Sarasota, FL, Sept. 05, 2016 (GLOBE NEWSWIRE) -- Zion Research has published a new report titled “Soft Tissue Repair (Mesh/Tissue Patch, Soft Tissue Fixation Devices, Laparoscopic Instruments and Others) Market for Skin Repair, Orthopedic, Hernia Repair, Dental, Breast Reconstruction Repair and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 - 2021” According to the report, the global soft tissue repair market was valued at around USD 11.15 billion in 2015 and is expected to reach approximately USD 17.12 billion by 2021, growing at a CAGR of around 7.5% between 2016 and 2021.
Soft tissues in the body include ligaments, tendons, skin, and synovial membrane which are support, connect, or surround other structures and organs of the body. Soft tissue injuries are segmented into the time frame since the injury and the healing processes that are occurring at that time. In repair, damage tissue is replaced by granulation tissue which matures to form scar tissue. Soft tissues are highly deformable and its properties vary significantly from one person to another. Soft tissue injuries are the most common injury in sport.
Browse 27 Market Tables and 20 Figures spread through 110 Pages and an in-depth TOC on “Soft Tissue Repair Market - Global Size, Shares, Trends, Segment & Forecast to 2021”
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Soft tissues repair market is expected to witness significant growth in the coming years owing to increasing geriatric population coupled with rising healthcare expenditure. Moreover, increasing the popularity of sports like football, basketball, and tennis there has been a significant increase in the number of soft tissue injuries arising from these games. The increasing number of soft tissue injuries due to sports is further anticipated to fuel the market for soft tissue repair in the near future. However, the high cost of treatment and an ambiguous reimbursement scenario are expected to hamper the market growth within the forecast period. Nonetheless, rising trend of minimal invasive procedure and technological advancement in orthopedic surgical products may open up new growth opportunities in the years to come.
The soft tissues repair market is segmented on the basis of products into tissue patch/mesh, soft tissue fixation devices, and laparoscopic instruments. Tissue fixation product market is expected to exhibits significant growth in the years to come on account of to its ability to preserve the tissues from decaying and growing the mechanical strength of the tissue. The laparoscopic instrument is another key outlet of soft tissues repair market.
Based on application, soft tissue repair market is further segmented into skin repair, orthopedic, hernia repair, dental, breast reconstruction repair and others. In terms of revenue, skin repair was the largest segment in 2015. This growth is mainly due to skin ability to heal itself and help in generating new tissue. Skin repair is expected to witness the fastest growth in the year come. Orthopedic was the another leading segment in 2015 due to the significant increase in the number of soft tissue injuries arising from sports games such as basketball, soccer etc.
Browse the full "Soft Tissue Repair (Mesh/Tissue Patch, Soft Tissue Fixation Devices, Laparoscopic Instruments and Others) Market for Skin Repair, Orthopedic, Hernia Repair, Dental, Breast Reconstruction Repair and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021" report at https://www.zionmarketresearch.com/report/soft-tissue-repair-market
In terms of revenue, North America held the largest share of the global soft tissue repair market and is set to dominate the world marketplace within the forecast period. This growth is mainly attributed to the increasing demand for treatment from the aging population. Moreover, increasing healthcare expenditure is further expected to propel the market growth in the near future in this region. The U.S. was the largest soft tissue repair market in 2015. In the U.S. over 200,000 anterior cruciate ligament reconstructions performed in the year 2013.
Asia Pacific is projected to be fastest growing regional market in the near future. This growth is mainly due to the increasing medical tourism in developing countries. Furthermore, soft tissue repair market has huge opportunity in the emerging markets of Asia Pacific due to the increasing aging population, rising health awareness about soft tissue repair treatment and increasing investment in the healthcare sector especially in China and India.
Europe is expected to exhibit witness significant growth in the years to come. The growth is mainly due to increasing concern regarding health among people. Moreover, increasing demand for soft tissue repair treatment and tissue regeneration coupled with technological advancement is expected to fuel the market growth within the forecast period.
Middle East & Africa is expected to witness significant growth in the near future. This growth is mainly due to the increasing healthcare awareness coupled with advancement in technology. Latin America is another important regional market and is expected to experience significant growth over the forecast period. The growth is mainly due to the increasing demand for soft tissue repair treatment coupled with technological advancement. The Latin America soft tissue repair market led by Brazil on account of increasing health awareness couple with rising number of sports injuries. Thus, all aforementioned parameters are expected to propel the market growth in this region.
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Some of the key players in the soft tissue repair market such as Smith and Nephew plc, Stryker Corporation, Integra LifeScience Corporation, LifeCell Corporation, Arthrex, Inc., Organogenesis, Covidien plc, Wright Medical Technology, Johnson & Johnson, C.R. Bard, Inc., and American Medical Systems Inc. The key companies are enhancing their product and technology base through the research & development and merger & acquisitions. For instance, Smith & Nephew acquired ArthroCare Corp., a company engaged in the development of sports medicine and soft tissue repair products in 2014.
This report segments the global soft tissue repair market as follows:
Global Soft Tissue Repair Market: Product Segment Analysis
- Mesh/Tissue Patch
- Soft Tissue Fixation Devices
- Laparoscopic Instruments
Global Soft Tissue Repair Market: Applications Segment Analysis
- Skin Repair
- Hernia Repair
- Dental Reconstruction Repair
- Breast Reconstruction Repair
Global Soft Tissue Repair Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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