The Future of Soft Tissue Repair….. COVID-19 & Its Impact….


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.
With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor.
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.
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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
The global soft tissue repair market size was estimated at USD 5.73 billion in 2016. Growing number of surgeries fueled by ageing population and rising trauma cases are anticipated to propel demand for soft tissue repair devices and in turn provide lucrative growth opportunities for manufacturers.
In addition, the increasing number of products launched and industry consolidation are expected to strengthen the market over the forecast period. For instance, introduction of biological grafts by leading manufacturers is gaining traction. Biological grafts reduce the recovery period and have less complications associated to rejection, which in turn is anticipated to boost demand for these products over the forecast period.
Global soft tissue repair market is segmented into following: fixation products and patch/mesh. Fixation product segment dominated the market in 2016. This segment accounted for nearly 55.0% share by revenue and is expected to be the dominant segment throughout the forecast period. Fixation products segment is further categorized into sutures and suture anchors, these are used for joining of tissues and bones. Tissue patch/mesh segment is further divided into biological and synthetic, depending upon the raw material used for manufacturing the patches/mesh.
Tissue patch/mesh segment is mainly dominated by synthetic products. Low price of synthetic products is expected to be the major factor promoting demand. The demand for synthetic devices is observed to be comparatively lower in developed countries but is significantly high in price conscious low – income and emerging countries. Biological patches/mesh have higher benefits like rapid recovery rate and low rejection owing to which these products have started gaining traction and are anticipated to witness high growth over the forecast period.
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Fixation products comprise of sutures and suture anchors. This segment is expected to comprise of largest share by volume however, owing to low price of these products as compared to tissue patches and mesh, fixation products segment is anticipated to account for smaller share of the market by product type. Sutures segment is expected to be the dominant throughout the forecast period in the overall fixation products.  
Grand View Research has segmented the global soft tissue repair market on the basis of product, application:
Soft Tissue Repair Product Outlook (Revenue, USD Million, 2014 - 2025)
·         Fixation Products
o    Suture
o    Suture Anchors
·         Tissue Patch/Match
o    Biological
o    Synthetic
Soft Tissue Repair Application Outlook (Revenue, USD Million, 2014 - 2025)
·         Orthopedic Surgery
·         Breast Reconstruction
·         Hernia Repair
·         Skin Repair
·         Vaginal Sling Repair
·         Cardiovascular Surgery
·         Dental Reconstruction
·         Others
About Grand View Research
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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



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