Market Research Reports

Orthopedic Soft Tissue Repair Market (Surgical Procedures - ACL/PCL Reconstruction, Meniscal Repair, Rotator Cuff Repair, Hip Arthroscopy, Biceps Tenodesis and Shoulder Labrum Repair) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

82pages
Published Date: 2014-03-25
 

Description



The study report based on the orthopedic soft tissue repair market offers incisive data with regard to the market growth, size, and forecast of this market. The research report analyzes the orthopedic soft tissue repair market based on its market segments, major geographies, and current market trends. 

Most people experience a musculoskeletal-related injury or disease at some point in their life, which has precisely instigated the need for orthopedic soft tissue repair. The orthopedic soft tissue repair market offers effective and innovative next-generation orthopedic solutions premeditated for patients of all ages suffering from arthritis and fracture repair, to various therapies that are infant supportive for children with development disabilities to walk. 

Orthopedic soft tissue repair is a branch of medicine that deals with the prevention, diagnosis, and treatment of illnesses and injuries resulting mainly due to age or other recreational activities, exercises and sports. 

This report is a complete study of the industry growth drivers, restraints, and current trends in the orthopedic soft tissue repair market. It provides market projections for the forthcoming years. The report also includes analysis of recent developments in technology, key participants in the orthopedic soft tissue repair market, competitive landscape, Porter’s five force model analysis, and a review of micro and macro essential factors for the existing market players and new entrants in the orthopedic soft tissue repair market, along with in-depth value chain analysis. 

Overview of the Orthopedic Soft Tissue Repair Market

Orthopedic soft tissues are types of cells that surround, connect, and support bones. Hence, any severe overuse of these tissues or injuries, accidents, or natural degeneration with age results in high wear and tear of the internal tissues. Several types of orthopedic soft tissue include ligaments, cartilage, tendons, fascia, and other fibrous tissues. 

Orthopedic soft tissue repair devices are reliably used to repair such damages caused to the tissues in a human body. These devices are used either through MI procedures such as, arthroscopy or open surgical procedures. Moreover, owing to the accuracy demonstrated in robot-assisted surgeries over conventional surgical methods and equipment, the orthopedic soft tissue repair market is witnessing a paradigm shift from metallic to bio absorbable (non-metallic) anchor devices. 

Also, introduction of new medicine technologies, rise in geriatric population, increasing obesity rate, and rising number of incidences in soft tissue damage due to sports injuries are some of the primary market drivers fuelling growth in the orthopedic soft tissue repair market. 

Therefore, this market is expected to grow at a CAGR of 7.2% in the forecast period, 2013 – 2019.

Nevertheless, due to rising cost of surgical procedures, lack of awareness among people about orthopedic soft tissue repair, and inadequate reimbursements by insurers governing the orthopedic centers, the market faces major restraints in growth. 

The major procedures conducted in the orthopedic soft tissue repair market include, Hip Arthroscopy, Shoulder Labrum, Rotator Cuff, Meniscal Repair and Biceps Tenodesis. Majority of cases with knee injury are reported due to sports, which is followed by demands for orthopedic soft tissue repair for shoulder and hip injuries. Aging is considered as one of the major factors causing rise in orthopedic soft tissue injuries. Aging diminishes the basic body movements and functions making the body more vulnerable to injuries. As a result, more people suffer from soft tissue damages, and hence the need for orthopedic soft tissue repair arises.

ACL/PCL reconstruction is the most proficiently practiced procedure in the orthopedic soft tissue repair market. This market segment is expected to rise at a CAGR of 8.3% during the period 2013 - 2019. 

Active participation in various recreational activities and sports is constantly on the rise around the world, which is certainly resulting in high-incidence of orthopedic sports injuries. North America is accounted to be the largest orthopedic soft tissue repair market in the global market. However, Asia is at distant second recording high incidence of orthopedic sports injuries, followed by some other fastest growing markets such as, China, India, Japan and the U.S. 

Companies Mentioned in the report

One of the most notable key players profiled in the orthopedic soft tissue repair market is Smith & Nephew plc. It is currently the leading player in the orthopedic soft tissue repair market. However, some other major players include LifeNet Health Inc., ArthroCare Corporation, and AlloSource, among others.

Major geographies analyzed under this research report are: 
  • Europe
  • North America 
  • Asia-Pacific 
  • Rest of the World 
This report gives you access to decisive data such as:
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 
Key highlights of this report
  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements 
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments

Table of Contents



Chapter 1 Preface 9
1.1 Report Description 9
1.2 Research Methodology 10
      1.2.1 Sources 10
              1.2.1.1 Secondary Research 10
              1.2.1.2 Primary Research 10
              1.2.1.3 Assumptions 11

Chapter 2 Executive Summary 12

Chapter 3 Orthopedic Soft Tissue Repair– Industry Analysis 14
3.1 Market Introduction 14
3.2 Drivers 15
      3.2.1 Aging population and increased obesity rate 15
      3.2.2 Introduction of new medicine technologies 17
      3.2.3 High incidence rate of orthopaedic soft tissue damage and sports injury 18
      3.2.4 Increased healthcare expenditure 18
      3.2.5 Lack of substitution for orthopaedic soft tissue repair surgery 19
3.3 Restraints 20
      3.3.1 Lack of awareness among people regarding orthopedic soft tissue repair 20
      3.3.2 Limited claim on surgeries by insurers 20
      3.3.3 Rising cost of surgical procedures 21
      3.3.4 Absence of health insurance in developing countries 21

Chapter 4 Market Trends 23
4.1 Shifting of orthopedic devices from metallic to bioabsorbable (non-metallic) anchor 23
4.2 Geographic expansion of orthopedic soft tissue repair devices in developing countries 23
4.3 Robot-assisted surgery 24

Chapter 5 Porter’s Five Force Analysis 25
5.1 Porter’s five force analysis 25
      5.1.1 Bargaining power of suppliers 25
      5.1.2 Bargaining power of buyers 25
      5.1.3 Threat from new entrants 26
      5.1.4 Threat from substitutes 26
      5.1.5 Intensity of rivalry 26

Chapter 6 Market segmentation based on surgical procedures 27
6.1 ACL/PCL Reconstruction Market 27
6.2 Meniscal Repair Market 27
6.3 Rotator Cuff Repair Market 28
6.4 Hip Arthroscopy Market 29
6.5 Biceps Tenodesis Market 29
6.6 Shoulder Labrum Repair Market 30

Chapter 7 Market segmentation based on injury location 33

Chapter 8 Market segmentation based on geography 35
8.1 Global 35
8.2 North America 37
      8.2.1 U.S. 38
8.3 Asia 40
      8.3.1 Japan 43
      8.3.2 China 44
8.4 Europe 46
      8.4.1 U.K. 48
      8.4.2 Germany 50
8.5 Rest of the World 52
      8.5.1 Brazil 54

Chapter 9 Competitive Benchmarking and Recent Developments 57
9.1 Competitive benchmarking 57
9.2 Recent Developments 58

Chapter 10 Company Profiles 63
10.1 Smith & Nephew plc 63
      10.1.1 Overview 63
      10.1.2 Products and Segments 63
      10.1.3 Financial performance 64
10.2 ArthroCare Corporation 65
      10.2.1 Overview 65
      10.2.2 Products and segments 65
      10.2.3 Financial performance 65
10.3 LifeNet Health Inc. 67
      10.3.1 Overview 67
      10.3.2 Products and segments 67
      10.3.3 Financial performance 68
10.4 Allosource 69
      10.4.1 Overview 69
      10.4.2 Products and segments 69
      10.4.3 Financial performance 70
10.5 Arthrex Inc. 71
      10.5.1 Overview 71
      10.5.2 Products and segments 71
      10.5.3 Financial performance 72
10.6 Conmed Corporation 73
      10.6.1 Overview 73
      10.6.2 Products and segments 73
      10.6.3 Financial performance 74
10.7 Biomet Inc. 75
      10.7.1 Overview 75
      10.7.2 Products and segments 75
      10.7.3 Financial performance 76
10.8 DePuy Synthes 77
      10.8.1 Overview 77
      10.8.2 Products and segments 77
      10.8.3 Financial performance 78
10.9 Stryker Corporation 79
      10.9.1 Overview 79
      10.9.2 Products and segments 79
      10.9.3 Financial performance 80
10.10 Cayenne Medical 81
      10.10.1 Overview 81
      10.10.2 Products and segments 81
      10.10.3 Financial performance 81

List of Figures 

FIG. 1 Population above 60 years in major countries (%, 2000-2050) 16
FIG. 2 Adult obese population as a % of total population, 2009 17
FIG. 3 Orthopedic soft tissue repair market: Porter’s five force analysis 25
FIG. 4 Global orthopedic soft tissue repair market by surgical procedures (2012) 31
FIG. 5 Global orthopedic soft tissue repair market based on injury location (2012) 33
FIG. 6 Global orthopedic soft tissue repair market by region (2012) 35
FIG. 7 The North American orthopedic soft tissue repair market (2012) 37
FIG. 8 The Asian orthopedic soft tissue repair market (2012) 41
FIG. 9 The European orthopedic soft tissue repair market (2012) 47
FIG. 10 Rest of the World Orthopedic soft tissue repair market (2012) 53
FIG. 11 Competitive benchmarking of orthopedic soft tissue repair device providers 57
FIG. 12 Orthopedic soft tissue repair market strategic developments (2010-2013) 58

List of Tables

TABLE 1 Market Snapshot: Global market of orthopedic soft tissue repair(2013 & 2019) 12
TABLE 2 Global health care expenditure data by region, (2010-2012) 19
TABLE 3 Out of pocket expenditure of developing and developed countries 22
TABLE 4 Global orthopedic soft tissue repair market by surgical procedures 2009-2012 (USD million) 31
TABLE 5 Global orthopedic soft tissue repair market by surgical procedures 2013-2019(USD million) 32
TABLE 6 Global orthopedic soft tissue repair market by injury location 2009-2012 (USD million) 34
TABLE 7 Global orthopedic soft tissue repair market by injury location 2013-2019(USD million) 34
TABLE 8 Global, orthopedic soft tissue repair market by region 2009-2012 (USD million) 36
TABLE 9 Global, orthopedic soft tissue repair market by region 2013-2019(USD million) 36
TABLE 10 The North American orthopedic soft tissue repair market 2009-2012 (USD million) 38
TABLE 11 The North American orthopedic soft tissue repair market 2013-2019(USD million) 38
TABLE 12 The U.S. orthopedic soft tissue repair market by surgical procedures 2009-2012 (USD million) 39
TABLE 13 The U.S. orthopedic soft tissue repair market by surgical procedures 2013-2019(USD million) 40
TABLE 14 The Asian orthopedic soft tissue repair market 2009-2012 (USD million) 42
TABLE 15 The Asian orthopedic soft tissue repair market 2013-2019(USD million) 42
TABLE 16 The Japanese orthopedic soft tissue repair market by surgical procedures 2009-2012 (USD million) 43
TABLE 17 The Japanese orthopedic soft tissue repair market by surgical procedures 2013-2019(USD million) 44
TABLE 18 The Chinese orthopedic soft tissue repair market by surgical procedures 2009-2012 (USD million) 45
TABLE 19 The Chinese orthopedic soft tissue repair market by surgical procedures 2013-2019(USD million) 46
TABLE 20 The European orthopedic soft tissue repair market 2009-2012 (USD million) 47
TABLE 21 The European orthopedic soft tissue repair market 2013-2019(USD million) 48
TABLE 22 The U.K. orthopedic soft tissue repair market by surgical procedures 2009-2012 (USD million) 49
TABLE 23 The U.K. orthopedic soft tissue repair market by surgical procedures 2013-2019(USD million) 49
TABLE 24 The German orthopedic soft tissue repair market by surgical procedures 2009-2012 (USD million) 51
TABLE 25 The German orthopedic soft tissue repair market by surgical procedures 2013-2019(USD million) 51
TABLE 26 Rest of the world orthopedic soft tissue repair market 2009-2012 (USD million) 53
TABLE 27 Rest of the world orthopedic soft tissue repair market 2013-2019(USD million) 54
TABLE 28 The Brazilian orthopedic soft tissue repair market by surgical procedures 2009-2012 (USD million) 55
TABLE 29 The Brazilian orthopedic soft tissue repair market by surgical procedures 2013-2019(USD million) 55
TABLE 30 Major product launches in orthopedic soft tissue repair market (2010-2013) 59
TABLE 31 Major partnerships in orthopedic soft tissue repair market (2010-2013) 61
TABLE 32 Major Mergers and acquisitions in orthopedicsoft tissue repair market (2010-2013) 61

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Free Market Analysis


Orthopedic soft tissue repair is a branch of medicine that deals with the diagnosis, treatment, and prevention of injuries and illnesses resulting from sports, exercise, aging, soft tissue damage and recreational activities. Globally, increase in aging population is playing a major role in increasing the incidence of sports injuries as aging diminishes body functions and movements which makes the body more prone to injuries. As a result, this market is expected to grow at a CAGR of about 7.2% during 2013 – 2019.

Some of the key driving factors for the orthopedic soft tissue repair market are aging population, increased obesity rate, introduction of new medicine technologies, high incidence rate of soft tissue damage and sports injuries, increasing healthcare expenditure and lack of substitute for soft tissue repair surgery. However, the market faces some restraints such as lack of awareness among people about orthopedic soft tissue repair, rising cost of surgical procedures and limited reimbursements by insurers for orthopedic sports based injuries.

North America, including the U.S. has the largest orthopedic soft tissue repair market and Asia is the fastest growing market for orthopedic soft tissue repair. Some of the fastest growing markets for orthopedic soft tissue repair are China, India, Japan and the U.S. Participation in sports activities is constantly on the rise, which is resulting in high incidence of orthopedic sports injuries. For instance, in August 2013, USA Today, a news and information company reported that more than 1.35 million youngsters face severe sports injuries in the U.S. every year. Similarly, according to the European Injury Database (EU IDB) catalogue, annually on an average 6.1 million people in the European Union are treated in hospitals for sports injuries. 

The orthopedic soft tissue repair market is also witnessing shift from metallic to bio absorbable (non-metallic) anchor devices. Rising popularity of robot-assisted surgeries over traditional surgical methods and geographic expansion by leading players in developing countries are major trends in the market. 

ACL/PCL reconstruction is the largest practiced procedure in the orthopedic soft tissue repair market and it is expected to grow at a CAGR of about 8.3% during 2013 – 2019. Some of the other major procedures for orthopedic soft tissue repair are Meniscal Repair, Hip Arthroscopy, Rotator Cuff, Shoulder Labrum and Biceps Tenodesis Globally, majority of knee injury incidences are reported during sports followed by shoulder and hip injuries. Aging is considered as one of the main factors which causes rise in orthopedic soft tissue injuries including knee injuries. Aging causes weakening of bones, loss of proper bodily functions, decreased movements and flexibility leading to more cases of knee injury.

Smith & Nephew plc is the leading player in the orthopedic soft tissue repair market. Other major players include ArthroCare Corporation, LifeNet Health Inc., AlloSource and others.
 

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