Market Research Report
Global Soft Tissue Repair Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||888673|
Delivery time: 2-3 business days
|Global Soft Tissue Repair Market 2019-2025|
|Published: June 19, 2019||Content info:||
Global Soft Tissue Repair Market Size, Share & Trends Analysis Report by Type (Tissue Mesh, Fixation Devices and Other) by Application (Dental Repair, Breast Reconstruction, Hernia Repair, Orthopedic Repair, and Other), and Forecast, 2019-2025
Soft tissue injury causes the damage of ligaments, muscles or tendons which mostly occurs during exercise or sports activities, however, sometimes it may occur while performing daily activities. Commonly, acute injuries occur by sudden accidents such as twist or fall and chronic injuries. Bursitis and tendinitis are very regular soft tissue overuse injuries. The soft tissue repair market is witnessing the growth due to rise in elderly population, availability of broad range of tissue repair products across the globe. There are some treatments which are available to treat the soft tissue injury such as hernia repair, compression bandage, elevation and icing. The treatment cost of hernia repair is around $6,000-$8,000 and 80% of the cost of a hernia surgery generate from the facility charge which varies from region to region. High price of surgical treatments and reimbursement issues are some of the reasons due to which people from emerging economies are not able to afford the surgical procedures and as a result; it is hindering the growth of global soft tissue repair market.
The global soft tissue repair market is segmented on the basis of regions includes North America, Europe, Asia-Pacific and Rest of the World (RoW). Asia-Pacific is expected to experience the significant growth owing to increase in geriatric population in this region. According to Social Development Division in 2016, around 13% of Asia-Pacific region had the population of 62 years or older than that. This figure is estimated to grow more than 1.4 billion by 2050. Further, the elderly population suffers more from tissue injury and hence, it is estimated to have a market growth in the forecasted period. There are various companies involved in the soft tissue repair market such as Boston Scientific Corp., Medtronic, PLC, C.R. Bard, Inc. (A Becton, Dickinson and Co.), Johnson & Johnson Service, Inc., Integra Lifesciences Corp., Organogenesis, Inc., and Arthrex, Inc. These companies are focused on developing various solutions to stay competitive in the market. Geographical expansion, merger and acquisition in order to expand individual market share are the key strategies adopted by major market players.
The market study of the global soft tissue repair market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.
The report is intended for hospitals, and manufacturing companies for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.