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Orthopedic Soft Tissue Repair Market is Expected to Reach USD 8.5 Billion Globally in 2019: Transparency Market Research

March 25, 2014

ALBANY, New York, March 25, 2014 /PRNewswire/ –

According to a new market report published by Transparency Market Research “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,” the
global orthopedic soft tissue repair market was valued at USD 5.6 billion in 2013 and is
expected to grow at a CAGR of 7.2% from 2013 to 2019, to reach an estimated value of USD
8.5 billion in 2019.

Globally, rise in aging population is playing a major role in increasing the incidence
of sports injuries as aging diminishes body functions and movements which makes the body
more prone to injuries. As a result, the market for orthopedic soft tissue repair is
expected to grow at a CAGR of about 7.2% during 2013 – 2019.

Browse Global Orthopedic Soft Tissue Repair Market Report with Full TOC at

http://www.transparencymarketresearch.com/soft-tissue-repair-sports-medicine.html

Some of the key driving factors for the orthopedic soft tissue repair market are aging
population, increased obesity rate, introduction of new medicine technologies, high
incidence rate of soft tissue damage and sports injuries, increasing healthcare
expenditure and lack of substitutes for soft tissue repair surgery. However, the market
faces some restraints such as lack of awareness among people about orthopedic soft tissue
repair, rising cost of surgical procedures and limited reimbursements by insurers for
orthopedic sports based injuries. The orthopedic soft tissue repair market is also
witnessing shift from metallic to bio absorbable (non-metallic) anchor devices. Rising
popularity of robot-assisted surgeries over traditional surgical methods and geographic
expansion by leading players in developing countries are major trends in the market.

North America, including the U.S. has the largest orthopedic soft tissue repair market
and Asia is the fastest growing market for orthopedic soft tissue repair. Some of the
fastest growing markets for orthopedic soft tissue repair are China, India and Japan.
Participation in sports activities is constantly on the rise, which is resulting in high
incidence of orthopedic sports injuries. For instance, in August 2013, USA Today, a news
and information company reported that more than 1.35 million youngsters face severe sports
injuries in the U.S. every year. Similarly, according to the European Injury Database (EU
IDB) catalogue, annually on an average 6.1 million people in the European Union are
treated in hospitals for sports injuries.

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ACL/PCL reconstruction is the largest practiced procedure in the orthopedic soft
tissue repair market and it is expected to grow at a CAGR of about 8.3% during 2013 -
2019. Some of the other major procedures for orthopedic soft tissue repair are Meniscal
Repair, Hip Arthroscopy, Rotator Cuff, Shoulder Labrum and Biceps Tenodesis. Globally,
majority of knee injury incidences are reported during sports followed by shoulder and hip
injuries. Aging is considered as one of the main factors which causes rise in orthopedic
soft tissue injuries including knee injuries. Aging causes weakening of bones, loss of
proper bodily functions, decreased movements and flexibility leading to more cases of knee
injury.

Smith & Nephew plc is the leading player in the orthopedic soft tissue repair market.
Other major players include ArthroCare Corporation, LifeNet Health Inc. and AlloSource.

The global orthopedic soft tissue repair market is segmented as follows:

Orthopedic Soft Tissue Repair Market, By Surgical Procedures

        - ACL/Reconstruction
        - Meniscal Repair
        - Rotator Cuff Repair
        - Shoulder Labrum
        - Hip Arthroscopy
        - Biceps Tenodesis

Browse Global Orthopedic Soft Tissue Repair Market Report with Full TOC at

http://www.transparencymarketresearch.com/soft-tissue-repair-sports-medicine.html

Orthopedic Soft Tissue Repair Market, By Injury Location

        - Knee
        - Shoulder
        - Hip

Orthopedic Soft Tissue Repair Market, by Geography

        - North America
             - US
        - Asia Pacific
             - Japan
             - China
             - India
        - Europe
             - UK
             - Germany
             - France
        - Rest of the World (RoW)

Browse all Medical Devices Market Research Reports @

http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html

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