VANCOUVER, British Columbia, June 15, 2017 /PRNewswire/ -- According to a new series of reports on the U.S. market for orthopedic soft tissue repair by iData Research (www.idataresearch.com), as more of the baby boomer generation reaches retirement, their need for soft tissue arthroscopic surgery increases. Arthroscopic surgery is becoming the preferred method of treatment as it is less invasive and reduces recovery time.
"The rotator cuff segment is the largest in the overall U.S. orthopedic soft tissue market as it was the first segment of arthroscopy that was well researched," explains Jeffrey Wong, Strategic Analyst Manager at iData Research. "However, interest in other segments is increasing, such as knee and hip arthroscopy."
Soft tissue repair is required for wear and tear of tendons, ligaments and cartilage. The shoulder labrum repair segment exhibits the highest amount of growth due to the high prescription rate as a go-to procedure for biceps and shoulder pain. This combined with the popularization of active lifestyles has made the demand for orthopedic soft tissue repair increase.
One major trend within the orthopedic soft tissue repair market is the shift towards all-suture anchors, also known as soft anchors. Suture anchors are used in many segments in the market and the emergence of this new segment has shifted the dynamic of some of the segments. All-sutures have been gaining market share and many competitors have noticed and started to enter that market.
Arthrex is the leading competitor in the U.S. market for orthopedic soft tissue repair and has maintained their position by establishing their presence in the shoulder device market while continuing to grow their presence in the knee and hip arthroscopy device markets. Arthrex is the market leader in the rotator cuff, shoulder labrum, ACL/PCL fixation, orthopedic cartilage repair and biceps tenodesis markets with their extensive line of biocomposite suture anchors and screws. Products lines such as the PushLock® and SwiveLock™ are available in PLA, PEEK and biocomposite which are aggressively marketed by Arthrex so their position as market leader is sustained. In addition, Arthrex created the FiberTak™ all-suture product line in response to the growing all-suture market.
Smith & Nephew is the second leading competitor in the U.S. orthopedic soft tissue repair market. The company has a significant market lead in the hip arthroscopy and meniscal repair market. The company manufactures the DYONICS™ EFLEX™, which is the leading radiofrequency probe on the market. Smith & Nephew's anchors for the hip include the SutureFix®, Q-Fix™, OSTEORAPTOR™, BIORAPTOR™ and PEEKOPTIMA ® HEALICOIL™ PK. Other notable companies in the U.S. market for orthopedic soft tissue repair include DePuy Mitek, Zimmer Biomet, ConMed Linvatec, the Musculoskeletal Transplant Foundation, RTI Biologics, Stryker, LifeNet Health and the Joint Restoration Foundation among others. These companies are important as they provide product innovations that drive the market growth and the leading market competitors will follow the trends, such as Zimmer Biomet creating the all-suture anchor market.
For Further Information
More on the orthopedic soft tissue repair market in the U.S. can be found in a series of reports published by iData Research entitled the U.S Market Report Suite for Orthopedic Soft Tissue Repair. The suite covers reports on the following markets: tendon reinforcement grafts, suture anchors, tenodesis screws, ACL/PCL replacement allografts, interference screws, intratunnel fixation devices, cortical fixation devices, cross-pins, washer and post, osteochondral allografts, meniscal allografts, autologous chondrocyte implantation, particulated juvenile allograft implant, microfracture adjunct, suture meniscal repair devices, implant meniscal repair devices, hybrid meniscal repair devices, hip radiofrequency probes, banana blades, hip access kits and disposable suture passers.
The iData report series on orthopedic soft tissue repair covers the U.S. and 15 countries in Europe including Germany, France, the United Kingdom (U.K.), Italy, Spain, Benelux (Belgium, Netherlands and Luxemburg), Scandinavia (Finland, Denmark, Sweden and Norway), Portugal, Austria and Switzerland. Reports provide a comprehensive analysis including units sold, market value, forecasts, as well as detailed competitive market shares and analysis of major players' success strategies in each market and segment. To find out more about orthopedic soft tissue repair market data, register online or email us at email@example.com for a U.S Market Report Suite for Orthopedic Soft Tissue Repair brochure and synopsis.
About iData Research
iData Research (www.idataresearch.com) is an international market research and consulting firm, dedicated to providing the best in business intelligence for the medical device industry. Our research empowers our clients by providing them with the necessary tools to achieve their goals and do it right the first time. iData covers research in: Spinal Implants and VCF, Spinal MIS, Orthopedic Soft Tissue Repair and Regeneration, Orthopedic Trauma, Large & Small Joints, Dental Operatory Equipment, Dental Material, Dental Lasers, Dental Prosthetics, Dental CAD/CAM, Dental Bone Graft Substitutes, Ultrasound, X-Ray Imaging, Diagnostic Imaging, Oncology, Ophthalmics, Vascular Access, Laparoscopy, Urology, Gynecology, Endoscopy, Interventional Cardiology, Cardiac Surgery, Cardiac Rhythm Management, Electrophysiology, Operating Room Equipment, Surgical Microscopes, Robotics and Surgical Navigation, Anesthesiology, Wound Management, Orthopedics and more.
We have built a reputation and earned our clients' trust based on consistent and uniquely intelligent research that allows our customers to make confident decisions and impact their businesses. A combination of market expertise and over a decade of experience has resulted in a deep understanding of the medical device industry that has inspired innovation and propelled our clients to success.
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SOURCE iData Research