Product innovation is on a rise in the healthcare industry. Research and development activities in the market are also leading to the development of new and technically advanced devices. Increasing adoption of a minimally invasive procedure is leading to the development of devices for soft tissue repair. Major companies are also focusing on entering into a partnership with other companies during the drug development and manufacturing process. Merger & acquisition activities are also taking place on a large scale, as companies are looking forward to strengthening their position in the global market for soft tissue repair. The companies are also focusing on developing methods that can speed up the process of soft tissue injury repair. New techniques are being developed for soft tissue repair, as techniques which involves the use of synthetic and grafts material has often proved to fail. This is mainly due to the loss of blood supply. Increasing funding from government and other organizations is also contributing to the growth of soft tissue repair market. For instance, Biomedical Advanced Research and Development Authority and the National Institutes of Health are the major contributors to the development of soft tissue repair in the U.S.
The report by Persistence Market Research expects the global market for soft tissue repair to see a steady growth between 2017 and 2024. Towards 2024 end, the global soft tissue repair market is projected to reach US$ 7,391.9 Million in terms of revenue.
Allograft to Account for the Highest Revenue Share in the Global market for Soft Tissue Repair
Compared to various products in the soft tissue repair such as xenograft, alloplast, and synthetic, allograft is expected to witness significant growth between 2017 and 2024. Minimizing operating time and causing less pain are some of the factors driving the growth of the allograft in the soft tissue repair. It is also one of the highly preferred procedure in complex cases. However, allograft sometimes can fail as it carries the risk of immune response complication. Which includes the failure of soft tissue to incorporate itself in the function of the body. Allograft is also being used on a large scale in spinal fusion as it eliminates the need for an additional surgical procedure and also eliminates donor site problem such as infection.
Owing to the risk associated with allograft, the use of synthetic bone graft material is gaining popularity in the healthcare industry. Various formulations are available for synthetic products, however, companies are focusing on introducing new formulation for developing synthetic bone graft material.
Soft Tissue Repair Products to be Largely Used in Hospitals
Growth in the number of accidents across the globe is resulting in the rise in a number of accidental injuries and also growth in the soft tissue injury. This is leading to the increasing number of people being admitted in the hospitals. Hence, the methods or techniques for soft tissue repair is being used on a large scale in hospitals. Moreover, the government of different countries are also investing in the development of healthcare infrastructure. This is also resulting in the growth of the global soft tissue repair market.
The report on the global soft tissue repair market by Persistence Market Research offers key insights and forecast on the market for the period 2017–2024. The main objective of this report is to offer update and information on the market and also identify all the opportunities for growth in the global market for soft tissue repair.
The report provides a detailed analysis of the market for the forecast period 2017–2024. The report also offers details on the latest developments in the global soft tissue repair market and how it is affecting the overall growth of the market.
A study sheds light on the performance of the global soft tissue repair market based on the revenue generated in the past and based on the expected revenue to be generated during the forecast period. The report also provides market dynamic including latest trends, market drivers, challenges, and growth opportunities playing an important role in the growth of the global market for soft tissue repair.
The report includes an executive summary on the global soft tissue repair market along with details on its application and adoption of soft tissue repair products across the globe. The report also focuses on all the important factors in the global market for soft tissue repair. The report also provides details on the regulations in various countries. The report also offers details on the weighted average model and trends based on the various regions. All these details help in the decision making process.
The market has also been segmented on the basis of application, product type, end user, and region. All the key segments are further divided into sub-segments, this helps in getting a better understanding of the overall market. The report also provides data on all the segment and sub-segment based on the incremental opportunity, year-on-year growth, revenue, CAGR, market size, and market attractive index. The data is also offered in the form of basis point share.
The report also focuses on all the growth trends playing an important role in the soft tissue repair market. The study provides an outlook on the market for 2017–2024 and also provides details on the expected growth in the global soft tissue repair market.
The report also provides details on all the key regions in the global market for soft tissue repair along with all the factors contributing to the growth of the market in various regions. The report also includes details on the drivers in various regions playing an important role in the market. Key regions included in the report on the global soft tissue repair market are Europe, Latin America, Asia Pacific (APAC), North America, and the Middle East & Africa (MEA).
The report also provides Porter’s five force analysis, market attractiveness analysis, and SWOT analysis. This helps in identifying growth opportunities in the global soft tissue repair market. Market attractiveness index is also provided with the help of market attractiveness analysis, this helps companies to take decisions and plan strategies accordingly. The report also provides a detailed profile on all the leading companies in the global market for soft tissue repair, along with the dashboard view of the companies.