The global soft tissue repair market is witnessing a sheer rise at present and is expected to expand in the coming years. The market of soft tissue repair is highly fragmented, with the presence of various established as well as local players. Agreements, partnerships and collaborations by major players in the market drive the growth of the market. Market players mainly focus on product launches and agreements for enhancing the distribution channel or for expanding the presence have been witnessed to a huge amount. Therefore, adoption of various growth strategies in the market in order to improve their market position.
Key Players Featured Is Soft Tissue Repair Market Research –
- Organogenesis, Inc.
- Integra LifeSciences Corporation
- Smith & Nephew
- Depuy Synthes
- Arthrex, Inc.
- Integra Lifesciences Corporation
- Stryker, C.R Bard, Inc.
- Organogenesis, ConMed
- Wright Medical Group, Inc. among others.
Have been launching products in the soft tissue repair market, which has helped the company in gaining a better position in the global market. For instance, in April, 2016, Integra LifeSciences Corporation entered into an agreement with AlloSource, provider of cartilage, cellular, bone, skin and soft-tissue allografts for use in surgical procedures and wound care to advance patient healing. Also, in August, 2015, Smith & Nephew signed licensing agreement gaining access to patented rotator cuff repair technologies developed by KFx Medical Corp., a privately held California company focused on tissue fixation. These activities are of key importance for the company and help to increase product sales in particular region and achieve better customer base in the market.
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Soft tissue repair market, based on the product is segmented into fixation instruments and tissue mesh/patch. Fixation instruments is further segmented into fixation instruments, suture anchors, interference screw, sutures, and others. Tissue mesh/patch is further segmented into synthetic and biological mesh. Soft tissue repair market, based on the application is segmented into orthopedic repair, hernia repair, breast reconstruction, pelvic and vaginal prolapse repair, skin repair, dental and dural repair, and others. Geographically, the market for soft tissue repair is segmented into North America, Europe, Asia Pacific (APC), Middle East and Africa (MEA) and South and Central America (S&CAM).
In North America, soft tissue repair market comprises of combined markets for the US, Canada, and Mexico. All the three countries are witnessing a progressive change in the soft tissue repair market. This region has largest market share of the global soft tissue repair market, by geography. Most of the market players have launched new products in the market. In July, 2016, TELA Bio launched OviTex portfolio of products for use in ventral hernia repair and abdominal wall reconstruction following U.S. Food and Drug Administration (FDA) 510(K) clearance. In February, 2018, MTF Biologics launched Meso BioMatrix Surgical Mesh for Plastic and Reconstructive Surgeons. In June, 2018, Depuy Synthes announced the U.S. launch of DYNACORD Suture to repair soft tissue such as the rotator cuff in the shoulder.
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