the number of the surgical procedures and orthopedic soft tissue repair due to increasing number of the road accident. A number of conference on advanced tissue science, regenerative medicine and soft tissue repair are conducted by healthcare organizations across Europe. In June, 2017, Integra LifeSciences Corporation hosted its second International Symposium on Tissue Technologies in Berlin, Germany.
Soft tissue repair market, based on the product is segmented into fixation instruments and tissue mesh/patch. Fixation instruments is further segmented into fixation instruments, suture anchors, interference screw, sutures, and others. Tissue mesh/patch is further segmented into synthetic and biological mesh. Soft tissue repair market, based on the application is segmented into orthopedic repair, hernia repair, breast reconstruction, pelvic and vaginal prolapse repair, skin repair, dental and dural repair, and others.
Geographically, the Soft tissue repair market is segmented into North America, Europe, Asia Pacific (APC), Middle East and Africa (MEA), and South and Central America (S&CAM). North America has the largest market for soft tissue repair due to increasing number of market players manufacturing and distributing products for soft tissue repair and new product launches. Government initiative to improve healthcare system in the country also contribute to the developments in healthcare sector. In October, 2016, Colorado Therapeutics LLC, received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for a novel xenogenic biologic tissue matrix.
Asia Pacific is expected to be the fastest growing Soft tissue repair market. Rapid growth of healthcare technology, and increasing focus on diagnosis & treatment of soft tissue injuries among the adults and the elderly population are major factors that fuel the growth of the market in Asia Pacific. Additionally, growing business of sports medicine in India creates the opportunities for growth of the market. The Chinese Trauma Surgeon Association launched China Trauma Care Training (CTCT) to focus on techniques and methods in the field of trauma care. CTC initiated medical education program which was launched in July 2016 in Xining, Qinghai Province.
The major players operating in the Soft tissue repair market across the globe include Smith & Nephew, Depuy Synthes, Arthrex, Inc., Medtronic, Integra Lifesciences Corporation, Stryker, C.R Bard, Inc., Organogenesis, ConMed, Wright Medical Group, Inc. among others.