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@
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.
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
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