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Technology Advancement in Soft Tissue Repair Market

Technology Advancement in Soft Tissue Repair Market

The global soft tissue repair market is estimated to grow at a CAGR of 7.5% from 2014 to 2019 to reach $14.7 billion in 2019. The increasing incidence of soft tissue injuries among the active aging population, increasing participation in sports, increasing obesity rate, and increasing healthcare expenditure & lack of substitutes for soft tissue repair surgery are the major factors driving market growth. The soft tissue repair market is witnessing a gradual shift towards biological meshes from conventional synthetic meshes for soft tissue repair. Such products offer enhanced biocompatibility, strength, and improved aesthetics. However, the high costs of surgical procedures, and the lack of reimbursement are some major factors that could hinder the growth of this market to a certain extent. The market studied in this report is mainly segmented by products and applications. Based on products, the market is segmented into tissue patch/mesh, soft tissue fixation devices, and laparoscopic instruments. On the basis of application, the market is segmented into hernia repair, dural repair, vaginal sling procedure, skin repair, orthopedic and dental repair, and breast reconstruction repair. The global market is dominated by North America, followed by Europe. The Asia-Pacific market is expected to witness the highest growth due to the increasing demand for tissue regeneration & orthopedic soft tissue repair procedures (caused by the huge aging population and the rising number of patients with soft tissue injuries). North America and Europe are expected to grow at a sluggish rate since these are relatively saturated markets.

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Detailed qualitative & quantitative analysis on soft tissue repair market

Detailed qualitative & quantitative analysis on soft tissue repair market

The global soft tissue repair market is expected to reach $14.7 billion in 2019 from $10.3 billion in 2014, at a CAGR of 7.5% during the forecast period of 2014 to 2019. Market growth will be attributed to innovative new product launches, the rising demand for treatment from the aging population, increasing healthcare expenditure, and the lack of substitutes. The soft tissue repair market studied in this report is mainly segmented by products and applications. The market, by products, is segmented into tissue patch/mesh, soft tissue fixation devices, and laparoscopic instruments. On the basis of application the market is segmented into hernia repair, dural repair, vaginal sling procedure, skin repair, orthopedic repair, dental repair, and breast reconstruction repair. Developed geographies like North America and Europe are saturated markets and expected to grow at a slower rate, whereas the Asian market is expected to witness the highest growth due to the increasing number of soft tissue repair surgical procedures (which is caused by the rising aging population and huge patient base). The key players operating in this market are LifeCell Corporation (U.S.), Organogenesis (U.S.), C.R. Bard, Inc. (U.S.), Johnson & Johnson (U.S.), Covidien plc (Ireland), Arthrex, Inc. (U.S.), Smith & Nephew plc (U.K.), Integra Lifesciences Corporation (U.S.), Wright Medical Technology (U.S.), and Stryker Corporation (U.S.).

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Forecast Growth of Soft Tissue Repair Market worth $14.7 Billion in 2019.pdf

Forecast Growth of Soft Tissue Repair Market worth $14.7 Billion in 2019.pdf

The global soft tissue repair market is estimated to grow at a CAGR of 7.5% from 2014 to 2019 to reach $14.7 billion in 2019. The increasing incidence of soft tissue injuries among the active aging population, increasing participation in sports, increasing obesity rate, and increasing healthcare expenditure & lack of substitutes for soft tissue repair surgery are the major factors driving market growth. The soft tissue repair market is witnessing a gradual shift towards biological meshes from conventional synthetic meshes for soft tissue repair. Such products offer enhanced biocompatibility, strength, and improved aesthetics. However, the high costs of surgical procedures, and the lack of reimbursement are some major factors that could hinder the growth of this market to a certain extent. The market studied in this report is mainly segmented by products and applications. Based on products, the market is segmented into tissue patch/mesh, soft tissue fixation devices, and laparoscopic instruments. On the basis of application, the market is segmented into hernia repair, dural repair, vaginal sling procedure, skin repair, orthopedic and dental repair, and breast reconstruction repair. The global market is dominated by North America, followed by Europe. The Asia-Pacific market is expected to witness the highest growth due to the increasing demand for tissue regeneration & orthopedic soft tissue repair procedures (caused by the huge aging population and the rising number of patients with soft tissue injuries). North America and Europe are expected to grow at a sluggish rate since these are relatively saturated markets. Prominent players in this market are LifeCell Corporation (U.S.), Organogenesis (U.S.), C.R. Bard, Inc. (U.S.), Johnson & Johnson (U.S.), Covidien plc (Ireland), Arthrex, Inc. (U.S.), Smith & Nephew plc (U.K.), Integra Lifesciences Corporation (U.S.), Wright Medical Technology (U.S.), and Stryker Corporation (U.S.).

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106 views • 8 slides

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