U.S. Orthopedic Soft Tissue Repair Market Size & Outlook
U.S. orthopedic soft tissue repair market, 2018-2030 (US$M)
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U.S. orthopedic soft tissue repair market highlights
- The U.S. orthopedic soft tissue repair market generated a revenue of USD 2,616.3 million in 2023 and is expected to reach USD 4,415.0 million by 2030.
- The U.S. 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.
Orthopedic soft tissue repair market data book summary
| Market revenue in 2023 | USD 2,616.3 million |
| Market revenue in 2030 | USD 4,415.0 million |
| Growth rate | 7.8% (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, U.S. accounted for 38.5% 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 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 40.01% in 2023. Horizon Databook has segmented the U.S. 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.
The According to an article published by the Osteoarthritis Research Society International, out of 1 million knee arthroscopies, 700,000 involving the meniscus are performed in the U.S. annually. Meniscal tear is commonly caused by soft tissue injury, which is likely to impel growth of the orthopedic soft tissue repair market.
Furthermore, the healthcare expenditure in the U.S. grew by 4.6% in 2019, Rising healthcare expenditure is expected to result in increased investments in R&D, encouraging development of advanced and affordable techniques for soft tissue repair.
Because of the growing healthcare expenditure and access to Medicare & Medicaid services, the penetration of orthopedic soft tissue repair market is significantly high. In addition, key players in the market have headquarters mostly in the U.S., which is expected to drive the market over the forecast period.
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Orthopedic Soft Tissue Repair Market Scope
Orthopedic Soft Tissue Repair Market Companies
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U.S. orthopedic soft tissue repair market size, by application, 2018-2030 (US$M)
U.S. Orthopedic Soft Tissue Repair Market Outlook Share, 2023 & 2030 (US$M)
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