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2022

Tendon Repair Market

Tendon Repair Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type, by Application, by End User : Global Opportunity Analysis and Industry Forecast, 2022-2031

LS : Medical Devices & Supplies

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Author's: Madhuvanti Balkrishna Divekar| Kunal Sahu | Roshan Deshmukh
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Tendon Repair Market Research, 2031

The global tendon repair market size was valued at $1.8 billion in 2021, and tendon repair market size is projected to reach $3.2 billion by 2031, growing at a CAGR of 6.2% from 2022 to 2031. Tendon repair is surgery for the treatment of damaged tendon. A tendon is a tough, high-tensile-strength band of dense fibrous connective tissue that connects muscle to bone. A tendon repair surgery is help in bring back normal range of motion and function to an injured tendon. Tendon repair surgery is performed in shoulders, elbows, ankles, thighs, knees, and fingers because most of damage tendon affect these organs. Tendon injuries are more common among people whose occupations or recreational athletic activities require repetitive motion of the shoulder, knee, elbow, or ankle joints. Injuries to the tendons in the shoulder often occur among baseball players, window washers, violinists, dancers, carpenters, and some assembly line workers. 

Tendon Repair Market

In tendon repair surgery, a surgeon makes one or more small incisions (cuts) in the skin over the damaged tendon, sew the torn ends of the tendon together. Check the surrounding tissue to make sure no other injuries have occurred, such as injury to the blood vessels or nerves then close the incision and cover the area with sterile bandages or dressings. If there isn’t enough healthy tendon to reconnect, the surgeon may perform a tendon graft using a piece of tendon from another part of the body. It may be from the foot or toe, for example. On occasion, a tendon transfer (moving a tendon from one area to another) may be useful in restoring function. 

The major factors that drive the tendon repair market growth are surge in number of geriatric populations suffering from tendonitis; continuous increase in awareness regarding exercise, physical fitness; increase in interest of gym & body building, rise in sports related injuries and surge in road accident cases. The market is also growing due to rise in R&D investments, which are expected to offer lucrative opportunities for market expansion. 

Obesity is associated with a higher risk for serious diseases, such as arthritis, joint pain, and tendonitis. Obesity is a condition in which excess body fat has accumulated to such an extent that it may have a negative effect on health. Obesity affects almost one billion individuals worldwide, including 650 million adults, 340 million teenagers, and thirty-nine million children. This figure is still rising. Therefore, the rise in prevalence of obesity led to the market growth. For instance, according to the World Health Organization (WHO), in 2022, about 167 million children and adults will be overweight or obese by 2025, putting their health at risk. Moreover, increase in initiatives by governments & non-governmental organizations to promote awareness about tendon repair significantly contributes toward the growth of the industry.

However, the sales of tendon repair product have witnessed hindrances, owing to lack of skilled professionals for surgeries of damaged tendon in emerging and less developed countries, high-cost tendon repair surgeries are the key factors restraining the market. Strict regulatory rules regarding selling and lengthy approval time for tendon repair product are also hamper the market growth. Due to these factors, the sales of premium tendon repair product are minimum. Conversely, the introduction of new product of tendon repair into developing nations is anticipated to offer remunerative opportunities for the expansion of the global market during the forecast period. 

Furthermore, the healthcare business in developing nations is predicted to good tendon repair market opportunity as a result of various reasons, including increased investment in both the public and private sectors, rise in tendon injuries such as such as sprains, strains, tendinitis, contusions, rise in incidences wrist injuries, surge in number of obesity cases, and population expansion. Furthermore, an increase in healthcare spending is expected to promote the expansion of the healthcare business, which, in turn, is expected to fuel product demand.

Impact of Covid-19

The COVID-19 outbreak is anticipated to have a negative impact on the tendon repair market, as huge number of medical college and hospitals across the globe were restructured to increase the hospital capacity for patients diagnosed with COVID-19. The COVID-19 epidemic had a negative impact on the tendon repair market because priority is given to COVID-19 patient for treatment. Discovery and development of tendon repair product is slowing down during pandemic but did not stop. The significant reduction in clinical trials due to strict government guidelines against COVID-19. Surgeries of tendon damaged patients were postponed and home care setting care was preferred. Furthermore, the lockdown led to the disruption of manufacturing and transportation of healthcare essentials. However, owing to the introduction of various COVID-19 vaccination, people can readily reach out to hospital and pharmacy due to which the increase in demand of tendon repair product for the treatment of tendonitis and damaged tendon is expected. The demand of tendon repair product will also increase due to surge in requirement of product for the rescheduled tendon repair surgeries. Thus, such development is anticipated to bring stabilization and drive the growth of the tendon repair market during the forecast period.

The tendon repair market is segmented into Product Type, Application and End User.

The tendon repair market is segmented on the basis of product type, application, end user, and region. On the basis of product type, the market is classified into implants, suture anchor devices, grafts, screws and others. By application, the market is segregated into foot and ankle tendon repair, flexor and extensor tendon repair, rotator cuff tendon repair and others. Depending on end user, it is fragmented into hospitals and clinics, and ambulatory surgery centers. The tendon repair market is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).

Segment Review

Depending on product type, the suture anchor devices segment was the highest revenue contributor in the global market in 2021 due to extensive use of these products in tendon repair surgeries. The others segment is expected to witness highest CAGR during the forecast period, owing to novel tendon repair product offerings in this category expected to gain traction in coming years.

Tendon Repair Market
By Product Type
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Others segment Enterprises segment was the highest revenue contributor during the forecast period.

On the basis of application, the rotator cuff tendon repair segment generated maximum revenue in 2021 due to higher number of rotator cuff injuries. The foot and ankle tendon repair segment is expected to witness highest CAGR during the forecast period, owing to rise in physical exercise among children and adults, increase in interest of professional sports, and increase in number of athletes that are prone to foot and ankle tendon repair.

Tendon Repair Market
By Application
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Foot and ankle tendon repair segment Enterprises segment was the highest revenue contributor during the forecast period.

On the basis of end user, the hospitals and clinics segment was the highest tendon repair market share in 2021 due to high number of tendon repair surgeries carried out in these settings. The ambulatory surgery centers segment is expected to witness highest during the tendon repair market forecast period, owing to surge in number of these facilities, offering low-cost healthcare in comparison to hospitals.

Tendon Repair Market
By End User
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Ambulatory surgery centers segment is projected as the most lucrative segment.

 

Depending on region, the North America generated higher revenue in 2021 due to increasing sports injuries prone to tendon repair surgeries, and presence of hight number of tendon repair industry. Asia-Pacific is expected to witness highest CAGR during the forecast period owing to rise in awareness regarding tendon repair products, expected launch of tendon repair products and rise number of target population.

Tendon Repair Market
By Region
2031
North America 
Europe
Asia-Pacific
LAMEA

North America holds a dominant position in 2021.

The key players operating in the Tendon Repair Industry are Aevumed, Inc., Alafair Biosciences, Inc., Arthrex Inc., BioPro Inc., ConMed Corporation, Integra Lifesciences, Johnson & Johnson, Smith & Nephew, Stryker, TendoMend.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the tendon repair market analysis from 2021 to 2031 to identify the prevailing tendon repair market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the tendon repair market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global tendon repair market trends, key players, market segments, application areas, and market growth strategies.

Tendon Repair Market Report Highlights

Aspects Details
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Market Size By 2031

USD 3.2 billion

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Growth Rate

CAGR of 6.2%

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Forecast period

2021 - 2031

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Report Pages

263

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By Product Type
  • Implants
  • Suture anchor devices
  • Grafts
  • Screws
  • Others
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By Application
  • Foot and ankle tendon repair
  • Flexor and extensor tendon repair
  • Rotator cuff tendon repair
  • Others
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By End User
  • Hospitals and clinics
  • Ambulatory surgery centers
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest Of Asia Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

Aevumed, BioPro, Inc, Johnson & Johnson, Alafair Biosciences, Stryker Corporation., ConMed Corporation, Integra LifeSciences Holdings, TendoMed, Arthrex, Inc., Smith+Nephew

Analyst Review

This section provides opinions of top level CXOs in the tendon repair market. According to insights of CXOs, tendon repair is gaining high traction in the market, owing to increase in prevalence of tendonitis and obesity, rise in R&D investments in drug discovery & development, and increase in awareness regarding physical exercise & sports-related disease. Furthermore, key players in the market are focusing on adopting strategies to increase accessibility and utilization of tendon repair products in developing economies.

CXOs further added that tendon repair products provide relief from inflammation, help in lowering pain and help prevent from damaged tendon. Furthermore, experts of key companies believe surge in geriatric population, increase in athletes, and sportspersons who are more prone to tendon injuries such as strains, sprains that increase the demand for tendon product. The tendon repair market has witnessed growth, owing to rise in cases of tendon injuries in adults requiring temporary or permanent tendon repair surgery, thus increasing utilization of tendon repair products. The market gains interest of healthcare companies, owing to its unmet demands in developing economies such as India and China where the population is growing rapidly along with diabetes load. 

North America is expected to witness highest growth, in terms of revenue, owing to, robust healthcare infrastructure, presence of key players, and rise in healthcare expenditure. However, Asia-Pacific is anticipated to witness notable growth, owing to rise in geriatric population, unmet medical demands, initiatives by government & non-governmental organizations (NGOs) to promote awareness regarding tendon repair, and increase in public–private investments in the healthcare sector
 

Author Name(s) : Madhuvanti Balkrishna Divekar| Kunal Sahu | Roshan Deshmukh
Frequently Asked Questions?

The forecast period for Tendon Repair is 2022 to 2031.

The market value of Tendon Repair in 2021 is $1,752.87 million.

The total market value of Tendon Repair is $3,200.63 million in 2031.

Rotator cuff tendon repair is the leading application of Tendon Repair Market

North America is the largest regional market for Tendon Repair.

Top companies such as Smith & Nephew, Stryker, Arthrex Inc., BioPro Inc., and ConMed Corporation held a high market position in 2021.

Yes, the Tendon Repair report provides PORTER Analysis

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Tendon Repair Market

Global Opportunity Analysis and Industry Forecast, 2022-2031