About Meniscal Repair Systems
Meniscal repair is a widely performed procedure, particularly now that meniscal repair techniques have advanced. The meniscus is an essential part of the knee joint's various functions, including shock absorption, joint stability, load transfer, and articular cartilage nutrition. It takes up nearly 60% of the region in contact between the tibial and femoral cartilages, leading to knee joint flexibility and complete joint conformity. A meniscal tear is a common injury that occurs during athletics and sports. A severe injury can necessitate surgery to repair.Various instruments, such as a depth probe, inserters, suture, and other tools, are used during meniscus repair surgery. Meniscus repair devices are designed to be used in meniscus repair and allograft transplant operations, including anchoring, insertion, and suturing the implant to the meniscal surface during implantation procedures. The infected or diseased meniscus is reinforced or replaced during a meniscus repair operation.A torn meniscus is a common complication of sports injuries. Athletes, especially those who compete in sports like football, soccer, and basketball, are at a higher risk. Traumatic knee injuries are very common in athletes. In addition to diagnosis, the initial care for these injuries is critical. A torn meniscus is one of the most common injuries in young athletes.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Leading companies in the meniscus repair systems industry are using acquisitions and alliances to take advantage of growth opportunities in various regional meniscus repair systems markets while also expanding their product range and global footprint. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Meniscal Repair Systems market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Smith & Nephew (United Kingdom), Stryker Corporation(United States), DePuy Synthes Company(United States), Zimmer Biomet(United States), Medtronic Plc (Ireland), Arthrex, Inc. (Germany), BioTek(United States) and CONMED Corporation(United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Orteq Sports Medicine Limited (United Kingdom), Arcuro Medical Ltd. (Israel) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Meniscal Repair Systems market by Type (All-inside Meniscal Repair System, Inside-out Meniscal Repair System, Outside-in Meniscal Repair System and Meniscal Root Repair System) and Region.
On the basis of geography, the market of Meniscal Repair Systems 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 Components, the sub-segment i.e. Repair Device will boost the Meniscal Repair Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Tear Type, the sub-segment i.e. Horizontal Tear will boost the Meniscal Repair Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Hospitals will boost the Meniscal Repair Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
All-Inside Meniscal Repair Technique
Market Growth Drivers:
Growing incidences of severe sports injuries, Increase in the Number of Road Accidents and Growing Geriatric Population, as the Elderly are More Vulnerable to Such Accidents
Challenges:
Lack of Skilled Professionals for Performing Meniscus Transplant and Repair Surgeries and Regulatory Approval For Devices
Restraints:
Infection, Nerve Damage, Knee Stiffness, And Severe Bleeding are All Risks Associated with Meniscus Repair and High Cost of Treatment and Surgery
Opportunities:
Growing Investment by Sports Industry in Development of Treatment
Market Leaders and their expansionary development strategies
In July 2021, introduced FAST-FIX FLEX, it's novel meniscal repair system that provides a surgeon-guided, bendable needle and shaft to offer access to all zones of the meniscus. and In May 2018, DePuy Synthes launched TRUESPAN Meniscal Repair System, a knee arthroscopy solution to simplify meniscal repair.
In September 2020, Smith+Nephew the global medical technology business, announced the launch of its NOVOSTITCH PRO Meniscal Repair System in Europe after successfully receiving CE mark certification. The NOVOSTITCH PRO Meniscal Repair System expands meniscal repair options to around 600,0001 European patients annually where the only previous option was removal.
Key Target Audience
Manufacturers of Meniscal Repair Systems, Suppliers of Meniscal Repair Systems, Wholesalers, Distributors and Retailers of Meniscal Repair Systems, Medical Device Manufacturers, Medical Research Institutes and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.