LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global soft tissue repair market is expected to grow at a CAGR of more than 13% during the forecast period.
This research report titled ‘Global Soft Tissue Repair Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
According to Srinivas Sashidhar, a lead analyst at Technavio for medical devices research, “Increase in governmental funds for R&D, the rise in prevalence of chronic diseases, and increased focus of vendors to soft tissue repair products are the major factors driving the demand for soft tissue repair products.”
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The market research analysis categorizes the global soft tissue repair market into three major product segments. They are:
- Cell therapy market
- Tissue scaffold market
- Soft tissue fixation devices and accessories
Global cell therapy market
Cell therapy is a process in which living cells are injected into the body, which helps in restoring the function of a diseased or a damaged organ. Injury in bone and cornea can be treated with cell therapy by grafting or implanting tissue. Many types of somatic and stem cells can be used in cell therapy, which includes embryonic stem cells, adult stem cells and progenitor stem cells, hematopoietic stem cells, and mesenchymal stem cells. These cells are used for therapeutic treatments in dermatology, ophthalmology, and orthopedics. Companies such as Organogenesis and Acelity are developing cell therapy products.
Global tissue scaffold market
The human body has limited regenerative capacity; therefore, tissue engineering is considered as a primary approach to repair the damages in tissues and organs. Biological materials like cells are combined, and tissue scaffolds are developed through tissue regeneration methods. The scaffolds are tissue engineered to provide support for cell adhesion, proliferation, and differentiation that helps in self-healing. Tissue scaffolds are transplanted into a human body for tissue repair or recovery of damaged tissue.
Global soft tissue fixation devices and accessories
Soft tissue fixation devices and accessories include mesh, screws, anchors, soft tissue clinch, and suture devices. These accessories are used for orthopedic, dental, dermatology, and other applications.
Companies such as Zimmer Biomet and NORAKER are developing bioabsorbable soft tissue screws. Manufacturers are also focusing on developing mesh with biological products, which can work as a substitute for human allograft. For instance, Mölnlycke Health Care developed EZ Derm, which is used as a dressing for wound therapy. Pins and wires are used independently or in conjunction with other internal fixation devices like meshes. These internal fixation devices are used for trauma and reconstructive products such as hip replacement and spine surgeries.
“The increase in patient population will increase the use of the procedure which will lead to the growth of the market. The soft tissue fixation devices and accessories market is dominated by Medtronic, Zimmer Biomet, and Smith & Nephew,” says Srinivas.
The top vendors highlighted by Technavio’s healthcare and life sciences market research analysts in this report are:
- Acelity
- Arthrex
- Ethicon
- Medtronic
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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