Increasing Number of People Getting Affected with
Diabetes-Related Gangrene Worldwide Pushing Demand for Soft Tissue
Repair Products: Fact.MR Report
ROCKVILLE, Md., July 1, 2024 /PRNewswire/ -- According to a new
industry report released by Fact.MR, the global soft tissue
repair market size is expected to reach a size of
US$ 7.39 billion in 2024 and
further expand at 5.6% CAGR, to reach a value of
US$ 12.78 billion by the end
of 2034.
Because of the increasing aging population, demand for
orthopedic procedures is increasing at a significant pace, offering
lucrative prospects for soft tissue repair solution providers.
Chronic conditions like diabetes-related gangrene, osteoarthritis,
and peripheral vascular disease are boosting the demand for
orthopedic procedures, including amputations. Consequently, there
is a surge in overall sales within the soft tissue repair
market.
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Report:
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Increased investment in soft tissue repair research and
development fuels market expansion, fostering the introduction of
novel products and technological advancements. This market is
experiencing substantial growth, offering substantial opportunities
for the healthcare sector.
Key Takeaways from Market Study
- The market is forecasted to expand at a CAGR of 5.6% from 2024
to 2034.
- Sales of soft tissue repair products in the United States are placed to reach
US$ 3.05 billion in 2024.
- Brazil is set to occupy 49.6%
market share in East Asia in
2024.
- The market in Canada is
estimated to reach a value of US$ 511
million in 2024.
- The North American market is forecasted to expand at a CAGR of
5.9% from 2024 to 2034.
"Development of products for soft tissue repair has
resulted from the growing preference for minimally invasive
procedures. Increasing prevalence of sports-related injuries is an
additional factor driving market growth," says a
Fact.MR analyst.
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Rising Awareness of Injury Prevention and Rehabilitation in
United Kingdom
The United Kingdom is a key
player in the soft tissue repair market due to its extensive
healthcare system and active population. Due to the increasing
awareness of the importance of sports injury prevention and
rehabilitation, the country is seeing notable advancements in this
field. Prominent healthcare providers and medical equipment
manufacturers also benefit the UK market. These companies
continually bring innovative soft tissue repair products and
methods to the market, which helps it grow. Due to its commitment
to healthcare research and development, which fosters the
development of cutting-edge soft tissue repair technologies, the
United Kingdom is a major player
in the global market.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of
the soft tissue repair market for 2019 to 2023 and forecast
statistics for 2024 to 2034.
The study divulges the soft tissue repair market based on
product type (synthetic, allograft, xenograft, alloplast),
application (breast reconstruction, hernia, dermatology,
orthopedics, dental problems, vaginal sling), and end user
(hospitals, ambulatory surgical centers, clinics) across seven
major regions of the world (North
America, Latin America,
Western Europe, Eastern Europe, East
Asia, South Asia &
Pacific, and MEA).
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Soft Tissue Anchor Market Study by Absorbable and
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Tissue Processing System Market Study by Small Volume
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Tissue Glue and Bio-adhesive Sealant Market Study by
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About Us:
Fact.MR is a distinguished market research
company renowned for its comprehensive market reports and
invaluable business insights. As a prominent player in business
intelligence, we deliver deep analysis, uncovering market trends,
growth paths, and competitive landscapes. Renowned for its
commitment to accuracy and reliability, we empower businesses with
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decision-making and enhancing market positioning. With its
unwavering dedication to providing reliable market intelligence,
FACT.MR continues to assist companies in navigating dynamic market
challenges with confidence and achieving long-term success. With a
global presence and a team of experienced analysts, FACT.MR ensures
its clients receive actionable insights to capitalize on emerging
opportunities and stay ahead in the competitive
landscape.
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