USD 6.60 billion
Orthopedic Soft Tissue Repair Market Size, Share, Growth Analysis, By Application(Rotator Cuff Repair, Epicondylitis, Achilles Tendinosis Repair, Pelvic Organ Prolapse), By Injury Location(Knee, Shoulder, Hip, Small Joints), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2582 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
70
|Figures:
65
Orthopedic Soft Tissue Repair Market Insights
Global Orthopedic Soft Tissue Repair Market size was valued at USD 6.60 billion in 2022 and is poised to grow from USD 7.15 billion in 2023 to USD 13.53 billion by 2031, growing at a CAGR of 8.3% in the forecast period (2024-2031).
The adoption and affordability of available treatment avenues are projected to be influential drivers of market expansion. Notably, the Global Burden of Diseases (GBD) study conducted in 2017 highlighted musculoskeletal injuries as contributing to 16% of all years lived with disability, positioning it as the leading contributor to the global disability index.
Conversely, the hip application segment is poised to exhibit the swiftest growth, boasting a CAGR of 8.8% over the forecast period. This remarkable growth can be attributed to the escalating occurrence of hip joint dysfunction triggered by soft tissue injuries. Such injuries surrounding the hip joint can lead to impaired joint functionality. Recent focus areas in hip pathology encompass concerns like hip impingement and labral tears. With an increasing prevalence of conditions such as labral tears, chondral damage, and ligamentum teres lesions in deep hip soft tissues that are not effectively treatable through physiotherapy alone, this segment has garnered considerable attention. Consequently, market players are being spurred to innovate novel devices and therapies to cater to the demand for more effective treatment solutions.
US Orthopedic Soft Tissue Repair Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Knee
Fastest Growth
Hip
Growth Rate
8.3% CAGR
Global Orthopedic Soft Tissue Repair Market ($ Bn)
Country Share for North America Region (%)
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Orthopedic Soft Tissue Repair Market Segmental Analysis
The global orthopedic soft tissue repair market is segmented on the basis of application, injury location, region. By application, the market is segmented into rotator cuff repair, epicondylitis, achilles tendinosis repair, pelvic organ prolapse, gluteal tendon repair, cruciate ligaments repair, hip arthroscopy, biceps tenodesis, others. By injury location, the market is segmented into knee, shoulder, hip, small joints. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Orthopedic Soft Tissue Repair Market Analysis By Injury Location
The injury location segment encompasses various areas, including the knee, shoulder, hip, and small joints. In 2022, the knee application segment secured the largest market share at 38.9%. This expansion is attributed to the wider applicability and acceptance of orthopedic soft tissue repair procedures, along with the growing adoption of treatment options in both developed and emerging nations. Furthermore, the accessibility and affordability of available treatment alternatives are expected to propel market growth. According to the 2017 Global Burden of Diseases (GBD) study, musculoskeletal injuries contributed to 16% of total years lived with disability, making it the foremost contributor to the global disability index.
Conversely, the hip application segment is poised to exhibit the highest growth, projected to achieve a CAGR of 8.8% throughout the forecast period. This surge is primarily driven by the increasing prevalence of hip joint dysfunction caused by soft tissue injuries. Such injuries surrounding the hip joint can lead to dysfunction. Notably, recent years have seen a focus on hip pathology areas such as hip impingement and labral tears. The rising occurrences of labral tears, chondral damage, and lesions in deep soft tissues within the hip, which often cannot be effectively treated through physiotherapy alone, have garnered attention. As a result, this segment is fueling innovation among market players, encouraging the development of devices and therapies for effective treatment solutions.
Orthopedic Soft Tissue Repair Market Analysis By Application
In 2022, the largest market share of 40.2% was secured by the cruciate ligaments repair category. This growth is directly linked to the escalating occurrence of ACL injuries prevalent in sporting activities, with sports like soccer and baseball frequently contributing to such injuries. The American Journal of Sports Medicine reported an annual ACL injury incidence of 68.6/100,000 individuals. The surge in sports participation has driven a corresponding increase in sports-related injuries, driving the demand for enhanced orthopedic soft tissue repair solutions. Notably, in 2018, nearly 399,431 reconstruction procedures were conducted in the U.S., and this number is projected to reach 787,463 by 2025.
ACL injuries account for 40% to 50% of all knee ligament injuries. The mounting prevalence of knee injuries, coupled with the introduction of innovative, technologically advanced, and patient-friendly products that are also cost-effective, are pivotal factors anticipated to drive the adoption of these procedures. Additionally, growing awareness about the potential development of arthritis due to unaddressed ACL tears and injuries is expected to encourage patients to opt for either invasive or minimally invasive surgical interventions.
Global Orthopedic Soft Tissue Repair Market By Injury Location
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Orthopedic Soft Tissue Repair Market Regional Insights
In 2022, North America held the predominant market share of 45.0%, primarily influenced by the escalating number of knee arthroscopies conducted within the region. Notably, an article published by the Osteoarthritis Research Society International revealed that out of the annual 1 million knee arthroscopies performed in the United States, a substantial 700,000 involved meniscus procedures. The region's growth is further propelled by the augmentation of healthcare expenditure and investments in healthcare infrastructure. Increased healthcare spending plays a pivotal role in rendering costly orthopedic soft tissue repair surgeries more accessible. For instance, data from the National Health Expenditure (NHE) study conducted by KFF elucidated that the total national health expenditure in the U.S. surged from USD 3,178 billion in 2015 to USD 3,795 billion in 2019.
On the other hand, the Asia Pacific region is poised to exhibit the swiftest growth with a projected CAGR of 9.7% during the forecast period. This surge is attributed to the mounting prevalence of musculoskeletal disorders and a simultaneous rise in disposable income. The region's market expansion is further facilitated by a robust presence of local medical device manufacturers, bestowing substantial growth prospects. Additionally, the market is driven by ongoing research endeavors, notably in Japan and India, coupled with a sizable geriatric population susceptible to musculoskeletal ailments. Japan, in particular, stands out with the highest geriatric demographic within the region.
Global Orthopedic Soft Tissue Repair Market By Region
- Largest
- Fastest
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Orthopedic Soft Tissue Repair Market Dynamics
Orthopedic Soft Tissue Repair Market Drivers
Rising Incidence of Orthopedic Injuries
- The increasing prevalence of sports-related injuries, trauma cases, and degenerative musculoskeletal conditions is driving the demand for effective soft tissue repair solutions.
Sports and Physical Activity
- The increasing participation in sports and physical activities is leading to a higher incidence of injuries, creating a continuous demand for effective soft tissue repair solutions.
Orthopedic Soft Tissue Repair Market Restraints
Regulatory Challenges
- Stringent regulatory approval processes for new orthopedic soft tissue repair products and technologies can lead to delays in market entry and product adoption.
High Costs
- The costs associated with orthopedic soft tissue repair procedures, including surgical equipment, implants, and post-operative care, can be substantial. This cost factor can limit access to advanced treatments, particularly in resource-constrained healthcare systems.
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Orthopedic Soft Tissue Repair Market Competitive Landscape
The competitive landscape of the global orthopedic soft tissue repair market is marked by intense rivalry among key players striving to establish their prominence. Leading medical device companies are engaged in strategic initiatives such as mergers, acquisitions, collaborations, and partnerships to expand their product portfolios and geographical presence. These players focus on continuous research and development to introduce innovative and technologically advanced soft tissue repair solutions, enhancing patient outcomes.
Moreover, the market showcases a diverse range of products catering to various orthopedic needs, including ligament and tendon repair, meniscus repair, and rotator cuff repair. Key manufacturers vie for market share by offering a wide array of products, including grafts, sutures, anchors, and patches, each tailored to address specific anatomical requirements.
Geographically, established players dominate in mature markets like North America and Europe, leveraging their brand recognition and distribution networks. Meanwhile, emerging economies in Asia-Pacific and Latin America provide lucrative opportunities for market expansion, prompting players to tailor their strategies to cater to the unique demands of these regions.
Orthopedic Soft Tissue Repair Market Top Player’s Company Profiles
- Stryker Corporation (United States)
- Medtronic plc (Ireland)
- Zimmer Biomet Holdings, Inc. (United States)
- CONMED Corporation (United States)
- DePuy Synthes (United States)
- Ceterix Orthopaedics (United States)
- ArthroCare Corporation (United States)
Orthopedic Soft Tissue Repair Market Recent Developments
-
In March 2023, Maruho Medical, Inc., a medical device manufacturer providing innovative solutions for orthopedic sports medicine surgery and soft tissue repair, launched a new website to support the company’s next phase of growth. The website has been updated to showcase the company’s entire product portfolio, including the recent launch of the apollo® Knotless Anchor.
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In January 2023, orthopedics giant Zimmer Biomet entered into a definitive agreement to acquire Embody, a company that makes collagen-based implants designed to heal soft tissue injuries. Zimmer Biomet pursued the deal to grow its sports medicine portfolio and gain entry into the high-growth rotator cuff augmentation submarket.
Orthopedic Soft Tissue Repair Key Market Trends
- Minimally Invasive Procedures: Increasing preference for minimally invasive surgical techniques for orthopedic soft tissue repair is a prominent trend. Patients and surgeons alike are opting for procedures that offer quicker recovery, reduced postoperative pain, and shorter hospital stays.
- Biologics and Regenerative Therapies: Growing focus on biologic-based approaches, such as tissue grafts and regenerative therapies, is gaining traction. These methods aim to promote natural healing and tissue regeneration, contributing to better patient outcomes.
Orthopedic Soft Tissue Repair Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global orthopedic soft tissue repair market analysis, the global orthopedic soft tissue repair market presents a landscape characterized by dynamic growth and transformative advancements. The rising prevalence of orthopedic injuries and disorders, coupled with the increasing geriatric population, has fueled the demand for innovative soft tissue repair solutions. Technological innovations, such as minimally invasive techniques and biocompatible materials, are driving the market's expansion. Additionally, the market benefits from strong investments in research and development, leading to the introduction of more effective and patient-friendly treatment options.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 6.60 billion |
| Market size value in 2031 | USD 13.53 billion |
| Growth Rate | 8.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Orthopedic Soft Tissue Repair Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Orthopedic Soft Tissue Repair Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Orthopedic Soft Tissue Repair Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Orthopedic Soft Tissue Repair Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Orthopedic Soft Tissue Repair Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Orthopedic Soft Tissue Repair Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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