Global Orthopedic Soft Tissue Repair Market Value to Reach US$ 13.2 Bn by 2033, as per Transparency Market Research, Inc.
WILMINGTON, DE / ACCESSWIRE / January 31, 2023 / Transparency Market Research Inc. - The global orthopedic soft tissue repair market is anticipated to advance at a CAGR of 6.5% from 2023 to 2033, as per the market outlook by Transparency Market Research (TMR).
Skeletally immature patients are at higher risk of connective tissue damage and ligament tears. Organizations providing treatment solutions for musculoskeletal diseases are taking initiatives in order to spread awareness about the latest treatment solutions available. Moreover, they are investing in R&D activities focused on the development of advanced plate-rich plasma solutions that can be used in the treatment of musculoskeletal disorders. These efforts are likely to bolster market development in the next few years.
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Global Orthopedic Soft Tissue Repair Market: Growth Drivers
An increase in cases of sports injuries across the globe is likely to drive business growth during the forecast period
The rise in the prevalence of musculoskeletal diseases among the geriatric population presents significant business opportunities for providers of orthopedic soft tissue repair solutions
Global Orthopedic Soft Tissue Repair Market: Key Findings
Anterior cruciate ligament (ACL) injuries are commonly reported among athletes when they are engaged in sports or other physical activities. An increase in the number of sports events across the globe is likely to lead to a rise in the number of injuries among sports participants. This, in turn, is likely to fuel market demand in the next few years. Furthermore, a rise in health awareness among people is likely to increase participation in sports activities. This presents significant opportunities in the industry.
Elderly people experience significant changes in their neuromuscular and skeletal systems as their age increases. Hence, this population is at higher risk of arthritis, weak ligaments, and ACL tears. Obese older people are more prone to degenerative bone disorders, such as osteoarthritis and osteoporosis. Thus, a rise in the geriatric population across the globe is anticipated to drive business growth during the forecast period.
The orthopedic connective tissue repair industry has witnessed significant technological advancements in the past few years. Moreover, companies in the market are focusing on the incorporation of the latest advancements in ACL reconstruction surgeries, such as innovative surgical approaches, in order to improve the efficiency of these procedures. Market players are increasing research efforts in order to develop a matrix along with biological components, which can be used in place of the human allograft. These factors are anticipated to augment market development in the next few years.
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Companies providing orthopedic soft tissue repair solutions are expected to gain significant business opportunities in North America during the forecast period. This can be ascribed to an increase in healthcare spending, a rise in demand for orthodontic soft tissue repair & breast reconstruction surgeries, and the presence of advanced healthcare infrastructure in the region.
The market in Asia Pacific is anticipated to grow at a rapid pace in the next few years. This is ascribed to a rise in penetration of local medical device producers, an increase in R&D activities by players in India and Japan, and a surge in the elderly population who are at higher risk of musculoskeletal diseases.
Companies are investing significantly in R&D activities in order to develop effective treatment solutions
They are adopting strategies such as mergers, acquisitions, product launches, and regional expansion in order to increase market share
Global Orthopedic Soft Tissue Repair Market: Key Players
DePuy Synthes, Inc.
Smith & Nephew
Wright Medical Group N.V.
Integra LifeSciences Holding Corporation
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Global Orthopedic Soft Tissue Repair Market Segmentation
Rotator Cuff Repair
Achilles Tendinosis Repair
Pelvic Organ Prolapse
Gluteal Tendon Repair
Cruciate Ligaments Repair
By Injury Location:
South Asia & Pacific
The Middle East and Africa
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