Transparency Market Research, a U.S.-based market intelligence firm, states that the orthopaedic soft tissue repair market will significantly benefit from the global ageing population, high prevalence of obesity and rising incidences of soft tissue damage amongst the global population.
The report, titled “Orthopedic Soft Tissue Repair Market (Surgical Procedures - ACL/PCL Reconstruction, Meniscal Repair, Rotator Cuff Repair, Hip Arthroscopy, Biceps Tenodesis and Shoulder Labrum Repair) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," is available for sale on the company’s website. It states that the orthopaedic soft tissue repair market would grow at a CAGR of 7.2% during the forecast period and rise to a market figure of US$ 8.5 billion by 2019. This market had an estimated net worth of US$5.6 billion in 2013.
Browse the Orthopedic Soft Tissue Repair Market Research Report with complete TOC at http://www.transparencymarketresearch.com/soft-tissue-repair-sports-medicine.html
The ageing world population has played a major role in the swift growth achieved by the global orthopaedicsoft tissue repair market over the past few years. Age-old people are more prone to get affected from an increased number of sports injuries due to weakened body functions and movements. As a result, the incidence of soft tissue damage increase manifold. The introduction of innovative medical technologies, an overall rise in disposable incomes, increased levels of healthcare expenditure and lack of substitutes to surgery for repairing soft tissue damage have also allowed market growth.
The restraining factors that could suppress growth of the global orthopaedicsoft tissue repair market include the lack of awareness about orthopaedicsoft tissue repair, rising costs of surgeries and limited reimbursements granted by insurers in case of orthopaedicsoft tissue injuries. Important trends observed in the market include the rising popularity of robot-assisted surgeries and the shift being observed from metallic to non-metallic (bio absorbable) anchor devices.
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The global orthopaedicsoft tissue repair market acquires the major percent share of its revenues from the North American regional market. However, the robust expansion of medical tourism industry in Asia has allowed it to grow at the fastest pace in the past few years; it will continue to fetch significant market shares in the future as well.
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Participation in sports has continued to increase on a global front. Owing to this, the incidence of orthopedic sports injuries have enormously increased. USA Today had reported that by August 2013, there were nearly 1.35 million youngsters facing severe sports injuries in the U.S. alone.
ACL/PCL reconstruction surgeries account for the largest percent share of revenues acquired by the global orthopaedicsoft tissue repair market. The market segment is expected to grow at a CAGR of 8.3 during the forecast period. Some other major procedures and surgeries popular in the repair of orthopaedic sift tissue injuries include Biceps Tenodesis , Shoulder Labrum, Meniscal Repair, Hip Arthroscopy, and Rotator Cuff.
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