Global Soft Tissue Repair Market is expected to reach USD 26,041.61 million by 2024 from USD 14,725.40 million in 2016, at a CAGR of 7.5% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Soft Tissue Repair Market Company Analysis:
Medtronic is going to dominate the global soft tissue repair market following with Smith & Nephew, C.R.Bard Inc., Wright Medical along with others such asLifecell Corporation, Baxter, B. Braun Melsungen AG, Ethicon US, LLC., Arthrex, Inc, Lifenet Health, Inc., Zimmer Biomet, Covidien, Stryker, Acera Surgical, Inc., Alphatec Spine, Inc., Acelity L.P. Inc., Osseon LLC., Integra Lifesciences Corporation, Collplant Ltd., Gore, American Medical Systems Inc., among others.
Frequently Asked Questions?
- What will the market size be in 2024?
- What are the key factors driving the global market?
- What are the challenges to market growth?
- Who are the key players in the market?
- What are the market opportunities and threats faced by the key players?
- What will be the growth rate in 2024?
- Which strategies are used by top players in the Global Soft Tissue Repair Market?
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Key Points of Global Soft Tissue Repair Market:
- The global fixation devices market is expected to reach USD 14,778.39 million by 2024, from USD 7,917.38 million in 2016, growing at a CAGR of 8.2%.
- The orthopedic repair is expected to dominate the soft tissue repair market with 43.8%market share, growing at the highest CAGR 8.0% in the forecast period 2017 to 2024.
The global soft tissue repair market is segmented on the basis of type and application channel.
The report provides data for 2015 to 2024, 2016 being the current year while 2017 to 2024 is the forecast period for the report.
On the basis of type, the global soft tissue repair market is segmented into:
- Tissue Patch/Mesh
- Laparoscopic Instruments
- Fixation Devices
Based on type, tissue patch/mesh is segmented into:
- Synthetic Mesh
- Biological Mesh
Synthetic mesh and biological mesh is sub segmented into:
Fixation devices are sub segmented into:
- Interference Screw
- Suture Anchors
- Other Fixation Devices
The global fixation devices market is expected to reach USD 14,778.39 million by 2024, from USD 7,917.38 million in 2016, growing at a CAGR of 8.2%.
On the basis of application, the global soft tissue repair market is segmented into:
- Dural Repair
- Hernia Repair
- Skin Repair
- Vaginal Sling Procedures
- Orthopedic Repair
- Dental Repair
- Breast Reconstruction Repair
The global orthopedic repair market is expected to reach USD 11,808.29 million by 2024, from USD 6,424.13 million in 2016, growing at the highest CAGR of 8.0%.
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Based on geography, the market is segmented into 5 geographical regions,
- North America
- South America
- Middle East and Africa
Key Drivers of Global Soft Tissue Repair Market:
Some of the major factors driving the market for global soft tissue repair market are increasing rate of accidents and injuries, growth in the aging population and rise in the healthcare expenditure. These factors demand the soft tissue repair which boosts the market growth.
• Lack of awareness may hinder the growth of the market.
• According to Population Reference Bureau, in 2016 number of Americans between the age of 65 and above was 46 million and by 2060 this number will rise to 98 million. The group share of 65 and older age will rise to 24% from 15%.
• Many companies are increasingly focusing on technological advancement of devices in order to strengthen their product portfolios in the soft tissue repair market.
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Table of Contents:
2. MARKET SEGMENTATION
3. MARKET OVERVIEW
4. EXECUTIVE SUMMARY
5. PREMIUM INSIGHTS
6. GLOBAL SOFT TISSUE REPAIR MARKET, BY TYPE
7. GLOBAL SOFT TISSUE REPAIR MARKET, APPLICATION
8. GLOBAL SOFT TISSUE REPAIR MARKET, BY GEOGRAPHY
9. GLOBAL SOFT TISSUE REPAIR MARKET, COMPANY LANDSCAPE
10. COMPANY PROFILES
11. RELATED REPORTS
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