Global Orthopedic Soft Tissue Repair Market by Application (Pelvic Organ Prolapse, Epicondylitis), by Injury Location (Hip, Small Joints, Shoulder, Knee) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global orthopedic soft tissue repair market was valued at USD 5.9 Billion in 2020. It is projected to grow at a compound annual rate (CAGR of 6.3%) between 2021 and 2028. Market growth is expected to be driven by an increase in soft tissue injuries caused by the aging population, increased obesity, and injuries sustained during sports and other physical activities. Other factors that will drive demand for orthopedic soft tissues repair therapies include innovations in therapies and devices, increasing R&D activities, healthcare awareness, and a shortage of treatments. Market growth will also be boosted by the introduction of new technologies such as bioprinting, biological meshes and biofabrication. CoNextions TR from CoNextions Medical, for example, is faster than traditional suture-approach repairs and allows patients to recover quicker.

Over the forecast period, the market will be impacted by the rapid increase in sports-related injuries and the rapid growth of athletes. Soft tissue injuries are most common in sports activities. ACL injuries can cause mobility problems for athletes. Safe Kids Worldwide found that young athletes visit emergency rooms more than one million times per year for sports-related injuries. Growing career options and a growing interest in fitness have led to more people choosing sports as a hobby, or as a career. This, in turn, will increase their risk of sustaining injuries. According to Standard Children's Health in the U.S.A, approximately 3.5 million kids and teens are injured each year, out of 30,000,000 children and teenagers who participate in sports.

The increase in life expectancy has resulted in a rise in the number of geriatrics, which is expected continue to grow. The skeletal and neuromuscular systems of the elderly can undergo significant changes, including arthritis, weak ligaments and ACL tear. Global demand for orthopedic soft tissue repairs has increased due to an increase in the elderly population. The geriatric population continues to grow rapidly. According to the Population Reference Bureau, the population of Americans 65 and older is expected to double in 2019. It was estimated that by 2060, the total number of Americans will be 95 million. This figure would increase from 52 million Americans in 2018, to 95 million in 2060. The population 65 and over is expected to increase from 16% to 23%. The market for orthopedic soft tissue repairs will continue to grow because of the increasing demand for long-term and acute healthcare services.

Another factor driving significant market growth is the rising awareness of orthopedic soft tissue repair. A number of neuromuscular training programs have been developed for athletes. They are expected to help reduce the risk of ACL injuries and other injuries. Awareness about osteoporosis is increasing, which is the most common disease in people over 70. According to the International Osteoporosis Foundation (IOF), hip fractures will increase from 1.66 Million in 1990 to 6.26 Million in 2050. This disorder is increasing in prevalence, which can cause an increase in the economic burden of various countries and drive market growth.

Impact of COVID19 on the orthopedic soft tissue market: 1.1% decrease in revenue growth for 2020

Key companies are also focusing on R&D and collaborating with industry players. Geographic expansions and product differentiation are some of the key strategies they use to gain a competitive advantage in the market. Zimmer Biomet, for example, acquired A&E Medical in December 2020. This company is a supplier of sternal closure products. The acquisition would have a positive impact on the company's ability to provide rigid fixation devices and sternal closure products to patients and clinicians.

Application Insights

The market for orthopedic soft tissues repair was dominated by the segment of cruciate ligaments repairs in 2020. It accounted for 39.8% of the largest revenue share. This is due to an increasing number of ACL injuries in sports activities. These types of injuries are common for baseball and soccer players. According to the American Journal of Sports Medicine (AJSM), the annual incidence of ACL injuries is 68.6 per 100,000 people. An increase in sports activity is leading to an increase in sports injuries. This is driving the demand for better orthopedic soft tissue repair products. According to our estimates, nearly 399.431 reconstructive procedures were performed in the U.S. in 2018. This number is expected increase to 787.463 in 2025.

This segment is expected to grow the fastest during the forecast period. The ACL is responsible for 40 to 50% of all injuries to the knee ligaments. These surgeries will be more popular due to increasing incidence of knee injuries as well as the availability of cost-effective, patient-friendly products. Patients will also be more aware of the potential dangers of developing arthritis due to untreated ACL tears or injuries.

Insights on Injury Location

The largest share of revenue was 39.0% for the knee segment in the orthopedic soft tissue repair market. It dominated this market by 2020. This is due to greater acceptance and applicability of orthopedic soft tissue repairs surgeries and increased adoption of treatment options both in developed and developing countries. Soft tissue knee injuries are a common musculoskeletal disorder. This is due to the rising prevalence of soft tissue injuries in the knees, as well as wear downs and impairments from sports injuries, trauma, and other issues. Market growth will also be driven by the acceptance of and affordability for available treatment options. The Global Burden of Diseases (GBD), 2017 study, found that musculoskeletal injury accounted for 16% of all years with disability. This makes it the largest contributor to the global disability index.

The market for orthopedic soft tissues repair is expected to grow the fastest in the hip segment during the forecast period. This rapid growth is due to an increasing number of hip joint dysfunctions caused by soft tissue injuries. Joint dysfunction may be caused by soft tissue injuries around the hip joint. Impingement in the hip, hip labrum tears and hip impingement were some of the most prominent areas of hip pathology in recent years. This segment is seeing increasing numbers of hip pathology such as labral tears, chondral injury, and ligamentum Teres lesions in the hips. These conditions are difficult to treat with physiotherapy and market players are looking for innovative treatments.

Regional Insights

North America was the dominant market for orthopedic soft tissue repair and held the largest revenue share at 45.7% in 2020. This is due to the increasing number of knee arthroscopies in the region. According to an Osteoarthritis Society International article, 700,000. of the 1,000,000 knee arthroscopies that are performed each year in the U.S.A, 700,000. involved the meniscus. The key driver of regional growth can also be attributed to increasing healthcare expenditures and investments in healthcare infrastructure. An increase in healthcare spending could make costly orthopedic soft tissue repair procedures more affordable. KFF data shows that the US's total national health spending increased from USD 3178 billion in 2015, to USD 3795 billion in 2019, according to NHE data.

The market for orthopedic soft tissues repair in Asia Pacific is expected to grow the fastest during the forecast period. This is due to rising disposable income and the growing prevalence of musculoskeletal conditions. The market is seeing significant growth due to the increased penetration of local medical device manufacturers. The market is also driven by ongoing research, especially in India and Japan, as well as the large number of elderly people at risk for musculoskeletal problems. Japan, for instance, is the country with the largest geriatric population.

Market Share Insights & Key Companies

With the presence of many companies, the market is fragmented. This is causing increased competition in the orthopedic soft tissue market. To expand their product range and to expand their reach in new markets, key companies are seeking multiple partnerships or MnA. Companies are also focusing on product differentiation, bundling strategies, and capturing a larger market share. Smith & Nephew purchased the Extremity Orthopedics company from Integra LifeSciences Holdings Corporation in January 2021 for USD 240 millions. This acquisition was expected boost the growth of the extremities segment, shoulder replacement, and foot and ankle segments. The following are some of the major players in the market for orthopedic soft tissue repairs:

• Arthrex, Inc.

• DePuy Synthes, Inc.

• Stryker

• Wright Medical Group N.V.

• Zimmer Biomet

• CONMED Corporation

• Integra LifeSciences Holding Corporation

• Smith & Nephew

Up Market Research published a new report titled “Orthopedic Soft Tissue Repair Market research report which is segmented by Application (Pelvic Organ Prolapse, Epicondylitis), by Injury Location (Hip, Small Joints, Shoulder, Knee), By Players/Companies DePuy Synthes Inc, Smith & Nephew, Arthrex Inc, Integra LifeSciences Holding Corporation, CONMED Corporation, Stryker, Wright Medical Group NV, Zimmer Biomet”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Orthopedic Soft Tissue Repair Market Report Segments:

The market is segmented by Application (Pelvic Organ Prolapse, Epicondylitis), by Injury Location (Hip, Small Joints, Shoulder, Knee).

Orthopedic Soft Tissue Repair Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Orthopedic Soft Tissue Repair Market

Overview of the regional outlook of the Orthopedic Soft Tissue Repair Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Orthopedic Soft Tissue Repair Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Orthopedic Soft Tissue Repair Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Pelvic Organ Prolapse

                2. Epicondylitis

                1. Hip

                2. Small Joints

                3. Shoulder

                4. Knee

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Orthopedic Soft Tissue Repair Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Orthopedic Soft Tissue Repair Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.