Tendon Repair Market Growth, Opportunities and Forecast To 2030 | Stryker; Arthrex, Inc.; Medical Device Business Services, Inc.; CONMED Corporation; Integra LifeSciences

 

The global Tendon Repair Market size is expected to reach USD 4.0 billion by 2030 and is expected to expand at a CAGR of 7.5% during the forecast period, according to a new report by Grand View Research, Inc. Due to the aging population, increasing demand for minimally invasive procedures, and an increasing number of tendon-related injuries in sports and other events. Tendon injuries are prevalent during sports and physical training.

Soft tissue injuries such as sprains, strains, tendinitis, and contusions are common. These wounds can take a long time to heal, even with good treatment. Furthermore, the market is expected to develop due to the wear and tear of soft tissues in the geriatric population, which is caused by the weakening of connective tissues. Furthermore, as the number of accidents, particularly traffic accidents, rises, the demand for soft tissue procedures, such as tendon restoration, is likely to rise. In addition, one of the most prevalent shoulder ailments is rotator cuff tear. Over the forecast period, it is highly dynamic.

Based on the product, the segment is divided into implants, suture anchor devices, grafts, scaffolds, screws, tendons repair matrix, and others. Due to the high frequency of rotator cuff injuries during exercise, rotator cuff repair had the largest revenue share of 40.4% in 2021 Such injuries are prevalent among athletes and sports players. According to figures published by Great Basin Orthopedics, around 200,000 people in the United States undergo rotator cuff surgery each year. This indicates the market's potential for growth. Furthermore, during the forecast period, the scaffolds category is expected to rise at a lucrative CAGR. Over the forecast period, the market for scaffolds is significantly increased due to increasing technical breakthroughs and product improvements.

Based on the application, the segment is divided into rotator cuff repair, archilles tendinosis repair, cruciate ligament repairs, biceps tenodesis, and others. Due to the increased use of suture anchor devices in repair procedures, the suture anchor devices category accounted for the highest revenue share of 38.7% in 2021. Furthermore, product improvements that enhance the accuracy of these devices move the industry forward. Furthermore, the biceps tenodesis category is expected to increase at the highest rate, with a CAGR of 12.3 % during the projection period. Increased incidence and frequency of injuries, as well as the production or development of novel, innovative, and technologically advanced devices that are both patient-friendly and cost-effective, are expected to boost product adoption and thus market expansion.

In 2021, North America had most of the market. Increased healthcare spending, improved healthcare infrastructure, and an increase in tendon injuries are expected to drive market expansion in the area. Due to the rising frequency of disorders needing tendon repair surgery in different nations across the area, Asia Pacific is expected to be the fastest-growing market during the forecast period, with a CAGR of 8.9 % in 2021.

The COVID-19 pandemic has had a negative influence on the entire tendon restoration business, with surgical activity being reduced to avoid nosocomial contamination. Many hospitals have placed limits on all non-essential medical procedures as a result of the COVID-19 outbreak. The CDC and the American College of Surgeons (ACS) suggested postponing or canceling non-emergency surgical procedures in March 2020. While this measure was important for social safety, it had a great impact on millions of people around the world.

Furthermore, due to the pandemic scenario in different parts of the world, orthopedic and tendon repair surgeries have been delayed. The COVID-19 pandemic, for example, caused a two-month delay in rotator cuff replacement treatments, according to a report published in JSES International.

Related Press Release@ Tendon Repair Market Report

List of Key Players of the Tendon Repair Market

• Stryker
• Arthrex, Inc.
• Medical Device Business Services, Inc.
• CONMED Corporation
• Integra LifeSciences
• Smith+Nephew
• TendoMed
• BioPro, Inc
• Aevumed
• Alafair Biosciences
• Amniotics AB
• Amniox Medical, Inc
• MIMEDX

 

Tendon Repair Market Report Highlights 

• The market size is anticipated to be valued at USD 4.0 billion by 2030, owing to the rising geriatric population, increasing demand for minimally invasive procedures, and the growing number of tendon-related injuries in sports and other events
• The rotator cuff repair segment dominated the market in 2021 with a revenue share of 38.7% owing to the rising geriatric population, increasing demand for minimally invasive procedures, and the growing number of tendon-related injuries in sports and other events
• Suture anchor devices segment accounted revenue share of 40.4% in 2021, owing to the high incidence of rotator cuff injuries during various physical activities
• In 2021, North America accounted for the majority share. Asia Pacific is anticipated to grow lucratively in the coming years, at a CAGR of 8.9% during the forecast period owing to the growth in the infrastructure

Tendon Repair Market Report Scope 

Report Attribute	Details
Market size value in 2022	USD 2.2 billion
Revenue forecast in 2030	USD 4.0 billion
Growth Rate	CAGR of 7.5% from 2022 to 2030
Base year for estimation	2021
Historical data	2016 - 2020
Forecast period	2022 - 2030

 

Related Reports@

Tendonitis Treatment Market

Artificial Tendons and Ligaments Market

Tendon Repair Market Segmentation

Grand View Research, Inc. has segmented the global tendon repair market report based on product type, application, and region.

Product Type Outlook (Revenue, USD Million, 2016 - 2030)

• Implants
• Suture anchor devices
• Grafts
• Scaffolds
• Screws
• Tendons repair matrix
• Others

Application Type Outlook (Revenue, USD Million, 2016 - 2030)

• Rotator cuff repair
• Archilles tendinosis repair
• Cruciate ligament repairs
• Biceps tenodesis
• Others.

Regional Outlook (Revenue, USD Million, 2016 - 2030)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Italy
• France
• Spain
• Russia
• Asia-Pacific
• Australia
• China
• Japan
• South Korea
• India
• Latin America
• Mexico
• Brazil
• Argentina
• Middle East Africa
• South Africa
• Saudi Arabia
• UAE

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.

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