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Home » Press Releases » Soft Tissue Repair Market will be worth $22.84 billion by 2030

Soft Tissue Repair Market will be worth $22.84 billion by 2030


Published Date: Apr-2022 | Report Format:Electronic (PDF)

The report "Soft Tissue Repair" Market by Product (Tissue patch/mash, and Laparoscopic instrument injectors), Application (Hernia Repair, Dural Repair, Vaginal Sling Procedures, Skin Repair, Orthopaedic repair, Dental repair, Breast Reconstruction Repair), End-User (Hospital, Clinics and Others), & Region (North America, Europe, Asia Pacific, and Rest of the world)- Global Forecast to 2030. "The Global Soft tissue repair Market share was USD 11.82 billion in 2020. The market is expected to reach USD 22.84 billion by 2030, representing a CAGR of 6.81% throughout the forecasted period. 

 

To know more about the report, Click on the link :- https://www.strategicmarketresearch.com/market-report/soft-tissue-repair-market

 

KEY FACTORS THAT ARE CONTINUOUSLY AUGMENTING THE MARKET GROWTH

Some of the most notable factors driving the market's overall growth worldwide are the rise in the ageing population and the increase in sports-related injuries.

 

By Product, the 'Tissue Patch/Mash' segment held the highest share in 2020

Based on the Product, the soft tissue repair market is segmented into Tissue Patch/Mash and Laparoscopic instrument injectors. Tissue Patch/Mesh had the largest market share of 91.9%. The growing usage of synthetic Mesh in various orthopaedic procedures due to its ability to minimize surgery time accounts for a substantial portion of this market. 

 

By Application, the 'Hernia Repair' segment held the most significant share of the market in 2020

The soft tissue repair market can be divided into Hernia Repair, Dural Repair, Vaginal Sling Procedures, Skin Repair, Orthopaedic repair, Dental repair, Breast Reconstruction Repair on the basis of Application. The Hernia repair segment had the largest market with a 26.5% share due to the rising prevalence of hernia cases, sports injuries, and lifestyle conditions such as arthritis, osteoporosis, and obesity (which can lead to orthopaedic difficulties) are all contributing to the rise in the number of soft tissue repair procedures conducted across the world.

 

By End User, the 'Hospital' segment held the largest share of the market in 2020

Based on End Users, the soft tissue repair market is segmented into Hospitals, Clinics and other end users. The Hospitals hold the largest share of 93.9%. This is due to the expanding elderly population and the prevalence of numerous ailments, increasing the operations performed throughout the world.

 

By Region, the "North America" accounted for the maximum share of the market in 2020

The soft tissue repair market is clustered in North America, Europe, Asia Pacific and the Rest of the world. North America is on top of the market with a share of 43.5% and is the fastest-growing market for soft tissue repair. The existence of an advanced healthcare system in the Region, as well as a high and rising number of surgical operations, increased adoption of innovative goods, and the presence of numerous prominent market players in the US, are all factors that contribute to the Region's substantial share of the market.

 

SOME OF THE NOTABLE PLAYERS ARE PREVAILING IN THE MARKET.

Some of the leading players in the Live-cell imaging Market include Smith & Nephew Plc., Arthrex, Inc., Stryker Corporation, Johnson & Johnson, Medtronic Plc., LifeNet Health, Inc., Becton, Dickinson and Company, Integra LifeSciences Corporation, CryoLife, Inc., Organogenesis Inc., Zimmer Biomet, Baxter International, Inc., ACell Inc., Tissue Regenix Group Plc, Aroa Biosurgery Ltd., and Orthofix Medical Inc.

 

Recent Developments: -

  • In October 2020, The O-GENESIS Graft Delivery System & AlloQuent Structural Allograft Q-Pack, ready-to-use cervical and lumbar spacers for allograft surgeries, were launched successfully by Orthofix Medical Inc. in the United States.
  • In February 2020, Peri-Strips Dry with Veritas Collagen Matrix with Secure Grip received FDA 510(k) approval from Baxter. The Product is a reinforcing agent that is implemented to prevent bleeding during bariatric and other important surgical operations.
  • In February 2020, The AmnioExcel Plus Placental Allograft Membrane was launched by Integra LifeSciences Holdings Corp. for usage in soft-tissue repair surgeries.

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