Here are five key points on the orthopedic soft tissue repair market.
1. The market was valued at $5.6 billion in 2013.
2. Experts expect the market to grow at a CAGR of 7.2 percent from 2013 to 2019. The growth can be attributed to the soaring rates of sports-related injuries.
3. Other factors driving the orthopedic soft tissue repair market include the aging population, rising obesity rates, new medicine technologies, high rates of soft tissue damage, more healthcare expenditures and no substitutes for soft tissue repair surgery.
4. Various factors may inhibit the market’s growth such as the increasing cost of surgical procedures, the public’s insufficient awareness about orthopedic soft tissue pair as well as lower reimbursements by payers for orthopedic sports-related injuries.
5. Presently, North America has the largest orthopedic soft tissue repair market and Asia has the fastest growing market for orthopedic soft tissue repair.
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