The global orthopedic soft tissue repair market is expected to reach an estimated value of $8.5 billion by 2019, according to a new report by Transparency Market Research.
In 2013, the market was valued at $5.6 billion and it is expected to grow at a compound annual growth rate of 7.2 percent from 2013 to 2019.
Some of the key driving factors for the market are an aging population, increased obesity rate, introduction of new medicine technologies and the high incidence rate of soft tissue damage and sports injuries, according to the report.
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