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Global Orthopedic Soft Tissue Repair and Sports Medicine Market: Increasing Soft Tissue Injuries among Geriatric Population Noticed by Variant Market Research



According to the latest report published by Variant Market Research, the global orthopedic soft tissue repair and sports medicine market size is projected to reach $13 Billion by 2024 from $7 Billion in 2016, at a CAGR of 7.9% from 2016 to 2024.

Rising healthcare spending to drive the global orthopedic soft tissue repair and sports medicine market

The global orthopedic soft tissue repair market trend includes rising healthcare spending, increasing soft tissue injuries among geriatric population, advancement in soft tissue repair technology, growing obesity rate, and lack of alternates for soft tissue repair surgery. Low awareness and huge price of surgical procedures may adversely affect the soft tissue repair market size. Furthermore, commercialization of superior platelet rich plasma devices might provide an opportunity for market players of orthopedic soft tissue repair and sports medicine market.

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Market Segmentations

The global orthopedic soft tissue repair and sports medicine market is classified into surgical procedures, injury location, and geography. Surgical procedures segment includes rotator cuff, ACL/PCL, meniscal repair, shoulder labarum, biceps tenodesis, hip arthroscopy, and other surgical procedures. Knee, shoulder, hip, and other injury locations are covered under the injury location sub segment. North America (U.S., Mexico, and Canada), Europe (France, Germany, UK, and Rest of Europe), Asia-Pacific (Japan, China, India, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.

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ACL/PCL, by surgical procedures, is estimated to dominated the global market in 2016

ACL/PCL held for the highest market share in 2016, and expected to continue its dominance over the forecast period, 2016 – 2024, due to high rate of ACL/PCL surgical procedures.
Knee, by injury location, is estimated to dominated the global market in 2016
Knee held for the highest market share in 2016, and expected to continue its dominance over the forecast period, 2016 – 2024, due to growing incidence of sports-related injuries coupled with increasing geriatric population.

Asia-Pacific is estimated to witness fastest CAGR from 2016 to 2024

Asia-Pacific is predicted to grow at a fastest CAGR over the forecast period 2016 to 2024. The growth is attributed to increasing involvement in sports, growing demand for minimum invasive surgeries, and rising disposable income.

Competitive Landscape

The key market players of the market are Conmed Corporation, Arthrex Inc., Stryker Corporation, Smith and Nephew plc, DePuy Synthes, Zimmer Biomet Holdings, Inc., LifeNet Health Inc., ArthroCare Corporation, Acera Surgical Inc., and AlloSource, among others.

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Scope of Orthopedic Soft Tissue Repair and Sports Medicine Market

Surgical Procedures Segments

• ACL/PCL
• Meniscal Repair
• Rotator Cuff
• Shoulder Labarum
• Hip Arthroscopy
• Biceps Tenodesis
• Other Surgical Procedures

Injury Location Segments

• Knee
• Hip
• Shoulder
• Other Injury Locations

Geographical Segments

• North America
o U.S.
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Others

• Asia Pacific
o India
o China
o Japan
o Others

• RoW
o South America
o Middle East
o Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfil clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise is data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

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News Release: Global Orthopedic Soft Tissue Repair and Sports Medicine Market: Increasing Soft Tissue Injuries among Geriatric Population Noticed by Variant Market Research
Submitted on: January 12, 2018 07:59:39 AM
Submitted by: Bhavana Patel
On behalf of: https://www.variantmarketresearch.com/report-categories/pharmaceuticals/orthopedic-soft-tissue-repair-and-sports-medicine-market
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