Global Orthopedic Soft Tissue Repair Market By Type (Rotator Cuff Repair, Epicondylitis, Achilles Tendinosis Repair, Pelvic Organ Prolapsed, and Others), By Application (Knee, Shoulder, Hip, Small Joints), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032

Report Overview

The Global orthopedic soft tissue repair Market size is expected to be worth around USD 12.27 Billion by 2032 from USD 6.98 Billion in 2023, growing at a CAGR of 5.80% during the forecast period from 2023 to 2032.

This Primary market size is expected to grow due to an increasing number of soft tissue injuries from a growing aging population, sports, and physical activity injuries, obesity, and other trauma accidents. Orthopedic soft tissue repair therapies are predicted to be in high Product demand due to advancements in new technologies, healthcare awareness, expanding R&D, surging per capita spending, and a lack of alternatives. Industry growth is also expected to be supported by the introduction and use of innovative technologies like biomeshing, bioprinting, and biofabrication. CoNextions TR, a new technology from CoNextions Medical, allows for stronger repair strengths, faster surgical procedures, and quicker patient recovery than current suture-approach repair methods.

Global Orthopedic Soft Tissue Repair Market Scope:

Application Analysis

In terms of ‘Application’, the primary market opportunities for orthopedic soft tissue repair market growth were led by the ‘Cruciate Ligaments’ segment, which accounted for the largest share of revenue at 38.6% in 2021.
An increase in ACL injuries from sports activities is responsible for the largest share of industry growth. This type of injury is common in baseball and soccer. According to the American Journal of Sports Medicine, the ACL injury rate is 68.6/100,000. A spike in the number of athletes in sports activities has led to an increase in injuries. This Market segmentation is divided into the basis of product, application that have prompted a Product demand customization for orthopedic soft tissue products. In 2018, almost 399,431 US reconstruction procedures were completed. This number is expected to increase to 787,463 by 2020, according to estimates.

This segment is predicted to experience the fastest annual growth rate over the forecast period. About 40% to 50% all knee ligament injuries are caused by ACL injuries. These surgeries are likely to be popularized due to the increasing incidence of knee injury and the introduction of innovative, technological advancement products that are both cost-effective and user-friendly. Patients may also choose to have a minimally-invasive surgery or invasive ACL injury repair.

Injury Locator Analysis

With respect to ‘Injury Locator’, the highest market share of 38.4% was accounted for by the ‘Knee’ application segment. This annual growth rate can be attributed to the increased acceptance and application of orthopedic soft tissue repair surgeries, and the growing adoption of treatment options in both developed and emerging nations. Soft tissue knee injuries are one of the most common musculoskeletal conditions. There are an increasing number of knee injuries due to wear & tear, trauma, injury, and age, among other major factors. This market positioning is expected to continue to grow due to the increasing acceptance and affordability of treatment options. The Global industry trends Burden of Diseases 2017 Study found that 16% of all years of disability were caused by musculoskeletal injuries. It is therefore the leading contributor to the global disability Index.

The fastest segment growth for orthopedic soft tissue repairs is slated to be indexed by the ‘Hip’ area, over the forecast period. The rapid growth impact of this segment can be mainly attributed to the increasing incidence of hip dysfunction due to soft tissue injuries. Joint dysfunction can be caused by soft tissue injuries to the hip joint. Hip pathology has been a major player’s focus area in recent years. These include impingement of the hip and hip labrum tears. With an increasing number of hip labral tears, chondral damage, and ligamentum teres lesion deep soft tissue in the hips that cannot be treated or corrected with physiotherapy, major market players are now focusing more on this segment and developing new therapies and devices to offer effective treatment solutions.

Key Market Segment:

Application

• Rotator Cuff Repair
• Achilles Tendinosis Repair
• Epicondylitis
• Gluteal Tendon Repair
• Pelvic Organ Prolapse
• Hip Arthroscopy
• Cruciate Ligaments Repair
• Biceps Tenodesis
• Others

Injury Location

• Knee
• Hip
• Shoulder
• Small Joints

Market Dynamics

Market drivers that are expected to have a major impact on the future market value are the increase in injuries related to sports and rapid individual growth trends in the future market value of athletes. Sports are the most common cause of soft tissue injury worldwide. ACL injuries are common in athletes, which can limit their mobility. Safe Kids Worldwide conducted a survey of emergency room visits to find out how many young athletes visit the emergency room for sports-related injuries every year. Due to increasing health awareness, there are more opportunities for individuals to choose sports as a hobby or career. They are more likely to sustain injuries as a result. According to Standard Children’s Health, about 3.5 million injuries are sustained by children and teens in the United States, where there are 30 million kids and teenagers who participate in sports.

Geriatric populations have indexed an increase due to greater life expectancy. This is slated to continue in the future trends. Aging can cause significant changes in the skeletal, neuromuscular, and vascular systems. This may lead to arthritis and weakened ligaments as well as ACL tears. Geriatric populations have grown as a result of an increase in the demand for orthopedic soft-tissue repair surgery on a global-scale. At the moment, the geriatric populace is rapidly growing. The Population Reference Bureau estimates that the American population of 65 years and older will double to 95 million people by 2060. In July 2019, this number was 52 million. The projected increase in the 65-year-old and over population is between 16% and 23%. This element is driving the demand for orthopedic soft tissue repair services.

A significant factor behind this market potential is the increasing awareness surrounding orthopedic soft tissue treatments. A variety of neuromuscular training programs for athletes are available. These programs can significantly reduce the chance of ACL tears or other injuries. In addition, awareness of osteoporosis, the most common condition in the elderly, is on the rise. According to the International Osteoporosis Foundation, there is expected to be 6.26 million hip fractures worldwide by 2050, up from 1.66 million in 1990. The increasing prevalence of this can result in a greater economic burden for different countries, which could in turn lead to regional market growth.

To gain an edge in this market report gives major players employ key strategies such as increasing investments towards R&D, collaborations between industry players, geographic expansion initiatives, and advanced product differentiation. Zimmer Biomet purchased A&E Medical, which is a manufacturer of sternal closing devices, in December 2020. This acquisition was expected to strengthen the former’s sternal closure and rigid fixation advanced products portfolio and will enable it to cater to the unmet medical needs of clinicians and patients.

Regional Analysis

North America dominated the regional orthopedic soft tissue market growth. It accounted for 44.6% of total revenues in 2021. This comprehensive analysis was due to an increase in knee arthroscopies. According to the Osteoarthritis Research Society International, 700,000 knee arthroscopies in the U.S. each year involved the meniscus. A key factor in this region’s major growth factors is increasing healthcare expenditures and investments in healthcare infrastructure. This can make costly orthopedic soft-tissue repair surgeries more affordable. KFF’s NHE data shows that the U.S. increased its national health expenditures from US$3,178,000 million to US$3,795,000 million in 2015.

Due to the increasing prevalence of musculoskeletal diseases and surging disposable incomes, the Asia Pacific is expected to index the most rapid growth rate in the market dynamics for orthopedic tissue repair. There are significant growth opportunities in this region due to the greater penetration of medical devices by local manufacturers. Other key drivers of this market segment include ongoing research in this field, especially in Japan and India, as well as booming geriatric populations that are at a higher risk of developing musculoskeletal conditions. Japan is, for example, a country with a high geriatric population.

Key Regions and Countries Covered іn This Rероrt:

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share Analysis

Due to the presence of a large number of key companies, this market status is fragmented. This has led to increased competition in the orthopedic soft tissue repair market. In order to boost their product portfolio and expand their presence in new areas, major companies are entering multiple partnerships and M&As. To capture more of a market’s largest share, companies are focusing their efforts on product demand customization differentiation and bundling strategies. Smith & Nephew bought the Extremity Orthopedics division of Integra LifeSciences Holdings Corporation, for US$240 million in January 2021. This acquisition was expected to increase the success rate of extremities, shoulder replacement, foot, and ankle segments.

Key Market Players

Top key players in the orthopedic soft tissues repair market status include:

• Arthrex Inc.
• Stryker
• DePuy Synthes Inc.
• Zimmer Biomet
• Wright Medical Group N.V.
• Integra LifeSciences Holding Corporation
• CONMED Corporation
• Smith & Nephew
• RTI Surgical
• Smith & Nephew PLC
• Organogenesis Inc.
• Baxter International, Inc.
• Lifenet Health Inc.
• American Medical Systems Inc.
• Other Key Players