The global Soft Tissue Repair market size is expected to be worth around US$ 20.73 billion by 2030, according to a new report by Vision Research Reports.
The global Soft Tissue Repair market size was valued at US$ 15.73 billion in 2020 and is anticipated to grow at a CAGR of 17.3% during forecast period 2021 to 2030.
Growth Factors
A growing number of trauma patients and orthopedic surgeries is one of the key factors expected to drive revenue growth in the coming few years.
Soft tissue comprises of muscles, ligaments, tendons, fibrous tissue, skin, synovial membranes, nerves, and others which protect organs, enable movement and support bones in the body. Injury to the soft tissues can cause severe pain and also may stop the movement of the bones, which if left untreated can lead to chronic pain. Over the long-term, injuries hamper the everyday life of the patients as it becomes difficult to work, socialize, or even move. Most of the injuries are caused because of sprain, the trauma of strain on the muscles. Soft tissue repair surgery comprises of procedures wherein devices like grafts, sutures, anchors, and other devices are used to remodel, reshape, or fix the damaged parts to restore its functionality. With the growing number of related injuries, the products used in repair surgeries are expected to witness exponential demand over the forecast period.
Factors influencing soft tissue repair market growth are the growing number of patients suffering from sports-related injuries. Sprains, contusions, strains, tendinitis, and bursitis are some common injuries, that are suffered by athletes. Growing awareness about the impact of these injuries on athletes’ performance and awareness regarding available treatment options for soft tissue repair are expected to promote revenue growth of the market. The ageing population is another significant factor promoting revenue growth. Old people are more susceptible to fractures and trauma associated injury and often require joint replacement and reconstruction surgeries. According to a United Nations report in 2015, the population of people aged 60 years and above is projected to grow by 56% and is expected to reach 1.4 billion by 2030. This in turn is expected to bolster the patient pool for joint replacement and soft tissue repair surgeries and in turn propel revenue growth of the market over the forecast period.
Report Highlights
The global soft tissue repair market is segmented into the following: fixation products and patch/mesh. The fixation product segment dominated the market in 2020. This segment accounted for nearly 55.0% share by revenue and is expected to be the dominant segment throughout the forecast period. The fixation products segment is further categorized into sutures and suture anchors, these are used for the joining of tissues and bones. Tissue patch/mesh segment is further divided into biological and synthetic, depending upon the raw material used for manufacturing the patches/mesh.
Tissue patch/mesh segment is mainly dominated by synthetic products. The low price of synthetic products is expected to be the major factor in promoting demand. The demand for synthetic devices is observed to be comparatively lower in developed countries but is significantly high in price-conscious low – income and emerging countries. Biological patches/mesh have higher benefits like rapid recovery rate and low rejection owing to which these products have started gaining traction and are anticipated to witness high growth over the forecast period.
Fixation products comprise of sutures and suture anchors. This segment is expected to comprise of the largest share by volume however, owing to the low price of these products as compared to tissue patches and mesh, the fixation products segment is anticipated to account for a smaller share of the market by product type. Sutures segment is expected to be dominant throughout the forecast period in the overall fixation products.
By application, the market is segmented into eight key applications, which include orthopedic surgery, breast reconstruction, hernia repair, skin repair, vaginal sling repair, cardiovascular surgery, dental reconstruction, and others. The orthopedic surgery segment accounted for the largest share of around 25.7% in 2016. This segment is expected to maintain its dominance throughout the forecast period owing to the increasing number of trauma and sports-related injury cases, globally.
The cardiovascular segment is anticipated to be the second-largest by the application. This segment is anticipated to expand at a CAGR of 7.4% over the forecast period. A growing number of cardiovascular repair surgeries and increasing adoption of patches/mesh in cardiovascular surgeries is expected to boost demand for soft tissue repair products.
The breast reconstruction segment is anticipated to be the third-largest by application type in the global market. With the growing number of women suffering from breast cancer, the number of breast reconstruction surgeries is projected to grow significantly during the forecast period, which in turn is expected to boost demand for soft tissue repair products used for breast reconstruction surgeries and in turn promote growth.
North America was estimated to be the leading market and accounted for around 32.2% share of the total market revenue in 2016, whereas emerging economies such as India, China, and Brazil are anticipated to exhibit rapid growth during the forecast period. Rising geriatric population and a growing number of trauma cases are expected to increase demand for soft tissue repair products over the forecast period.
The U.S. was estimated to be the leading country in North America market in 2020. It is also anticipated that the U.S. will hold the largest revenue share over the forecast period owing to the local presence of several key players with an established distribution channel. Favorable reimbursement policies for orthopedic, cardiovascular, and other tissue reconstruction surgeries in the U.S. are factors responsible for promoting revenue growth.
Key Players
Stryker Corporation; Arthrex, Inc.; C.R. Bard, Inc., Integra LifeScience Corporation, Smith & Nephew plc. and Depuy Synthes
Market Segmentation
Product Outlook
Fixation Products
Suture
Suture Anchors
Tissue Patch/Match
Biological
Synthetic
Application Outlook
Orthopedic Surgery
Breast Reconstruction
Hernia Repair
Skin Repair
Vaginal Sling Repair
Cardiovascular Surgery
Dental Reconstruction
Others
Regional Outlook
North America
The U.S.
Canada
Europe
Germany
The U.K.
Asia Pacific
China
Japan
Latin America
Brazil
Mexico
Middle East & Africa
South Africa
The Soft Tissue Repair market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Soft Tissue Repair market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Soft Tissue Repair market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Soft Tissue Repair market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Soft Tissue Repair market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Soft Tissue Repair capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Soft Tissue Repair by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Soft Tissue Repair market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Soft Tissue Repair market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Soft Tissue Repair market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Soft Tissue Repair industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Soft Tissue Repair market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Soft Tissue Repair market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Soft Tissue Repair market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Soft Tissue Repair market. These factors have benefited the growth of the global market for Soft Tissue Repair. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Soft Tissue Repair. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Soft Tissue Repair are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers