The soft tissues such as tendons, ligaments, skin, and synovial membrane are known to support, connect, and surround a number of structures and organs present in the body. The repairing procedure of the soft tissues takes a longer time and during the repairing process, the injured tissue is replaced by a granulation tissue, which matures and forms a scar tissue later. The soft tissues possess a deformable property; therefore, their characteristics may vary on a large scale from person to person. The most common cause of the soft tissue injuries is sports. The global soft tissue repair market was accounted to be USD 11.15 Billion during 2015 and is anticipated to reach around USD 17.12 Billion by the end of 2021, in short, a 7.5% CAGR of growth from 2016 to 2021.
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The major factors responsible for booming the global soft tissue repair market include the government funds or grants for the healthcare sector, increasing geriatric population, sports games popularity such as cricket, football, basketball, and others. All these factors cause soft tissue injuries that will help the global market flourish in the coming years. The rising low invasive method along with the advancement in the orthopedic surgical procedure technology gives a positive opportunity for the growth of the market. However, an ambiguous reimbursement scenario and high cost hamper the global market growth.
The global soft tissue repair market is segmented based on application and product. The application segment is divided into breast reconstruction repair, hernia repair, dental reconstruction repair, skin repair, orthopedic repair, and others. The product segment is categorized into laparoscopic instruments, mesh or tissue patch, soft tissue fixation device, and others. The subchondroplasty procedure has been approved under the CE Mark, after which the company Zimmer Biomet got the approval for its use across Canada, Singapore, Hong Kong, and Malaysia. Zimmer Biomet’s new procedure is a turning point in the soft tissue repair market owing to its reliable outcome.
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Some of the major players leading the global soft tissue repair market include Smith and Nephew plc, Covidien plc, Integra LifeScience Corporation, Stryker Corporation, Organogenesis, Wright Medical Technology, C.R. Bard Inc., Johnson & Johnson, American Medical Systems Inc., and LifeCell Corporation.