North America Orthopedic Soft Tissue Repair Market Size & Outlook
North America orthopedic soft tissue repair market, 2018-2030 (US$M)
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North America orthopedic soft tissue repair market highlights
- The North America orthopedic soft tissue repair market generated a revenue of USD 3,048.5 million in 2023.
- The market is expected to grow at a CAGR of 7.9% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 3,048.5 million |
| Market revenue in 2030 | USD 5,183.5 million |
| Growth rate | 7.9% (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, North America region accounted for 44.9% 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 40.01% in 2023. Horizon Databook has segmented the North America 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.
North America accounted for a significant share of orthopedic soft tissue repair market owing to rising healthcare expenditure and investments on healthcare infrastructure. In addition, although soft tissue repair surgeries are costly, availability of advanced healthcare services at affordable prices in this region is anticipated to drive the market for orthopedic soft tissue repair.
Moreover, the number of people engaged in sports and fitness activities, coupled with rising sports injuries, is contributing to the regional market growth. For instance, according to Statista, there were around 7,157 hospitalizations in the Ontario province of Canada in 2019 due to sports injuries.
Moreover, presence of major players in the region and strategic initiatives undertaken by these players boost visibility & adoption of devices provided by them. Some of the major players in the region are Stryker, Arthrex, and Zimmer Biomet.
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Orthopedic Soft Tissue Repair Market Scope
Orthopedic Soft Tissue Repair Market Companies
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North America orthopedic soft tissue repair market size, by country, 2018-2030 (US$M)
North America Orthopedic Soft Tissue Repair Market Outlook Share, 2023 & 2030 (US$M)
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