The global Orthopedic Soft Tissue Repair Market accrued earnings worth approximately 5.7 (USD Billion) in 2020 and is predicted to gain revenue of about 11.2 (USD Billion) by 2028, is set to record a CAGR of nearly 6.4% over the period from 2021 to 2028.
The global Orthopedic Soft Tissue Repair Market accrued earnings worth approximately 5.7 (USD Billion) in 2020 and is predicted to gain revenue of about 11.2 (USD Billion) by 2028, is set to record a CAGR of nearly 6.4% over the period from 2021 to 2028. The report offers assessment and analysis of the Orthopedic Soft Tissue Repair Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).
With massive surge in geriatric population prone to soft tissue damages, the orthopedic soft tissue repair methods are gaining huge acceptance in healthcare sector. In addition to this, increase in obesity rate as well as a prominent rise in sports injuries & trauma collisions will open new vistas of expansion for orthopedic soft tissue repair activities. Breakthroughs in novel soft tissue repair treatment methods and rise in health awareness has translated into massive expansion of orthopedic soft tissue repair market in recent years. Launching of biological meshes, bio-fabrication, and bio-printing will culminate into humungous surge in size of orthopedic soft tissue repair market over years ahead.
Increase in number of physical activities resulting in injuries will proliferate growth of orthopedic soft tissue repair industry in forthcoming years. Growing occurrence of neuromuscular & skeletal systems resulting in arthritis, ACL tears, and weak or damaged ligaments will culminate into humungous growth of orthopedic soft tissue repair industry. Increase in geriatric population susceptible to bone as well as muscular disorders will proliferate business trends.
As per population reference bureau of the U.S., the geriatric population is set to increase from nearly 51 million in 2018 to 91 million by 2050 and this will translate into humungous need of orthopedic soft tissue repairs with need for acute & long-term healthcare solutions for aging populace.
Furthermore, surge in awareness pertaining to orthopedic soft tissue repairs is predicted to offer new growth avenues for orthopedic soft tissue repair market. Apart from this, rise in awareness regarding osteoporosis – a common disorder found in aging populace- will drive market trends. Rise in skeletal & bone disorders has resulted into huge economic burden for myriad countries. This is likely to steer expansion of orthopedic soft tissue repair market in years ahead.
Report Attributes | Report Details |
---|---|
Report Name | Orthopedic Soft Tissue Repair Market Research Report |
Market Size in 2020 | USD 5.7 Billion |
Market Forecast in 2028 | USD 11.2 Billion |
Compound Annual Growth Rate | CAGR of 6.4% |
Number of Pages | 154 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Stryker Corporation, Arthrex, Inc., Zimmer Biomet, DePuy Synthes, Inc., Wright Medical Group N.V., CONMED Corporation, Smith & Nephew, and Integra Lifesciences Holding Corporation. |
Segments Covered | By Application, By Injury Location, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2021 |
Historical Year | 2016 to 2020 |
Forecast Year | 2021 - 2028 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America To Make Notable Contributions Towards Overall Market Size By 2028
Regional market expansion over assessment period can be credited to rise in number of arthroscopies performed in the sub-continent. Increase in healthcare spending will further embellish growth of orthopedic soft tissue repair market in North America. Presence of key players will further contribute towards orthopedic soft tissue repair market revenue in North America.
Key players profiled in study and influencing growth of market include:
The global Orthopedic Soft Tissue Repair Market is segmented as follows:
FrequentlyAsked Questions
According to study, The global Orthopedic Soft Tissue Repair Market accrued earnings worth approximately 5.7 (USD Billion) in 2020 and is predicted to gain revenue of about 11.2 (USD Billion) by 2028, is set to record a CAGR of nearly 6.4% over the period from 2021 to 2028.
The global Orthopedic Soft Tissue Repair Market is led by players like Stryker Corporation, Arthrex, Inc., Zimmer Biomet, DePuy Synthes, Inc., Wright Medical Group N.V., CONMED Corporation, Smith & Nephew, and Integra Lifesciences Holding Corporation.
The global Orthopedic Soft Tissue Repair Market is projected to expand over 2021-2028 The expansion of the orthopaedic soft tissue repair sector will accelerate in the next years due to an increase in the amount of physical activities leading to accidents.
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