The
orthopedic soft tissue repair market is one of the prime components
of the healthcare industry, and deals with injuries concerning the
various types of connecting tissues in the body such as tendons,
ligaments, and cartilage. It is responsible for the diagnosis, cure,
as well as prevention – whenever possible – of soft tissue
damage. These tissues are essential for a healthy function of the
body’s structural and strength-imparting components such as bones
and muscles. Virtually any natural action is a result of a
collaborative effort between various bones and muscles, and a
disorder or injury to the connecting link between bones and muscles
leads to a reduction of the effective strength of the individual,
regardless of the health of the bones or muscles themselves.
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This
explains the link between the growing geriatric population all over
the world and the orthopedic soft tissue repair market. With age,
bones as well as connecting tissues weaken as a natural effect of the
lifelong wear and tear. It also stiffens joints, the cumulative
effect of which is an increased stress placed on the body’s
structural components and more risk of damage. As a result, the
increasing geriatric population worldwide is a major driver for the
orthopedic soft tissue repair market. Sports injuries are the other
major factor propelling the growth of the market. According to the
Center for Disease Control and Prevention (CDC), around 2 million
sports injuries occur in the U.S. every year, leading to about 30,000
hospitalizations.
ACL
Reconstruction: Most Common Type of Soft Tissue Repair Procedure
The
orthopedic soft tissue repair market is divided into categories
according to type of surgery into the following segments:
Achilles
tendinosis repair
Rotator
cuff repair
Vaginal
prolapse
Lateral
epicondylitis
Gluteal
tendon repair
Anterior
cruciate ligament (ACL) reconstruction
Of
these, the segment of ACL reconstruction holds the major share in the
orthopedic soft tissue repair market. According to 2013 numbers,
about 30% of soft tissue repair procedures were ACL reconstructions.
The high cost of ACL treatment also contributes to the high share of
the procedure, revenue-wise. The anterior cruciate ligament connects
the femur, or thigh bone, to the tibia, or shin bone; it is situated
almost exactly behind the knee cap. ACL injuries are common in
sports, particularly ones that include a combination of heavy legwork
and contact between players, such as soccer or rugby.
Rotator
cuff surgeries are expected to become increasingly common, with the
market for the procedure expected to rise at a moderate CAGR from
2014 to 2020. The rotator cuff is responsible for supporting the
shoulder joint.
The
U.S. to Maintain Top Position among Geographical Segments
Geographically,
the orthopedic soft tissue repair market is divided into three
categories, viz. the U.S., Europe, and Japan. Of these, the U.S.
holds a dominant share in the market. The increasing standards and
penetration of healthcare in the region, leading to a high geriatric
population, and popularity of numerous sports, are considered to be
the main causes behind the U.S.’s dominance. Increasing obesity in
the U.S. is also considered to be a significant contributor to the
U.S. orthopedic soft tissue repair market; obesity puts excessive
load on joints and connecting tissues that aren’t strengthened
sufficiently to deal with it. This, naturally, weakens the joints
over time, leading to an increased risk of damage.
Preference
for Minimally Invasive Surgeries to Drive Orthopedic Soft Tissue
Repair Market
With
growing innovation, more sophisticated and less intensive ways of
performing soft tissue repair procedures are being formulated more
frequently than ever. This fits in well with the general trend among
patients of favoring minimally invasive surgeries. Research and
development into these channels is an excellent opportunity emerging
in the orthopedic soft tissue repair market.
The
lack of such procedures at present means that many patients are
opting for conservative treatment for soft tissue damage instead of
surgeries. This is a major restraint to the market.
Major
Players in the Orthopedic Soft Tissue Repair Market
The
soft tissue repair market around the world is dominated by companies
such as Arthrex, Inc., ArthroCare Corporation, Stryker Corporation,
etc.
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