Australia Orthopedic Soft Tissue Repair Market Size & Outlook
Australia orthopedic soft tissue repair market, 2018-2030 (US$M)
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Australia orthopedic soft tissue repair market highlights
- The Australia orthopedic soft tissue repair market generated a revenue of USD 133.7 million in 2023 and is expected to reach USD 262.2 million by 2030.
- The Australia market is expected to grow at a CAGR of 10.1% from 2024 to 2030.
- In terms of segment, cruciate ligaments repair was the largest revenue generating application in 2023.
- Cruciate Ligaments Repair is the most lucrative application segment registering the fastest growth during the forecast period.
Orthopedic soft tissue repair market data book summary
| Market revenue in 2023 | USD 133.7 million |
| Market revenue in 2030 | USD 262.2 million |
| Growth rate | 10.1% (CAGR from 2023 to 2030) |
| Largest segment | Cruciate ligaments repair |
| Fastest growing segment | Cruciate Ligaments Repair |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
| Key market players worldwide | Integra Lifesciences Holdings Corp, Arthrex, Smith & Nephew PLC, DePuy Synthes, Stryker Corp, Conmed Corp, Zimmer Biomet Holdings Inc, Boston Scientific Corp, B. Braun, Wright Medical Group |
Other key industry trends
- In terms of revenue, Australia accounted for 2.0% of the global orthopedic soft tissue repair market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan orthopedic soft tissue repair market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 360.7 million by 2030.
Cruciate ligaments repair was the largest segment with a revenue share of 40.09% in 2023. Horizon Databook has segmented the Australia 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.
Australia is one of the growing countries with respect to orthopedic soft tissue procedures. A key factor anticipated to drive the market over the forecast period is growing prevalence of musculoskeletal disorders in the country.
Moreover, back pain and other related symptoms are considered as leading causes of overall disease burden in Australia. These facts signify that the prevalence of musculoskeletal conditions is high in the country, which drives demand for reconstruction and repair surgeries.
Furthermore, it has been analyzed that older individuals suffering from hip arthroscopy opt for tissue repair for pain reduction and smooth functioning. This is anticipated to further create a strong demand for orthopedic soft tissue repair products and procedures over the forecast period.
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Orthopedic Soft Tissue Repair Market Scope
Orthopedic Soft Tissue Repair Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia orthopedic soft tissue repair market size, by application, 2018-2030 (US$M)
Australia Orthopedic Soft Tissue Repair Market Outlook Share, 2023 & 2030 (US$M)
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