The dominance of North America in the global soft tissue market is attributed to increased awareness about the potential benefits of soft tissue repair and presence of a well-established healthcare infrastructure in the region.
A new report published by Allied Market Research, titled, Soft tissue repair Market by Type (Tissue Mesh, Laparoscopic Instrument, and Fixation Device), and by Application (Breast Reconstruction, Dental Repair, Dural Repair, Head & Neck Product, Hernia Repair, Orthopedic Repair, Pelvic & Vaginal Prolapse Repair, and Skin Repair): Global Opportunity Analysis and Industry Forecast, 2017-2025 offers a detailed analysis of CXO perspective, top impacting factors, drivers, restraints & opportunities, and market size & estimations for global and country-level soft tissue repair market. According to the report, the global market was valued at $16.55 billion in 2017, and is expected to reach $25.63 billion by 2025, growing at a CAGR of 5.6% from 2017 to 2025.
Upsurge in obese population and significant rise in sport-related injuries are the key factors driving the industry. However, high cost of these procedures and lack of reimbursement provisions would hinder the market growth. Furthermore, new product launches in emerging economies is expected to create opportunities to the market players in the near future.
Laparoscopic instrument market to generate $11.1 billion by 2025
The laparoscopic instrument segment contributed the highest market share of nearly 43% in 2017. Maintaining its dominance throughout the forecast period, this segment is projected to accrue nearly $11.1 billion by 2025. The tissue mesh segment is expected to become the fastest growing segment, registering a CAGR of 5.8% during the forecast period. The report discusses the various types of soft tissue repair methods used in the industry, which include laparoscopic instrument, tissue mesh, and fixation device.
Hernia repair will be the prime application
The report classifies the application segment into breast reconstruction, dural repair, dental repair, hernia repair, head & neck product, pelvic & vaginal prolapse repair, orthopedic repair, and skin repair. The Hernia repair segment contributed about one-fourth of the total market share in 2017, followed by the orthopedic repair segment. The segment is expected to maintain its dominance from 2017 to 2025. However, the dental repair segment will grow at the fastest CAGR of 6.4% during the forecast period.
The study offers country-level analysis of various geographical regions, which include North America, Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA). North America contributed to half of the total market revenue in 2017. It is projected to lead the market throughout the forecast period owing to increased awareness about the benefits of soft tissue repair and presence of a well-developed infrastructure for healthcare facilities in the region. However, Asia-Pacific would be the fastest growing region during the forecast period and will double in revenue by 2025.
Top players operating in the industry:
The top market players analyzed in the research include Allergan Plc. (LifeCell Corporation), CryoLife, Inc., Athersys, Inc., Medtronic Plc., Integra Lifesciences Corporation, Stryker Corporation, Organogenesis Inc., Smith & Nephew plc., Zimmer Biomet Holdings, Inc., and Becton, Dickinson and Company (C.R. Bard). They have adopted various strategies including new product launches, collaboration, partnerships, joint ventures, mergers & acquisition, and others to consolidate their position in the market.
Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact: Shriram Dighe 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: 1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1⟨855⟩550-5975 email@example.com