MENISCUS REPAIR SYSTEMS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Meniscus Repair Systems Market, By Product Type (All-Inside Repair Devices, Outside-In Repair Devices, Inside-Out Repair Devices, Meniscal Scaffolds, Accessories), By Repair Type (Normal Repair, Radial Repair, Horizontal Repair, Vertical Repair, Complex Repair, Root Repair, Others), By Application (Knee Joint Repair, Shoulder Joint Repair, Hip Joint Repair, Ankle Joint Repair, Elbow Joint Repair, Others), By End User (Hospitals, Ambulatory Surgery Centers, Orthopedic and Sports Clinics, Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published In : Oct 2023
Code : CMI6408
Pages :140
Formats :
Excel and PDF
Industry : Medical Devices

Meniscus Repair Systems Market Size and Trends

The Meniscus Repair Systems Market size is expected to reach US$ 1,539.8 million by 2030, from US$ 858.7 million in 2023, at a CAGR of 8.7% during the forecast period.

The Meniscus Repair Systems Market is segmented by product type, application, end user, and region. By product type, the all-inside repair devices segment accounts for the largest share. All-inside repair techniques are minimally invasive and faster compared to other repair methods. The growing preference for arthroscopic surgeries is fueling the adoption of these all-inside meniscal repair devices.

Meniscus Repair Systems Market Trends:

Shift Towards Outpatient Settings: There is an evident shift in preference from inpatient hospital settings towards outpatient facilities for meniscus repair procedures. Ambulatory surgery centers (ASCs) provide a convenient and cost-effective alternative for relatively straightforward meniscal surgeries. According to studies, patients experience fewer post-operative complications and greater satisfaction with outpatient meniscus repair. ASCs also allow for early patient discharge and mobilization. With healthcare systems moving towards outpatient models, meniscus repair device manufacturers are expected to gain substantial profits from volume growth in ASCs.