The hospital segment accounted for the largest market share at 93.3%, mainly due to the increasing number of surgical procedures worldwide due to the increasing geriatric population and the prevalence of various diseases.
Hernia repair will account for the largest share of the market at 26.5%.
According to the new market research report “Soft Tissue Repair Market (https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=467&utm_source=abnewswire&utm_medium=referral&utm_campaign=softtissuerepairmarket) By Product (Mesh/Tissue Patch, Allograft, Xenograft, Suture Anchors, Interference Screws, Laparoscopic Instruments), Application (Hernia, Dural, Orthopedic, Skin, Dental, Vaginal, Breast Augmentation) – Global Forecast to 2027”, published by MarketsandMarkets Trademark, the market is expected to grow from USD 13.6 billion in 2022 to USD 17.2 billion by 2027, at a CAGR of 4.7% during the forecast period.
Browse the detailed table of contents on the topic “Soft Tissue Repair Market”
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The growth in this market is mainly driven by the increasing prevalence and incidence of various medical conditions such as obesity and cardiovascular disease (CVD), increasing number of traumas and increase in accidents and sports injuries. Also, the need to treat blood loss in patients and research and development to launch innovative products are aiding the market growth. On the other hand, the high cost of these products is expected to restrain the growth of this market.
“Fabric patches/meshes accounted for the largest share of the soft tissue repair market by product type”
Based on product, the soft tissue repair market is segmented into tissue patch/mesh and laparoscopic instrument injectors. In 2021, tissue patch/mesh accounted for the largest share of 91.9%. This product segment is expected to grow from USD 12,547.2 million in 2022 to USD 15,892.3 million by 2027, growing at a CAGR of 4.8% during the forecast period. The major share of this segment is attributed to the increasing use of synthetic mesh in various types of orthopedic surgeries as they reduce the operation time.
“Hernia repair had the largest share of the soft tissue repair market by application”
Based on application type, the market is segmented into hernia repair, dura repair, vaginal sling procedure, skin repair, orthopedic repair, dental repair, breast reconstruction, and others. In 2021, hernia repair is estimated to account for the largest share of 26.5% of the market by application. Increasing incidence of hernia cases, sports injuries, and increasing prevalence of lifestyle disorders such as arthritis, osteoporosis, and obesity (leading to orthopedic problems) are some of the major factors responsible for the growth in the number of soft tissue repair surgeries performed worldwide.
“The hospital segment had the largest share of the soft tissue repair market by end user”
Based on end users, the market is segmented into hospitals, clinics, and other end users (ambulatory surgery centers, urgent care centers, burn centers, and research institutes). The hospital segment accounted for the largest market share of 93.3% in 2021. This is primarily due to the increasing number of surgeries performed globally due to the rising geriatric population and incidence of various diseases. Furthermore, the increasing need to control blood loss and achieve efficient hemostasis and wound closure during trauma, injury, or surgical procedures is leading surgeons to increasingly use soft tissue repair products.
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“The North America segment had the largest share of the soft tissue repair market by region”
On a regional basis, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2021, North America accounted for the largest share of 43.5%, followed by Europe, Asia Pacific, Latin America, and the Middle East & Africa. The large share of the North American market is attributed to the presence of an advanced healthcare system in the region, high and growing number of surgical procedures, greater adoption of advanced products, and the presence of several leading market players in the US.
Important market participants:
Some of the leading players in the soft tissue repair market include Smith & Nephew Plc. (UK), Arthrex, Inc. (US), Stryker Corporation (US), Johnson & Johnson (US), Medtronic Plc. (Ireland), LifeNet Health, Inc. (US), Becton, Dickinson and Company (US), Integra LifeSciences Corporation (US), CryoLife, Inc. (US), Organogenesis Inc. (US), Zimmer Biomet (US), Baxter International, Inc. (US), ACell Inc. (US), Tissue Regenix Group Plc (UK), and Aroa Biosurgery Ltd. (New Zealand). These players have been adopting various growth strategies such as acquisitions, new product launches, and expansion to increase their presence and reach in the soft tissue repair market.
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