Orthopedic Soft Tissue Surgical Procedures Market in U.S., Europe, and Japan to reach US$10.2 bn by 2020 Driven by Rise
The orthopedic soft tissue surgical procedures market has been segmented into surgeries such as rotator cuff repair, vaginal prolapse, lateral epicondylitis, Achilles, gluteal tendon and anterior cruciate ligament. The orthopedic soft tissue surgical procedures market offers lucrative business opportunities in developed regions such as the U.S., Europe and Japan due to periodic launch of technologically advanced surgical products by key players and increasing number of injuries caused by sports such as basketball, football and baseball. For example, the American Orthopedic Society of Sport Medicine estimated that around 150,000 ACL injuries occur in the U.S. each year and the number of injuries is projected to increase in the near future. The aging population is at higher risk of developing orthopedic soft tissue injuries, and hence contributes significantly toward the expansion of the soft tissue repair market. The growing trend of minimally invasive surgeries and increasing number of patients opting for active lifestyle are also fueling the growth of the orthopedic soft tissue surgical procedures market. According to the United Nations, developed regions such as Europe and North America (the U.S. and Canada) have highest percentage of aging population and are expected to grow at a higher percentage in future. This would increase the number of patients undergoing orthopedic soft tissue repair surgeries, thereby boosting market growth. However, high cost of surgeries and availability of effective non-operative treatment options such as NSAIDS and casting material are anticipated to restrain market growth.
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