Persistence Market Research (PMR) delivers key insights on the global soft tissue repair market in its latest report titled, “Soft Tissue Repair Market: Global Industry Analysis and Forecast, 2015–2024”. Revenue from the global soft tissue repair market is anticipated to expand at a healthy CAGR during the forecast period. On the basis of product type, the market is segmented into synthetic, allografts, xenografts, and alloplast. The allograft segment is expected to contribute maximum revenue share to the global soft tissue repair market, and expand at the fastest CAGR of 6.6% during the forecast period.
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On the basis of application, the market is segmented into breast reconstruction, hernia repair, vaginal sling, dental problems, dermatology, orthopedics, and others. Orthopedics segment is further sub-segmented into dural repair, sports medication and tendon reinforcement, and others. Among these, the orthopedics segment is anticipated to remain dominant throughout the forecast period, and is projected to account for around 20.1% share of the total global soft tissue repair market revenue by 2024. On the basis of end user, the market is segmented into hospitals, ambulatory surgical centers, and clinics. Among these, hospitals was the largest segment with 55.4% revenue contribution to the total global market in 2015. Ambulatory surgical centers is projected to be the second-most attractive segment in the global soft tissue repair market by 2015 end.
Market growth is primarily driven by factors such as rising incidence of surgical procedures such as knee reconstruction, shoulder reconstruction, hip reconstruction, and elbow reconstruction, which is fueling revenue growth of the global soft tissue repair market. Also, increasing demand for biologics in soft tissue repair procedure such as mesh/matrix, which are extensively used in the U.S. for breast reconstruction...