According to a new market report published by Transparency Market
Research “U.S., Europe and Japan Orthopedic Soft Tissue Surgical
Procedures Market - Industry Analysis, Size, Share, Growth, Trends
and Forecast 2014 - 2020” the U.S., Europe and Japan orthopedic
soft tissue surgical procedures market was valued at USD 7.3 billion
in 2013 and is estimated to reach a market worth of USD 10.2 billion
in 2020 growing at a CAGR of 4.9% from 2014 to 2020.
Browse the full U.S., Europe and Japan Orthopedic Soft Tissue
Surgical Procedures Market report at
http://www.transparencymarketresearch.com/soft-tissue-repair-sports-medicine.html
The report on U.S., Europe and Japan orthopedic soft tissue surgical
procedures market studies market size of rotator cuff repair, vaginal
prolapse, lateral epicondylitis, achilles tendinosis repair, gluteal
tendon repair and anterior cruciate ligament reconstruction (ACL).
Rising number of sport related injuries coupled with growth of active
aging population in the developed regions would boost the demand of
orthopedic soft tissue surgeries. According to the American Academy
of Orthopaedic Surgeons (AAOS) and the American Orthopaedic Society
for Sports Medicine, over 150,000 anterior cruciate ligament (ACL)
injuries occur each year in the U.S. alone. Additionally,
introduction of high cost and innovative surgical repair products and
increasing incidence of obesity have raised the demand of orthopedic
surgeries thereby propelling market growth. For example, Biomet, Inc.
launched JuggerKnotless Soft Anchor device in July 2014 which
featured company’s all-suture anchor technology. This device
enables the repair of rotator cuff damage with better restoration and
high efficacy. Growing acceptance of minimally invasive soft tissue
surgical techniques (arthroscopy procedures) has enabled the
completion of soft tissue surgeries in shorter time with lesser
complication rates. This factor is also increasing the uptake of soft
tissue surgeries. However, asymptomatic nature of soft tissue
surgeries and high threat from conservative therapy are anticipated
to restrain the market growth.
In terms of various surgical procedures ACL reconstruction accounted
for the largest share of the market in 2013. ACL reconstruction is
also likely to retain its dominant position in the future as it is
the most common knee injury that requires surgical intervention.
Rising participation in sports such as football, basketball and
others along with increasing number of patients opting for
reconstructive surgeries due to introduction of minimally invasive
surgeries would fuel the growth of this segment. Similarly, launch of
bio-absorbable which nullifies the risk related to implant removal
would also aid in increasing the market size for ACL reconstruction.
The market of gluteal tendon repair accounted for the smallest share
in 2013 owing to large pool of patients being treated by
non-operative methods such as pain killers and steroid injection for
this condition.
Browse the full Press Release Report:
soft-tissue-repair-sports-medicine-market
Geographically, the U.S. orthopedic soft tissue surgical procedures
market captured major market revenue in 2013 and is expected to
dominate the market during the forecast period from 2014 to 2020.
Rising population base, increasing urge to stay healthy among
geriatric population and improving healthcare coverage would
contribute towards the growth of orthopedic soft tissue surgical
procedures in this region. The orthopedic soft tissue surgical
procedures market in Europe is anticipated to grow at a CAGR of 4.7%
due to increasing number of sports related injuries. According to
“Injuries in the European Union” published by EuroSafe, sports
related injuries accounted for around 14% of the total injuries in
the European Union. Similarly, a survey conducted by the
professionals in Europe in 2010 concluded that the annual prevalence
of people consulting for shoulder pain was 2.4% in the U.K.; most of
these were attributed to rotator cuff injuries. Thus, increasing
incidences of soft tissue injuries would propel the market growth in
this region.
The orthopedic soft tissue surgical procedures market is fragmented
in nature and is dominated by players, namely Arthrex, Inc., Smith &
Nephew, plc., DePuy Synthes, Inc., Stryker Corporation., CONMED
Corporation, and ArthroCare Corporation. Of all these, Arthrex was
identified as the largest player in this market in 2013 followed by
Smith & Nephew and Depuy Synthes, Inc.
The U.S., Europe and Japan orthopedic soft tissue surgical procedures
market is segmented as follows:
U.S. Orthopedic Soft Tissue Surgical Procedures Market, by
Indications
Rotator Cuff Repair
Vaginal Prolapse
Lateral Epicondylitis
Achilles Tendinosis Repair
Gluteal Tendon Repair
Anterior Cruciate Ligament (ACL) Reconstruction
Europe Orthopedic Soft Tissue Surgical Procedures Market, by
Indications
Rotator Cuff Repair
Vaginal Prolapse
Lateral Epicondylitis
Achilles Tendinosis Repair
Gluteal Tendon Repair
Anterior Cruciate Ligament (ACL) Reconstruction
Japan Orthopedic Soft Tissue Surgical Procedures Market, by
Indications
Rotator Cuff Repair
Vaginal Prolapse
Lateral Epicondylitis
Achilles Tendinosis Repair
Gluteal Tendon Repair
Anterior Cruciate Ligament (ACL) Reconstruction
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