Soft Tissue Repair Market Report

Soft Tissue Repair Market Analysis By Product Type [Fixation Products (Suture, Suture Anchors), Tissue Patch/Mesh (Biological, Synthetic)], By Application, By Region, And Segment Forecasts, 2014 - 2025

Published: August 2017  |  97 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-602-8

Industry Insights

The global soft tissue repair market size was estimated at USD 5.73 billion in 2016. Growing number of surgeries fueled by ageing population and rising trauma cases are anticipated to propel demand for soft tissue repair devices and in turn provide lucrative growth opportunities for manufacturers.

In addition, the increasing number of products launched and industry consolidation are expected to strengthen the soft tissue repair market over the forecast period. For instance, introduction of biological grafts by leading manufacturers is gaining traction. Biological grafts reduce the recovery period and have less complications associated to rejection, which in turn is anticipated to boost demand for these products over the forecast period.

North America soft tissue repair market by product, 2014 - 2025 (USD Billion)

North America Soft Tissue Repair Market

Growing number of patients suffering from sports related injuries is another factor which is expected to promote soft tissue repair market growth. With increasing participation of children and adolescents in the organized sports, the incidence of sports injuries is also expected to rise, which in turn is predicted to boost revenue growth of the market. The growing number of specialized physicians in soft tissue repair is also expected to boost demand for products. Physicians are the actual customers for medical devices who decide on the material, brand and type of surgery to be performed for tissue repair. The growing number of physicians is may increase the customer pool for the soft tissue repair products and in turn lead to overall growth.

Product Type Insights

Global soft tissue repair market is segmented into following: fixation products and patch/mesh. Fixation product segment dominated the market in 2016. This segment accounted for nearly 55.0% share by revenue and is expected to be the dominant segment throughout the forecast period. Fixation products segment is further categorized into sutures and suture anchors, these are used for joining of tissues and bones. Tissue patch/mesh segment is further divided into biological and synthetic, depending upon the raw material used for manufacturing the patches/mesh.

Tissue patch/mesh segment is mainly dominated by synthetic products. Low price of synthetic products is expected to be the major factor promoting demand. The demand for synthetic devices is observed to be comparatively lower in developed countries but is significantly high in price conscious low – income and emerging countries. Biological patches/mesh have higher benefits like rapid recovery rate and low rejection owing to which these products have started gaining traction and are anticipated to witness high growth over the forecast period.

Fixation products comprise of sutures and suture anchors. This segment is expected to comprise of largest share by volume however, owing to low price of these products as compared to tissue patches and mesh, fixation products segment is anticipated to account for smaller share of the market by product type. Sutures segment is expected to be the dominant throughout the forecast period in the overall fixation products.  

Application Type Insights

By application the market is segmented into eight key applications, which include orthopedic surgery, breast reconstruction, hernia repair, skin repair, vaginal sling repair, cardiovascular surgery, dental reconstruction and others. Orthopedic surgery segment accounted for the largest share of around 25.7% in 2016. This segment us expected to maintain its dominance throughout the forecast period owing to increasing number of trauma and sports related injury cases, globally.

Cardiovascular segment is anticipated to be the second largest by application. This segment is anticipated to expand at a CAGR of 7.4% over the forecast period. Growing number of cardiovascular repair surgeries and increasing adoption of patches/mesh in cardiovascular surgeries is expected to boost demand for soft tissue repair products.

Breast reconstruction segment is anticipated to be the third largest by application type in the global soft tissue repair market. With growing number of women suffering from breast cancer, the number of breast reconstruction surgeries are projected to grow significantly during the forecast period, which in turn is expected to boost demand for soft tissue repair products used for breast reconstruction surgeries and in turn promote growth.

Regional Insights

Global soft tissue repair market revenue share, by region, 2016 (%)

Global Soft Tissue Repair Market

North America was estimated to be the leading soft tissue repair market and accounted for around 32.2% share of the total market revenue in 2016, whereas emerging economies such as India, China, and Brazil are anticipated to exhibit rapid growth during the forecast period. Rising geriatric population and growing number of trauma cases are expected to increase demand for soft tissue repair products over the forecast period.

U.S. was estimated to be the leading country in North America soft tissue repair market in 2016. It is also anticipated that the U.S. will hold the largest revenue share over the forecast period owing to the local presence of several key players with an established distribution channel. Favorable reimbursement policies for orthopedic, cardiovascular and other tissue reconstruction surgeries in the U.S. are factors responsible for promoting revenue growth.

Asia Pacific is projected to be the fastest growing regional market. This region is anticipated to exhibit enormous growth due to growing medical tourism, increasing per capita income, surging healthcare spending by the government, and rising awareness. China is anticipated to be the fastest growing in the Asia Pacific region.

Europe region is anticipated to follow the Asia Pacific market with a CAGR of 7.1% between 2017 and 2025. Growing patient pool due to medical tourism and strong distribution network of the manufacturers is expected to drive growth in Europe. Favorable healthcare policies can also be attributed to the growing demand over the forecast period.

Competitive Insights

The market is highly competitive and fairly concentrated, with few top companies accounting for the maximum revenue share in 2016. Some of the key participants include Stryker Corporation; Arthrex, Inc.; C.R. Bard, Inc., Integra LifeScience Corporation, Smith & Nephew plc. and Depuy Synthes

Growing investments in R&D activities and expanding applications are expected to be key parameters for maintaining a competitive edge, with frequent partnerships being undertaken as an attempt to diversify application portfolios and gain market share.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2015

Forecast period

2017 - 2025

Market representation

Revenue in USD Million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., Canada, Germany, UK, China, India, Brazil, Mexico, South Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analysts working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments covered in the report

This report forecasts revenue growth at global, regional, & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global soft tissue repair market on the basis of product, application and region:

  • Product Outlook (Revenue, USD Million, 2014 - 2025)

    • Fixation Products

      • Suture

      • Suture Anchors

    • Tissue Patch/Match

      • Biological

      • Synthetic

  • Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Orthopedic Surgery

    • Breast Reconstruction

    • Hernia Repair

    • Skin Repair

    • Vaginal Sling Repair

    • Cardiovascular Surgery

    • Dental Reconstruction

    • Others 

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • China

      • Japan

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • South Africa

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