Tendon Repair market to be dominated by rise in healthcare expenditure made by people of United States through 2028.
Increase in adoption of regenerative medicines
and growing demand for outpatient procedures are the major drivers for the United States Tendon Repair Market.
According to TechSci Research report, “United
States Tendon Repair Market – By Region, Competition, Forecast and
Opportunities, 2028”, the United States tendon repair market is anticipated
to register a high CAGR during the forecast period. This can be ascribed to advancements
in medical procedure to carry out tendon repairment and several lifestyle
changes taking place among people of the country which is leading to the
development of obesity in them.
The growing demand for regenerative medicines
is indeed a significant driver of the United States tendon repair market.
Regenerative medicine refers to a field of medical science that focuses on
restoring the structure and function of damaged tissues and organs through the
use of advanced therapies and materials. One of the key regenerative medicine
techniques used in tendon repair is the use of stem cells. Stem cells have the
ability to differentiate into various cell types, including tendon cells, and
can be injected into the injured area to stimulate tissue regeneration. Another
regenerative medicine technique employed in tendon repair is the use of growth
factors and biomaterials. Growth factors are naturally occurring substances
that can stimulate cell proliferation and tissue regeneration. When combined
with biomaterials, such as scaffolds or matrices, they can provide a supportive
environment for tendon cell growth and facilitate the healing process.
Growing demand for outpatient procedures is
another major factor which is expected to propel the growth of the United
States Tendon Repair market in the forecast period. Advances in anesthesia and
pain management have made outpatient procedures more feasible for a wide range
of patients. The development of regional anesthesia techniques, such as nerve
blocks, allows for effective pain control during and after tendon repair
surgery. Moreover, improvement in rehabilitation protocols with an emphasis on
early mobilization and personalized therapy plans have increased the demand for
outpatient procedure of tendon repair surgeries in the country. Moreover,
increase in healthcare expenditure of the country which is making the medical
services more accessible to them including tendon repair procedures are
expected to register a lucrative growth in the United States tendon repair market
in the forecast period. Furthermore, various type of lifestyle changes which
are adopted by people such as consumption of unhealthy diet and physical
inactivity are leading to the development of obesity in them. Obesity places a
greater mechanical load on the tendons due to the increased body weight. This
additional weight can overload the tendons and lead to excessive strain during
movement, especially in weight-bearing areas such as the knees, ankles, and
feet. Proper management of these tendon-related problems require tendon repair
surgeries which is further expected to drive the growth of United States tendon
repair market in the forecast period.
However, lack of reimbursement policies and
high price of soft tissue repair products along with rising cost of surgical
procedures are expected to slow down the growth of the market in the coming
years.
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The segmentation of the United States tendon
repair market is based on product, ventilation mode/interphase, region, and
company.
Based on ventilation mode/interphase, the
market is segmented into implants, suture anchor devices, grafts,
matrix/scaffolds, screws, and others. Based on matrix/scaffolds, the market is
further segmented into tendon repair and tendon protection matrix/scaffolds. Suture
anchor devices are likely to dominate the market in the forecast period. This can be ascribed to the
increasing use of anchor devices in tendon repair surgeries. They are a primary
choice in arthroscopy procedures due to their higher strength.
Some of the major companies operating in the United
States tendon repair market include:
- Stryker
Corporation
- Arthrex Inc.
- CONMED
Corporation
- Integra
Lifesciences Corporation
- Smith &
Nephew plc.
- TendoMend Ltd.
- Alafair
Biosciences, Inc.
- MiMedx Group Inc.
- Amphastar Pharmaceuticals, Inc.
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“Certain regions such as Mid-West region are
expected to dominate the demand for tendon repair in the United States due to
growing number of tendon repair procedures. Increase in number of companies
manufacturing medical devices in the country are leading to the inculcation of
more innovative properties in these devices which are capable of carrying out
tendon repair surgeries efficiently. Certain benefits associated with these
innovations which are making the surgeries minimally invasive and less time
consuming are further expected to register an impressive growth of the United
States tendon repair market in the forecast period. Moreover, increase in funds
provided by the government for research and development in the field of
orthopedics under healthcare sector of the country is expected to propel the
growth of United States tendon repair market in the futuristic period,"
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based Global management consulting firm.
“United States Tendon Repair Market By
Product (Rotator Cuff Repair, Achilles Tendinosis Repair, Cruciate Ligament
Repair, Biceps Tenodesis, and Others), By Ventilation Mode/Interphase
(Implants, Suture Anchor Devices, Grafts, Matrix/Scaffolds (Tendon Repair,
Tendon Protection Matrix/Scaffolds), Screws, and Others), By Region,
Competition, Forecast and Opportunities, 2028”, has
evaluated the future growth potential of United States tendon repair market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide innovative market intelligence and
help decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in United States tendon repair market.
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