Orthopedic Soft Tissue Repair Market Size, Share, Growth Analysis, By Application(Rotator Cuff Repair, Epicondylitis), By Injury Location(Knee, Shoulder) - Industry Forecast 2024-2031

Global Orthopedic Soft Tissue Repair Market size was valued at USD 6.60 billion in 2022 and is poised to grow from USD 7.15 billion in 2023 to USD 13.53 billion by 2031, growing at a CAGR of 8.3% in the forecast period (2024-2031).

The adoption and affordability of available treatment avenues are projected to be influential drivers of market expansion. Notably, the Global Burden of Diseases (GBD) study conducted in 2017 highlighted musculoskeletal injuries as contributing to 16% of all years lived with disability, positioning it as the leading contributor to the global disability index.

Conversely, the hip application segment is poised to exhibit the swiftest growth, boasting a CAGR of 8.8% over the forecast period. This remarkable growth can be attributed to the escalating occurrence of hip joint dysfunction triggered by soft tissue injuries. Such injuries surrounding the hip joint can lead to impaired joint functionality. Recent focus areas in hip pathology encompass concerns like hip impingement and labral tears. With an increasing prevalence of conditions such as labral tears, chondral damage, and ligamentum teres lesions in deep hip soft tissues that are not effectively treatable through physiotherapy alone, this segment has garnered considerable attention. Consequently, market players are being spurred to innovate novel devices and therapies to cater to the demand for more effective treatment solutions.

US Orthopedic Soft Tissue Repair Market is poised to grow at a sustainable CAGR for the next forecast year.