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Meniscal repair is one of the commonly conducted procedure, especially with the advancements in meniscal repair techniques. The meniscus is a major component in various key functions related with the knee joint such as shock absorption, joint stability, load transmission, and articular cartilage nutrition. It occupies almost 60% of the area that is in contact between tibial and femoral cartilages, contributing to stability of knee joint and total joint conformity. Meniscal tear is an injury commonly reported during athletics and sports activities. Severe injury may need a repair surgery. During the meniscus repair surgery, various devices such as depth probe, inserters, suture, and other equipment are used. Meniscus repair systems are intended for utilization in meniscus repair surgeries as well as meniscal allograft transplant surgeries including anchoring, insertion, or suturing the implant to the meniscal surface during implantation procedures. A meniscus repair surgery is conducted to reinforce or replace the affected or diseased meniscus.
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Growing incidences of severe sports injuries coupled with rising geriatric population, as the aging population is highly prone to such injuries are the key aspects making adoption of meniscus repair systems inevitable, thereby driving the market growth of meniscus repair systems. Undeveloped bones, insufficient rest after injury, poor training and conditioning adds to the overdo injuries that amplify the risk and complications associated with sports-related injuries. The growing complications in sports injuries in mainly due to growing interests in adventure sports including rugby, growth in sporting culture, autoimmune diseases and others are fuelling the demand for these systems will favor a high adoption rate for meniscus repair systems around the world. Furthermore, rising prevalence of diseases including trauma, arthritis, caused in sports activities or other physical exertion activities, long-term wear and tear due to occupational hazards exhausting the knee joints is expected to stimulate meniscus repair systems business growth. Meniscus repair systems are highly effective in preventing the development of osteoarthritis, which is gaining notable momentum, which will boost the growth of meniscus repair systems market. Additionally, sedentary lifestyles and lack of physical inactivity are the other factors spurring the growth of meniscal repair systems market. Technological advances gave facilitated the market development owing to manufacturing of miniaturized systems with the help of chrome-based materials along with computer-assisted deployment of sutures during surgeries.
On the contrary, dearth of skilled medical professionals for performing meniscus transplant and repair surgeries, high costs involved with these systems and complications associated with its use like post-surgery stiffness and infection may arrest the meniscal repair systems market growth to some extent. In addition to this, ambiguities over prolonged outcome is another factor impeding the growth of meniscus repair systems market.
Commercialization of ergonomic solutions offered, featuring novel knotting coupled with low needle profile would help major market players with new growth avenues and opportunity to boost their market expansion.
Launch of innovative products by key industry players and rising emphasis on products aiding in circumstances of sports-related and trauma injuries would elucidate the market growth. For instance, DePuy Synthes introduced TRUESPAN Meniscal Repair System in May 2018. It is a knee arthroscopy system that simplifies meniscal repair, further increasing the penetration of these arthroscopic devices in emerging markets. Similarly, April 2018 witnessed FDA approval Ceterix Orthopaedics’ advanced meniscal repair system NovoStitch Pro Meniscal Repair System. The product is company’s response for the rising market demand for innovative solution owing to rising arthroscopic knee repair procedures. Furthermore, Zimmer Biomet invested in Cayenne Medical to gain maximum share in sports medicine segment. These product launches would ensure market growth in coming years of meniscus repair systems.
Immense rise in interests in the sports and adventure-based activities have resulted in tremendous patient pools suffering with musculoskeletal, knee and limb injuries. The cases of road accidents is also on rise in the past few decades. These incidences result in maladies related to meniscus, joints, and limbs. Furthermore, severe injuries potentially lead to knee fractures, and trauma. The World Health Organization statistics stated that in the year 2018, approximately 20 million to 50 million injuries were reported owing to road accidents annually around the world. Road accidents, being one of the prominent causes of death, inflicts fatalities on individuals at a ripe age of 5 to 29 years. Thus growth in road accidents and sports and adventure activities related injuries would surge the demand for meniscus repair systems thereby augmenting the market growth in coming years.
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