Global Soft Tissue Repair Market (2021-2026) by Product, Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Soft Tissue Repair Market is estimated to be USD 10.4 Bn in 2021 and is expected to reach USD 16.9 Bn by 2026, growing at a CAGR of 10.2%.

Market Dynamics

Soft tissue injuries involve damage to muscles, tendons, and ligaments that result in pain and inflammation. The soft tissue repair process is characterized by replacing the injured or damaged tissues with healthy tissues. The current treatment options rely heavily on surgical procedures, which have a low success rate. Therefore, it is imperative to find superior, technologically advanced alternatives such as minimally invasive procedures and rapid healing products. Factors such as lack of substitutes, increase in incidences of soft tissue injuries, increasing participation in sports activities, increasing ageing population and obesity rate and geographic expansion by leading players in developing countries are driving the market. Whereas the high cost of surgical procedures, and limited or lack of reimbursement are restraining factors for the market.

Growing investment potential in emerging markets provides an opportunity for the market but lack of awareness and limited reimbursement policies acts as a challenge to it.

Market Segmentation

The Global Soft Tissue Repair Market is segmented further based on Product, Application And Geography.

By Product, the market is classified into Tissue Patch/Mesh, Fixation Products and Laparoscopic Instruments segments. Amongst all segments, the Laparoscopic Instruments segment is expected to grow at the highest CAGR.

By Application, the market is classified into Hernia Repair, Dural Repair, Vaginal Sling Procedures, Skin Repair, Orthopaedic, Dental and Breast Reconstruction Repair segments. Amongst all, the Hernia Repair segment is expected to contribute the highest growth.

By Geography, North America is projected to lead the market.

Recent Developments

1. Orthocell’s strong cash balance allows the company to progress key regulatory approvals and commercialisation strategy - 4th May 2021
2. CollPlant announces the development and global commercialization agreement with Allergan Aesthetics, an AbbVie company, for rhCollagen in Dermal and Soft Tissue Filler Products - 8th February 2021

Company Profiles

Some of the companies covered in this report are Smith & Nephew PLC, Becton, Dickinson and Company (C.R. Bard), Allergan Plc. (LifeCell Corporation), Athersys, Inc., Wright Medical, CryoLife, Inc., Johnson & Johnson, etc.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Soft Tissue Repair Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market