Meniscal Repair Market Size, Share and Trends Analysis - Global - 2023-2029 - MedCore - Includes: Implants Market, Sutures Market, and 1 more

Meniscal Repair Market Size, Share and Trends Analysis - Global - 2023-2029 - MedCore - Includes: Implants Market, Sutures Market, and 1 more

The global market for meniscal repair had a total worth of $532.5 million in 2022, and it is anticipated to grow at a CAGR of 3.7% during the forecast period, ultimately reaching a value of $685.5 million. In addition, the complete report suite on the global meniscal repair market covers subsegments that include implants, sutures, and hybrid devices.

MARKET REPORT DATA TYPES INCLUDED

Unit Sales, Average Selling Prices, Market Value & Growth Trends
Forecasts Until 2029, and Historical Data to 2019
Market Drivers & Limiters for Each Segment
Competitive Analysis with Market Shares for Each Segment
Recent Mergers & Acquisitions
Procedure Volumes
Company Profiles, Product Portfolios and SWOT for Top Competitors
COVID-19 Impact Analysis

PROCEDURE NUMBERS

During 2022, North America conducted the highest number of meniscal repair procedures, with Western Europe following in second place, and Asia-Pacific in third. The remaining regions, including Latin America, Central and Eastern Europe, and the Middle East and Africa, had considerably fewer meniscal repair procedures during the same period, possibly due to the emerging nature of the procedure.

GLOBAL MENISCAL REPAIR MARKETRENDS

The market for meniscal repair is likely to be restrained by the steady occurrence rate of meniscal tears, combined with constraints and contraindications in certain cases. Successful outcomes of the surgery and rehabilitation primarily depend on careful patient selection and the surgeon's experience. Regenerating the damaged meniscus entirely has been challenging due to the tissue's limited healing capacity.

GLOBAL MENISCAL REPAIR MARKET SHARE INSIGHTS

Overall, within the global meniscal repair market there are three dominant competitors: Smith & Nephew, Arthrex, and CONMED.
In 2022, Smith & Nephew held more than a third of the total share in the meniscal repair market. The company's robust position in the market can be attributed to its pioneering efforts in the hybrid meniscal repair segment. In 2001, Smith & Nephew was the first to introduce an all-inside meniscal repair system called FasT-Fix® and has expanded its product line to include FasT-Fix® 360, Ultra-Fast-Fix®, and NovoStitch® systems.

GLOBAL MENISCAL REPAIR MARKET SEGMENTATION SUMMARY

Implants Market
Sutures Market
Hybrid Device Market

RESEARCH SCOPE SUMMARY

Regions: North America (Canada, United States), Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela), Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.), Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine), Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates), Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam), Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda)
Base Year: 2022
Forecast Period: 2023-2029
Historical Data: 2019-2022
Quantitative Data: Market Size, Market Share, Market Growth Rates, Units Sold, Average Selling Prices
Qualitative Data: COVID-19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios
Data Sources: Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data.
Read more about iData’s 9-Step Research Methodology

WHY CHOOSE IDATA?

Experts Only – iData has been around for over 17 years and is the trusted source of intelligence, and data-driven insights for key industry players. We are made up of specialists with a sole focus on medical devices, dental devices and pharmaceuticals. Our research and consulting field of endeavour never strays from the medical device industry and, because of this, we are the number one choice for leading companies in this field.
Global Coverage – iData’s unique methodology, and its expansion to over 70 countries world-wide, has made it one of the most viable sources of intelligence for global companies along with those who plan to expand their portfolio beyond the confines of their own country. Providing procedural data at the country level is another testimony to the trusted global coverage we provide.
Attention to Detail – It’s our attention to small details, scheduling of timelines, and keen project management that makes us stand out from the rest. We are creative, and our reports include metrics such as procedure numbers, ASPs, and SKU-level insights that are not found elsewhere.
Pricing – When comparing like-with-like, iData’s prices are not only extremely competitive but also the most cost-effective. We strive for success and want the same for our clients. With the level of detail incorporated into each report alongside the extensive segmentation provided, no other report compares at our price point.