The global soft tissue repair market is estimated to grow at CAGR 7.5% during period 2016-2023. Increasing healthcare expenditure, aging population, and increasing incidence of soft tissue injuries are the main drivers of the market for the forecast period. National Institute of Health’s report; An Aging World: 2015, estimates the world’s geriatric population (aged 65 and over) in 2015 were 8.5%. The report predicts geriatric population to reach around 17% by 2050. According to Medscape, over 18% men and 24% women aged 65years and above experience knee pain. Due to weakened muscle, elderly people are more prone to soft tissue damage on doing any physical activity. Increasing aging population worldwide would supplement soft tissue repair market for the forecast period. According to Economic Intelligence Unit healthcare spending around the world is estimated to increase by 4% in 2016, and further 6% till 2018. All nation states are spending an average of 10% of their total GDP on healthcare. Increasing population, increasing disease incidence and rising wealth are the factors driving healthcare spending, especially in developing markets like Asia and Middle East. The high-income household (earning more than $25,000) population in the world will touch 540million by 2019. More than half of the population will be in Asia Pacific. Increasing personal wealth will drive private healthcare sector and encourage government to invest in quality healthcare services. Increasing healthcare expenditure will drive funding for research and new advance tools in infectious disease diagnostics, aiding the market growth for the forecast period. Varying regulatory compliance rules of different countries, market sustainability of SME’s and lack proper of reimbursement policies are few restraints hindering market growth while new innovations in soft tissue repair and technological enhancements in surgical products are providing opportunities for market in forecast period.
Source: OBRC Analysis
The research report is classified as products, applications, and end users. The application segment is further sub divided into:
- Dural reparation
- Hernia repair
- Skin reparation
- Orthopaedics
- Vaginal sling procedures
- Dental
- Breast reform procedure
On the basis of product, market is sub segmented into:
- Laparoscopic instruments
- Tissue patch
- Soft tissue fixation device
- Other products
On the basis of end user, market is sub segmented into:
- Hospitals
- Ambulatory surgical centers
- Clinics
- Other end users
The revenue for the above application and end-user segment are specific to the soft tissue repair market. However, the total revenue of these application and end-user segment in general has been excluded from the scope of the report.
Geographically, the global soft tissue repair market has been segmented on the basis of four major region, which include:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
North America is the dominant market for soft tissue repair with revenue share of 49% in 2015. Europe followed North American market with revenue share of 37% in 2015. Increasing sporting activities, rising orthopedic procedures, innovations in orthopedics and aging population are the dynamics driving soft repair tissue market in Europe. Asia Pacific is the fastest growing market for the forecast period. Asia Pacific grew with highest CAGR 14% in 2015. Countries like India, Japan, Korea and China are the driving market growth in Asia Pacific. Rising aging population, increasing healthcare expenditure and growing number of orthopedic procedures are the dynamics driving the market in Asia Pacific.
The research report is classified as products, applications, and end users. The application segment is further sub divided into, dural reparation, hernia repair, skin reparation, orthopaedics, vaginal sling procedures, dental, and breast reform procedure. Orthopaedics had the largest market share of 21% in 2015. Knee replacement and hip replacement account for 30% of the total orthopaedic procedures. North America accounted for the largest market share in orthopaedics segment in 2015. High income disposable population, increasing number of orthopaedic procedures and aging population are driving orthopaedic segment in North America. Asia Pacific and Middle East & North Africa is the fastest growing market for orthopaedic segment. Countries like India, China, and Japan are driving orthopaedic segment for the forecasted period. Rising aging population, increasing healthcare expenditure and growing number of orthopaedic procedures are the dynamics driving the market in Asia Pacific. The end user segmented is classified into hospitals, ambulatory surgical centres, clinics, and other end users. Hospitals have the largest market share of amongst end users in 2015.
The major market players of the global soft tissue repair market are:
- C. R. BARD INC.
- LIFE CELL CORP
- LIFENET HEALTH INC.
- SMITH & NEPHEW PLC.
- WRIGHT MEDICAL
- OTHERS
Detailed analysis of these companies provided in this report comprises Overview, SCOT Analysis, Product Portfolio, Strategic Initiative and Strategic Analysis.
These companies using various strategies such as merger & acquisition, collaboration, partnership and product launching. Example, Zimmer Biomet Holdings announced acquisition of soft tissue reconstruction start-up Cayenne Medical on 25th April 2016 for an undisclosed amount. On July 28th 2016, Derma Sciences acquired BioD LLC for over $77.8million. SERI Surgical Scaffold product line was acquired by Sofregen Medical acquires from Allergen for an undisclosed amount on 11th November 2016.
Why to buy the report:
This report will:
- Provide you the business strategies adopted by market player such as Zimmer Biomet Holdings announced acquisition of soft tissue reconstruction start-up Cayenne Medical on 25th April 2016
- Provide in detail the different segments such as by products, application and end-users which are affecting the global soft tissue repair market.
- Provide you the patent analysis of the soft tissue repair market.
- Identify and understand the strength, opportunities, challenges and threat of the soft tissue repair market.
- Provide revenues of major players of the market such as smith & nephew plc., Zimmer
- Provide you various the regulatory policies which are affecting the global soft tissue repair market.
How we are different from others:
At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global soft tissue market offers the longest chain of market segmentation covering major market segmentation based on products, application and end users. The report tracks the major market trends in the global soft tissue market such as technological advancement in minimal invasive procedures and rapid healing products and so on. For each market segments covered in global soft tissues repair market report, we provide opportunity matrix, and DRO analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the soft tissue repair industry, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360 degree analysis, See Saw analysis, and Porter five force model and so on. For the high level analysis in the report we provide a comparative analysis of historic and current year data.
Key Findings of the global soft tissue repair market:
- Increasing healthcare expenditure, aging population, and increasing incidence of soft tissue injuries are the main drivers of the market for the forecast period.
- North America is anticipated to account the largest revenue share in 2016.
- Increasing government support
- Product launch is the key strategy adopted by the various market players of global soft tissue repair market.
- Orthopedic is the major segment of application.