Europe Orthopedic Soft Tissue Repair Market Size & Outlook
Europe orthopedic soft tissue repair market, 2018-2030 (US$M)
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Europe orthopedic soft tissue repair market highlights
- The Europe orthopedic soft tissue repair market generated a revenue of USD 2,008.5 million in 2023.
- The market is expected to grow at a CAGR of 7.8% 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.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,008.5 million |
| Market revenue in 2030 | USD 3,389.9 million |
| Growth rate | 7.8% (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 |
| 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, Europe region accounted for 29.6% of the global orthopedic soft tissue repair market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,068.5 million by 2030.
Cruciate ligaments repair was the largest segment with a revenue share of 40.86% in 2023. Horizon Databook has segmented the Europe 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.
Aging population is a major social challenge faced by Europe, which is expected to be one of the major drivers of orthopedic soft tissue repair market in the European region. As per Eurostat statistics, in 2019, one-fifth or around 20.3% of population was aged over 65 years in the region. Geriatric population is at a higher risk of soft tissue injuries, which may boost market growth.
In addition, with age, bones as well as connecting tissues weaken due to natural wear and tear. Increasing incidence of bone disorders among the elderly people leads to soft tissue damage, which results in greater demand for orthopedic soft tissue repair.
Furthermore, a gap in diagnosis and treatment of bone disorders, such as osteoporosis, can be considered as an alarming situation in the region, and increasing visibility of products by key players and rising awareness regarding treatment of bone disorders, mainly among the older population, will help in driving growth.
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Orthopedic Soft Tissue Repair Market Scope
Orthopedic Soft Tissue Repair Market Companies
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Europe orthopedic soft tissue repair market size, by country, 2018-2030 (US$M)
Europe Orthopedic Soft Tissue Repair Market Outlook Share, 2023 & 2030 (US$M)
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