Top Emerging Trends Of Tendon Repair Market Progress Forecast 2030 |Grand View Research, Inc.

Posted by Mrudula Anil Karmarkar on October 11th, 2022

The global tendon repair market size is expected to reach USD 4.0 billion by 2030 and is expected to expand at a CAGR of 7.5% during the forecast period, according to a new report by Grand View Research, Inc. Due to the aging population, increasing demand for minimally invasive procedures, and an increasing number of tendon-related injuries in sports and other events. Tendon injuries are prevalent during sports and physical training.

Soft tissue injuries such as sprains, strains, tendinitis, and contusions are common. These wounds can take a long time to heal, even with good treatment. Furthermore, the market is expected to develop due to the wear and tear of soft tissues in the geriatric population, which is caused by the weakening of connective tissues. Furthermore, as the number of accidents, particularly traffic accidents, rises, the demand for soft tissue procedures, such as tendon restoration, is likely to rise. In addition, one of the most prevalent shoulder ailments is rotator cuff tear. Over the forecast period, it is highly dynamic.

Based on the product, the segment is divided into implants, suture anchor devices, grafts, scaffolds, screws, tendons repair matrix, and others. Due to the high frequency of rotator cuff injuries during exercise, rotator cuff repair had the largest revenue share of 40.4% in 2021 Such injuries are prevalent among athletes and sports players. According to figures published by Great Basin Orthopedics, around 200,000 people in the United States undergo rotator cuff surgery each year. This indicates the market's potential for growth. Furthermore, during the forecast period, the scaffolds category is expected to rise at a lucrative CAGR. Over the forecast period, the market for scaffolds is significantly increased due to increasing technical breakthroughs and product improvements.

Based on the application, the segment is divided into rotator cuff repair, archilles tendinosis repair, cruciate ligament repairs, biceps tenodesis, and others. Due to the increased use of suture anchor devices in repair procedures, the suture anchor devices category accounted for the highest revenue share of 38.7% in 2021. Furthermore, product improvements that enhance the accuracy of these devices move the industry forward. Furthermore, the biceps tenodesis category is expected to increase at the highest rate, with a CAGR of 12.3 % during the projection period. Increased incidence and frequency of injuries, as well as the production or development of novel, innovative, and technologically advanced devices that are both patient-friendly and cost-effective, are expected to boost product adoption and thus market expansion.

In 2021, North America had most of the market. Increased healthcare spending, improved healthcare infrastructure, and an increase in tendon injuries are expected to drive market expansion in the area. Due to the rising frequency of disorders needing tendon repair surgery in different nations across the area, Asia Pacific is expected to be the fastest-growing market during the forecast period, with a CAGR of 8.9 % in 2021.

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The COVID-19 pandemic has had a negative influence on the entire tendon restoration business, with surgical activity being reduced to avoid nosocomial contamination. Many hospitals have placed limits on all non-essential medical procedures as a result of the COVID-19 outbreak. The CDC and the American College of Surgeons (ACS) suggested postponing or canceling non-emergency surgical procedures in March 2020. While this measure was important for social safety, it had a great impact on millions of people around the world.

Tendon Repair Market Report Highlights 

  • The market size is anticipated to be valued at USD 4.0 billion by 2030, owing to the rising geriatric population, increasing demand for minimally invasive procedures, and the growing number of tendon-related injuries in sports and other events
  • The rotator cuff repair segment dominated the market in 2021 with a revenue share of 38.7% owing to the rising geriatric population, increasing demand for minimally invasive procedures, and the growing number of tendon-related injuries in sports and other events
  • Suture anchor devices segment accounted revenue share of 40.4% in 2021, owing to the high incidence of rotator cuff injuries during various physical activities
  • In 2021, North America accounted for the majority share. Asia Pacific is anticipated to grow lucratively in the coming years, at a CAGR of 8.9% during the forecast period owing to the growth in the infrastructure

Furthermore, due to the pandemic scenario in different parts of the world, orthopedic and tendon repair surgeries have been delayed. The COVID-19 pandemic, for example, caused a two-month delay in rotator cuff replacement treatments, according to a report published in JSES International.Multiple tissue injuries are more common in the elderly. According to U.N. by 2050, people over sixty will account for more than 20% of the world population. A rotator cuff injury affects more than 40% of the total population aged sixty and up, according to an article published in the Advances in Orthopedic Surgery journal. Modernization has brought about changes in lifestyle and lack of physical activity, among other things, making the population more vulnerable to musculoskeletal problems and diseases. According to the World Health Organization (WHO) report of 2021, musculoskeletal conditions affect approximately 1.71 billion people worldwide. Low back pain is the most common musculoskeletal condition, affecting 568 million people worldwide.

Tendon rips, fissures, sprains, and tensions have become more common due to the population's sedentary lifestyle. Obesity causes several ailments, the most frequent cardiovascular disease, and osteoarthritis, a degenerative joint condition. Obesity affects almost one billion individuals worldwide, including 650 million adults, 340 million teenagers, and thirty-nine million children. This figure is still rising. According to the World Health Organization (WHO), in 2022, about 167 million children and adults will be overweight or obese by 2030, putting their health at risk.

Extension, partnerships, collaborations, product launches, and acquisitions are among the parameters used to evaluate major deals and strategic partners between companies in the orthopedic industry and the tendon repair market. These tactics are being implemented by players in the tendon repair market and create their product portfolios, offer a varied range of technologically advanced and novel solutions, and expand their customer base. For instance, Arthrex spent USD 100 million in Anderson County in October 2021 to expand its activities, including a production unit, electronic beam, and X-Ray sterilizing facilities.

Some of the prominent players in the global tendon repair market include:

  • Stryker
  • Arthrex, Inc.
  • Medical Device Business Services, Inc.
  • CONMED Corporation
  • Integra LifeSciences
  • Smith+Nephew
  • TendoMed
  • BioPro, Inc
  • Aevumed
  • Alafair Biosciences
  • Amniotics AB
  • Amniox Medical, Inc

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Mrudula Anil Karmarkar

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Mrudula Anil Karmarkar
Joined: July 2nd, 2020
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