Brazil Orthopedic Soft Tissue Repair Market Size & Outlook
Brazil orthopedic soft tissue repair market, 2018-2030 (US$M)
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Brazil orthopedic soft tissue repair market highlights
- The Brazil orthopedic soft tissue repair market generated a revenue of USD 169.8 million in 2023 and is expected to reach USD 307.0 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8.8% 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 169.8 million |
| Market revenue in 2030 | USD 307.0 million |
| Growth rate | 8.8% (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, Brazil accounted for 2.5% 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 Latin America, Brazil orthopedic soft tissue repair market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 163.1 million by 2030.
Cruciate ligaments repair was the largest segment with a revenue share of 39.99% in 2023. Horizon Databook has segmented the Brazil 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.
During the 2014 FIFA World Cup, a total of 104 injuries were reported, which account to an incidence of 1.68 injuries per match. Brazil is highly popular for sports such as soccer and it is one of the primary reasons for sports injuries, which increases the need for soft tissue repair surgeries.
ACL is the most frequently occurring sports injury, with an incidence rate of 12.7%. In addition, sports injuries are highly common among athletes who are undergoing training. Another key factor anticipated to drive the market is growing prevalence of osteoporosis in the country.
According to an article published in The Scientific Electronic Library Online (SciELO) recently, osteoporosis and associated fractures are very common in Brazil, owing to an active youth population attracted toward high-intensity sports and increasing geriatric population affected with musculoskeletal disorders.
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Orthopedic Soft Tissue Repair Market Scope
Orthopedic Soft Tissue Repair Market Companies
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Brazil orthopedic soft tissue repair market size, by application, 2018-2030 (US$M)
Brazil Orthopedic Soft Tissue Repair Market Outlook Share, 2023 & 2030 (US$M)
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