Soft Tissue Repair Market To Generate $25.64 Billion by 2025, Expeditious Annual Growth Predicted
The soft tissue repair market refers to the medical devices and treatments used to repair or replace damaged or injured soft tissues in the body, such as tendons, ligaments, muscles, and cartilage. This can include both surgical and non-surgical interventions, such as physical therapy and regenerative medicine.
Soft tissue repair market was valued at $16,554 million in 2017, and is projected to reach $25,635 million by 2025, growing at a CAGR of 5.6% from 2018 to 2025. The fixation devices segment accounted for one-fifth share of the global market revenue in 2017.
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The soft tissue repair market can be segmented based on the type of injury, product type, end-user, and region.
By injury type, the market can be segmented into:
- Tendons
- Ligaments
- Muscles
- Cartilage
- Others
By product type, the market can be segmented into:
- Fixation devices
- Tissue grafts
- Laparoscopic instruments
- Adhesion prevention products
- Others
By end-user, the market can be segmented into:
- Hospitals
- Ambulatory surgery centers
- Clinics
- Others
By region, the market can be segmented into:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Each of these segments has its own unique characteristics and trends, which can impact the overall growth of the soft tissue repair market. For example, the growing demand for minimally invasive procedures has led to an increase in the adoption of laparoscopic instruments and adhesion prevention products. Additionally, the aging population in North America and Europe has resulted in a higher incidence of soft tissue injuries, driving demand for tissue grafts and fixation devices.
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Some of the key players involved in the Market are:
Allergan Plc. (LifeCell Corporation), Athersys, Inc, CryoLife, Inc., Integra Lifesciences Corporation, Medtronic Plc., Organogenesis Inc., Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew plc., Becton, Dickinson and Company (C.R. Bard)
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