The growing number of sports-related injuries and innovation in therapies and devices will assure exponential growth for the orthopedic soft tissue repair market.
Soft tissue injuries are frequent among a substantial chunk of the populace and are one of the most common musculoskeletal disorders. Furthermore, a rise in the geriatric population and the expanding obesity numbers are bringing promising growth for the orthopedic soft tissue repair market. Thus, based on all these aspects, the demand for the orthopedic soft tissue repair market is estimated to flourish. All these factors serve as growth pillars for the orthopedic soft tissue repair market.
Orthopedic soft tissues are cells that connect ligaments, cartilage, muscles, fascia, fibrous, and skin tissues. These injury types can be corrected using the orthopedic soft tissue repair devices. The repairs can be conducted through minimally invasive procedures or open surgical procedures.
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Some aspects can prove to be growth restraints for the orthopedic soft tissue repair market. The procedures involving the repair of orthopedic soft tissues are expensive. In addition, lack of proper reimbursement policies in some countries dents the growth of the orthopedic soft tissue repair market. However, as many countries focus on developing their healthcare infrastructure, reimbursement policies may see a revamp.
On the basis of application, the orthopedic soft tissue repair market can be classified into gluteal tendon repair, rotator cuff repair, Achilles tendinosis repair,, epicondylitis, biceps tenodesis, cruciate ligaments repair, pelvic organ prolapsed, hip arthroscopy, pelvic organ prolapse, and others. The soft tissue repairs can be conducted on organs like small joints, knee, shoulder, and hip.
TMR Research has covered various aspects related to the growth of the orthopedic soft tissue repair market in the report. The report mentions about numerous aspects that will lead the stakeholder to extensive success. Furthermore, the report reveals the threats and weaknesses of the orthopedic soft tissue repair market to make the stakeholders and the CXOs aware so that they can plan their future business strategies accordingly. The COVID-19 impact has also been included in the report for more clarity on the current situation.
Orthopedic Soft Tissue Repair Market: Competitive Insights
The orthopedic soft tissue repair market is highly fragmented. Many players indulge in fierce competition for increasing their influence across the orthopedic soft tissue repair market. The players are also involved in research and development activities. These activities help in adding new technological developments, eventually expanding the growth landscape of the orthopedic soft tissue repair market.
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Strategic collaborations also form an important part of the orthopedic soft tissue repair market growth structure. The players indulge in mergers, acquisitions, joint ventures, and partnerships for increasing their influence across the orthopedic soft tissue repair market. Expansion of production facilities is also crucial for the overall growth of the global market.
Some well-entrenched players in the orthopedic soft tissue repair market are Integra LifeSciences Holding Corporation, DePuy Synthes, Inc., Smith & Nephew, Wright Medical Group N.V., Stryker, Zimmer Biomet, and Arthrex, Inc.
Orthopedic Soft Tissue Repair Market: Recent Developments
The orthopedic soft tissue repair market is abuzz with developments. These developments have a profound impact on the growth trajectory of the orthopedic soft tissue repair market. Some major developments across the global market are as follows:
- 4D Biomaterials recently raised US$ 2.2 Mn for commercializing a novel shape-changing biopolymer for use in soft tissue repair.
- Panther Orthopedics recently announced the use of the PUMA system, its soft tissue platform technology in lapidus surgeries.
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Orthopedic Soft Tissue Repair Market: Regional Aspects
North America’s orthopedic soft tissue repair market is extrapolated to witness a dominating position between 2020 and 2030. The numbers of knee arthroscopies performed in the region are increasing at a rapid rate, eventually boosting the growth prospects. The Asia Pacific’s orthopedic soft tissue repair market is anticipated to record fast growth owing to the rising prevalence of musculoskeletal disorders.
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