Portland, OR, Feb. 28, 2019 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, “Soft tissue repair market by Base Ingredient, Flavor, and Component: Global Opportunity Analysis and Industry Forecast, 2018-2025.” According to the report, the global soft tissue repair market garnered $16.55 billion in 2017 and is expected to reach $25.63 billion by 2025, registering a CAGR of 5.6% from 2018 to 2025.
The report provides an in-depth analysis of the global soft tissue repair market, covering aspects such as current market size and share, market classification, market drivers, restraints and opportunities, and competitive landscape. The information in the report is a result of an extensive primary and secondary research.
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This report is a complete study of the industry growth drivers, restraints, and opportunities of the market. Using these factors, the study identifies the various trends which are expected to influence the market growth during the forecast period. Factors such as rise in obese population, rise in geriatric population, and increase in sport-related injuries drive the market. Nonetheless, lack of reimbursement and high cost of these procedures restrict the market growth. On the other hand, launch of novel products in emerging countries is projected to offer new opportunities for the growth of the market.
The soft tissue repair market report studies each of the segments and its sub divisions elaborately. The market is segmented based on type, application, and region. Based on type, it is classified into tissue mesh, laparoscopic instrument, and fixation device. The laparoscopic instruments segment captured 43% of the market share and is expected to dominate the market through 2025. The application segment is divided into breast reconstruction, dental repair, dural repair, head & neck product, hernia repair, orthopedic repair, pelvic & vaginal prolapse repair, and skin repair. The dental repair segment would grow at the fastest CAGR of 6.4% from 2018 to 2025. Geographically, the market analysis covers North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific would grow at the fastest CAGR of 10.2% during the forecast period.
The report also includes an analysis of the leading market players who are proactively investing in their development and business expansion to effectively cater to the needs of consumers. They include Allergan Plc. (LifeCell Corporation), Athersys, Inc., CryoLife, Inc., Integra Lifesciences Corporation, Medtronic Plc., Organogenesis Inc., Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew plc., and Becton, Dickinson and Company (C.R. Bard).
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