Canada Orthopedic Soft Tissue Repair Market Size & Outlook
Canada orthopedic soft tissue repair market, 2018-2030 (US$M)
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Canada orthopedic soft tissue repair market highlights
- The Canada orthopedic soft tissue repair market generated a revenue of USD 432.2 million in 2023 and is expected to reach USD 768.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.6% 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 432.2 million |
| Market revenue in 2030 | USD 768.4 million |
| Growth rate | 8.6% (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, Canada accounted for 6.4% 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 North America, U.S. orthopedic soft tissue repair market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 768.4 million by 2030.
Cruciate ligaments repair was the largest segment with a revenue share of 39.98% in 2023. Horizon Databook has segmented the Canada 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.
Availability of expert medical professionals for performing soft tissue surgeries in the country is one of the major factors promoting market growth and contributing to the revenue. For instance, according to data published by Statista, as of 2019, there were around 1,693 orthopedic surgery specialists in Canada.
This number is slightly less than the number of general surgery specialists. This signifies the availability of medical professionals in orthopedic space and is likely to fuel the market growth over the forecast period.
In addition, supportive government initiatives, favorable reimbursement policies, and efforts undertaken by some of the local players, such as Stryker, are expected to impel market growth in the coming years. For instance, in 2018, Stryker opened its new facility in Canada. Such initiatives are expected to expand the geographic foothold of the company, thereby increasing visibility and market growth.
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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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Canada orthopedic soft tissue repair market size, by application, 2018-2030 (US$M)
Canada Orthopedic Soft Tissue Repair Market Outlook Share, 2023 & 2030 (US$M)
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