SOFT TISSUE REPAIR MARKET ANALYSIS

Market Challenges And Opportunities

Global Soft Tissue Repair Market- Driver

Increasing aging population and obesity

Increasing prevalence of obesity is expected to boost growth of the global soft tissue repair market over the forecast period. For instance, according to a report published by World Heath Organization (WHO), in June 2021, Worldwide obesity has almost tripled since 1975. Also, The World Obesity Atlas 2022, published by the World Obesity Federation, predicted that thousand million people globally, including 1 out of 5 women and 1 out of 7 men, will be living with obesity by 2030.

Moreover, rising geriatric population is also expected to support the growth of the global soft tissue repair market. For instance, in May 2022, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.  

Increasing sport-related injuries

Increasing sports injuries such as ankle sprain, hip muscle strain Injuries, tendonitis, bursitis, stress injuries  due to increased interest of sports in youths. For instance, in September 2022, according to report published by National Centre for Biotechnology Information, in recent years, prevalence of achilles tendinopathy has increased, due to the increase in the number of people participating in sports.  A large prospective cohort study founded that the cumulative lifetime incidence of achilles tendinopathy in male runners was more than 50%. Hence, increased participation in sports leads to increase in sports-related injuries, which significantly drives the growth of the overall market.

Rise in cosmetic surgeries

Reconstructive plastic surgery, soft tissue repair items such as tissues and grafts, and suture anchors plays an important role in the development and progress of global soft tissue repair market. In 2020, The American College of Plastic Surgeons successfully released its annual plastic surgery statistics, showing that 1.8 million cosmetic surgeries and 15.9 million minimally invasive cosmetic surgeries were performed in the U.S. in 2020, reporting 1% increase. At the same time, 5.8 million reconstructive surgeries were performed in theU.S Hence, increasing demand for cosmetic surgery is driving the overall market.

Improved reimbursement scenario

The improved reimbursement scenario is expected to drive the market over the forecast period. For instance, according to Arthrex, Inc., a global medical device company and leader in new product development and medical education, in 2023, stated that US$ 653.61 million will be awarded to the injuries of leg (tibia and fibula) and ankle.

Global Soft Tissue Repair Market: Restraint

Side effect associated with improper wound care in soft tissue surgeries

The major factor that can affect the growth of the global soft tissue repair market over the forecast period includes side effects associated with improper wound care after soft tissues surgery. The side effects of improper wound care can be serious and life-threatening. For instance, according to an article published, in April 2021, it was found that in order  to heal the  wound properly, an antibiotic ointment should be spread over wound to keep the it soft and moist, before covering it with a bandage.  If the skin is too dry, the wound may form a scab, which can lead to scarring.

• Side effects associated with improper wound care.