Soft Tissue Repair Market Segmentation:
Product Type Segment Analysis
In soft tissue repair market, fixation devices segment is predicted to capture over 50% revenue share by 2035. The segment growth can be attributed to the growing prevalence of fractures and sports injuries. 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 Segment Analysis
The hospitals & clinics segment in the soft tissue repair market is predicted to account for a share of 46% during the forecast timeframe. The segment’s growth is led by the growing 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 market includes the following segments:
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