Meniscus repair systems market to exhibit dynamic growth during the forecast period.
The global meniscus repair systems market is developing competently, expected to grow at a CAGR of 7.6%. Globally, an increasing number of meniscal allograft transplant and repair procedures will drive overall market growth. Furthermore, increasing awareness about advanced medical technology and rising hospital admissions for osteoarthritis will spur revenue growth. Additionally, the launch of integrated repair solutions for all-inside meniscal repair, outside/in or inside out meniscal repair, root repair techniques, and other advanced applications are major key factors driving the growth of the meniscus repair systems market on a global scale.
Market Synopsis
All-Inside meniscal repair systems are expected to register higher growth by the end of 2027
In 2018, the all-inside meniscal repair system accounted for the largest share of the global market. These are mainly designed with the strength of inside-out repairs and deliver biomechanically strong outcomes with enhanced single insertion techniques. Top products include CrossFix® meniscal repair system, NovoStitch Pro, Sequent® meniscal repair device, and others. Additionally, rising sports injuries, surging number of osteoarthritis in the aging population, and new technology expansion in the sports medicine industry are key factors driving the overall demand for meniscal repair systems. Furthermore, expanding new suture systems, regulatory approvals, new product launches, partnerships, and acquisitions will boost the market growth soon. E.g., In April 2018, Ceterix Orthopaedics, Inc. announced that NovoStitch enables surgeons "to place stitches arthroscopically in close-fitting joint compartments, permitting them to treat and repair intricate meniscal tears.
Radial tear witnessing a significant CAGR
Radial meniscus tears are witnessed more in the young population (mainly, especially with anterior cruciate ligament breaks) and actively indulged sports activities. Enhanced techniques for radial tears include the cross suture, inside-out, or outside-in repair for a complete radial tear of the lateral meniscus and others. The recent brief, reliable, and legal classification system for meniscal tears is the International Society of Arthroscopy, Knee Surgery, and Orthopaedic Sports Medicine (ISAKOS). Complexity in repairing and treating a few horizontal or longitudinal tears may restrain the market growth. Advancements in surgical techniques for radial and other complex tears will boost the market growth. Advanced products with top applications manufactured in the U.S. and Europe markets by Zimmer, Stryker, Conmed, Arthrex, and others will further spur revenue growth in the applications segment. For instance, in June 2018, Arturo Medical Ltd. received approval from the U.S. FDA for its SuperBall meniscus repair system.
Increased research and development with solid product pipelines in the developed regions
Major players in the meniscus repair systems market are Stryker Corporation, Zimmer Biomet, CONMED Corporation, Arthrex, Inc., Johnson & Johnson, Medtronic Plc, (Ceterix Orthopaedics), Smith & Nephew plc., Orteq Sports Medicine Ltd (Saratoga Partners LLC), Arturo Medical Ltd., EBERLE GmbH & Co. KG, BIOTEK - CHETAN MEDITECH PVT. LTD. and others. Top manufacturers are developing with advanced expertise with integrated technology. Acquisitions, partnerships, new technology expansion, and improved R&D will invent the development of the meniscus repair systems market in developing nations in the near future. For instance, in December 2018, Smith & Nephew plc. announced the acquisition of Ceterix Orthopedics Inc.
Historical & Forecast Period
This study report represents an analysis for each segment from 2017 to 2027, considering 2018 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.
Segmentation Product Type (2017–2027; US$ Mn)
All-Inside Meniscal Repair System
Outside-In Meniscal Repair System
Inside-Out Meniscal Repair System
Meniscal Root Repair System
Application Segment (2017–2027; US$ Mn)
Radial Tear
Horizontal Tear
Flap Tear
Complex Tear
Bucket-Handle Tear
Oblique Tear
End User Segment (2017–2027; US$ Mn)
Hospitals
Orthopedic Clinics
Ambulatory Surgical Centers
Geography Segment (2017–2027; US$ Mn)
North America (the U.S., Rest of North America)
Europe (U.K., Germany, France, Rest of Europe)
Asia Pacific (Japan, China, India, Rest of Asia Pacific)
Rest of the World (the Middle East & Africa, Latin America)
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities to understand the overall meniscus repair systems market better. The global report also represents the competitive landscape based on market initiatives and strategies, product portfolio, and business strengths.
Frequently Asked Questions:
The market for Meniscus Repair Systems is expected to reach US$ XX Bn in 2027.
The Meniscus Repair Systems market is expected to see significant CAGR growth over the coming years, at 7.6%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.
Stryker Corporation, Zimmer Biomet, CONMED Corporation, Arthrex, Inc., Johnson & Johnson, Medtronic Plc, (Ceterix Orthopaedics) Smith & Nephew plc., Orteq Sports Medicine Ltd (Saratoga Partners LLC), Arcuro Medical Ltd. are some of the major players in the global market.
