Soft Tissue Repair Market Size & Share, by Product Type (Fixation Devices, Tissue Scaffold, Cell-Therapy Based); End-User (Hospitals & Clinics, Ambulatory Surgical Centers [ASCs], Physician Office) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5530
  • Published Date: Jan 12, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Soft Tissue Repair Market size is projected to reach USD 17 billion by the end of 2036, growing at a CAGR of 7% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of soft tissue repair was about USD 7 billion. The major element to influences the market revenue is the growing prevalence of traumatic accidents such as road accidents. According to the World Health Organization, roughly 1.19 million people lose their lives in vehicle crashes every year. 20 to 50 million more people experience non-fatal injuries; several of them become disabled. The orthopedic injury resulting from the traffic collision was the primary cause of this disability. This is why the market demand for soft tissue repair is surging.

Additionally, technological advancements that have additionally propelled soft tissue repair market expansion include the creation of tissue scaffolds, bioengineered grafts, and regenerative medicine methods. Patients are now given access to therapies that encourage tissue regeneration in addition to relieving pain and returning function, which speeds up recovery and improves results.


Soft Tissue Repair Market
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Soft Tissue Repair Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~7%

Base Year Market Size (2023)

~ USD 7 Billion

Forecast Year Market Size (2036)

~ USD 17 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Soft Tissue Repair Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Rise in Geriatric Population - As per the WHO predictions, one in six individuals on the planet will be 60 years of age or older by 2030. At this point, there will be 1.4 billion people over the age of 60, up from 1 billion in 2020. When people age, their physical systems age as well, including the musculoskeletal system. One may notice a decline in general quickness and movement as well as weaker bones and less slender muscles. The possibility of falls and injuries is raised as a result of these changes. Although there are more than a hundred varieties of arthritis, osteoarthritis is the most prevalent one that affects the elderly.
  • Surge in Prevalence of Obesity - According to the WHO, around the globe, 650 million adults, 340 million teenagers, and 39 million children are obese, making up over 1 billion people. It is generally accepted that obesity produces abnormal body mechanics that negatively impact joint function due to the increased stress on the skeletal system. One of the main risk factors for the onset and progression of osteoarthritis in load-bearing joints, such as the knee but also the hip and ankle, is obesity. Changes in gait and higher joint stress are thought to be the primary biomechanical impacts of obesity on joints. This consequently results in greater strain on the articular cartilage and may also result in increased stress in the synovial fluid, subchondral bone, and ligamentous and capsular structures of the joint. Therefore, the market demand for soft tissue repair is surging.
  • Rising Prevalence of Tendinitis in Sports People  - As the fibrous tissue that joins muscles to bones, a tendon can become inflamed and develop tendinitis. For instance, sportsmen who execute the same motion repeatedly are at risk of developing tendinitis owing to overuse and repetitive motion. Moreover, there has been growing participation of athlete which is making scope for the growth of the market.

Challenges

  • Unfavorable Reimbursement Policies - Large sums of money must be invested in the development of new soft tissue repair treatments, and it often takes longer for such products to be approved for sale. The FDA, for instance, has mandated that soft tissue repair product producers acquire premarket clearance (PMA) before releasing their goods onto the market. The product must provide appropriate clinical trial data in support of this, and this data must be provided with the PMA application. With very little possibility of approval, a product must incur significant costs and take a very long time to reach the clinical trial stage and then complete the trials.
  • Lack of Skilled Professional - Advanced biosurgery solutions are gradually replacing conventional wound closure items including staples and sutures. Even though these goods provide better results, their effective use requires qualified surgeons and doctors. The usage of soft tissue healing products is highly complex due to the various effects and contradictions associated with their use. For instance, patients may experience issues including anastomotic leakage as a result of incorrect application of these products. In light of these developments, soft tissue repair product applications and the technology landscape are evolving quickly. Due to this, doctors and other healthcare professionals need to understand how to use cutting-edge soft tissue repair materials including synthetic mesh, allograft, and xenograft. However, lack of skilled workers is set to restrain the growth of the market.
  • High Price of the Treatment


Soft Tissue Repair Segmentation

Product Type (Fixation Devices, Tissue Scaffold, Cell-Therapy Based)

Soft tissue repair market from the fixation devices segment to gather the highest share of over 50% during the coming years. Fixation devices serve as an alternative for the bone structure and are composed of synthetic materials. As the bones heal after surgery or an injury, they serve to stabilize and support them. A wide range of ailments, such as fractures and sports injuries, may be treated with fixation devices. Interference screws and suture anchors are a couple of the fixing tools. Suture anchors are frequently employed in arthroscopic surgery and sports medicine as essential instruments for fastening soft tissue to the bone.  Further, the interference screw is a direct tendon-to-bone interference fixing tool. By reaching out and compressing the graft with the screw threads, this common compression fixation tool fixes the graft. Thus, during the forecast period, the growing necessity for fixation devices in soft tissue repair will propel the segment's expansion.

End-User (Hospitals & Clinics, Ambulatory Surgical Centers [ASCs], Physician Office)

The hospitals & clinics segment in the soft tissue repair market is projected to capture the highest revenue of about 50% over the coming years. This could be on account of the rising number of hospitals. The number of hospitals globally as of 2021 was estimated to be approximately 164,000. Furthermore, there has been a surge in investment in the hospital sector. Therefore, medical technology and healthcare administration techniques have become more innovative as a result of the growing investments in the field. Hence, more people are driving for orthopedic treatment in hospitals. Furthermore, several significant medical industry companies are looking into inorganic expansion prospects. Additionally, this will likely end up resulting in more beds being added as a result of mergers and acquisitions. Therefore, this is estimated to boost the segment growth hence further influencing the market revenue. 

Our in-depth analysis of the global soft tissue repair market includes the following segments:

          Product Type

  • Fixation Devices
  • Tissue Scaffold
  • Cell-Therapy Based

          End-User

  • Hospitals & Clinics
  • Ambulatory Surgical Centers [ASCs]
  • Physician Office

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Soft Tissue Repair Industry - Regional Synopsis

North American Market Forecast

The North America soft tissue repair market is predicted to gather the highest share of about 35% during the forecast period. This growth in this region’s market growth is set to be dominated by rising healthcare expenditure. The amount spent on health care in the United States increased by over 3% in 2022 to approximately USD 3 trillion, or over USD 13,492 per person. Furthermore, this region has the presence of key players focused on the field of soft tissue repair. Additionally, this region has experienced significant launch of advanced products which is why the market in this region is growing. Additionally, government legislation supporting the healthcare system, the need to lower healthcare costs, and the prevalence of chronic diseases are all important factors.

APAC Market Analysis

The Asia Pacific soft tissue repair market is projected to have notable growth during the forecast period. This growth is set to be influenced by rising disposable income in this region owing to the rising middle-class population in this region. Hence, the willingness of people to spend more on soft tissue repair treatment is growing in this region. Furthermore, there has been continuous growth in research in this field which is also projected to dominate the market expansion. Also, this region is experiencing an upward moment in medical tourism due to the upgradation in technology.

Research Nester
Soft Tissue Repair Market size
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Companies Dominating the Soft Tissue Repair Landscape

top-features-companies
    • 3D Systems
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Biocomposites
    • Medtronic plc
    • Stryker
    • Zimmer Biomet
    • Arthrex, Inc.
    • ConMed Corporation
    • Acumed, LLC
    • Integra LifeSciences
    • ArthroCare Corporation 

In-the-news

In The News

  • A commercial agreement has been reached between 3D Systems, the industry leader in additive manufacturing technologies, and Theradaptive, a biopharmaceutical business pioneering tailored regenerative treatments, designating 3D Systems as Theradaptive's sole 3D printing partner.
  • Biocomposites, has entered into a multiyear agreement with Zimmer Biomet to exclusively distribute genex Bone Graft Substitute with its new mixing system and delivery options in the U.S. orthopaedic market. Biocomposites is an international medical device company that engineers, manufactures, and markets world-leading products for regenerating bone and managing infection in bone and soft tissue.

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 5530
  • Published Date: Jan 12, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are rise in geriatric population, surge in prevalence of obesity, and rising prevalence of tendinitis in sports people.

The market size of soft tissue repair is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2024 – 2036.

The major players in the market are 3D Systems, Biocomposites, Medtronic plc, Stryker, and others.

The hospitals & clinics segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America market is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Soft Tissue Repair Market Report Scope
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