Tendon repair is surgery conducted to treat a torn and damaged tendon. The damaged area may feel weak or painful. Tendons are soft, band-like tissues that connect muscles to bone. When the muscles contract, the tendons pull the bones and cause the joints to move. When tendon damage occurs, movement may be seriously limited. Tendon injury may occur in the body where tendons are present. The joints that are most commonly affected by tendon injuries are the shoulders, elbows, ankles, thighs, knees, and fingers. According to the American Academy of Orthopedic Surgeons, “jersey finger” is one of the most common sports injuries affecting the tendons. Tendon damage can also occur in rheumatoid arthritis, an inflammatory disease of the joints. Rheumatoid arthritis can involve the tendons, causing them to tear.
Tendon damaged is treated by tendon repair surgeries. Tendon repair is done to bring back normal movement to a joint. In tendon repair surgery, a surgeon will make one or more small incisions (cuts) in the skin over the damaged tendon, sew the torn ends of the tendon together, check the surrounding tissue to make sure no other injuries, such as injury to the blood vessels or nerves have occurred, and then then close the incision and cover the area with sterile bandages or dressings. If there isn’t enough healthy tendon to reconnect, the surgeon may perform a tendon graft using a piece of tendon from another part of the body. It may be from the foot or toe, for example. On occasion, a tendon transfer (moving a tendon from one area to another) may be useful in restoring function. After tendon repair surgery, surgeon will suggest to immobilize or splint the joint to allow the tendon to heal.
Major factors driving growth of the tendon repair market include increase in geriatric population, rise in sports-related injuries such as sprains, strains, tendinitis, contusions, surge in incidences of tendon and wrist injuries, and increase in interest in other workouts and physical activities among children and adults. For instance, according to a John Hopkins Medicine article, 30 million individuals participate in organized sports, resulting in more than 3.5 million sports injuries annually in the U.S. alone, with sprains and strains.
Numerous diseases, including the most common cardiovascular disease, osteoarthritis, a degenerative joint disorder, are caused due to obesity. Obesity affects almost one billion individuals worldwide, including 650 million adults, 340 million teenagers, and 39 million children that are more prone to tendon injuries. For instance, according to the World Health Organization (WHO), in 2022, about 167 million children and adults will be overweight or obese by 2025, putting their health at risk.
Moreover, surge in accidents causes soft tissue injuries, particularly road accidents lead to increase in number of tendon repair surgeries, thus fueling the growth of the tendon repair market. For instance, according to the WHO 2018 fact sheet, road accidents cause around 20.0 to 50.0 million injuries annually worldwide. According to Accident and Emergency (A&E) statistics, 24.8 million sports injuries were recorded in 2019, an increase of 2% compared with 2018.
Furthermore, increase in demand for minimally invasive procedures propels the adoption of tendon repair product. In addition, technological advancements; launch of various products; strategies among key players such as acquisition, collaboration, and agreement drive the growth of the tendon repair market. For instance, in January 2021, Smith & Nephew Company acquired the extremity orthopedic business. This acquisition helped Smith & Nephew’s idea to invest in growing segments and extended product portfolio of orthopedic segment.
However, lack of acceptance for biological products and lack of appropriate knowledge regarding products among physicians and surgeon limit the market growth. Stricter regulatory standards, and high cost for tendon repair products also restrain the market growth.
Furthermore, healthcare business is predicted to witness growth, owing to rise in prevalence of tendonitis and obesity, increase in R&D investments in drug discovery & development, and rise in awareness regarding physical fitness and workout. This is anticipated to offer remunerative opportunities for key players to invest in the market during the forecast period.
The tendon repair market is segmented on the basis of product type, application, end user, and region. On the basis of product type, the market is classified into implants, suture anchor devices, grafts, screws and others. By application, the market is segregated into foot and ankle tendon repair, flexor and extensor tendon repair, rotator cuff tendon repair and others. Depending on end user, it is segmented into hospitals and clinics, and ambulatory surgery centers. The tendon repair market is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and Rest of LAMEA)
Major players profiled in the report are Aevumed, Inc., Alafair Biosciences, Inc., Arthrex Inc., BioPro Inc., ConMed Corporation, Integra Lifesciences, Johnson & Johnson, Smith & Nephew, Stryker, TendoMend.
Tendon damaged is treated by tendon repair surgeries. Tendon repair is done to bring back normal movement to a joint. In tendon repair surgery, a surgeon will make one or more small incisions (cuts) in the skin over the damaged tendon, sew the torn ends of the tendon together, check the surrounding tissue to make sure no other injuries, such as injury to the blood vessels or nerves have occurred, and then then close the incision and cover the area with sterile bandages or dressings. If there isn’t enough healthy tendon to reconnect, the surgeon may perform a tendon graft using a piece of tendon from another part of the body. It may be from the foot or toe, for example. On occasion, a tendon transfer (moving a tendon from one area to another) may be useful in restoring function. After tendon repair surgery, surgeon will suggest to immobilize or splint the joint to allow the tendon to heal.
Major factors driving growth of the tendon repair market include increase in geriatric population, rise in sports-related injuries such as sprains, strains, tendinitis, contusions, surge in incidences of tendon and wrist injuries, and increase in interest in other workouts and physical activities among children and adults. For instance, according to a John Hopkins Medicine article, 30 million individuals participate in organized sports, resulting in more than 3.5 million sports injuries annually in the U.S. alone, with sprains and strains.
Numerous diseases, including the most common cardiovascular disease, osteoarthritis, a degenerative joint disorder, are caused due to obesity. Obesity affects almost one billion individuals worldwide, including 650 million adults, 340 million teenagers, and 39 million children that are more prone to tendon injuries. For instance, according to the World Health Organization (WHO), in 2022, about 167 million children and adults will be overweight or obese by 2025, putting their health at risk.
Moreover, surge in accidents causes soft tissue injuries, particularly road accidents lead to increase in number of tendon repair surgeries, thus fueling the growth of the tendon repair market. For instance, according to the WHO 2018 fact sheet, road accidents cause around 20.0 to 50.0 million injuries annually worldwide. According to Accident and Emergency (A&E) statistics, 24.8 million sports injuries were recorded in 2019, an increase of 2% compared with 2018.
Furthermore, increase in demand for minimally invasive procedures propels the adoption of tendon repair product. In addition, technological advancements; launch of various products; strategies among key players such as acquisition, collaboration, and agreement drive the growth of the tendon repair market. For instance, in January 2021, Smith & Nephew Company acquired the extremity orthopedic business. This acquisition helped Smith & Nephew’s idea to invest in growing segments and extended product portfolio of orthopedic segment.
However, lack of acceptance for biological products and lack of appropriate knowledge regarding products among physicians and surgeon limit the market growth. Stricter regulatory standards, and high cost for tendon repair products also restrain the market growth.
Furthermore, healthcare business is predicted to witness growth, owing to rise in prevalence of tendonitis and obesity, increase in R&D investments in drug discovery & development, and rise in awareness regarding physical fitness and workout. This is anticipated to offer remunerative opportunities for key players to invest in the market during the forecast period.
The tendon repair market is segmented on the basis of product type, application, end user, and region. On the basis of product type, the market is classified into implants, suture anchor devices, grafts, screws and others. By application, the market is segregated into foot and ankle tendon repair, flexor and extensor tendon repair, rotator cuff tendon repair and others. Depending on end user, it is segmented into hospitals and clinics, and ambulatory surgery centers. The tendon repair market is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and Rest of LAMEA)
Major players profiled in the report are Aevumed, Inc., Alafair Biosciences, Inc., Arthrex Inc., BioPro Inc., ConMed Corporation, Integra Lifesciences, Johnson & Johnson, Smith & Nephew, Stryker, TendoMend.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the tendon repair market analysis from 2021 to 2031 to identify the prevailing tendon repair market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the tendon repair market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global tendon repair market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Implants
- Suture anchor devices
- Grafts
- Screws
- Others
By Application
- Foot and ankle tendon repair
- Flexor and extensor tendon repair
- Rotator cuff tendon repair
- Others
By End User
- Hospitals and clinics
- Ambulatory surgery centers
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest Of Asia Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Stryker Corporation
- Arthrex, Inc.
- Medical Device Business Services, Inc.
- CONMED Corporation
- Integra LifeSciences Holdings
- Smith+Nephew
- TendoMed
- BioPro, Inc
- Aevumed
- Alafair Biosciences
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: TENDON REPAIR MARKET, BY PRODUCT TYPE
CHAPTER 5: TENDON REPAIR MARKET, BY APPLICATION
CHAPTER 6: TENDON REPAIR MARKET, BY END USER
CHAPTER 7: TENDON REPAIR MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Tendon Repair Market," the tendon repair market size was valued at $1.8 billion in 2021, and tendon repair market size is estimated to reach $3.2 billion by 2031, growing at a CAGR of 6.2% from 2022 to 2031.Tendon repair refers to the surgical repair of damaged or torn tendons, which are cord-like structures made of strong fibrous connective tissue that connect muscles to bones. Tendons are cable-like tissues that connect muscles to bones. Although one of their functions is to take some of the strain off the muscles, too much activity can injure them. The shoulder, elbow, knee, and ankle joints are most commonly affected by tendon injuries. Tendon repair surgeries are preferred for the treatment of tendonitis. Tendinitis occurs when a tendon becomes irritated or inflamed. This can happen through a sudden injury, but it most commonly occurs due to the impact of a minor, repetitious movement. The symptom of tendinitis is pain with any type of movement of the joint especially overhead motions. In few cases, pain is observed during sleep and early morning hours.
Tendon injury mostly occurs during hard physical work out such as rowing, heavy weight lifting, occupation activities such as window washing, wood work, some assembly line works and sports activities such as football, basketball, pedal cycling, soccer, ice or roller skating, and skateboarding. Artificial muscles and tendons for knee, ankle, and tendon reinforcement will also become increasingly popular due to a growing propensity for minimally invasive procedures, government activities to raise awareness about sports injuries, and developments in surgical methods. Surgical tendon restoration was frequently viewed as the last choice by both patients and doctors.
Tendinitis can affect people of any age, especially if they perform a repetitious movement on a regular basis. However, the vast majority of cases occur in people who are at least 40 years old. Elderly individuals have the biggest risk of suffering from chronic tendinitis due to the reduced elasticity in their tendons. Therefore, it is necessary for family caregivers to take complaints about painful tendons seriously so that the afflicted person can take restorative action right away. Therefore, the rise in geriatric populations is witnessing of the market growth. For instance, according to the Population Reference Bureau, in July 2019, the number of Americans aged 65 years, or more is projected to double from an estimated 52 million in 2018 to 95 million by 2060.
Growth of the tendon repair industry is majorly driven by rise in geriatric population, surge in number of patients suffering from tendonitis, rise in physical exercise among children and adults, increase in interest of professional sports, and surge in number of athletes that are prone to tendon injury. Furthermore, the increase in number of road injuries related to the sprains in the tendons is expected to drive market growth. Globally, the tendon repair market is witnessing significant growth, owing to increase in prevalence of acute tendon inflammation and obesity in different regions of the world. In addition, rise in R&D investments in drug discovery and development and rise in occupation related injury boost the tendon repair market trends.
For instance, according to National Library of Medicine, during the 10-year study period there was an incidence rate of 33.2 injuries per 100,000 person-years. Work-related injuries accounted for 24.9% of acute traumatic tendon injuries. Out of total work-related injuries, occurred in construction and extraction occupations (44.2%), food preparation and serving related occupations (14.4%), and transportation and material moving occupations (12.5%).
For instance, according to Accident and Emergency (A&E) statistics, 24.8 million sports injuries were recorded in 2019, an increase of 2% compared with 2018. According to the American Hospital Association, currently, there are around 6,146 community hospitals in the United States. Furthermore, the increasing number of road injuries related to the sprains in the tendons is expected to drive market growth.
For instance, according to the WHO 2018 fact sheet, road accidents cause around 20.0 to 50.0 million injuries annually worldwide.
Thus, above-mentioned factors are anticipated to fuel adoption of tendon repair products. Furthermore, the market is highly competitive in nature, with major players focusing on creating awareness regarding tendon repair procedures and product. Major players in the tendon repair market host exhibition and seminars to display and promote use of tendon repair for diverse medical applications.
In addition, discovery and development; launch of various products; and strategies among key players such as acquisition, collaboration, and agreement drive the tendon repair market. For instance, in June 2022, ConMed acquired the In2Bone who is a global developer, manufacturer and distributor of orthopedic medical devices. This acquisition extends product portfolio, sales channel and experienced leadership team of ConMed Corporation.
However, the sales of tendon repair product have witnessed hindrances, owing to the strict government regulations. The high cost of the tendon repair procedures is expected to impede the market growth. On the contrary, surge in healthcare investments in public as well as private sectors, increase in patient population, and unmet medical demands in developing economies in mostly countries are anticipated to open new avenues for expansion of the tendon repair market during the forecast period.
Depending on product type, the suture anchor devices segment was the highest revenue contributor in the global market in 2021, owing to increase in orthopedic injuries in geriatric population. The others segment is expected to witness highest CAGR during the forecast period owing to increase in accident cases causes tendon damaged injuries lead to high adoption of tendon repair products.
On the basis of application of tendon repair, the rotator cuff tendon repair segment generated maximum revenue in 2021, owing to increase in sports injuries, and increase in repetitive stress of shoulder in occupation of carpenters and painters. The foot and ankle tendon repair segment is expected to witness highest CAGR during the forecast period, owing to rise in physical exercise among children and adults, increase in interest of professional sports, and increase in number of athletes that are prone to foot and ankle tendon repair.
On the basis of end user, the hospitals and clinics segment were the highest revenue contributor to the market in 2021, owing to factors such as well-equipped operation theatre, higher buying power and rise in patient admission. The ambulatory surgery centers segment is expected to witness highest CAGR during the tendon repair market forecast period, owing to surge in number tendon repair surgeries and increase in availability of technically skilled nurses for private practices
On the basis of region, North America generated higher revenue in 2021, owing to strong presence of key players, and availability of approved therapeutics with higher adoption of tendon repair products. Asia-Pacific is expected to witness highest CAGR during the forecast period owing to rise in geriatric population and launch of various products in the region to fulfill the growing demands.
Key Findings of the Study
- By product type, the suture anchor devices segment held the largest tendon repair market share in 2021.
- By application, the rotator cuff tendon repair segment held the largest share in the tendon repair market analysis in 2021.
- By end user, the hospitals and clinics segment held the largest market share in 2021.
- By region, North America held the largest market share in tendon repair industry in 2021.
Companies Mentioned
- Stryker Corporation
- Arthrex, Inc.
- Medical Device Business Services, Inc.
- Conmed Corporation
- Integra Lifesciences Holdings
- Smith+Nephew
- Tendomed
- Biopro, Inc
- Aevumed
- Alafair Biosciences
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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