North America Orthopedic Soft Tissue Repair Market – Industry Trends and Forecast to 2024

  • Orthopedic Devices
  • Published Report
  • Dec 2017
  • North America
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

North America Orthopedic Soft Tissue Repair Market By Product Type (Fixation Devices, Tissue Patch, Laparoscopic Instruments), By Procedure (Anterior Cruciate Ligament (ACL), Rotator Cuff, Vaginal Prolapse, Lateral Epicondylitis, Achilles, Gluteal Tendon), By End User (Hospitals, Ambulatory Center, Orthopedic Clinics), Country (U.S., Canada, Mexico)– Industry Trends and Forecast to 2024

The North America Orthopedic Soft Tissue Repair Market is expected to reach USD 4,665.52 million by 2024, from USD 2,750.59 million in 2016 growing at a CAGR of 6.9% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

The major factors driving the growth of this market are the increasing rate of accident & injuries, growth in aging population and rising healthcare expenditure. On the other hand, lack of awareness may hinder the growth of the market. On the other hand, lack of awareness may hinder the growth of the market. The orthopedic soft tissue repair market in the North America region is leading in U.S.

Market Segmentation: North America Orthopedic Soft Tissue Repair Market

  • The North America orthopedic soft tissue repair market is segmented on the basis of product type, procedure, end user. On the basis of product type, NA orthopedic soft tissue repair market is segmented into fixation devices, tissue patch and laparoscopic instruments. In 2017, fixation devices is expected to dominate the North America orthopedic soft tissue repair market with 52.7% market share and is expected to reach USD 2603.45 million by 2024, growing at the highest CAGR of 7.8% in the forecast period 2017 to 2024.
  • On the basis of procedure, the NA orthopedic soft tissue repair market is segmented into Anterior Cruciate Ligament (ACL), rotator cuff, vaginal prolapse, lateral epicondylitis, Achilles and gluteal tendon. In 2017, ACL is expected to dominate the North America orthopedic soft tissue repair market with 47.5% market share and is expected to reach USD 2,296.11 million by 2024, growing at the highest CAGR of 7.5% in the forecast period 2017 to 2024.
  • On the basis of end user, the North America orthopedic soft tissue repair market is segmented into hospitals, ambulatory center and orthopedic clinics. In 2017, hospitals is expected to dominate the North America orthopedic soft tissue repair market with 46.6% market share and is expected to reach USD 2,322.20 million by 2024, growing at the highest CAGR of 7.9% in the forecast period 2017 to 2024.

Key Drivers: North America Orthopedic Soft Tissue Repair Market

North America orthopedic soft tissue repair market are the increasing rate of accident & injuries, growth in aging population and rising healthcare expenditure are furthermore boosting the growth of the NA orthopedic soft tissue repair market.

Key Points: North America Orthopedic Soft Tissue Repair Market

  • North America orthopedic soft tissue repair market is dominated by Depuy Synthes (J&J), followed by Medtronic, and Smith & Nephew PLC
  • Fixation devices segment is expected to dominate the North America orthopedic soft tissue repair market.
  • The orthopedic soft tissue repair market in the North America region is leading in U.S., Canada, and Mexico. U.S. accounts for the highest market share in this region.

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