Billion-Dollar Soft Tissue Repair Market to rise by USD 3.42 Bn through 2023-2027 | North America to Dominate Market Landscape
The Global Soft Tissue Repair Market is expected to grow at a 4.5% compound annual growth rate (CAGR) followed by USD 3.42 billion between 2022 and 2027.Technavio has been monitoring the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
North America to Dominate Market Landscape
North America will account for 34% of the global market's growth throughout the projected timeframe.In the US, increased funding from the National Institutes of Health (NIH) and the Agency for Research and Biomedical Advanced Development (BARDA) will promote product development due to the growing demand for stem cell and tissue products intended to cure various ailments.
Application of stem cells and advancements in nanotechnology will fuel the growth of the cell treatment industry in the region.
Fastest Growing Topography of the Global Soft Tissue Repair Market
Technavio's report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.
3M Co., Acera Surgical Inc., AlloSource, Arthrex Inc., Artivion Inc., Becton Dickinson and Co., Conmed Corp., Ed. Geistlich Sohne AG, Integra Lifesciences Corp., Johnson and Johnson, JRF Ortho, Koninklijke DSM NV, LifeCell International Pvt. Ltd., LifeNet Health Inc., Medtronic Plc, RTI Surgical Inc., Smith and Nephew plc, Stryker Corp., Tissue Regenix Group Plc, and Zimmer Biomet Holdings Inc.are some of the major market participants.
Firms Like Medtronic and others, are investing more in R&D to create cutting-edge medical treatments thus propelling market development and advancement.Learn more about the market dynamics and the aspects that our report's in-depth analysis predicts will have the biggest impact on the market under review.
Soft Tissue Repair Market Highlights of the Report for 2023-2027