SOFT TISSUE REPAIR MARKET ANALYSIS

Market News

Global Soft Tissue Repair Market: Key Developments

On January 5, 2023, Zimmer Biomet Holdings, Inc., a medical technology company, entered into an agreement to acquire Embody, Inc., a medical device company focused on soft tissue healing. This acquisition will advance the active portfolio management strategy and align with the focus on acquiring tech and products in fast-growing sub-markets that will be accretive to overall growth of the global soft tissue repair market.

In February 2022, Johnson & Johnson Private Limited, a medical device company, acquired CrossRoads Extremity Systems, a Tennessee-based foot and ankle company that provides a broad range of procedure-specific, sterile-packed implants and instrumentation systems cleared for lower extremity indications.

In December 2022, Stryker, a medical device and equipment manufacturing company, announced the launch of Citrefix, a suture anchor system that uses the company’s Citregen material designed to mimic the chemistry and structure of native bone to support bone regeneration and natural healing.

In August 2022, CONMED Corporation, a orthopedic products manufacturing company, announced a definitive agreement to acquire privately held Biorez, Inc., a medicine company focused on the development of tendon and ligament healing to advance the healing of soft tissue using its proprietary BioBrace Implant technology.

The increasing adoption of organic growth strategies like product launch and inorganic strategies like company acquisition is expected to drive the global soft tissue market in the forecast period by increasing the opportunities for new players in the market.