DUBLIN, June 14, 2021– (COMMERCIAL THREAD)–The “Meniscus Repair Systems Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecast, 2021-2029” report was added to ResearchAndMarkets.com offer.
The global meniscus repair systems market is growing competently and is expected to grow at a CAGR of 7.6%.
Johnson & johnson
(Ceterix Orthopedics) Smith & Nephew plc.
Orteq Sports Medicine Ltd (Saratoga Partners LLC)
Arcuro Medical Ltée
EBERLE GmbH & Co. KG
BIOTEK – CHETAN MÉDITECH PVT. SARL
Globally, the increasing number of meniscal allograft transplant and repair procedures will drive the overall market growth. Increased awareness of advanced medical technologies as well as increased hospital admissions for osteoarthritis will further drive revenue growth. In addition, the launch of integrated repair solutions for all-interior meniscal repair, exterior / interior or interior meniscus repair, root repair techniques and other advanced applications are major key factors driving the market growth of global meniscus repair systems.
All-Inside Meniscal Repair Systems Expected to Record Higher Growth by End of 2029
In 2020, the all-interior meniscus repair system accounted for the largest share of the global market. These are primarily engineered with the strength of upside down repairs, deliver solid biomechanical results with improved single insertion techniques. Major products include CrossFix Meniscal Repair System, NovoStitch Pro, Sequent Meniscal Repair Device, and others. In addition, the increase in sports injuries, the growing number of osteoarthritis in the aging population, and the expansion of new technologies in the sports medicine industry are key factors driving the overall demand for meniscal repair systems. Expansion of new suture systems, regulatory approvals, new product launches, partnerships and acquisitions will drive market growth in the near future. For example, in April 2020, Ceterix Orthopedics, Inc. announced that the NovoStitch allows surgeons to place stitches arthroscopically into well-fitting joint compartments, allowing them to treat and repair complex meniscal tears.
Type of radial tear to witness a large CAGR
Tears of the radial meniscus are more observed in the young population (mainly especially with ruptures of the anterior cruciate ligament), actively participating in sports activities. The use of improved techniques for radial tears includes the cross suture method, the inside out technique or the outside inward repair technique for a complete radial tear of the lateral meniscus and others . The recent brief, reliable and legal classification system for meniscal tears is the International Society of Arthroscopy, Knee Surgery and Orthopedic Sports Medicine (ISAKOS).
The complexity of repairing and treating a few horizontal or longitudinal tears may hamper the growth of the market. Advances in surgical techniques for radial tears and other complex tears will drive the market growth. Advanced products with the best applications manufactured in the US and European market by Zimmer, Stryker, Conmed, Arthrex and others will further drive revenue growth in the applications segment. For example, in June 2020, Arcuro Medical Ltd. has received US FDA approval for its SuperBall Meniscus Repair System.
Key questions answered in this report:
What are the current Meniscus Repair Systems market trends and dynamics and valuable opportunities for emerging players?
Which segment represents the fastest CAGR during the forecast period?
Which product and service type segment has a larger market share and why?
Are low- and middle-income economies investing in the meniscus repair systems market?
What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, Middle East and Africa?
Main topics covered:
2. Executive summary
3. Market dynamics
3.1.1. Global SRM Market Value, 2019-2029 (USD Million)
3.2. Market dynamics
3.2.1. Market factors
3.2.2. Market constraints
3.3. Attractive investment proposition, by geography, 2020
3.4. Market positioning of key players, 2020
3.4.1. Major strategies adopted by key players
4.Global Meniscus Repair Systems (MRS) Market, by Product Type, 2019-2029 (USD Million)
5. Global Meniscus Repair Systems (MRS) Market, by Application, 2019-2029 (USD Million)
6. Global Meniscus Repair System (MRS) Market, By End User, 2019-2029 (Million US $)
7. North America Meniscus Repair Systems (MRS) Market Analysis, 2019-2029 (USD Million)
8. Europe Meniscus Repair System (MRS) Market Analysis, 2019-2029 (USD Million)
9. Asia-Pacific Meniscus Repair System (MRS) Market Analysis, 2019-2029 (USD Million)
10. Rest of the World Meniscus Repair System (MRS) Market Analysis, 2019-2029 (USD Million)
11. Company profiles
For more information on this report, visit https://www.researchandmarkets.com/r/h20ndx
View the source version on businesswire.com: https://www.businesswire.com/news/home/20210614005445/en/
Laura Wood, Senior Press Director
For EST office hours, call 1-917-300-0470
For USA / CAN call toll free 1-800-526-8630
For GMT office hours, call + 353-1-416-8900