A recent report published by Infinium Global Research on soft tissue repair market provides in-depth analysis of segments and sub-segments in global as well as regional soft tissue repair market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional soft tissue repair market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global soft tissue repair market. According to report, the global soft tissue repair market is projected to grow at a CAGR of 7.6% over the forecast period of 2018-2024.
Soft tissue refers to the tissues that connect, support or surround other structures and organs of the body. Soft tissue includes muscles, tendons, ligaments, fascia, nerves, fibrous tissues, fat, blood vessels, and synovial membranes Soft tissue injury causes are usually a blow, excessive force, flexing or extending beyond your regular range of motion and many others. The biggest risk factor for soft tissue injury is a previous injury.
Key factors responsible for driving growth in soft tissue repair market include increasing participation in sports activities, rising Incidence of Soft Tissue Injuries due to road accidents and Increasing Aging Population and Obesity Rate which in turn, increase the chances of soft tissue injuries. Also, an increase in healthcare expenditure and lack of substitutes to augment market growth. Furthermore, the growing number of specialized physicians in soft tissue repair also boosts the demand for soft tissue repair market. However limited or lack of reimbursement facilities hinders the market growth. Improved Reimbursement policies to create lucrative opportunities for soft tissue repair market. Also, increasing awareness concerning soft tissue repair techniques and growing investments potential in emerging market will further create growth opportunities.
North America dominates the soft tissue repair market in 2017 while Europe is the second largest region. The U.S drives the North America soft tissue repair market, owing to the presence of key players in this region, favorable reimbursement policies for tissue reconstruction and the presence of specialized physicians of soft tissue repair. Asia pacific region is exhibited to grow at the fastest CAGR during the forecast period. Factors such as growing medical tourism, an increase in healthcare expenditure and raising awareness are anticipated to boost the Asia Pacific region market.
The report on global soft tissue repair market covers segments such as product type and application. On the basis of product type, the global soft tissue repair market is categorized into fixation product, mesh patch and laparoscopic instruments. Fixation product can be further classified as interference screw, suture anchors and another fixation device. Whereas mesh patch is further classified as biological mesh and synthetic mesh. The biological mesh can be again sub-segmented as allografts and xenografts. On the basis of application, the global soft tissue repair market is categorized into skin repair, hernia repair, orthopedic, vaginal sling repair and dental & breast reconstruction repair. An orthopedic segment is further classified as sports medication, dural repair & lendon reinforcement and others
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global soft tissue repair market such as, C.R Bard, Inc., Smith & Nephew Plc, Wright Medical Group, Inc., Lifecell Corporation, Ethicon US, LLC., Arthrex, Inc., Lifenet Health, Inc., Medtronic plc, Integra Lifesciences Corporation and American Medical Systems Inc..
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global soft tissue repair market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of soft tissue repair market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the soft tissue repair market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the soft tissue repair market to understand the present and future trends in this market and formulate their strategies accordingly.
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