Transparency Market Research Report Added "U.S., Europe and Japan Orthopedic Soft Tissue Surgical Procedures Market: Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020"
Albany, NY -- (SBWIRE) -- 05/18/2017 -- Transparency Market Research has published a new market study on the U.S., Europe, and Japan orthopedic soft tissue surgical procedures market for the 2014-2020 period. According to the findings of the report, this market will reach a valuation of US$10.2 bn by 2020, increasing from US$7.3 bn in 2013 at a CAGR of 4.90% therein. The detailed analysis of this market for the aforementioned forecast period is presented in the report, titled "U.S., Europe and Japan Orthopedic Soft Tissue Surgical Procedures Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020."
Orthopedic soft tissue repair is a medical discipline that involves the diagnosis and treatment of injured tendons, ligaments, and muscles. Soft tissue injuries usually occur among adults due to trauma, wearing out of the tendons and ligaments, and during sports or recreational activities. Repetitive movements during sports, leading to the thinning of muscles over time, could ultimately lead to soft tissue injury.
In the U.S., Europe, and Japan, a high incidence of sports injuries is one of the foremost reasons increasing the demand for orthopedic soft tissue surgical procedures. As per statistics from the Centers for Disease Control and Prevention (CDC), 2 million sports injuries, 50,000 doctor visits, and 30,000 hospitalizations occur in the U.S. every year. The developed regions of Europe and North America, which have the highest percentage of geriatric population, hold promise for this market's growth. This geriatric pool, which will expand at an increased rate in the future, will display a high demand for surgical intervention procedures, as per the United Nations.
In addition, the growing trend of minimally invasive injuries and advancements in orthopedic surgical products will augur well for the development of the U.S., Europe, and Japan soft tissue surgical procedures market. However, factors such as the asymptomatic behavior of soft tissue injuries such as achilles and lateral epicondylitis and anterior cruciate ligament rupture, and the treatment of these injuries through conventional therapies would limit the market's growth.
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Based on indication, the U.S, Europe, and Japan market for orthopedic soft tissue surgical procedures is divided into gluteal tendon repair, anterior cruciate ligament (ACL) reconstruction, Achilles tendinosis repair, lateral epicondylitis, vaginal prolapse, and rotator cuff repair. Among these, in 2013, the ACL reconstruction segment held the largest share and is expected to retain its dominance until the end of the forecast period.
The growing interest and participation in sports such as football, basketball, and gymnastics have bolstered the demand for ACL reconstruction. The introduction of bio-absorbable devices and implants will further lead to a strong growth of this segment in the future. Gluteal tendon repair will hold the smallest share of the market due to the utilization of non-surgical means such as steroid injections and painkillers for treatment purposes.
Geography-wise, in 2013, the U.S. stood as the leading market for orthopedic soft tissue surgical procedures and is expected to maintain its lead in the future.
Some of the leading companies in the U.S., Europe, and Japan orthopedic soft tissue surgical procedures market are DePuy Synthes Inc., CONMED Corporation, Stryker Corporation, Arthrex Inc., Arthrocare Corporation, Smith & Nephew plc, and Biomet Inc.
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