Publication Month: Sep 2021 | Report Code: TIPHE100000830 | No. of Pages: 222 | Category: Medical Device | Status: Published
There has been an increase in the number of soft tissue injuries among children, adults, and geriatric population. The high prevalence of diabetes mellitus makes the healing of soft tissue injuries problematic among geriatric population.These injuries are also common among the sportsmen, and they may require immediate treatment. Suture, suture anchor, and interference screw are among the devices used for soft tissue fixation. Synthetic mesh, allograft, and xenograft are also used to replace the lost soft tissue in various parts of the body. Factors such as the rising prevalence of sport injuries, increasing number of orthopedic procedures, and surge in geriatric population are fueling the soft tissue repair market growth. However, the availability of alternatives for soft tissue repair and lack of awareness about soft tissue injuries hamper the market growth.
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Playing sports benefits adolescents physiologically, psychologically, and socially. It helps improve health conditions, self-esteem, and social interactions, and decrease the risk of depression. However, sports practice is inevitably linked with the occurrence of injuries. In the US, alone, 3.5 million children under the age of 15 receive medical care every year for injuries caused during sports practice. In addition, the two-thirds of these injuries require care in emergency units. According to estimates by Stanford Children’s Health, in 2019, ~30 million children participated in sports and other recreational activities in the US. Also, ~3.5 million injuries are reported in the country each year, and ~75,000 children of age 14 and below are treated for these injuries. Further, ~23 million adolescents suffer sports injuries annually in Africa. Such high participation rate of children in sports, coupled with an increase in injuries, is creating demand for therapeutics solutions to treat sports-related injuries.
Sports such as basketball and football, involving contact and collision, are associated with a greater rate of sports injuries. This leads to severe injuries to joints, bones, tendons, and other soft tissues. Such injuries require emergency treatment or even surgical procedures. As per Spinal Cord, Inc., ~170,000 children with basketball-related injuries were treated in hospital emergency rooms. Thus, the rising prevalence of sports injuries is contributing to the soft tissue repair market growth.
Based on product, the soft tissue repair market is bifurcated into fixed instruments and tissue mesh/patch. The tissue mesh/patch segment would account for a larger market share in 2021, and it is further expected to register a higher CAGR in the market during 2021–2028.
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The soft tissue repair market, by application, is segmented into orthopedic repair, hernia repair, breast reconstruction, pelvic and vaginal prolapse repair, skin repair, dental repair, dural repair, and others. The orthopedic repair segment is expected to hold the largest market share in 2021. However, the breast reconstruction segment is expected to register the highest CAGR in the market during 2021–2028.
|Market Size Value in||US$ 9,033.85 million in 2021|
|Market Size Value by||US$ 13,646.70 million by 2028|
|Growth rate||CAGR of 6.1% from 2021 to 2028|
|No. of Pages||222|
|No. of Tables||138|
|No. of Charts & Figures||80|
|Historical data available||Yes|
|Segments covered||Product , Application and Geography|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
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Companies operating in the soft tissue repair market are adopting strategies such as product launches, mergers and acquisitions, collaborations, product innovations, and product portfolio to expand their footprint worldwide, maintain brand name, and meet the growing demand from end users.
The List of Companies - Soft Tissue Repair Market