Transparency Market Research has recently announced the publication of a new market research report, which is available for sale on the company website. The research report, titled “U.S., Europe and Japan Orthopedic Soft Tissue Surgical Procedures Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, provides in-depth analysis of the U.S., Japan, Europe orthopedic soft tissue surgical procedure market. According to the research study, in 2013, this market was worth US$7.3 bn and is expected to be US$10.2 bn by the end of 2020, growing significantly at a 4.90% CAGR from 2014 to 2020.
Increasing research and development activities in order to build up novel orthopedic surgical equipment is one of the big opportunities to register a high growth rate in the forecast period. On the other hand, the rising trend of medical tourism, tremendously expensive surgeries, and increasing accessibility of non-operative treatments are some of the major factors that are expected to curb the growth of this market throughout the forecast period.
The orthopedic soft tissue surgical procedures market has been divided into Europe, Japan, and the U.S. Among these, the U.S. orthopedic soft tissue surgical procedure market is expected to hold the largest market share and retain top position in the coming years. High proportion of geriatrics in the population, increasing obesity, rising total population, and rising sports-linked injuries are some of the major factors responsible for the high growth rate of the U.S. market. The Europe orthopedic soft tissue surgical procedures market is expected to register a healthy 4.70% CAGR between 2014 and 2020, due to the rise in the number of sports-linked injuries. The prevalence of soft tissue injuries has also been on a rise in Europe, which is expected to fuel the orthopedic soft tissue surgical procedures market in the forecast period.
The U.S., Japan, and Europe market for orthopedic soft tissue surgical procedure has been classified on the basis of indication into gluteal tendon repair, ACL reconstruction, lateral epicondylitis, vaginal prolapse, rotator cuff repair, and Achilles tendinosis repair. In 2013, the ACL reconstruction segment accounted for the largest share in the market and is anticipated to maintain its dominance between 2014 and 2020. ACL injuries are common among sports players and require a surgical procedure. Increased participation in various sports such as football, basketball, and gymnastics has fueled the ACL reconstruction market in the forecast period. In addition, the adoption of bio-absorbable components and devices that aids in eradicating the threats related to implant removal is also projected to boost the demand for ACL surgical procedures in the next few years. The gluteal tendon repair segment is expected to represent a small share of the orthopedic soft tissue surgical procedures market in the U.S., Europe, and Japan, as most of the patients are treated by non-surgical procedures including painkillers and steroid injections.
The research report further talks about the key companies in the orthopedic soft tissue surgical procedure market in the U.S., Europe, and Japan. Some of the prominent players mentioned in the report are DePuy Synthes, Inc., Biomet, Inc., CONMED Corporation, Smith & Nephew plc, Arthrex, Inc., ArthroCare Corporation, and Stryker Corporation. Detailed analysis of these players including company overview, financial overview, business strategies, and recent development is discussed in the study.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.