Soft Tissue Repair Market to increase 7.5% annually to reach $17.12 Bn by 2021

February 09 21:51 2017
According to the report, the global soft tissue repair market was valued at around USD 11.15 billion in 2015 and is expected to reach approximately USD 17.12 billion by 2021, growing at a CAGR of around 7.5% between 2016 and 2021.

Zion Market Research has published a new report titled “Soft Tissue Repair Market (Mesh/Tissue Patch, Soft Tissue Fixation Devices, Laparoscopic Instruments and Others) for Skin Repair, Orthopedic, Hernia Repair, Dental, Breast Reconstruction Repair and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”. According to the report, the global soft tissue repair market was valued at around USD 11.15 billion in 2015 and is expected to reach approximately USD 17.12 billion by 2021, growing at a CAGR of around 7.5% between 2016 and 2021. 

Soft tissues injuries involve damage to ligaments, tendons, skin, and synovial membrane. The soft tissue repair process is segmented by replacement of injured tissues by healthy tissues. Soft tissues are highly deformable and its properties vary significantly from one person to another. Soft tissue injury is caused due to fall, traumatic injury, and sudden twist. Strains, sprains, contusions tendinitis and bursitis, are common soft-tissue injuries. These injuries may require a prolonged amount of time to heal with appropriate treatment.

The increase in the population with increasing obesity rate globally is expected to be the major driver for the soft tissues repair market. Increasing healthcare expenditure and lack of substitutes is another key driving factor for soft tissues repair market. Moreover, the increasing number of soft tissue injuries due to sports games like soccer, tennis, rugby etc. is further expected to drive the market for soft tissue repair in the near future. However, the high cost of treatment and an ambiguous reimbursement scenario are expected to curb the market growth. Nonetheless, technological advancement in orthopedic surgical products may open up new growth avenues in the years to come.

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Based on product, soft tissues repair market is classified into soft tissue fixation devices, tissue patch/mesh, and laparoscopic instruments. In 2015, tissue fixation held the largest share and is expected to witness substantial growth in the near future. Tissue fixation has the ability to preserve the tissues from decaying and growing the mechanical strength of the tissue. Tissue patch/mesh and laparoscopic instruments are also key segments of this market and expected to show exponential growth in the coming years.

The soft tissues repair market is segmented on the basis of application into skin repair, orthopedic, hernia repair, dental, breast reconstruction repair and others. In 2015, skin repair dominated the soft tissue repair market due to skin ability to heal itself and help in generating new tissue. Orthopedic is expected to witness the fastest growth within the forecast period. This is mainly due to the significant increase in the number of soft tissue injuries occurring from sports games such as basketball, soccer, etc.

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North America held the largest market share for soft tissue repair in 2015. The dominance of the region was primarily due to increase health expenditure and technological advancement to provide innovative products. In the U.S. more than 200,000 anterior cruciate ligament reconstructions were performed in the year 2013. North America was followed by Asia Pacific which was another leading regional market in 2015.This growth is mainly due to increase aging population and advanced healthcare facilities. Latin America is projected to expand at a noticeable growth rate during the forecast period.

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Some of the key players in the soft tissue repair market such as Smith and Nephew plc, Stryker Corporation, Integra LifeScience Corporation, LifeCell Corporation, Arthrex, Inc., Organogenesis, Covidien plc,  Wright Medical Technology, Johnson & Johnson, C.R. Bard, Inc., and American Medical Systems Inc. The key companies are enhancing their product and technology base through the research & development and merger & acquisitions. For instance, Smith & Nephew acquired ArthroCare Corp., a company engaged in the development of sports medicine and soft tissue repair products in 2014.

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