Soft Tissue Repair Market to 2020 – Market Estimate, Industry Size: Grand View Research, Inc.
The soft tissue repair market is expected to witness lucrative growth over the forecast period owing to the globally increasing geriatric population and increasing participation in soft tissue injury inducing sports. The increasing rate of obesity, rising awareness of soft tissue repair surgery and growing healthcare expenditure are the main drivers of this market. The growing demand for minimally invasive surgical procedures for orthopedic surgery is also expected to fuel growth of soft tissue repair market.
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Product classification of this market includes fixation products, tissue patch/mesh and laparoscopic instruments. Tissue fixation products are expected to witness lucrative growth in the coming six years due to its ability to preserve tissue from decaying & providing mechanical strength to soft tissues. By application, soft tissue repair market is classified into skin repair, hernia repair, dural repair, vaginal sling repair, dental, orthopedic and breast reconstruction repair. The skin repair market is expected to witness significant growth owing to the healing ability of the skin providing aids in generating new tissue automatically. It is also expected that the segment for dental and orthopedic soft tissue reconstruction will witness a growth in demand owing to the greater prevalence of orthopedic soft tissue injuries.
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North America accounted for the largest market share of revenue in 2013 and is expected to continue to dominate the market throughout the forecast period owing to an increase in soft tissue related injuries which lead to rise in demand for tissue regeneration treatments. Asia Pacific region is anticipated to show significant growth through to 2020 owing to an expanding population base and the presence of high unmet medical needs, increasing medical tourism and rising awareness about soft tissue repair. Arthrex, Inc., LifeCell Corporation, C.R. Bard, Inc., Organogenesis, Smith and Nephew plc, Stryker Corporation, Integra LifeScience Corporation, Covidien plc, Wright Medical Technology and Johnson & Johnson are some of the major market players of the soft tissue repair market. Soft tissue cell repair market is highly competitive and consolidated.
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