Latin America Soft Tissue Repair Market worth USD 2.07 billion by 2022.
Posted by rohan on March 5th, 2018
Latin America Soft Tissue Repair Market Size is anticipated to grow at a 7.84% CAGR from 2017 to 2022 and it is estimated that the Latin America market was valued at USD 1.42 billion in 2017 and is relied upon to achieve USD 2.07 billion by 2022.Soft tissue repair is a technique for restoring functions of damaged or injured tissues such as ligaments, muscles, and other tissues. Soft tissue repair can be accomplished through surgical meshes such as allografts, xenografts, alloplasts and synthetic.
The major factors driving the market are the rise in the count of geriatric population, obesity and growing awareness for the treatment of tissue injuries. Moreover, rising incidences of sports related injuries and rising healthcare expenditure, are other factors that are likely to fuel the market growth. However, the high cost of treatment, lack of expertise, and an ambiguous reimbursement scenario are likely to curtail the market growth. Primary factors driving the growth of the global soft tissue repair market are increasing disposable income and changing lifestyles among populations in developing economies. Moreover, a rise in the geriatric population, increasing hernia repairs, and growing incidence of breast cancer are factors driving demand for wound care and soft tissue repair products globally. However, ethical concerns arising from cultural aversion towards the use of tissue from human cadavers and stringent regulations for biological meshes are expected to hamper the growth of the global soft tissue repair market.
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Latin America Soft Tissue Repair Market Segmentation by Product and Application. On the basis of Product, it is segmented into Mesh/Tissue patch, Allograft, Xenograft, Suture Anchor, Interference Screws and Laparoscopic Instruments. The tissue fixation products market is the most profitable market for soft tissue repair market by product as its capability to preserve tissue from decomposing and an increase in the mechanical strength of the tissue. On the basis of Application, it is segmented into Hernia, Dural, Orthopedic, Skin, Dental, Vaginal and Breast augmentation. An increase in the participation of youth in sports is one of the key driving factors of soft tissue repair market.
Latin America Soft Tissue Repair Market geographical segmentation by Argentina, Brazil and Mexico. An increase in the disposable income and changing lifestyles among populations in developing economies, increasing hernia repairs, growing incidence of breast cancer and an increase in the treatment option for aging especially for geriatric population and minimally invasive procedures drive the market growth of soft tissue repair.
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The major Latin America Soft Tissue Repair Market leaders are LifeCell Corporation, Organogenesis, C.R. Bard Inc., Johnson & Johnson, Covidien plc, Arthrex Inc., Smith & Nephew plc, Integra Lifesciences Corporation, Wright Medical Technology, and Stryker Corporation.
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About the Authorrohan
Joined: September 20th, 2017
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