The global Soft Tissue Repair Market size is expected to
reach USD 10.73 billion by 2025, expanding at a CAGR of 7.3%, 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 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.
Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/soft-tissue-repair-market
http://www.grandviewresearch.com/industry-analysis/soft-tissue-repair-market
Further Key Findings From the Report 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
About Us:
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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment