According to Technavio’s latest market research study, the global soft tissue repair market is expected to grow at a CAGR of more than 13% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global soft tissue repair market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user type
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The top three revenue contributing end-user segments are discussed below
Global soft tissue repair market by hospitals and clinics: Manufacturers of soft tissue repair products focus on delivering high-quality products to hospitals to improve brand image and subsequently expand their product reach. To increase the treatment’s efficiency, hospitals adopt these devices for diagnosis of diabetic retinopathy, cardiovascular disease, and dermatology. For instance, hospitals have increased the demand for soft tissue repair that are used in operation theaters, emergency, and ICU departments.
“The number of mid-sized hospitals is higher than large hospitals, as they are easily accessible to people. This will increase the sales of soft tissue repair products in medium-sized hospitals,” says Barath Palada, a lead analyst at Technavio for research on orthopedics and general medical devices.
Global soft tissue repair market by ASCs: ASCs have a limited number of suppliers. These centers often require third-party laboratory testing support and medical equipment for their healthcare services. The low cost of treatment compared with surgeries conducted in hospitals is compelling many people to adopt ASCs, leading to the growth of the market.
Global soft tissue repair market by physician’s offices: Many people are undergoing treatment in physicians’ offices due to the presence of improved individual care, availability of easy appointment rescheduling, and the presence of favorable reimbursement processing. The reimbursement fee with growing need of soft tissue repair products for dental, dermatology, and orthopedic application is anticipated to favor the growth of this market in the coming years.
The top vendors operating in the global soft tissue repair market are:
- Acelity
- Arthrex
- Ethicon
- Medtronic
Other prominent vendors in the market include ACE Surgical Supply, AlloCure, AlloSource, Anterogen, Antibe Therapeutics, Athersys, Avita Medical, AxoGen Bacterin International, Baxter, Biogen, BioRestorative Therapies, Biostage, BioTissue Technologies, BrainStorm Cell Therapeutics, BrainStorm Cell Therapeutics, Caladrius Biosciences, Celgene, Cell Therapy, CONMED, CRC for Cell Therapy Manufacturing, Fibrocell Science, Healthpoint, Histogen, Holostem Terapie Avanzate, Integra Life Sciences, ISTO Technologies, Janssen Pharmaceutical, K2M, Mesoblast, NeoStem, Neuralstem, Orteq, Osiris Therapeutics, Osteotech, Orthofix International, Parcus Medical, Regenerys, SanBio, Soft Tissue Regeneration, Stratatech, Straumann, Tissue Genesis, Tornier, Vericel, ViaCyte, and XTANT Medical.
A more detailed analysis is available in the Technavio report titled, ‘Global Soft Tissue Repair Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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