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(India.CityRegions.Com, August 21, 2018 ) Industry Outlook and Trend Analysis
Orthopedic Soft Tissue Repair Market was worth USD 6.56 billion in 2014 and is expected to reach approximately USD 12.91 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.81% during the forecast period. The essential driver of the market is sport injuries, which is assessed to add to the development of the market significantly. Injuries that are caused due to sports are the most well-known reasons resulting in muscle damage. Athletes have a tendency to get their anterior cruciate tendon (ACL) impacted amid sports or any kind of physical exercises. Accordingly, expanding prevalence of sport related injuries is anticipated to drive the market development. Athletes partaking in soccer or ball games are probably going to get influenced with such kind of damage. Therefore, meniscal tear is likewise connective tissue damage, which is generally caused among young people. Aged populace additionally assumes a vital part relating to the development of the market.
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Procedure Outlook and Trend Analysis
On the basis of procedure, cruciate ligaments repair represented the biggest revenue of around USD 1.9 billion in 2015 attributable to its significant applicability in connective tissue knee damage. ACL reconstruction is a sort of medical procedure that includes recreation of the tendon in the middle of one's knee with a graft. In the U.S., around 100,000 to 200,000 ACL wounds are enrolled every year.
Injury Location Outlook and Trend Analysis
Based on injury location knee wounds are a standout amongst the most widely recognized musculoskeletal issue common among individuals. This is the commonly influenced injury location coming about due to sport games among the competitors. Meniscal tear is a typical connective tissue knee damage which is progressively caused among athletes. Despite the fact that it is associated with traumatic mishaps, it can likewise emerge because of ligament degeneration process in osteoarthritis. Such wounds are commonly caused among the aged populace inferable from debilitating of muscles.
Regional Outlook and Trend Analysis
North America held the biggest share of orthopaedic delicate tissue repair market in 2015 inferable from its rising medicinal services consumption. Surgical reconstruction of interfacing tissues is expensive. Subsequently, the human services use for the U.S. rising 5.3% in 2014 is anticipated to positively affect the delicate tissue reproduction medical procedure relating to its moderateness factor. Asia Pacific is anticipated to indicate appealing CAGR of more than 8.0% over the estimate time frame.
Competitive Insights
The leading players in the market are CONMED Corporation, Zimmer Biomet, Smith & Nephew, DePuy Synthes Companies, Stryker Corporation and Arthrex. The organizations are concentrating on mergers and acquisitions with a goal to improve their item portfolio. For example, Zimmer Biomet gained Cayenne Medical, which was engaged with cutting edge soft tissue repair and reconstruction solutions for knee, shoulder, and furthest points.
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The Orthopedic Soft Tissue Repair Market is segmented as follows-
By Procedure
Cruciate Ligaments Repair
Epicondylitis
Rotator Cuff Repair
Achilles Tendinosis Repair
Pelvic Organ Prolapsed
Hip Arthroscopy
Gluteal Tendon
Biceps Tenodesis
By Injury Location
Small Joints
Hip
Shoulder
Knee
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
South Africa
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com
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