The Global Soft Tissue Repair Market is expected to grow at a rate of ~6% by 2026. The rising incidence of sports injuries, growing occurrence of chronic conditions such as hernia and orthopedic, rising number of surgical procedures across the world, increasing obesity cases, growing geriatric population, rising use of grouping materials for enhancing product efficacy, and rising cases of severe trauma injuries are a portion of the key variables driving the worldwide soft tissue repair market.
Growing Usage of Allograft in Various Applications Drives the Soft Tissue Repair Market
Allograft is like a scaffold (trellis) that supports the bone-forming cells as they grow new bone over time. Allografts are utilized in a few methods to save lives, repair limbs, relieve pain, or improve a patientâ€™s quality of life.
Various application includes:
Bone, tendons, and ligaments can be used in orthopedics, neurosurgery, dental surgery, and plastic surgery
Heart valves and blood vessels are used in heart surgery
Skin can be used to treat severe burns or used in abdominal surgery
Corneas can restore the vision of a person whose cornea has been damaged or has failed
Developing Adoption of Soft Tissue Repair in Sports Injury Fuels the Soft Tissue Repair Market Demand
Sports injuries mostly include acute injuries such as muscle strains and ligament sprains, tendon injuries, dislocations and subluxations, fractures, and skin injuries, and also overuse injuries such as tendinopathies and painful myofascial syndromes. Soft tissue strategies plan to promote health and well-being through their mechanical effects on the bodyâ€™s soft tissues such as friction, compression, tissue sliding, and myofascial release. Sports soft-tissue procedures are applied either directly with the hands of therapists such as classical massage or with the use of special equipment such as tools made of stainless steel (ERGON instrument-assisted soft tissue mobilization), and elastic ischemic bandages (Kinetic flossing technique), and cups (cupping therapy).
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Key Challenges/ Constraints: Soft Tissue Repair Market
The high methodology & product costs for soft tissue repairs, unfavorable reimbursement policies for soft tissue repair treatments, shortage of skilled & trained professionals, and the stringent regulations for the biological mesh (allografts, xenografts, and alloplasts) are some of the key factors confining the development of the soft tissue repair market.
North America Holds the Largest Market Share but APAC is Set to Witness Strongest Growth
North America holds the major market share of the soft tissue repair market followed by Europe and the Asia Pacific. The increased number of people participating in fitness regimens and sports, growing incidence of chronic conditions such as hernia, orthopedic, and spinal injuries, growing demand for tissue repair products, and the presence of key market players in this region are some of the key factors driving the growth of soft tissue repair market.
Organizations Adopt both Organic & Inorganic Growth Strategies to Increase their Market Share
Players operating in soft tissue repair market are adopting organic and inorganic growth strategies such as collaborations, acquisitions, and expansions to garner market share.
In December 2021, BD announced the acquisition of Tissuemed, Ltd., a leading global medical technology company. This acquisition will expand BD’s global offerings for surgeons outside of the United States to help control internal bleeding or prevent leaks from surgical incisions
In July 2021, Via Surgical announced they have received United States FDA 510(K) clearance for its TissueTak tendon anchor, which is the first closed-loop suture-based fixation system and a minimally-invasive surgical system for orthopedic surgeries for soft tissue repair of certain types of injuries
Competitive Landscape Analysis of Soft Tissue Repair Market
The global soft tissue repair market is marked by the presence of established key players such as Allergan Plc. (LifeCell Corporation), Athersys Inc., CryoLife Inc., Medtronic Plc., and Organogenesis Inc., among others.
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