Published: Oct, 2014
In its latest market research repot published recently, Transparency Market Research, a U.S.-based market intelligence firm states that the global orthopedic soft tissue repair market is estimated to reach a worth of USD 8.5 billion by the end of 2019. The report, titled ‘Orthopedic Soft Tissue Repair Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,’ is now available for sale on the company’s website.
Browse Full 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 Report at https://www.transparencymarketresearch.com/soft-tissue-repair-sports-medicine.html
The report states that the worldwide soft tissue repair market that was worth USD 5.16 billion in 2013, will report a compounded annual growth rate (CAGR) of 7.2% to grow into a USD 8.5 billion market by the end of 2019.
Among the main factors propelling this growth, the report states that the increasing aging population plays a key role in the growing incidences of sports injuries that (coupled with the age factor) restrict bodily movements and functions. Besides an aging population, the other contributing factors for an expanding soft tissue repair market are: higher obesity rates worldwide, the development and launch of new medicines, a growth in the number of sports injuries reported, upward trend in healthcare expenditure, and overall a higher rate of damage to soft tissue.
Despite these propellants, the market continues to face certain restraining factors that include a lack of awareness pertaining to soft tissue injury and the
availability of soft tissue repair options. Similarly, surgical procedures are becoming more costly and insurers provide limited reimbursements for orthopedic soft tissue repair procedures, causing patients to desist from undergoing such procedures.
The global market for soft tissue repair is presently characterized by certain changing trends. These comprise: a preference from bio-absorbable anchor devices as compared to the conventionally used metallic anchor devices. Another key trend is the increasing inclusion of surgical robots in surgeries for soft tissue repair. Yet another trend that will shape the future of this market is the foray of leading market players into developing and emerging economies of Asia, Latin America, Africa and others.
The report discusses the contribution and business potential presented by various geographical regions worldwide. According to the report, North America holds the largest share in the orthopedic soft tissue repair market, whereas Asian countries—especially China, Japan, and India-will record the fastest growth in this market over the forecast period of the report.
This report also discusses the orthopedic soft tissue repair market based on various procedures employed. These include ACL/PCL reconstruction, Niceps Tenodesis, Rotator Cuff, Meniscal Reapir, Shoulder Labrum, and others.
The report also includes a comprehensive section on company profiles where users can gain sharp insights into the current and future strategies and investments by leading market players.
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a
broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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