Pune, India -- (SBWIRE) -- 11/13/2018 -- The main objective of this report is to define, describe, and forecast the global "Soft Tissue Repair" market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market. According to report the global soft tissue repair market is projected to grow at a CAGR of 7.6% over the forecast period of 2018-2024.

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Global Soft Tissue Repair Market: North America has amassed the growth in Soft Tissue Repair Market

The global Soft Tissue Repair market has been dominated by the North America region over the historic period 2015-16 followed by Europe.

Increasing number of surgeries coupled with favorable reimbursement policies, presence of advanced healthcare infrastructure coupled skilled physicians and presence of key vendors in the region are the prime factor responsible for the growth of Soft Tissue Repair market in this region.

Growing healthcare spending by government, increasing awareness and growing patient pool are anticipated to boost the market for Soft Tissue Repair.

New product development to boost the growth in Soft Tissue Repair Market

Increasing number of new product development and launch is one of the recent trends in the global Soft Tissue Repair market. Moreover, this trend is further anticipated to drive the global Soft Tissue Repair market over the forecast period.

Moreover, new products such as biological grafts and gaining market potential owing to benefits like reducing recovery period and minimal complications regarding rejection.

Increasing number of surgeries

Increasing number of surgeries with growth in aging population is the key factor responsible for the growth of global Soft Tissue Repair market.

Moreover, the rise in the number of surgeries such as orthopedic, tissue reconstruction and cardiovascular surgeries owing to adoption of patched/mesh and increasing patient pool.

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Leading vendors in the market are concentrating on increasing R&D activities and expansion to maintain their market penetration which is anticipated to bring more opportunities and chances of growth.

The leading companies identified in the market as C.R Bard, Inc., Smith & Nephew plc, Wright Medical Group, Inc., Lifecell Corporation, Ethicon US, LLC., Arthrex, Inc., Lifenet Health, Inc., Medtronic plc, Integra Lifesciences Corporation and American Medical Systems Inc..

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