Published on : May 18, 2017
Albany, New York, May 18, 2017: According to the report, the increasing incidences of hernia, breast cancer, and adoption of minimally invasive procedures are pushing the demand for soft tissue repair equipment in the U.S. A rise in the geriatric population in the U.S. is also proving to be a growth factor for the market. There are no substitutes for soft tissue repair surgeries and this is also ensuring the growth of the market. Rising patient awareness about different treatment options will continue to boost the market in the coming years.
Additionally, an increase in the healthcare expenditure and escalating obesity rates is driving the growth for the soft tissue repair equipment market. Moreover, increasing participation by people in the U.S. in various sports and the resulting soft tissue injuries from playing is also a factor that cannot be neglected in fueling the demand for soft tissue repair equipment. However, surgical procedures are expensive and therefore, a lack of reimbursement can challenge the growth of the market. In addition to this, stringent regulatory requirements can also impact the market in a negative way. Nevertheless, technological advancements are expected to continue to create new opportunities in the market. Innovations in orthopedic surgical products are creating potential for the soft tissue repair equipment market.
The report segments the global soft tissue repair equipment market on the basis of application and product. By product, the market is segmented into soft tissue fixation devices, tissue patches/meshes, and laparoscopic instruments. On the basis of application, the global soft tissue repair market is segmented into hernia repair, vaginal sling repair, breast reconstruction repair, skin repair, orthopedic, and dental repair.
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The report profiles key players manufacturing soft tissue repair equipment in the U.S. It studies the recent developments by each of these players and also gives information regarding their strategic expansion moves such as collaborations, partnerships, mergers, and acquisitions. The challenges faced by players and the strategies adopted by them to overcome these challenges are also included in the report making it a valuable resource to everyone wishing to invest in the U.S. soft tissue repair equipment market. Some of the key players operating in the market include Wright Medical, Ethicon, Medtronic, C.R Bard, and Johnson & Johnson.
The report studies the U.S. soft tissue repair equipment market’s past and present performance and estimates the future of the industry. It gives important information such as the current market size and the projected size of the market by 2022. It segments the market and studies each of the segment and sub-segment so as to get an extensive coverage of the market.
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