The new ready report titled “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.
Global Soft Tissue Repair Market
By Product [Tissue Patch/Mesh {Synthetic Mesh, Biological Mesh (Allograft,
Xenograft), Fixation Devices (Suture Anchors, Interference Screw, Other
Fixation Devices), Laparoscopic Instruments}], Application (Hernia Repair, Skin
Repair, Dural Repair, Orthopedic Repair, Vaginal Sling Procedures, Dental
Repair, Breast Reconstruction Repair), End Users (Hospitals and clinics, ASCs,
Physicians’ offices), Geography (North America, Europe, Asia-Pacific, Europe,
South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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• No of pages: 350
• No of Figures: 60
• No of
Tables: 220
The major factors contributing to the growth of the market
includes factors such as increasing rate of accidents and injuries, growth in
the aging population and rise in the healthcare expenditure. On the other hand,
lack of awareness hinders the growth of the market.
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.
Report Segmentation:
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 and fixation devices. Based on type, tissue patch/mesh is segmented
into synthetic mesh and biological mesh. Synthetic mesh and biological mesh is
sub segmented into allograft and xenograft. Fixation devices are sub segmented
into interference screw, suture anchors, and 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, and
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%.
Based on geography, the market is
segmented into 5 geographical regions, North America, Europe, Asia-Pacific,
South America and Middle East and Africa.
Read more about the Global Soft Tissue Repair Market visit @
http://databridgemarketresearch.com/reports/global-soft-tissue-repair-market/
Key
Points of Global Soft Tissue Repair Market
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.
·
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.
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