What is Meniscal Repair Systems Market?
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.
The market study is being classified by Type (All-inside Meniscal Repair System, Inside-out Meniscal Repair System, Outside-in Meniscal Repair System and Meniscal Root Repair System) and major geographies with country level break-up.
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), CONMED Corporation(United States), Orteq Sports Medicine Limited (United Kingdom) and Arcuro Medical Ltd. (Israel) are some of the key players profiled in the study.
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. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Meniscal Repair Systems market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Meniscal Repair Systems market by Type, Application 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing incidences of severe sports injuries
- Increase in the Number of Road Accidents
- Growing Geriatric Population, as the Elderly are More Vulnerable to Such Accidents
- All-Inside Meniscal Repair Technique
- Infection, Nerve Damage, Knee Stiffness, And Severe Bleeding are All Risks Associated with Meniscus Repair
- High Cost of Treatment and Surgery
- Growing Investment by Sports Industry in Development of Treatment
- Lack of Skilled Professionals for Performing Meniscus Transplant and Repair Surgeries
- Regulatory Approval For Devices
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 AudienceManufacturers 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
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Meniscal Repair Systems Market?
"Growing incidences of severe sports injuries
" is seen as one of major growth factors of Meniscal Repair Systems Market in years to come.
2. Can we have customized study for Meniscal Repair Systems Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.