SOFT TISSUE REPAIR MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Soft Tissue Repair Market Analysis:

The Global Soft Tissue Repair Market is anticipated to expand from USD 14.09 billion in 2023 to USD 17.92 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 4.93% during the forecast period (2023–2028).

The COVID-19 pandemic had a significant impact on the market initially, owing to the reduction in the number of soft tissue repair procedures due to lockdown restrictions. For instance, a study conducted in Poland, as published by PubMed Central in March 2021, revealed that the pandemic had substantially affected the number of dental procedures performed, including dental repair procedures, in the initial phase of the pandemic. However, as the pandemic progressed, soft tissue repair procedures resumed, leading to an increase in market growth. Changes implemented during the pandemic period regarding orthopedic surgeries, as published by PubMed Central in November 2022, proved beneficial after the pandemic subsided and could be potential long-term solutions for optimizing medical orthopedic management. Therefore, the pandemic initially had a negative impact on the market under consideration. However, with the pandemic over, the market is expected to grow well during the study’s forecast period.

The market is expected to grow due to factors such as the rise in sports-related injuries, the increase in trauma cases, and the rise in the number of older people.

The growing incidence of sports-related injuries is one of the major factors driving market growth, as it is expected to increase the adoption of soft tissue repair procedures. For instance, a study conducted in Canada in 2022, as published by SpringerLink in September 2022, showed a high rate of injuries among collision sport participants in Canadian high schools. The study also revealed that the rates of injuries ranged from 12.7 injuries per 100 participants every year in rugby to 33.1 injuries per 100 participants every year in ice hockey. The prevalence rate for injuries to the head was 33.3%; for injuries to the wrist or hand, it was 16.0%; for injuries to the shoulder, it was 12.8%; and for injuries to the knee, it was 12.0%.

Furthermore, according to data published by the National Council on Mental Health in August 2022, it is estimated that 70% of the adult population in the United States has experienced some type of traumatic event at least once in their lives, which is equivalent to 223.4 million people. Consequently, the high number of injuries in the United States is likely to lead to more soft tissue repair procedures.

Moreover, the rising developments by major market players are also expected to enhance the market’s growth. For instance, in August 2021, Orthopaedic Implant Company launched its FDA-cleared DRPX wrist fracture plate, which is designed with type II anodized titanium and a low-profile plate and screw design to minimize soft tissue impingement.

Therefore, the aforementioned factors, such as the growing incidence of sports-related injuries, the rising trauma cases, and the rising developments by major market players, are expected to enhance the market’s growth. However, the high cost of surgical procedures may hinder the growth of the market.

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