Global Meniscal Repair Market Overview:
A meniscal repair is a surgical process to repair a torn meniscus through keyhole surgery. It is a slightly invasive procedure often undergone as a patient. Factors affecting success include tear age, location and pattern, age of the patient, as well as any related injuries. The major meniscal purposes are to distribute stress across the knee during weight bearing, offer shock absorption, serve as secondary joint stabilizers in an anterior cruciate ligament deficient knee, menisci will serve as joint stabilizers, provide articular cartilage nutrition and lubrication, facilitate joint gliding, and protect the joint margins. Some of the players profiled in the study are Arthrex (Germany), Smith & Nephew (United Kingdom), DePuy Mitek (United States), Zimmer Biomet (United States), Tissue Regenix (United Kingdom), CONMED Corporation (United States), RTI Biologics (United States), Medtronic (Ireland), Stryker (United States) and LifeNet Health (United States).
On the basis of geography, the market of Meniscal Repair has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Repair Technique, the sub-segment i.e. Inside-Out will boost the Meniscal Repair market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Rise in Demand for Meniscal Repair Systems
- Increasing Occurrence of Orthopedic and Trauma Injuries
Influencing Trend
- Technological Developments Such As Automated Deployment of Sutures
- Improvement of Miniaturized System
Restraints
- Longer Rehabilitation Period
- Damage to Articular Surface from Some of the Devices Used
Opportunities
- Growing Awareness about Sports Medicine
- Increase in the Number of Ambulatory Care Centers
Challenges
- Slightly Increased Risk to Neurovascular Structures
Key Market Developments:
In December 2018, Smith & Nephew has acquired meniscal repair system developer Ceterix Orthopaedics. Company has acquired the portfolio of NovoStitch Pro Meniscal Repair System. This acquisition has enabled surgeons to repair complex meniscal tears. With this acquisition, company is able to expands its portfolio.
In December 2020, Healthium Medtech has launch of 'Surestitch – the first 'Made in India' meniscal repair device. It is manufactured by Healthium as part of its arthroscopy range Sironix. Surestitch has an original product design with design patents applied in India and the US. With this launch, company has proven its unique featured products.
The market of Meniscal Repair is expected to grow with rising demand for number surgeries. Several companies are operating in the market to provide Meniscal Repair with unique. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio.
Target Audience:
Service Provider of Meniscal Repair, Healthcare Industry, Research Organizations and Governmental Bodies
Major Objectives Focused through this Study
To define, describe, and forecast the Global Meniscal Repair market on the basis of product [
] , application [Rotator Cuff Tears, Bicep Tendon Tear, ACL/PCL Injury and Meniscus Tears], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Meniscal Repair market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Meniscal Repair industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Verocel Inc. (United States), Parcus Medical (United States) and Arcuro Medical Ltd (Isreal).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Meniscal Repair market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.