Technavio Announces the Publication of its Research Report Global Orthopedic Soft Tissue Repair Devices Market 2017-2021
Technavio recognizes the following companies as the key players in the global orthopedic soft tissue repair devices market: Arthrex, Stryker, and Zimmer Biomet Other Prominent Vendors in the market are: AlloSource, RepliCel, Orteq, CellGenix, Collagen Solutions, Vericel Corporation, BioTissue, Geistlich, Tornier, XTANT MEDICAL, TEIJIN, and Parcus Medical.Commenting on the report, an analyst from Technavios team said: The latest trend gaining momentum in the market is Strategic partnerships and collaboration activities. The orthopedic soft tissue repair devices market is characterized by the presence of many vendors, leading to intense competition.
Hence, it becomes necessary for vendors to make strategic partnerships with medical universities and other manufacturing companies for product development and thereby, maintain their market shares.
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According to the report, one of the major drivers for this market is Increasing incidence of road and sports injuries. Globally, road injuries are increasing.
Such injuries can damage soft tissues.
According to the CDC in 2016, each year, an average of 20-30 million people is injured and disabled by road accidents. The cost of road injuries was estimated to be $518 billion per year.
It also stated that the US, New Zealand, Canada, France, Japan, and Germany have seen a large number injuries and deaths due to road injuries.
Further, the report states that one of the major factors hindering the growth of this market is High cost of and failure rate in clinical trials. Most vendors conduct clinical trials in developed countries such as the US, the UK, Germany, France, Japan, Singapore, and South Korea.
The cost of clinical trials and product launches can be very expensive in these regions. Most of the small vendors or start-up biotech companies seek government or private funding, which may be limited.
The estimated cost of orthopedic soft tissue repair products such as cell therapy-based products from clinical development stage to commercialization can cost up to $1.5 billion to the company.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.About Orthopedic Soft Tissue Repair Devices
Orthopedic soft tissues are masses of cells that connect, support, or surround bones. Orthopedic soft tissues can include tendons, ligaments, cartilage, fascia, skin, fat, and other fibrous tissues.
Accidents, injuries, or degeneration of these tissues with age can result in wear and tear. Tissue damage can be repaired using orthopedic soft tissue repair devices.
The repair of orthopedic soft tissues is done either by open surgical procedures or through minimally invasive (MI) procedures, such as arthroscopy.
The treatment of orthopedic soft tissue damage has evolved in the past decade. Reparative and restorative methods have been developed to address the cases of morbidity in young and active individuals.
An injury can be focal or diffused. Procedures are being developed not only to alleviate the symptoms associated with soft tissue damage but also to limit the progression of damages into degenerative diseases.
Technavios analysts forecast the global orthopedic soft tissue repair devices market to grow at a CAGR of 10.32% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global orthopedic soft tissue repair devices market for 2017-2021. To calculate the market size, the report considers the sales, value, retrofit, and replacement of the global orthopedic soft tissue repair devices market.The market is divided into the following segments based on geography:
EMEATechnavio's report, Global Orthopedic Soft Tissue Repair Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
Know more about report at marketreportscenter.com/reports/55…-market-2017-2021
Other prominent vendors
Increasing incidence of road and sports injuries
For a full, detailed list, view our report Market challenge
High cost of and failure rate in clinical trials
For a full, detailed list, view our report Market trend
Strategic partnerships and collaboration activities
For a full, detailed list, view our report Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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