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Knee Replacement Systems Contributing Large Share

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Ashish Thapa
  Knee Replacement Systems Contributing Large Share

Market Overview:

Meniscus repair systems are used for fixing meniscus tears during knee surgeries. They offer advantages like less invasive procedures, faster recovery times, and improved knee functionality compared to traditional open surgeries. The growing incidence of sports injuries and obesity is fueling the need for effective meniscus repair treatment options.

Market key trends:

One of the key trends in the meniscus repair systems market is the rising preference for all-inside suture repair systems. All-inside suture devices allow surgeons to access and repair tears in the inner half of the meniscus from the inside out through smaller incisions. This technique produces less soft tissue damage compared to other arthrotomy techniques. It offers benefits like reduced post-operative pain and faster recovery times.

Segment Analysis

The global meniscus repair systems market is segmented by product, application, end-user, and region. Based on product, the allografts segment is expected to dominate the market during the forecast period. Allografts are increasingly being adopted for meniscus repair procedures owing to their biocompatibility and ability to integrate well with host tissues.

The global Meniscus Repair Systems Market Share is estimated to be valued at US$ 858.7 Million in 2023 and is expected to exhibit a CAGR of 8.7% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights.


Key Takeaways

The global meniscus repair systems market is expected to witness high growth, exhibiting a CAGR of 8.7% over the forecast period from 2023 to 2030, due to the rising incidence of meniscus injuries among athletes and elderly population.

The market size is expected to reach USD 858.7 million in 2023.

Regionally, North America is expected to dominate the market during the forecast period. This is attributed to factors such as rising healthcare expenditure, growing geriatric population, and increasing sports injuries in the region.

Key players operating in the meniscus repair systems market are Smith & Nephew, DePuy Synthes, Stryker, Zimmer Biomet, Arthrex, Medtronic, Conmed, Schwartz Biomedical, RTI Surgical, Orteq, Baxter, Geistlich, Anika Therapeutics, B. Braun Melsungen, Cayenne Medical, Enetec Pharmaceuticals, Ivy Sports Medicine, Neotherix, OrthogenRx, Osiris Therapeutics. These players are focusing on new product launches and expansion of their global footprints to gain a competitive edge in the market.


Read More: https://www.dailyprbulletin.com/meniscus-repair-systems-market-size-and-share-analysis/

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Ashish Thapa
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