VANCOUVER, British Columbia,
June 21, 2017 /PRNewswire/
-- According to a new series of reports on the Europe market for orthopedic soft tissue
repair by iData Research (www.idataresearch.com), the changing
European population demographics is the main driver of growth for
the market. As more of the baby boomer generation reaches
retirement, their need for soft tissue arthroscopic surgery
increases. This combined with the popularization of active
lifestyles has made the need for orthopedic soft tissue repair
increase. Arthroscopic surgery is becoming the preferred method of
treatment as it is less invasive and reduces recovery time.
"The largest segment in the European orthopedic soft tissue
repair market was the ACL/PCL fixation device market," explains
Jeffrey Wong, Strategic Analyst
Manager at iData Research. "The ACL/PCL fixation device market is
characterized by shifting product preferences for newer devices,
such as cortical fixation devices."
One major trend within the orthopedic soft tissue repair market
is the shift towards all-suture anchors, also known as soft
anchors. Suture anchors are used in many segments in the market and
the emergence of this new segment has shifted the dynamic of some
of the segments. All-sutures have been gaining market share in both
the rotator cuff repair and shoulder labrum repair markets. As a
result, many competitors have introduced their own all-suture
anchor products.
The fastest growing segment in the European soft tissue repair
and sports medicine market is the meniscal repair market. This was
largely attributed to the continued transition towards hybrid
devices. Hybrid devices command a premium price and have excellent
clinical outcomes. Therefore, rapid adoption of these new devices
has propelled the market into fast growth. Europe's aging population coupled with an
increasingly active population has also augmented the number of
procedures being performed as more people are likely to get
injured. This market is expected to carry on growing at an
accelerated rate.
The European orthopedic soft tissue market is largely controlled
by three main companies: Smith & Nephew, Arthrex and DePuy
Mitek. In addition to their current dominance in the market, they
are also very active in product innovation which creates emerging
markets that will drive growth in the market. These three companies
maintain their lead in the market with their presence in the
largest segments of the market. Collectively, Arthrex, Smith &
Nephew and DePuy Mitek mainly focus on the rotator cuff, shoulder
labrum, ACL/PCL fixation, meniscal repair and hip arthroscopy
markets. Arthrex has further maintained their position with a wide
range of products and surgeon training.
Other notable companies include Zimmer Biomet, ConMed Linvatec,
Stryker, Wright Medical, TETEC and CO.DON. These companies are
important as they provide product innovations that drive market
growth and the leading market competitors will follow the trends,
such as Zimmer Biomet creating the all-suture anchor market.
For Further Information
More on the orthopedic soft tissue repair market in Europe can be found in a series of reports
published by iData Research entitled the Europe Market Report Suite
for Orthopedic Soft Tissue Repair Devices. The full report suite
includes reports on the following markets: tendon reinforcement
grafts, suture anchors, interference screws, intratunnel fixation
devices, cortical fixation devices, cross-pins, washer and post,
osteochondral allografts, meniscal allografts, autologous
chondrocyte implantation, osteochondral autografts, juvenile
allograft implant and microfracture adjunct, suture meniscal repair
devices, implant meniscal repair devices, hybrid meniscal repair
devices, hip radiofrequency probes, banana blades, hip access kits
and disposable suture passers.
The iData report series on orthopedic soft tissue repair devices
covers the U.S. and 15 countries in Europe including Germany, France, the United
Kingdom (U.K.), Italy,
Spain, Benelux (Belgium, Netherlands and Luxemburg), Scandinavia (Finland, Denmark, Sweden and Norway), Portugal, Austria and Switzerland. Reports provide a comprehensive
analysis including units sold, market value, forecasts, as well as
detailed competitive market shares and analysis of major players'
success strategies in each market and segment. To find out more
about orthopedic soft tissue repair market data, register online or
email us at info@idataresearch.net for a Europe Market
Report Suite for Orthopedic Soft Tissue Repair Devices brochure and
synopsis.
About iData Research
iData Research (www.idataresearch.com) is an international
market research and consulting firm, dedicated to providing the
best in business intelligence for the medical device industry. Our
research empowers our clients by providing them with the necessary
tools to achieve their goals and do it right the first time. iData
covers research in: Spinal Implants and VCF, Spinal MIS, Orthopedic
Soft Tissue Repair and Regeneration, Orthopedic Trauma, Large &
Small Joints, Dental Operatory Equipment, Dental Material, Dental
Lasers, Dental Prosthetics, Dental CAD/CAM, Dental Bone Graft
Substitutes, Ultrasound, X-Ray Imaging, Diagnostic Imaging,
Oncology, Ophthalmics, Vascular Access, Laparoscopy, Urology,
Gynecology, Endoscopy, Interventional Cardiology, Cardiac Surgery,
Cardiac Rhythm Management, Electrophysiology, Operating Room
Equipment, Surgical Microscopes, Robotics and Surgical Navigation,
Anesthesiology, Wound Management, Orthopedics and more.
We have built a reputation and earned our clients' trust based
on consistent and uniquely intelligent research that allows our
customers to make confident decisions and impact their businesses.
A combination of market expertise and over a decade of experience
has resulted in a deep understanding of the medical device industry
that has inspired innovation and propelled our clients to
success.
Contact Info
Marvin Cidamon
Marketing Coordinator
iData Research Inc.
604-266-6933 Ext. 205
marvinc@idataresearch.net
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SOURCE iData Research