Demand for Orthopedic Soft Tissue Repair and Impact of COVID-19……..



Orthopedic soft tissue repair market size is expected to be over USD 9.39 billion by 2024, based on a new report by Grand View Research, Inc. Rising demand for minimally invasive procedures has provided greater growth prospects for the market. Minimally invasive knee replacement surgery involves lesser disturbance of muscles and tendons, making the reconstruction procedure more natural.
Biopharmaceutical innovators are at the forefront of the human response to the coronavirus pandemic. A significant number of major biotech firms are in the midst of a race to investigate the Sars-Cov-2 genome and prepare a viable vaccine for the same. As compared to the speed of response to SARS/MERs etc, the biotech entities are investigating SARs-Cov-2 at an unprecedented rate and a considerable amount of funds are being put into the R&D. With multiple candidates in trial, the public and private sectors are anticipated to work in unison for the foreseeable period, until a vaccine is developed for Covid-19. The report will account for Covid19 as a key market contributor.
Increasing awareness amongst the population that skeletally immature patients can also tear their connective tissue and ligaments has boosted the growth of the industry. Furthermore, rising awareness regarding the development, commercialization, and promotion of advanced platelet-rich plasma devices would fuel the market in the long run. Hence, this factor plays a pivotal role for boosting the market in the near future.
Technological advancements and innovations continue to be seen in the orthopedic connective tissue repair space. Novel advances, such as innovative surgical techniques, are also visible in the field of Anterior Cruciate Ligament (ACL) reconstruction to make these procedures more effective. Such innovations, developments, and advancements would lead to further growth of the market in the near future. Furthermore, increasing road accidents also are estimated to accentuate the demand for the market to a large extent.
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Further Key Findings from the Study Suggest:
·         Cruciate ligaments repair dominated the overall procedure segment in 2015 with revenue generation of over USD 1.9 billion owing to higher prevalence ACL injuries among athletes, as they are more prone to such type of injuries during sport-related activities. Furthermore, ACL is also a frequently occurring knee injury and the standard treatment for this disorder is surgical reconstruction.
·         Knee segment held the largest industry share in 2015, because it is a frequently affected target injury location among the athletes as well as the geriatric population base. Bones as well as connective tissues, such as tendons, ligaments, and cartilages naturally weaken with growing in age. This poses greater risk for occurrence of target injuries, mainly in knees of the elderly population.
·         Posterior soft tissue repair is one of the common procedures in total hip arthroplasty. Soft tissue injuries surrounding the hip joints result in dysfunction of the joint. As a result of this, hip segment is estimated to attain a lucrative CAGR of over 7.5% over the forecast period.
·         North America contributed toward the largest industry share of around USD 2.0 billion in 2015. The primary factors favoring this growth include investments for developed healthcare infrastructure. This has led to advancements in soft tissue repair surgeries, such as minimally invasive procedures. Moreover, majority of the key players are headquartered in the U.S., which provides a wide market for orthopedic soft tissue repair.
·         Asia Pacific is anticipated to witness highest CAGR over the forecast period owing to greater penetration of medical devices in countries like Japan and increasing geriatric population in India.
·         The key players serving orthopedic soft tissue repair market include Stryker, Zimmer Biomet, Smith & Nephew Plc, Arthrex, Inc., CONMED, and DePuy Synthes, Inc.
·         Strategic collaborations, mergers & acquisitions, widening the distribution network, and technological advancements are some of the key strategies the companies are concentrating on in order to enhance the market demand for orthopedic soft tissue repair.
Increase in sport-related activities and resulting injuries are anticipated to boost the market
Orthopedic soft tissue repair market was valued at over USD 5.0 billion in 2015 and is anticipated to show lucrative growth over the forecast period. Target injuries result from a number of causes. The primary cause is sport injuries, which is estimated to contribute to a great extent toward the growth.
Sport related injuries are the most common reasons leading to muscle damage. Athletes tend to get their anterior cruciate ligament (ACL) affected during sports or any sort of physical activities. As a result, increasing prevalence of sport related injuries is expected to drive the market growth. Athletes participating in soccer or baseball games are likely to get affected with such type of injury. Again, meniscal tear is also a connective tissue injury, which is commonly caused among the youth.
Geriatric population also plays a significant role pertaining to the growth of the market. Aging process results into significant changes in the skeletal and neuromuscular systems, leading to arthritis, weak ligament, and ACL tear. More than 50% of geriatric population is affected with symptomatic and asymptomatic tears. With increasing aging population, wear and tear of muscles grows owing to weakening of muscles. As a result of this, geriatric population base is projected to contribute towards the growth of the market.
Increase in obese population is also considered as an important factor accentuating the growth of this market. Obesity in aging population has been reported to directly increase the risk of degenerative bone disorders, such as osteoarthritis and osteoporosis, further resulting in fracture and target injury owing to the extra pressure exerted on the joints. Hence, increasing number of people suffering from osteoporosis is expected to generate demand for the market. 
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Cruciate ligaments repair contributed towards the largest revenue by procedure in 2015
Among the procedure segment, cruciate ligaments repair accounted for the largest revenue of around USD 1.9 billion in 2015 owing to its greater applicability in connective tissue knee injury. ACL reconstruction is a type of surgery that involves reconstruction of the ligament in the center of one’s knee with a graft. In the U.S., approximately 100,000 to 200,000 ACL injuries are registered each year. Cruciate ligaments repair is also the fastest growing segment, since; it is most commonly treated upon the athletes as they are mostly affected with ACL injuries owing to sport related activities.
Grand View Research has segmented the orthopedic soft tissue repair market on the basis of procedure and injury location:
Orthopedic Soft Tissue Repair Procedure Outlook (Revenue in USD Million, 2013 - 2024)
·         Rotator cuff repair
·         Epicondylitis
·         Achilles tendinosis repair
·         Pelvic organ prolapsed
·         Gluteal tendon repair
·         Cruciate ligaments repair
·         Hip arthroscopy
·         Biceps tenodesis
·         Others
Orthopedic Soft Tissue Repair Injury Location Outlook (Revenue in USD Million, 2013 - 2024)
·         Knee
·         Shoulder
·         Hip
·         Small joints
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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