Tendon Repair Market By Product Type (Implants, Suture anchor devices, Grafts, Screws, Others), By Application (Foot and ankle tendon repair, Flexor and extensor tendon repair, Rotator cuff tendon repair, Others), By End User (Hospitals and clinics, Ambulatory surgery centers): Global Opportunity Analysis and Industry Forecast, 2021-2031
Tendon repair is surgery conducted to treat a torn and damaged tendon. The damaged area may feel weak or painful. Tendons are soft, band-like tissues that connect muscles to bone. When the muscles contract, the tendons pull the bones and cause the joints to move. When tendon damage occurs, movement may be seriously limited. Tendon injury may occur in the body where tendons are present. The joints that are most commonly affected by tendon injuries are the shoulders, elbows, ankles, thighs, knees, and fingers. According to the American Academy of Orthopedic Surgeons, “jersey finger” is one of the most common sports injuries affecting the tendons. Tendon damage can also occur in rheumatoid arthritis, an inflammatory disease of the joints. Rheumatoid arthritis can involve the tendons, causing them to tear.
Tendon damaged is treated by tendon repair surgeries. Tendon repair is done to bring back normal movement to a joint. In tendon repair surgery, a surgeon will make one or more small incisions (cuts) in the skin over the damaged tendon, sew the torn ends of the tendon together, check the surrounding tissue to make sure no other injuries, such as injury to the blood vessels or nerves have occurred, and then then close the incision and cover the area with sterile bandages or dressings. If there isn’t enough healthy tendon to reconnect, the surgeon may perform a tendon graft using a piece of tendon from another part of the body. It may be from the foot or toe, for example. On occasion, a tendon transfer (moving a tendon from one area to another) may be useful in restoring function. After tendon repair surgery, surgeon will suggest to immobilize or splint the joint to allow the tendon to heal.
Major factors driving growth of the tendon repair market include increase in geriatric population, rise in sports-related injuries such as sprains, strains, tendinitis, contusions, surge in incidences of tendon and wrist injuries, and increase in interest in other workouts and physical activities among children and adults. For instance, according to a John Hopkins Medicine article, 30 million individuals participate in organized sports, resulting in more than 3.5 million sports injuries annually in the U.S. alone, with sprains and strains.
Numerous diseases, including the most common cardiovascular disease, osteoarthritis, a degenerative joint disorder, are caused due to obesity. Obesity affects almost one billion individuals worldwide, including 650 million adults, 340 million teenagers, and 39 million children that are more prone to tendon injuries. For instance, according to the World Health Organization (WHO), in 2022, about 167 million children and adults will be overweight or obese by 2025, putting their health at risk.
Moreover, surge in accidents causes soft tissue injuries, particularly road accidents lead to increase in number of tendon repair surgeries, thus fueling the growth of the tendon repair market. For instance, according to the WHO 2018 fact sheet, road accidents cause around 20.0 to 50.0 million injuries annually worldwide. According to Accident and Emergency (A&E) statistics, 24.8 million sports injuries were recorded in 2019, an increase of 2% compared with 2018.
Furthermore, increase in demand for minimally invasive procedures propels the adoption of tendon repair product. In addition, technological advancements; launch of various products; strategies among key players such as acquisition, collaboration, and agreement drive the growth of the tendon repair market. For instance, in January 2021, Smith & Nephew Company acquired the extremity orthopedic business. This acquisition helped Smith & Nephew’s idea to invest in growing segments and extended product portfolio of orthopedic segment.
However, lack of acceptance for biological products and lack of appropriate knowledge regarding products among physicians and surgeon limit the market growth. Stricter regulatory standards, and high cost for tendon repair products also restrain the market growth.
Furthermore, healthcare business is predicted to witness growth, owing to rise in prevalence of tendonitis and obesity, increase in R&D investments in drug discovery & development, and rise in awareness regarding physical fitness and workout. This is anticipated to offer remunerative opportunities for key players to invest in the market during the forecast period.
The tendon repair market is segmented on the basis of product type, application, end user, and region. On the basis of product type, the market is classified into implants, suture anchor devices, grafts, screws and others. By application, the market is segregated into foot and ankle tendon repair, flexor and extensor tendon repair, rotator cuff tendon repair and others. Depending on end user, it is segmented into hospitals and clinics, and ambulatory surgery centers. The tendon repair market is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and Rest of LAMEA)
Major players profiled in the report are Aevumed, Inc., Alafair Biosciences, Inc., Arthrex Inc., BioPro Inc., ConMed Corporation, Integra Lifesciences, Johnson & Johnson, Smith & Nephew, Stryker, TendoMend.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the tendon repair market analysis from 2021 to 2031 to identify the prevailing tendon repair market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the tendon repair market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global tendon repair market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
Implants
Suture anchor devices
Grafts
Screws
Others
By Application
Foot and ankle tendon repair
Flexor and extensor tendon repair
Rotator cuff tendon repair
Others
By End User
Hospitals and clinics
Ambulatory surgery centers
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest Of Asia Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Stryker Corporation
Arthrex, Inc.
Medical Device Business Services, Inc.
CONMED Corporation
Integra LifeSciences Holdings
Smith+Nephew
TendoMed
BioPro, Inc
Aevumed
Alafair Biosciences
Please Note: It will take 7-10 business days to complete the report upon order confirmation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook