Germany Orthopedic Soft Tissue Repair Market Size & Outlook
Germany orthopedic soft tissue repair market, 2018-2030 (US$M)
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Germany orthopedic soft tissue repair market highlights
- The Germany orthopedic soft tissue repair market generated a revenue of USD 403.0 million in 2023 and is expected to reach USD 645.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.9% 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 403.0 million |
| Market revenue in 2030 | USD 645.0 million |
| Growth rate | 6.9% (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, Germany accounted for 5.9% 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 Europe, UK orthopedic soft tissue repair market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 704.0 million by 2030.
Cruciate ligaments repair was the largest segment with a revenue share of 40% in 2023. Horizon Databook has segmented the Germany 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.
Germany is one of the countries with a large geriatric population in the European region. This is expected to be one of the primary drivers anticipated to boost orthopedic soft tissue repair market growth. For instance, as per Statista, 21.5% of the total population in Germany was 65 years or older in 2019.
In addition, according to a study, by 2060, around 34% of the total population is expected to be at least 65 years. Furthermore, a continuous rise in hip replacement surgeries in the country, mainly in geriatric population, which is more susceptible to musculoskeletal disorders, is a major factor expected to drive growth.
Moreover, as per a recent study published in Journal of Health Monitoring, the prevalence of osteoarthritis in German women aged above 65 years was around 48%. Such musculoskeletal disorders may lead to bone, ligament, and muscle damage. Increasing geriatric population at risk of disorders such as osteoarthritis creates high demand for orthopedic soft tissue repair surgeries.
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Orthopedic Soft Tissue Repair Market Scope
Orthopedic Soft Tissue Repair Market Companies
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Germany orthopedic soft tissue repair market size, by application, 2018-2030 (US$M)
Germany Orthopedic Soft Tissue Repair Market Outlook Share, 2023 & 2030 (US$M)
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