Soft Tissue Repair Market to Extent an Assessed Value of US$ 7,391.9 Million By 2024

Soft Tissue Repair Market Accounting for US$ 7,391.9 Million By 2024
Persistence Market Research (PMR) delivers key insights on
the global soft tissue repair market in its latest report titled, “Soft Tissue Repair Market: Global
Industry Analysis and Forecast, 2015–2024”. Revenue from the global soft tissue repair market is
anticipated to expand at a healthy CAGR during the forecast period. On the basis of product type,
the market is segmented into synthetic, allografts, xenografts, and alloplast. The allograft segment is
expected to contribute maximum revenue share to the global soft tissue repair market, and expand at
the fastest CAGR of 6.6% during the forecast period.
On the basis of application, the market is segmented into breast reconstruction, hernia repair,
vaginal sling, dental problems, dermatology, orthopedics, and others. Orthopedics segment is
further sub-segmented into dural repair, sports medication and tendon reinforcement, and others.
Among these, the orthopedics segment is anticipated to remain dominant throughout the forecast
period, and is projected to account for around 20.1% share of the total global soft tissue repair
market revenue by 2024. On the basis of end user, the market is segmented into hospitals,
ambulatory surgical centers, and clinics. Among these, hospitals was the largest segment with
55.4% revenue contribution to the total global market in 2015. Ambulatory surgical centers is
projected to be the second-most attractive segment in the global soft tissue repair market by 2015
end.
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Market growth is primarily driven by factors such as rising incidence of surgical procedures such as
knee reconstruction, shoulder reconstruction, hip reconstruction, and elbow reconstruction, which is
fueling revenue growth of the global soft tissue repair market. Also, increasing demand for
biologics in soft tissue repair procedure such as mesh/matrix, which are extensively used in the U.S.
for breast reconstruction and other reconstruction procedures is expected to fuel revenue growth of
the global soft tissue repair market over the forecast period.
However, lack of appropriate knowledge regarding tissue repair products among physicians and
surgeons may lead to misuse and ineffective use of products, resulting in unsatisfactory patient
outcomes, which is expected to hamper growth of the global soft tissue repair market over the
forecast period.
The report covers global and regional trends along with analysis of the market potential. North
America accounted for over 47.1% revenue share of the total soft tissue repair market in 2015;
whereas Europe registered a healthy CAGR of 5.7% due to growing number of sports and other
activity-related injuries and increasing healthcare awareness.
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Global soft tissue repair market report begins with an overview of the global market in terms of
value. This section includes detailed analysis of key trends, drivers, restraints, and opportunities.
Impact analysis of key growth drivers and restraints based on the weighted average of each one of
these factors in a model-based approach is included in the market report to better equip clients with
crystal clear decision-making insights.