Spain Orthopedic Soft Tissue Repair Market Size & Outlook
Spain orthopedic soft tissue repair market, 2018-2030 (US$M)
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Spain orthopedic soft tissue repair market highlights
- The Spain orthopedic soft tissue repair market generated a revenue of USD 166.5 million in 2023 and is expected to reach USD 287.3 million by 2030.
- The Spain market is expected to grow at a CAGR of 8.1% 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 166.5 million |
| Market revenue in 2030 | USD 287.3 million |
| Growth rate | 8.1% (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, Spain 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 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 Spain 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.
Spain orthopedic soft tissue repair market is one of the prominent markets in Europe. One of the key factors influencing growth is increasing prevalence of musculoskeletal disorders in the country. For instance, according to a recent survey conducted by the Labor Statistics and Health and Safety Survey, musculoskeletal disorder are highly prevalent in Spain, particularly among the working population.
Musculoskeletal disorders account for nearly 35% to 40% of work accidents and between 70% and 80% of the occupational diseases in Spain. Moreover, the country has one of the highest “occupational accidents” rate in Europe.
Furthermore, Spain is one of the most popular medical tourism countries in Europe, owing to its lowcost medical treatment. The country is well-known for its low-cost knee replacement, shoulder, and reconstruction surgeries.
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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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Spain orthopedic soft tissue repair market size, by application, 2018-2030 (US$M)
Spain Orthopedic Soft Tissue Repair Market Outlook Share, 2023 & 2030 (US$M)
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