Soft Tissue Repair Market Analysis
The soft tissue repair market is currently valued at USD 13,464.47, and it is expected to reach USD 17,921.93 during the forecast period. During the time frame of the study, the studied market is expected to register a CAGR of 4.93 percent.
The COVID-19 pandemic had a significant effect on the market initially due to the reduction in the number of soft tissue repair procedures due to lockdown restrictions. For instance, according to an article published by PubMed Central in March 2021, a study was conducted in Poland that showed that the pandemic had substantially impacted the number of dental procedures performed, including dental repair procedures, in the initial phase of the pandemic. However, as the pandemic progressed, the soft tissue repair procedures started to take place normally, which increased the market's growth. For instance, according to an article published by PubMed Central in November 2022, changes were implemented during the pandemic period regarding orthopedic surgeries that proved beneficial after the pandemic subsided and could be potential long-term solutions for optimizing medical orthopedic management. As a result, the pandemic initially had a negative impact on the market under consideration.However, now that the pandemic is over, the market is expected to grow well during the study's forecast period.
The market is expected to grow because of things like the rise in sports-related injuries, the rise in trauma cases, and the rise in the number of older people.
The growing incidence of sports-related injuries is one of the major factors driving market growth, as it is expected to increase the adoption of soft tissue repair procedures. For instance, according to an article published by SpringerLink in September 2022, a study was conducted in Canada in 2022 that showed a high rate of injuries among collision sport participants in Canadian high schools. The study also showed that the rates of injuries ranged from 12.7 injuries per 100 participants every year in rugby to 33.1 injuries per 100 participants every year in ice hockey. The prevalence rate for injuries to the head was 33.3%; for injuries to the wrist or hand, it was 16.0%; for injuries to the shoulder, it was 12.8%; and for injuries to the knee, it was 12.0%.
Furthermore, according to the data published by the National Council on Mental Health in August 2022, it is estimated that 70% of the adult population in the United States has experienced some type of traumatic event at least once in their lives, which is equivalent to 223.4 million people. Because of this, the high number of injuries in the United States is likely to lead to more soft tissue repair procedures.
Moreover, the rising developments by major market players are also expected to enhance the market's growth. For instance, in August 2021, Orthopaedic Implant Company launched its FDA-cleared DRPX wrist fracture plate, which is designed with type II anodized titanium and a low-profile plate and screw design to minimize soft tissue impingement.
Hence, the aforementioned factors, such as the growing incidence of sports-related injuries, the rising trauma cases, and the rising developments by major market players, are expected to enhance the market's growth. However, the high cost of surgical procedures may hinder the growth of the market.
Soft Tissue Repair Industry Segmentation
As per the scope of the report, soft tissue repair procedure refers to a series of processes in which the soft tissues are repaired by regeneration, and reconstruction by using various medical devices. But a soft tissue injury is characterized by damage to muscles, ligaments, or tendons throughout the body. It often occurs during sports and exercise activities, but sometimes simple daily activities can also cause soft tissue injuries. The Soft Tissue Repair Market is Segmented By Product (Tissue Fixation Devices (Suture Anchors, Sutures, Interference Screws, and Other Devices), Tissue Matrix (Synthetic Mesh and Biologic Mesh), Application (Orthopedics, Dental Repair, Hernia Repair, Breast Reconstruction, Skin Repair, Pelvic and Vaginal Prolapse Repair, and Others), and Geography (North America, Europe, Asia-Pacific, the Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.
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