With the epithelialization process, the soft tissue repair process replaces injured or damaged tissues with healthy ones (Angiogenesis and Fibroplasia). Methods with a low success rate, such as allografts, xenografts, and electrotherapy, are now the most common therapeutic options. The global soft tissue repair market was $12.62 billion in 2021, and it will reach $22.84 billion by 2030, representing a 6.81% CAGR from 2021 to 2030. North America has the largest market share of approximately 43.5% and is also the fastest-growing market for soft tissue repair.
According to a study conducted by Johns Hopkins University, approximately 30 million children and teenagers in the United States participate in organized sports. Approximately 3.5 million injuries occur annually, causing time away from the sport. This will fuel the growth of the soft tissue repair market even more.
Drivers of the soft tissue repair market
- Pressure ulcers, venous stasis ulcers, and other chronic lesions are more common among the elderly. According to a study published in the journal Advances in Orthopedic Surgery, a rotator cuff injury affects more than 40% of the population aged 60 and up. The growing geriatric population means increased demand for orthopedic surgeries, which will drive market growth.
- Sports and physical activities are having a positive impact on people’s health all over the world. As a result of the youth’s interest in sports, there has been an increase in sports injuries such as Ankle Sprain, Muscle Strain Injuries of the Hip, soft tissue repair surgery, Tendonitis, Bursitis, and Stress Injuries. Sports are also gaining popularity in Asian countries such as China, Korea, India, and former Soviet Union countries.
- The number of high school sports participants increased for the 25th year in a row in 2020-2021, according to the NFHSA (National Federation of State High School Associations) High School Athletics Participation Survey. Increased sports participation will increase sports-related injuries, significantly driving the overall market growth.
- Soft tissue repair items such as tissue and grafts and suture anchors play an important role in aesthetic and reconstructive plastic surgery. As a result, the rising demand for cosmetic surgery is propelling the overall market.
- Soft tissue repair products are use to treat severe trauma injuries such as TBIs, spinal cord injuries, spine fractures, collapsed lungs, and subarachnoid hemorrhages. The Centers for Disease Control and Prevention said that TBIs caused approximately 61,000 injury-related fatalities in the United States in 2019, or approximately 166 deaths per day.
- The rising prevalence of trauma injuries, such as TBIs and injuries from falls and accidents, it will increase the number of trauma operations performed globally. This is a critical factor for overall market growth during the forecast period.
Market restraints
The industry trend is being extinguished by unfavorable reimbursement policies in most countries worldwide. According to Science Direct, the national inflation rate was around 16.3% from 2011 to 2021. The policy rates for open and laparoscopic inguinal hernia repairs increased by 6.5% and 7.2%, respectively.
There was also a 5.1% increase in unadjusted reimbursements for open appendectomies and a 6.1% increase in the case of laparoscopic appendectomies. When adjusted to 2021 values, it was discovered that reimbursements for all six operations decreased, with the laparoscopic and open cholecystectomies experiencing the largest decreases (i.e., 19.8% and 10.2%, respectively).
Segmentation Analysis
Segment based on type, application, and region.
- By type, The market is diverging into tissue mesh, laparoscopic instruments, and fixation devices. Tissue mesh is further classified as biological mesh and synthetic mesh. Biological mesh is diverging into two types: allograft and xenograft. Suture anchor and interference screw are two types of fixation devices.
- The market is divided into five applications: breast reconstruction, dental repair, dural repair, head and neck product, hernia repair, orthopedic repair, pelvic & vaginal prolapse repair, and skin repair.
- It is examine across North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa (LAMEA).
Major players
Major players included in the market are:
- Smith & Nephew Plc.
- Arthrex
- Stryker Corporation
- Johnson & Johnson
- Medtronic
- LifeNet Health, Inc.
- Becton, Dickinson, and Company
- Integra Lifesciences Corporation
- others