The global tendon repair market is expected to reach USD 3.0 billion by 2030, at a CAGR of 6.9% from 2022 to 2030. The increasing geriatric population would drive tendon repair market growth. The rising number of obese individuals will also drive the global tendon repair market. The growing number of sports-related injuries demanding minimally invasive tendon repair procedures will also contribute to the development of the market. Technological advancements allowing simple, effective, and faster tendon repair procedures and techniques with quicker healing time will provide an impetus to the global tendon repair market.

Market Overview:

A cell is the smallest functional component of the body. It is the fundamental unit of life. Similar-looking cells performing similar functions come together to form a tissue. A soft tissue forms one part of the classification of tissues based on its functions. Soft tissues connect parts of the body like muscles and bones. They support other tissues or organs. Connective tissue is a niche segment of soft tissues. A tendon is an example of soft connective tissue. A tendon connects a muscle to the bone. It enables the movement of the bone and provides structure to the limb muscles. It is a fibrous tissue. Tendons prevent muscle injury by acting as a shock absorber when the body goes through physical exertion like running, jumping, or cycling. However, constant stress on the tendon might cause tear or damage to the tissue, causing pain and thereby restricting the movement of the limbs. The progressive wear and tear of the tendon or degenerative causes like the weakening of muscles and bones due to age are some common causes of tendon injury. Tendon injuries lead to restricted mobility. A tendon, at times, maybe beyond repair and must be replaced. Tendon repair is the action of restoring the tendon to its original structure and functionality. Tendon repairs can range from using splints to restore its structure to surgeries to replace the damaged tissues. Small tendon injuries have a success rate of 95%, contributing to their rising popularity in the population. The rising geriatric population and sports-related tendon injuries have increased the number of individuals opting for tendon repairs to restore their mobility. The minimally invasive nature of tendon repair and ease of application and effectiveness will lead to a wider acceptability of these procedures and contribute to the growth of the global tendon repair market.

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Market Dynamics:

Drivers:

• Increasing global geriatric population

The connective tissues weaken with age; the ability to hold together bones, muscles, or muscle and bone together so that the limbs can carry out their functions declines as a person grows old. The decrease in the efficacy of the soft connective tissues harms the motor ability of the individuals. The probability of developing damage to the soft connective tissues increases with age. Therefore, the growing geriatric population will increase the number of patients with soft connective tissue or tendon injuries. The minimally invasive nature of tendon repair surgeries and treatments will increase the adoption of tendon repairs to treat tissue damage. The increasing prevalence of tissue injuries and the rising adoption of minimally invasive tendon repair surgeries will drive the global market in the forecast period.

• Lifestyle changes

The sedentary lifestyle with no physical exercise has increased the number of individuals suffering from obesity. Improper nutrition for the bones leads to osteoarthritis. Obese individuals are at a higher risk of tissue damage or injury, given their reduced mobility due to their weight. The contemporary lifestyle is associated with no physical exercise, unhealthy diets, on-the-go snacking, lack of sleep, and increased workload resulting in back pains, shoulder pains, and other joint pains. Tendon repairs will increase in demand with an increase in tissue damage given individuals' sedentary and unhealthy lifestyles.  

• Sports-related injuries

Athletes constantly train and are at the risk of injuring themselves during training, practice, or competition. As sporting activities become more competitive, the players are training harder to stay in the game. The acute stress on bones and muscles causes several tissue injuries to the players. The increase in sporting events and the number of sports players, the probability of sports-related injuries is also increasing. Thereby, the growing sports-related injuries will also drive the tendon repair market.

Restraints:

• Expensive nature of tendon repair procedures

Extensive capital is utilized in developing tendon repair procedures, devices, instruments, and methods. Tendon repair surgeries or procedures use the latest technologies to improve efficiency; such technologies are expensive, making tendon repairs costly. The sophisticated nature and intricate tendon repair procedures add to these procedures' cost. The high costs of tendon repairs will hamper the market's growth.

Opportunities:

• Technological advancements

With the demand for tendon repairs, major players have invested capital in researching and developing better procedures or techniques. For example, new technologies, such as scaffolds, tissue grafting, and other tissue matrices, as well as the latest equipment and instruments for regenerating native tissue, are being successfully used to improve the repaired limb's movement and flexibility while also speeding up healing. Other such advancements in tendon repair procedures & techniques will make the industry competitive and help it become more efficient, providing the necessary impetus to its growth and lucrative opportunities for the market players.

Challenges:

• Lack of reimbursement policies

The poor healthcare infrastructure in the developing and under-developed economies will challenge the market's growth. Since the tendon repair procedures are expensive, most of the population opts for it only if it is included in their health insurance. The lack of public health insurance infrastructure leads to a highly monopolized private healthcare insurance market in the developing world, which is expensive for the country's average citizen. The lack of other avenues that offer reimbursement for such expensive procedures impedes the market growth.

Segmentation Analysis:

The global tendon repair market has been segmented based on product type, application, and regions.

• The product type segment is divided into screws, grafts, implants, suture anchor devices, tendons repair matrix, scaffolds, & others. The suture anchor devices segment dominated the market with a market share of around 45% in 2021. The increasing use of suture anchor devices in tendon repairs given its simple and efficient nature in fixing soft tissue damage and injuries. The use of suture anchor devices in soft tissue repair of the shoulder, wrist, elbow, and other lower limb joints has contributed to its rising popularity in medicine. 
• The application segment is divided into rotator cuff repair, cruciate ligament repair, biceps tenodesis, Achilles tendinosis repair, & others. In 2021, the rotator cuff repair segment dominated the market, accounting for around 47% of global revenue. Rotator cuff injuries are caused by the progressive wear and tear of the soft connective tissue. Progressive wear and tear can be caused by heavy weight lifting regularly that may irritate the tendon. It is primarily common among sportspersons and bodybuilders, given their regular training schedules. The rotator cuff injuries hold a significant share in sports-related injuries, so the rotator cuff repair is the dominant segment in the market.

Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region emerged as the largest market for the global tendon repair market, with a 34% share of the market revenue in 2021.

• North America dominates the tendon repair market due to the increasing incidence of soft tissue damage and injuries given the rising geriatric population. The increasing number of obese individuals also contributes significantly to the growing number of patients needing tendon repair procedures. With the rising number of sports injuries, given the highly competitive sports environment of the region, the tendon repair market is expected to rise during the forecast period. At the same time, Asia-Pacific is expected to grow the fastest in the forecast period due to increased government expenditure on healthcare infrastructure and the rising geriatric population with a growing prevalence of soft tissue damage.

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global tendon repair industry.

The TissueTak tendon anchor, the first closed-loop suture-based fastening system, and a minimally invasive surgical system for orthopedic operations for soft tissue repair of certain types of injuries, got 510(K) clearances from the US Food and Drug Administration (FDA) in July 2021.

List of Key Market Players:

• Medical Device Business Services Inc.
• Integra LifeSciences
• Stryker
• Smith & Nephew
• Arthrex Inc.
• Aevumed
• CONMED Corporation
• BioPro Inc.
• MIMEDX
• Amniotics AB

Key Target Audience

• Hospitals/Healthcare Providers
• Medical Device Manufacturers
• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Third-party knowledge providers

Report Description:

• Global Tendon Repair Market, Industry Analysis, Trends, Analysis and Forecast, 2022 to 2030 is a forthcoming/imminent research report to be published by The Brainy Insights.
• 2021 is considered as the base year of the report. 2019 and 2020 are considered as the historic years and 2022 to 2030 are the forecast years. The global tendon repair market is based on revenue (USD Billion). The report incorporates the market study based on revenue. The study covers the market share revenue/market share/volume for each of the segments, regions, and countries catering to the global tendon repair market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
• The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also delivers an outline of the attractiveness of tendon repair based on product type, application, and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and prospects to fathom market growth and development in future.
• The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to the global tendon repair market. This offers vital and in-depth insights to depict the overall market scenario.
• The report offers the detailed study for the company profiles of key organizations operating in the global tendon repair market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
• The report provides an elaborative assessment of the porter's five forces analysis coupled with SWOT analysis to provide business related data and information. Porter's five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company's growth and development to sustain and survive in the long run.
• Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors.
• Potential growth prospects along with the penetration rate analysis of the product (market related, i.e., global tendon repair market) are covered to comprehend the adoption rate and evaluate the market size.