Global Meniscus Repair Systems Market Report and Forecast 2023-2031
Global Meniscus Repair Systems Market Outlook
The global meniscus repair systems market size was valued at USD 341.9 million in 2022 and is projected to grow at a CAGR of 4.6% during the forecast period of 2023-2031 to reach a value of USD 513.2 million by 2031. The market growth can be attributed to the increasing prevalence of meniscus injuries and the growing awareness about the importance of early diagnosis and treatment.
Global Meniscus Repair Systems Market: Introduction
Meniscus repair systems are specialized surgical tools and devices used to treat meniscal injuries, which are common knee joint injuries that occur in sports or daily activities. The meniscus is a C-shaped cartilage structure in the knee that acts as a cushion and shock absorber between the femur and tibia. Meniscus repair aims to restore the normal function of the knee joint by repairing or removing the damaged meniscus.
The global meniscus repair systems market is driven by factors such as the increasing prevalence of sports-related injuries, an aging population with higher susceptibility to degenerative meniscal injuries, technological advancements in surgical techniques, and growing awareness about the importance of early diagnosis and treatment.
Global Meniscus Repair Systems Market Segmentations
The market can be segmented based on tear type, components, system type, treatment channel, end-user, and region:
Market Breakup by Tear Type
- Horizontal Tear
- Radial Tear
- Flap Tear
- Complex Tear
- Bucket-Handle Tear
- Oblique Tear
- Others
- Repair Devices
- Death Probes
- Inserters
- Sutures
- Others
- All Inside Meniscal Repair Systems
- Inside Out Meniscal Repair Systems
- Outside In Meniscal Repair Systems
- Meniscal Root Repair Systems
- Others
- Public
- Private
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Others
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
- Latin America
- Brazil
- Argentina
- Mexico
- Others
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
The global meniscus repair systems market demand has experienced significant growth over the past few years, driven by factors such as the increasing prevalence of meniscus injuries, advancements in surgical techniques, and growing awareness about the importance of early diagnosis and treatment.
North America is currently the largest market for meniscus repair systems, accounting for a significant share of the global market. The region's large market share is driven by factors such as a high prevalence of sports-related injuries, a well-established healthcare infrastructure, and strong investment in research and development for orthopaedic treatments. Additionally, the growing adoption of advanced surgical techniques and increasing awareness of meniscus repair options contribute to the market growth in North America.
Europe is also a significant market for meniscus repair systems, with countries such as the United Kingdom, Germany, and France leading the way. The region's market growth is driven by factors such as an ageing population, increasing awareness of meniscal injuries, and government initiatives to improve orthopaedic care. Additionally, the region has a well-established healthcare system, which supports the delivery of meniscus repair treatments.
Asia Pacific is another region that is experiencing significant growth in the meniscus repair systems market. The region's market growth is driven by factors such as a large population base, increasing awareness of sports-related injuries, and the growing adoption of advanced surgical techniques. In addition, government initiatives to improve healthcare infrastructure and promote sports medicine are helping to drive the growth of the market in the region.
Key Players in the Global Meniscus Repair Systems Market
The report provides a detailed analysis of the key players involved in the meniscus repair systems market, including their business overview, product portfolio, recent developments, and financial analysis. Some of the major players operating in the market include:
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- Arthrex, Inc.
- Johnson & Johnson
- Medtronic plc
- Active Implants
- RTI Surgical
- Smith & Nephew plc
- Arcuro Medical
- Agilent Technologies
- 1 Preface
- 1.1 Objectives of the Study
- 1.1.1 Research Objectives
- 1.1.2 Key Findings of the Report
- 1.2 Limitations of the Study and Scope for Future Research
- 2 Research Methodology
- 3 Executive Summary
- 4 Global Meniscus Repair Systems Market
- 4.1 Global Meniscus Repair Systems Market Overview
- 4.2 Global Meniscus Repair Systems Market Analysis
- 4.2.1 Market Overview
- 4.2.1.1 Global Meniscus Repair Systems Market Historical Value (2016-2022)
- 4.2.1.2 Global Meniscus Repair Systems Market Forecast Value (2023-2031)
- 4.3 Global Meniscus Repair Systems Market by Tear Type
- 4.3.1 Market Overview
- 4.3.1.1 Horizontal Tear
- 4.3.1.2 Radial Tear
- 4.3.1.3 Flap Tear
- 4.3.1.4 Complex Tear
- 4.3.1.5 Bucket-Handle Tear
- 4.3.1.6 Oblique Tear
- 4.3.1.7 Others
- 4.4 Global Meniscus Repair Systems Market by Components
- 4.4.1 Market Overview
- 4.4.1.1 Repair Devices
- 4.4.1.2 Death Probes
- 4.4.1.3 Inserters
- 4.4.1.4 Sutures
- 4.4.1.5 Others
- 4.5 Global Meniscus Repair Systems Market by System Type
- 4.5.1 Market Overview
- 4.5.1.1 All Inside Meniscal Repair Systems
- 4.5.1.2 Inside Out Meniscal Repair Systems
- 4.5.1.3 Outside In Meniscal Repair Systems
- 4.5.1.4 Meniscal Root Repair Systems
- 4.5.1.5 Others
- 4.6 Global Meniscus Repair Systems Market by Treatment Channel
- 4.6.1 Market Overview
- 4.6.1.1 Public
- 4.6.1.2 Private
- 4.7 Global Meniscus Repair Systems Market by Region
- 4.7.1 Market Overview
- 4.7.1.1 North America
- 4.7.1.2 Europe
- 4.7.1.3 Asia Pacific
- 4.7.1.4 Middle East & Africa
- 4.7.1.5 Latin America
- 4.7.2 North America
- 4.7.2.1 Historical Trend (2016-2022)
- 4.7.2.2 Forecast Trend (2023-2031)
- 4.7.2.3 Break Up by Country
- 4.7.2.3.1 United States of America
- 4.7.2.3.2 Canada
- 4.7.3 Europe
- 4.7.3.1 Historical Trend (2016-2022)
- 4.7.3.2 Forecast Trend (2023-2031)
- 4.7.3.3 Break Up by Country
- 4.7.3.3.1 United Kingdom
- 4.7.3.3.2 Germany
- 4.7.3.3.3 France
- 4.7.3.3.4 Italy
- 4.7.3.3.5 Others
- 4.7.4 Asia Pacific
- 4.7.4.1 Historical Trend (2016-2022)
- 4.7.4.2 Forecast Trend (2023-2031)
- 4.7.4.3 Break Up by Country
- 4.7.4.3.1 China
- 4.7.4.3.2 Japan
- 4.7.4.3.3 India
- 4.7.4.3.4 ASEAN
- 4.7.4.3.5 Australia
- 4.7.4.3.6 Others
- 4.7.5 Latin America
- 4.7.5.1 Historical Trend (2016-2022)
- 4.7.5.2 Forecast Trend (2023-2031)
- 4.7.5.3 Break Up by Country
- 4.7.5.3.1 Brazil
- 4.7.5.3.2 Argentina
- 4.7.5.3.3 Mexico
- 4.7.5.3.4 Others
- 4.7.6 Middle East and Africa
- 4.7.6.1 Historical Trend (2016-2022)
- 4.7.6.2 Forecast Trend (2023-2031)
- 4.7.6.3 Break Up by Country
- 4.7.6.3.1 Saudi Arabia
- 4.7.6.3.2 United Arab Emirates
- 4.7.6.3.3 Nigeria
- 4.7.6.3.4 South Africa
- 4.7.6.3.5 Others
- 5 Trade Data Analysis by HS Code
- 5.1 Sequent Meniscal Repair Systems- 90214090
- 5.2 Specific Meniscal Repair Systems- 90189099
- 6 Current Scenario Evaluation and Regulatory Framework
- 6.1 Emerging Therapies and Clinical Trials Synopsis
- 6.2 Patent Landscape
- 6.2.1 Patent Overview
- 6.2.1.1 Patent Status and Expiry
- 6.2.1.2 Timelines from Device Development to Commercial Launch
- 6.2.1.3 New Device Application
- 6.2.1.3.1 Documentation and Approval Process
- 6.3 Cost of Treatment
- 6.4 Regulatory Framework
- 6.4.1 Regulatory Overview
- 6.4.1.1 US FDA
- 6.4.1.2 EU EMA
- 6.4.1.3 INDIA CDSCO
- 6.4.1.4 JAPAN PMDA
- 6.4.1.5 Others
- 7 Global Meniscus Repair Systems Market Dynamics
- 7.1 Market Drivers and Constraints
- 7.2 SWOT Analysis
- 7.3 Porter’s Five Forces Model
- 7.4 Key Demand Indicators
- 7.5 Key Price Indicators
- 7.6 Industry Events, Initiatives & Trends
- 7.7 Value Chain Analysis
- 8 Supplier Landscape
- 8.1 Stryker Corporation
- 8.1.1 Company Overview
- 8.1.2 Product Portfolio
- 8.1.3 Demographic Reach and Achievements
- 8.1.4 Mergers and Acquisitions
- 8.1.5 Certifications
- 8.2 Zimmer Biomet Holdings, Inc.
- 8.2.1 Company Overview
- 8.2.2 Product Portfolio
- 8.2.3 Demographic Reach and Achievements
- 8.2.4 Mergers and Acquisitions
- 8.2.5 Certifications
- 8.3 Arthrex, Inc.
- 8.3.1 Company Overview
- 8.3.2 Product Portfolio
- 8.3.3 Demographic Reach and Achievements
- 8.3.4 Mergers and Acquisitions
- 8.3.5 Certifications
- 8.4 Johnson & Johnson
- 8.4.1 Company Overview
- 8.4.2 Product Portfolio
- 8.4.3 Demographic Reach and Achievements
- 8.4.4 Mergers and Acquisitions
- 8.4.5 Certifications
- 8.5 Medtronic plc
- 8.5.1 Company Overview
- 8.5.2 Product Portfolio
- 8.5.3 Demographic Reach and Achievements
- 8.5.4 Mergers and Acquisitions
- 8.5.5 Certifications
- 8.6 Active Implants
- 8.6.1 Company Overview
- 8.6.2 Product Portfolio
- 8.6.3 Demographic Reach and Achievements
- 8.6.4 Mergers and Acquisitions
- 8.6.5 Certifications
- 8.7 RTI Surgical
- 8.7.1 Company Overview
- 8.7.2 Product Portfolio
- 8.7.3 Demographic Reach and Achievements
- 8.7.4 Mergers and Acquisitions
- 8.7.5 Certifications
- 8.8 Smith & Nephew plc
- 8.8.1 Company Overview
- 8.8.2 Product Portfolio
- 8.8.3 Demographic Reach and Achievements
- 8.8.4 Mergers and Acquisitions
- 8.8.5 Certifications
- 8.9 Arcuro Medical
- 8.9.1 Company Overview
- 8.9.2 Product Portfolio
- 8.9.3 Demographic Reach and Achievements
- 8.9.4 Mergers and Acquisitions
- 8.9.5 Certifications
- 8.10 Agilent Technologies
- 8.10.1 Company Overview
- 8.10.2 Product Portfolio
- 8.10.3 Demographic Reach and Achievements
- 8.10.4 Mergers and Acquisitions
- 8.10.5 Certifications
- 9 Recommendations and Discussion
- 10 Pricing Models and Strategies (Additional Insight)
- 10.1 Cost Model
- 10.1.1 Manufacturing Cost Analysis
- 10.1.2 Procurement Cost Analysis
- 10.1.3 Clinical Trial Cost Factors
- 10.2 Pricing Strategies
- 10.2.1 Competitor Pricing Analysis
- 10.2.2 Key Assessment of Product Attributes
- 10.2.3 Pricing Benchmark
- 11 Global Meniscus Repair Systems Distribution Model (Additional Insight)
- 11.1 Overview
- 11.2 Potential Distributors
- 11.3 Key Parameters for Distribution Partner Assessment
Research Assistance
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