London, 13 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Orthopedic Soft Tissue Repair Devices Market 2014-2018, which is expected to post a CAGR of 8.96 percent during the forecast period of 2013-2018.
Orthopedic soft tissues are the mass of cells that connect, support, or surround bones. There are several types of orthopedic soft tissues such as tendons, ligaments, cartilage, fascia, and other fibrous tissues. Repetitive use, accidents, injuries, and the degeneration of these tissues with age result in wear and tear. Any damage to these tissues is repaired using orthopedic soft tissue repair devices in open surgical procedures or using Minimally Invasive procedures such as arthroscopy.
Key Market Drivers
- Increasing Aging Population
- Growing Incidence of Sports Injuries
- Advances in Technology
- Untapped Market in Emerging Countries
Key Market Trends
- Growing Use of Bioabsorbable Materials
- Rise in Meniscal Repair Procedure Volume
- Increased Popularity of Double-row Rotator Cuff Repair
Key Vendors
- ArthroCare Corp.
- Biomet Corp.
- DePuy Synthes
- Smith & Nephew plc
“The growing age and increasing obesity of populations have led to the increased prevalence of osteoarthritis, thereby increasing the demand for orthopedic soft tissue repair devices for the treatment of soft tissue injuries,” says Faisal Ghaus, Vice President of TechNavio.
“Increasingly aware populations and faster acceptability of advanced treatment procedures are prominent factors fueling market growth.”
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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