Global Orthopedic Soft Tissue Repair Market Size & Outlook
Global orthopedic soft tissue repair market, 2018-2030 (US$M)
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Global orthopedic soft tissue repair market highlights
- The global orthopedic soft tissue repair market generated a revenue of USD 6,796.4 million in 2023 and is expected to reach USD 11,859.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.3% by 2030.
- In terms of segment, cruciate ligaments repair accounted for a revenue of USD 2,745.1 million in 2023.
- Cruciate Ligaments Repair is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 6,796.4 million |
| Market revenue in 2030 | USD 11,859.0 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Cruciate ligaments repair |
| Fastest growing segment | Cruciate Ligaments Repair |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rotator Cuff Repair, Epicondylitis, Achilles Tendinosis Repair, Pelvic Organ Prolapse, Gluteal Tendon Repair, Cruciate Ligaments Repair, Hip Arthroscopy, Biceps Tenodesis |
Other key industry trends
- In terms of revenue, the North America accounted for 44.9% of the global orthopedic soft tissue repair market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 645.0 million by 2030.
Cruciate ligaments repair was the largest segment with a revenue share of 40.39% in 2023. Horizon Databook has segmented the Global orthopedic soft tissue repair market based on rotator cuff repair, epicondylitis, achilles tendinosis repair, pelvic organ prolapse, gluteal tendon repair, cruciate ligaments repair, hip arthroscopy, biceps tenodesis covering the revenue growth of each sub-segment from 2018 to 2030.
Improvement in life expectancy has led to an increase in the geriatric population. It is expected to significantly boost in the forecasted period. Aging causes significant changes in the skeletal and neuromuscular systems that may lead to arthritis, weakened ligaments, and ACL tears. An increase in the geriatric population has led to a rise in the global demand for soft tissue repair surgeries.
Currently, the geriatric population is growing at an unprecedented rate.According to a report commissioned by the National Institute on Aging, a part of the National Institutes of Health, in 2016, 8.5% of the global population (617 million) was aged 65 years and over. Therefore, the need for acute and long-term healthcare services is increasing, which is driving the growth of the orthopedic soft tissue repair market globally.
The figure below depicts the change in population by age group in 2015 and 2050.Degenerative joint disorders majorly affect knees, hips, and ankles. According to an article published in the BMJ Publishing Group Ltd by the European League Against Rheumatism knee, and hip replacement procedures are performed in 85% of the patients suffering from osteoarthritis.
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Orthopedic Soft Tissue Repair Market Scope
Orthopedic Soft Tissue Repair Market Companies
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Global orthopedic soft tissue repair market size, by regions, 2018-2030 (US$M)
Top 10 countries: Orthopedic soft tissue repair market size, 2023 (US$M)
Global orthopedic soft tissue repair market share, by application, 2023 & 2030 (%, US$M)
Orthopedic soft tissue repair market: Opportunity assessment by country
Global orthopedic soft tissue repair market, by region, 2023 (US$M)
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