Transparency Market Research

Growing Global Geriatric Population to Drive Orthopedic Soft Tissue Market

U.S., Europe and Japan Orthopedic Soft Tissue Surgical Procedures Market (Rotator Cuff Repair, Vaginal Prolapse, Lateral Epicondylitis, Achilles Tendinosis Repair, Gluteal Tendon/Trochanteric Bursitis Repair and Anterior Cruciate Ligament (ACL) Reconstruction): Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020

 

Albany, NY -- (SBWIRE) -- 06/05/2015 -- The orthopedic soft tissue repair market is one of the prime components of the healthcare industry, and deals with injuries concerning the various types of connecting tissues in the body such as tendons, ligaments, and cartilage. It is responsible for the diagnosis, cure, as well as prevention – whenever possible – of soft tissue damage. These tissues are essential for a healthy function of the body's structural and strength-imparting components such as bones and muscles. Virtually any natural action is a result of a collaborative effort between various bones and muscles, and a disorder or injury to the connecting link between bones and muscles leads to a reduction of the effective strength of the individual, regardless of the health of the bones or muscles themselves.

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This explains the link between the growing geriatric population all over the world and the orthopedic soft tissue repair market. With age, bones as well as connecting tissues weaken as a natural effect of the lifelong wear and tear. It also stiffens joints, the cumulative effect of which is an increased stress placed on the body's structural components and more risk of damage. As a result, the increasing geriatric population worldwide is a major driver for the orthopedic soft tissue repair market. Sports injuries are the other major factor propelling the growth of the market. According to the Center for Disease Control and Prevention (CDC), around 2 million sports injuries occur in the U.S. every year, leading to about 30,000 hospitalizations.

ACL Reconstruction: Most Common Type of Soft Tissue Repair Procedure

The orthopedic soft tissue repair market is divided into categories according to type of surgery into the following segments:

Achilles tendinosis repair
Rotator cuff repair
Vaginal prolapse
Lateral epicondylitis
Gluteal tendon repair
Anterior cruciate ligament (ACL) reconstruction

Of these, the segment of ACL reconstruction holds the major share in the orthopedic soft tissue repair market. According to 2013 numbers, about 30% of soft tissue repair procedures were ACL reconstructions. The high cost of ACL treatment also contributes to the high share of the procedure, revenue-wise. The anterior cruciate ligament connects the femur, or thigh bone, to the tibia, or shin bone; it is situated almost exactly behind the knee cap. ACL injuries are common in sports, particularly ones that include a combination of heavy legwork and contact between players, such as soccer or rugby.

Rotator cuff surgeries are expected to become increasingly common, with the market for the procedure expected to rise at a moderate CAGR from 2014 to 2020. The rotator cuff is responsible for supporting the shoulder joint.

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The U.S. to Maintain Top Position among Geographical Segments

Geographically, the orthopedic soft tissue repair market is divided into three categories, viz. the U.S., Europe, and Japan. Of these, the U.S. holds a dominant share in the market. The increasing standards and penetration of healthcare in the region, leading to a high geriatric population, and popularity of numerous sports, are considered to be the main causes behind the U.S.'s dominance. Increasing obesity in the U.S. is also considered to be a significant contributor to the U.S. orthopedic soft tissue repair market; obesity puts excessive load on joints and connecting tissues that aren't strengthened sufficiently to deal with it. This, naturally, weakens the joints over time, leading to an increased risk of damage.

Preference for Minimally Invasive Surgeries to Drive Orthopedic Soft Tissue Repair Market

With growing innovation, more sophisticated and less intensive ways of performing soft tissue repair procedures are being formulated more frequently than ever. This fits in well with the general trend among patients of favoring minimally invasive surgeries. Research and development into these channels is an excellent opportunity emerging in the orthopedic soft tissue repair market.

The lack of such procedures at present means that many patients are opting for conservative treatment for soft tissue damage instead of surgeries. This is a major restraint to the market.

Major Players in the Orthopedic Soft Tissue Repair Market

The soft tissue repair market around the world is dominated by companies such as Arthrex, Inc., ArthroCare Corporation, Stryker Corporation, etc.

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