Soft Tissue Repair Market Is Predicted To Grow Swiftly Due To Growing Number Of Patients Suffering From Sports Related Injuries Till 2025: Grand View Research, Inc.
The global soft tissue repair market is expected to reach USD
10.73 billion by 2025, according to a new report by Grand View Research, Inc.
Growing number of trauma patients and orthopedic surgeries is one of the key
factors expected to drive revenue growth in 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 movement of the bones,
which if left untreated can lead to chronic pain. Over the long-term, injuries
hamper everyday life of the patients as it becomes difficult to work, socialize
or even move. Most of the injuries are caused because of sprain, 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 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
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 soft tissue repair market. 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.
North America soft tissue repair market by product, 2014
- 2025 (USD Billion)
Browse full research
report on Soft Tissue Repair Market: http://www.grandviewresearch.com/industry-analysis/soft-tissue-repair-market
Further Key Findings From the Study Suggest:
- The global
soft tissue repair market size was estimated at USD 5.73 billion in 2016
and is expected to grow at a CAGR of 7.3% from 2017 to 2025
- Fixation
products emerged as the largest product type segment in 2016 and is
estimated to generate revenue over USD 6.15 billion by 2025
- Orthopedic
surgery segment was estimated at USD 1.47 billion in 2016 and is
anticipated to witness fastest growth over the forecast period
- The Asia
Pacific region is projected to witness substantial growth over the next
decade owing to various developments across major economies in the region.
This regional market is expected to grow at a CAGR of 7.7% from 2017 to
2025
- Some of the
key players including Stryker Corporation; Arthrex, Inc.; C.R.Bard, Inc.,
Integra LifeScience Corporation, Smith & Nephew plc. and Depuy Synthes
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-soft-tissue-repair-market
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
Comments
Post a Comment