conducted by US Department of Transportation in 2015, road accident incidents have been
increased by 3.8%.
Soft Tissue Repair Market Regional Analysis:-
According to the European Union government legislature, European government will be
spending almost 80 billion Euros on Research and Development to enhance a broad range of
research projects. According to American Joint Replacement Registry (AJRR), around 75%
increase in hospitals was reported and 41% increase in the number of surgeons from the year
2012 -2015, hence there is an increment of 102% in the number of cases related to joint
replacement. This can increase the revenue of soft tissue repair market to a greater extent.
According to Association of South East Asia Nations (ASEAN), Asia Pacific is the fastest
growing market for medical technology market. In 2016, 105 – 120 million medical tourists
visited Asia Pacific regions to seek healthcare services. Medical Tourism of India accounts for
25% of the healthcare sector revenue. National Institute of Health (NIH) from the U.S. is the
key contributor of soft tissue repair market. According to American cancer society, out of
252,710 cases of breast cancer, more than half of them have opted for breast reconstruction.
North America region is gaining significant traction in the soft tissue repair market by
manufacturing new products such as EZ Derm by Molnlycke Healthcare, this product is used to
dress wounds using pins and wires together or independently with other fixation devices. These
devices are used in spine and hip replacement surgeries.
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Soft Tissue Repair Market Key players:-
One of the commonly used product for soft tissue reconstruction is XCM BIOLOGIC from DePuy
Synthes. It is a biologic tissue used to repair abdominal wall, it also repairs the defect of
thoracic wall and hernia surgery. Other uses include muscle flap reinforcement, soft tissue
reconstructive procedures, and suture line reinforcement. Key player operating in market include
Life Cell Corporation, Organogenesis, Smith And Nephew, Johnson And Johnson, Covidien,
Arthrex Inc, Integra Life Sciences Corporation, Stryker Medical Corporation, Wright Medical
Technology, C. R. Bard, De Puy Synthes, and American Medical Systems.
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