Global Orthopedic Soft Tissue Repair Market |
According to a new market report published by
Transparency Market Research "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,"
the global orthopedic soft tissue repair market was valued at USD 5.6 billion
in 2013 and is expected to grow at a CAGR of 7.2% from 2013 to 2019, to reach
an estimated value of USD 8.5 billion in 2019.
Globally, rise 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, the market for orthopedic soft tissue repair is expected to grow at a
CAGR of about 7.2% during 2013 - 2019.
Browse Global Orthopedic Soft Tissue Repair Market Report
with Full TOC at http://www.transparencymarketresearch.com/soft-tissue-repair-sports-medicine.html
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
substitutes 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. 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.
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 and Japan. 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.
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. and AlloSource.
The global orthopedic soft tissue repair market is
segmented as follows:
Orthopedic Soft Tissue Repair Market, By Surgical Procedures
·
ACL/Reconstruction
·
Meniscal Repair
·
Rotator Cuff Repair
·
Shoulder Labrum
·
Hip Arthroscopy
·
Biceps Tenodesis
Browse Global Orthopedic Soft Tissue Repair Market
Report with Full TOC at http://www.transparencymarketresearch.com/soft-tissue-repair-sports-medicine.html
Orthopedic Soft Tissue Repair Market, By Injury Location
·
Knee
·
Shoulder
·
Hip
Orthopedic Soft Tissue Repair Market, by Geography
·
North America
·
US
·
Asia Pacific
·
Japan
·
China
·
India
·
Europe
·
UK
·
Germany
·
France
·
Rest of the World (RoW)
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Browse Global Orthopedic Soft Tissue Repair Market Report
with Full TOC at http://www.transparencymarketresearch.com/soft-tissue-repair-sports-medicine.html
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