Global Tendon Repair Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028.
Tendon refers to a cord of strong, flexible connective tissue. Tendons connect muscles and bones. Further, Tendon repair is a surgical procedure performed to treat a torn and damaged tendon. Different devices such as Implants, Suture anchor devices, Grafts, Scaffolds, and Screws are utilized for treatment of Tendon. The increasing incidences of tendinitis and related disorders and rising prevalence of musculoskeletal conditions as well as Strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, according to World Health organization (WHO) estimates - as of 2022, approximately 1.71 billion people are affected by musculoskeletal conditions worldwide. Further, high-income countries are the most affected in terms of number of people witnessing for around 441 million, followed by countries in the WHO Western Pacific Region with 427 million cases and South-East Asia Region with 369 million cases. Moreover, as per The Health and Safety Executive (HSE) (Britain's national regulator for workplace health and safety) estimates - during the period of 2020-21 total incidences of work-related musculoskeletal disorders was estimated at 470,000, witnessing a prevalence rate of 1,420 per 100,000 workers. In addition, it includes 212,000 cases where the upper limbs or neck was affected, 182,000 where the back was affected and 76,000 where the lower limbs were affected. Furthermore, leading market players are coming up with innovative products to leverage the growing demand for Tendon repair devices. For instance, in September 2021, Stryker's Trauma & Extremities division unveiled a new Citrelock? Tendon Fixation Device System. This new system offers surgeons a differentiated design via a tendon thread featuring a resorbable technology, called as Citregen?, that offers unique chemical and mechanical properties for orthopaedic surgical applications. Also, growing number of geriatric individuals coupled with increasing emergence of sports and gym related injuries are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a dearth of skilled professionals and high cost associated with tendon repair surgeries impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Tendon Repair Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing incidences of sports related injuries and presence of leading market players. Whereas, Asia pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of the healthcare sector and increasing prevalence of musculoskeletal conditions, would create lucrative growth prospects for the Tendon Repair Market across the Asia Pacific region.
Major market players included in this report are:
Medical Device Business Services, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type
Suture anchor devices
Tendons repair matrix
Rotator cuff repair
Archilles tendinosis repair
Cruciate ligament repairs
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period: 2022 to 2028
Target Audience of the Global Tendon Repair Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers