U.S. Tendon Repair Market Size, Share & Trends Analysis Report By Product Type (Implants, Suture Anchor Devices), By Application (Bicep Tenodesis, Rotator Cuff Repair), And Segment Forecasts, 2022 - 2030
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U.S. Tendon Repair Market Growth & Trends
The U.S. tendon repair market size is expected to reach USD 1.47 billion by 2030 and is expected to expand at a CAGR of 7.0% during the forecast period, according to a new report by Grand View Research, Inc. The rapid rate at which the geriatric population across the country is rising for the past few years has been a major contributor to the market, in terms of patient numbers.
Furthermore, the yearly rise in sports-related injuries across all age groups also contributes to the growing target population for the tendon repair market in the U.S. The geriatric population in the US has crossed 50 million, and the number is set to increase in the coming years. Age-related degeneration of soft tissue makes them more susceptible to injuries and tears of soft tissue.
Sports-related injuries are rapidly increasing as more and more people actively engage in some form of physical activity. Professional athletes and specifically older athletes are more prone to tears and sprains in tendons and other soft tissue due to the nature of the sport they engage in.
For instance, the number of people suffering some form of injury from football and soccer is significantly greater than in other sporting activities. High contact and impact are both responsible factors for tendon injuries and tears, which often require surgical intervention or rehabilitation, or both. This is expected to bode well for the growth of the market.
The prevalence of musculoskeletal diseases in the U.S. is a big contributor to the patient pool. According to the United States Bone & Joint Initiative, 12% to 14% of the population in the U.S. is bound to visit a physician for back pain. These factors are the key drivers for the growth of the tendon repair market in the U.S.
The application segment was dominated by the rotator cuff repair category with a revenue share of 38.7% as of 2021. The major contributors are the rapidly aging population and sports-related injuries. A research article published in JSES Reviews, Reports and Techniques, stated that the number of rotator cuff repairs in the U.S. increased by 1.2% on annual basis between 2007-2016.
The bicep tenodesis application segment is expected to register the fastest growth over the forecast period. The injuries are more commonly associated with sports like baseball and tennis, among others. Age-related degeneration of soft tissue along with the above-stated factors is expected to propel the growth of the tendon repair market across the U.S.
Based on product type, the suture anchor devices segment was the largest category with the highest revenue share of 40.4% in 2021. These are commonly used in tendon repair surgeries for fixing bone to the tendon, in case of severe damage. These provide strength and stability to the repaired area; the types of sutures and anchors have been different as per advancing technologies.
The fastest growth was registered by the matrix and scaffolds type of products. The product category has been the rage, off-late due to the multifarious benefits over traditional repair methods. Mechanical fixation comes with its own set of complications, matrices and scaffolds are circumventing those and are resulting in better repair results and ease in second surgeries, if at all required and these factors are key drivers for the growth of the U.S. market.
The marked reduction in social interactions during the pandemic resulted in a severe fall in the number of patient visits for sports-related injuries, also there was a decrease in the number of elective procedures for the elderly, due to the overburdened state of the healthcare system. The market for U.S. tendon repair is expected to grow manifold, once social interaction resumes to its full capacity.
U.S. Tendon Repair Market Report Highlights
U.S. Tendon Repair Market Growth & Trends
The U.S. tendon repair market size is expected to reach USD 1.47 billion by 2030 and is expected to expand at a CAGR of 7.0% during the forecast period, according to a new report by Grand View Research, Inc. The rapid rate at which the geriatric population across the country is rising for the past few years has been a major contributor to the market, in terms of patient numbers.
Furthermore, the yearly rise in sports-related injuries across all age groups also contributes to the growing target population for the tendon repair market in the U.S. The geriatric population in the US has crossed 50 million, and the number is set to increase in the coming years. Age-related degeneration of soft tissue makes them more susceptible to injuries and tears of soft tissue.
Sports-related injuries are rapidly increasing as more and more people actively engage in some form of physical activity. Professional athletes and specifically older athletes are more prone to tears and sprains in tendons and other soft tissue due to the nature of the sport they engage in.
For instance, the number of people suffering some form of injury from football and soccer is significantly greater than in other sporting activities. High contact and impact are both responsible factors for tendon injuries and tears, which often require surgical intervention or rehabilitation, or both. This is expected to bode well for the growth of the market.
The prevalence of musculoskeletal diseases in the U.S. is a big contributor to the patient pool. According to the United States Bone & Joint Initiative, 12% to 14% of the population in the U.S. is bound to visit a physician for back pain. These factors are the key drivers for the growth of the tendon repair market in the U.S.
The application segment was dominated by the rotator cuff repair category with a revenue share of 38.7% as of 2021. The major contributors are the rapidly aging population and sports-related injuries. A research article published in JSES Reviews, Reports and Techniques, stated that the number of rotator cuff repairs in the U.S. increased by 1.2% on annual basis between 2007-2016.
The bicep tenodesis application segment is expected to register the fastest growth over the forecast period. The injuries are more commonly associated with sports like baseball and tennis, among others. Age-related degeneration of soft tissue along with the above-stated factors is expected to propel the growth of the tendon repair market across the U.S.
Based on product type, the suture anchor devices segment was the largest category with the highest revenue share of 40.4% in 2021. These are commonly used in tendon repair surgeries for fixing bone to the tendon, in case of severe damage. These provide strength and stability to the repaired area; the types of sutures and anchors have been different as per advancing technologies.
The fastest growth was registered by the matrix and scaffolds type of products. The product category has been the rage, off-late due to the multifarious benefits over traditional repair methods. Mechanical fixation comes with its own set of complications, matrices and scaffolds are circumventing those and are resulting in better repair results and ease in second surgeries, if at all required and these factors are key drivers for the growth of the U.S. market.
The marked reduction in social interactions during the pandemic resulted in a severe fall in the number of patient visits for sports-related injuries, also there was a decrease in the number of elective procedures for the elderly, due to the overburdened state of the healthcare system. The market for U.S. tendon repair is expected to grow manifold, once social interaction resumes to its full capacity.
U.S. Tendon Repair Market Report Highlights
- The U.S. market is expected to cross the USD 1 billion mark in terms of revenue by 2030
- The largest growing application for tendon repair was rotator cuff repair with a revenue share of 38.7% in 2021
- The biggest product category was suture anchor devices, with a share of over 40.4% in 2021
CHAPTER 1 RESEARCH METHODOLOGY & SCOPE
1.1 Market Segmentation & Scope
1.1.1 Estimates and Forecast Timeline
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR’s Internal Database
1.3.3 Secondary Sources
1.3.4 Primary Research
1.3.5 Details of Primary Research
1.4 Information or Data Analysis
1.4.1 Data Analysis Models
1.4.2 Research Methodology
1.5 Market Formulation & Validation
1.6 List of Secondary Sources
1.7 List of Primary Sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Market Outlook
CHAPTER 3 U.S. TENDON REPAIR MARKET VARIABLES, TRENDS & SCOPE
3.1 Penetration & Growth Prospect Mapping
3.2 U.S. Tendon Repair Market Dynamics
3.2.1 Market Driver Analysis
3.2.1.1 Increasing Target Population
3.2.1.2 Rising Incidence Rate of Sports-Related Injuries
3.2.1.3 Advancements in Sports Medicine
3.2.1.4 Technological Advancements
3.2.2 Market Restraint Analysis
3.2.2.1 Preference for Alternative Treatment
3.2.2.2 Strict Regulations for Launch of New Products
3.2.3 Industry Challenges
3.2.3.1 High Cost of Procedures
3.2.3.2 Low Acceptance of New Products
3.3 U.S. Tendon Repair Market Analysis Tools
3.3.1 Industry Analysis - PORTER’S
3.3.1.1 Bargaining power of suppliers
3.3.1.2 Bargaining power of the buyers
3.3.1.3 Threat of substitution
3.3.1.4 Threats of new entrants
3.3.1.5 Competitive rivalry
3.3.2 PESTEL Analysis
3.3.2.1 Political and Legal Landscape
3.3.2.2 Economic and Social Landscape
3.3.2.3 Environment and Technology Landscape
3.4 Major Deals & Strategic Alliances Analysis
3.5 Impact of COVID-19 on U.S. Tendon Repair Market
CHAPTER 4 U.S. TENDON REPAIR MARKET: PRODUCT ESTIMATES & TREND ANALYSIS
4.1 Product Dashboard
4.2 U.S. Tendon Repair Market: Product Movement Analysis, 2021 & 2030 (USD Million)
4.2.1 Implants
4.2.1.1 Implants market estimates and forecasts, 2016 - 2030 (USD Million)
4.2.2 Suture Anchor Devices
4.2.2.1 Suture Anchor Devices market estimates and forecasts, 2016 - 2030 (USD Million)
4.2.3 Grafts
4.2.3.1 Grafts market estimates and forecasts, 2016 - 2030 (USD Million)
4.2.4 Matrix/Scaffolds
4.2.4.1 Tendon Repair Matrix/Scaffolds
4.2.4.1.1 Tendon Repair Matrix/Scaffolds market estimates and forecasts, 2016 - 2030 (USD Million)
4.2.4.2 Tendon Protection Matrix/Scaffolds
4.2.4.2.1 Tendon Protection Matrix/Scaffolds market estimates and forecasts, 2016 - 2030 (USD Million)
4.2.5 Screws
4.2.5.1 Screws market estimates and forecasts, 2016 - 2030 (USD Million)
4.2.6 Others
4.2.6.1 Others market estimates and forecasts, 2016 - 2030 (USD Million)
CHAPTER 5 U.S. TENDON REPAIR MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
5.1 Application Dashboard
5.2 U.S. Tendon Repair Market: Application Movement Analysis, 2021 & 2030, (USD Million)
5.2.1 Rotator Cuff Repair
5.2.1.1 Rotator Cuff Repair market estimates and forecasts, 2016 - 2030 (USD Million)
5.2.2 Achilles Tendinosis Repair
5.2.2.1 Achilles Tendinosis Repair market estimates and forecasts, 2016 - 2030 (USD Million)
5.2.3 Cruciate Ligaments Repair
5.2.3.1 cruciate ligaments repair market estimates and forecasts, 2016 - 2030 (USD Million)
5.2.4 Biceps Tenodesis
5.2.4.1 Biceps Tenodesis market estimates and forecasts, 2016 - 2030 (USD Million)
5.2.5 Others
5.2.5.1 Others market estimates and forecasts, 2016 - 2030 (USD Million)
CHAPTER 6 COMPETITIVE ANALYSIS
6.1 Recent Developments and Impact Analysis, by Key Market Participants
6.2 Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
6.3 Company Market Position Analysis
6.4 Company Market Share Analysis, 2021
CHAPTER 7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 INTEGRA LIFESCIENCES CORPORATION
7.1.1.1 Company overview
7.1.1.2 Financial performance
7.1.1.3 Product benchmarking
7.1.1.4 Strategic initiatives
7.1.2 ARTHREX, INC.
7.1.2.1 Company overview
7.1.2.2 financial performance
7.1.2.3 Product benchmarking
7.1.2.4 Strategic initiatives
7.1.3 TENDOMEND
7.1.3.1 Company overview
7.1.3.2 Product benchmarking
7.1.3.3 Strategic initiatives
7.1.4 CONMED CORPORATION
7.1.4.1 Company overview
7.1.4.2 Financial performance
7.1.4.3 Product benchmarking
7.1.4.4 Strategic initiatives
7.1.5 STRYKER CORPORATION
7.1.5.1 Company overview
7.1.5.2 Financial performance
7.1.5.3 Product benchmarking
7.1.5.4 Strategic initiatives
7.1.6 SMITH & NEPHEW
7.1.6.1 Company overview
7.1.6.2 Financial performance
7.1.6.3 Product benchmarking
7.1.6.4 Strategic initiatives
7.1.7 ALAFAIR BIOSCIENCES
7.1.7.1 Company overview
7.1.7.2 Product benchmarking
7.1.7.3 Strategic initiatives
7.1.8 MIMEDX GROUP, INC.
7.1.8.1 Company overview
7.1.8.2 Product benchmarking
7.1.8.3 strategic initiatives
1.1 Market Segmentation & Scope
1.1.1 Estimates and Forecast Timeline
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR’s Internal Database
1.3.3 Secondary Sources
1.3.4 Primary Research
1.3.5 Details of Primary Research
1.4 Information or Data Analysis
1.4.1 Data Analysis Models
1.4.2 Research Methodology
1.5 Market Formulation & Validation
1.6 List of Secondary Sources
1.7 List of Primary Sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Market Outlook
CHAPTER 3 U.S. TENDON REPAIR MARKET VARIABLES, TRENDS & SCOPE
3.1 Penetration & Growth Prospect Mapping
3.2 U.S. Tendon Repair Market Dynamics
3.2.1 Market Driver Analysis
3.2.1.1 Increasing Target Population
3.2.1.2 Rising Incidence Rate of Sports-Related Injuries
3.2.1.3 Advancements in Sports Medicine
3.2.1.4 Technological Advancements
3.2.2 Market Restraint Analysis
3.2.2.1 Preference for Alternative Treatment
3.2.2.2 Strict Regulations for Launch of New Products
3.2.3 Industry Challenges
3.2.3.1 High Cost of Procedures
3.2.3.2 Low Acceptance of New Products
3.3 U.S. Tendon Repair Market Analysis Tools
3.3.1 Industry Analysis - PORTER’S
3.3.1.1 Bargaining power of suppliers
3.3.1.2 Bargaining power of the buyers
3.3.1.3 Threat of substitution
3.3.1.4 Threats of new entrants
3.3.1.5 Competitive rivalry
3.3.2 PESTEL Analysis
3.3.2.1 Political and Legal Landscape
3.3.2.2 Economic and Social Landscape
3.3.2.3 Environment and Technology Landscape
3.4 Major Deals & Strategic Alliances Analysis
3.5 Impact of COVID-19 on U.S. Tendon Repair Market
CHAPTER 4 U.S. TENDON REPAIR MARKET: PRODUCT ESTIMATES & TREND ANALYSIS
4.1 Product Dashboard
4.2 U.S. Tendon Repair Market: Product Movement Analysis, 2021 & 2030 (USD Million)
4.2.1 Implants
4.2.1.1 Implants market estimates and forecasts, 2016 - 2030 (USD Million)
4.2.2 Suture Anchor Devices
4.2.2.1 Suture Anchor Devices market estimates and forecasts, 2016 - 2030 (USD Million)
4.2.3 Grafts
4.2.3.1 Grafts market estimates and forecasts, 2016 - 2030 (USD Million)
4.2.4 Matrix/Scaffolds
4.2.4.1 Tendon Repair Matrix/Scaffolds
4.2.4.1.1 Tendon Repair Matrix/Scaffolds market estimates and forecasts, 2016 - 2030 (USD Million)
4.2.4.2 Tendon Protection Matrix/Scaffolds
4.2.4.2.1 Tendon Protection Matrix/Scaffolds market estimates and forecasts, 2016 - 2030 (USD Million)
4.2.5 Screws
4.2.5.1 Screws market estimates and forecasts, 2016 - 2030 (USD Million)
4.2.6 Others
4.2.6.1 Others market estimates and forecasts, 2016 - 2030 (USD Million)
CHAPTER 5 U.S. TENDON REPAIR MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
5.1 Application Dashboard
5.2 U.S. Tendon Repair Market: Application Movement Analysis, 2021 & 2030, (USD Million)
5.2.1 Rotator Cuff Repair
5.2.1.1 Rotator Cuff Repair market estimates and forecasts, 2016 - 2030 (USD Million)
5.2.2 Achilles Tendinosis Repair
5.2.2.1 Achilles Tendinosis Repair market estimates and forecasts, 2016 - 2030 (USD Million)
5.2.3 Cruciate Ligaments Repair
5.2.3.1 cruciate ligaments repair market estimates and forecasts, 2016 - 2030 (USD Million)
5.2.4 Biceps Tenodesis
5.2.4.1 Biceps Tenodesis market estimates and forecasts, 2016 - 2030 (USD Million)
5.2.5 Others
5.2.5.1 Others market estimates and forecasts, 2016 - 2030 (USD Million)
CHAPTER 6 COMPETITIVE ANALYSIS
6.1 Recent Developments and Impact Analysis, by Key Market Participants
6.2 Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
6.3 Company Market Position Analysis
6.4 Company Market Share Analysis, 2021
CHAPTER 7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 INTEGRA LIFESCIENCES CORPORATION
7.1.1.1 Company overview
7.1.1.2 Financial performance
7.1.1.3 Product benchmarking
7.1.1.4 Strategic initiatives
7.1.2 ARTHREX, INC.
7.1.2.1 Company overview
7.1.2.2 financial performance
7.1.2.3 Product benchmarking
7.1.2.4 Strategic initiatives
7.1.3 TENDOMEND
7.1.3.1 Company overview
7.1.3.2 Product benchmarking
7.1.3.3 Strategic initiatives
7.1.4 CONMED CORPORATION
7.1.4.1 Company overview
7.1.4.2 Financial performance
7.1.4.3 Product benchmarking
7.1.4.4 Strategic initiatives
7.1.5 STRYKER CORPORATION
7.1.5.1 Company overview
7.1.5.2 Financial performance
7.1.5.3 Product benchmarking
7.1.5.4 Strategic initiatives
7.1.6 SMITH & NEPHEW
7.1.6.1 Company overview
7.1.6.2 Financial performance
7.1.6.3 Product benchmarking
7.1.6.4 Strategic initiatives
7.1.7 ALAFAIR BIOSCIENCES
7.1.7.1 Company overview
7.1.7.2 Product benchmarking
7.1.7.3 Strategic initiatives
7.1.8 MIMEDX GROUP, INC.
7.1.8.1 Company overview
7.1.8.2 Product benchmarking
7.1.8.3 strategic initiatives
LIST OF TABLES
Table 1 List of secondary data sources
Table 2 U.S. Tendon Repair Market, by product, 2016 - 2030 (USD Million)
Table 3 U.S. Tendon Repair Market, by application, 2016 - 2030 (USD Million)
Table 1 List of secondary data sources
Table 2 U.S. Tendon Repair Market, by product, 2016 - 2030 (USD Million)
Table 3 U.S. Tendon Repair Market, by application, 2016 - 2030 (USD Million)
LIST OF FIGURES
Fig. 1 Market segmentation
Fig. 2 Estimates and Forecast Timeline
Fig. 3 Market research process
Fig. 4 Data triangulation techniques
Fig. 5 Primary research pattern
Fig. 6 Information analysis and market formulation process
Fig. 7 Market research approaches
Fig. 8 Value-chain-based sizing & forecasting
Fig. 9 QFD modeling for market share assessment
Fig. 10 Market formulation & validation
Fig. 11 U.S. Tendon Repair Market summary, 2021 (USD Million)
Fig. 12 U.S. Tendon Repair Market trends & outlook
Fig. 13 Penetration & growth prospect mapping
Fig. 14 Market driver relevance analysis (Current & future impact)
Fig. 15 Market restraint relevance analysis (Current & future impact)
Fig. 16 U.S. Tendon Repair Market, product type outlook key takeaways (USD Million)
Fig. 17 U.S. Tendon Repair Market: Product movement analysis, 2021 & 2030 (USD Million)
Fig. 18 Implants market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 19 Suture anchor devices market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 20 Grafts market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 21 Tendon repair matrix/scaffolds market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 22 Tendon protection matrix/scaffolds market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 23 Screws market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 24 Others market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 25 U.S. Tendon Repair Market, application outlook key takeaways (USD Million)
Fig. 26 U.S. Tendon Repair Market: Application movement analysis, 2021 & 2030 (USD Million)
Fig. 27 Rotator cuff repair market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 28 Achilles tendinosis repair market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 29 Cruciate ligaments repair market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 30 Biceps Tenodesis market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 31 Others market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 32 Recent developments & impact analysis
Fig. 33 Company/Competition categorization (key innovators, market leaders, emerging players)
Fig. 34 Company market position analysis
Fig. 35 Company market share analysis, 2021
Fig. 1 Market segmentation
Fig. 2 Estimates and Forecast Timeline
Fig. 3 Market research process
Fig. 4 Data triangulation techniques
Fig. 5 Primary research pattern
Fig. 6 Information analysis and market formulation process
Fig. 7 Market research approaches
Fig. 8 Value-chain-based sizing & forecasting
Fig. 9 QFD modeling for market share assessment
Fig. 10 Market formulation & validation
Fig. 11 U.S. Tendon Repair Market summary, 2021 (USD Million)
Fig. 12 U.S. Tendon Repair Market trends & outlook
Fig. 13 Penetration & growth prospect mapping
Fig. 14 Market driver relevance analysis (Current & future impact)
Fig. 15 Market restraint relevance analysis (Current & future impact)
Fig. 16 U.S. Tendon Repair Market, product type outlook key takeaways (USD Million)
Fig. 17 U.S. Tendon Repair Market: Product movement analysis, 2021 & 2030 (USD Million)
Fig. 18 Implants market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 19 Suture anchor devices market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 20 Grafts market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 21 Tendon repair matrix/scaffolds market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 22 Tendon protection matrix/scaffolds market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 23 Screws market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 24 Others market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 25 U.S. Tendon Repair Market, application outlook key takeaways (USD Million)
Fig. 26 U.S. Tendon Repair Market: Application movement analysis, 2021 & 2030 (USD Million)
Fig. 27 Rotator cuff repair market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 28 Achilles tendinosis repair market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 29 Cruciate ligaments repair market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 30 Biceps Tenodesis market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 31 Others market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 32 Recent developments & impact analysis
Fig. 33 Company/Competition categorization (key innovators, market leaders, emerging players)
Fig. 34 Company market position analysis
Fig. 35 Company market share analysis, 2021
