Press release
The Meniscus Repair Systems Market to Ride on Digitized Hegemony
Meniscus Repair Systems Market 2022-2027
The Meniscus Repair Systems Market is slated to grow unstoppably in the years to come. The healthcare providers are, of late, making way for more specialized and timely treatment through same-day surgeries, outpatient surgeries, and likewise. ASCs (Ambulatory Surgical Centers) are preferred over conventional hospital settings. As such, cost-effective medical services could be provided. This type of customization is expected to take the healthcare vertical by storm in the future.
According to the latest research by Persistence Market Research, the global meniscus repair systems market is expected to be valued at US$ 771.0 Mn by the end of 2028. The meniscus repair systems market is expected to grow with a CAGR of 8.7% during the forecast period 2018-2028. The growth of the meniscus repair systems market can be attributed to the growing number of sports injuries.
According to the OECD stats, globally, approximately 18% of women and 10% of men aged 60 years and above suffer from symptomatic injuries in their anterior cruciate ligament and meniscus, and this predisposes them to osteoarthritis later in their lives. The need for meniscus repair surgeries for the prevention of osteoarthritis is expected to boost the demand for meniscus repair systems over the forecast period.
Get Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/27646
Company Profiles:
Stryker Corporation
DePuy Synthes Company (Johnson & Johnson)
Room Biomet
Medtronic Plc
Smith & Nephew, Inc
Arthrex, Inc.
Arcuro Medical Ltd.
Other
Key manufacturers in the meniscus repair systems market follow different strategies to grow their businesses as well as to penetrate the meniscus repair systems market. Regulatory approvals and product launches are some of the strategies that are most commonly followed by players in the meniscus repair systems market. Orthopedic device manufacturers are working on expanding their portfolio of sports medicine products owing to the increasing demand for new medical devices and systems for the treatment of sports injuries.
Request for Methodology@ https://www.persistencemarketresearch.com/methodology/27646
Some of these companies recently launched meniscus repair systems in the global market. For instance, in August 2018, Ceterix orthopedic launched the Novostich Pro meniscal repair system. Similarly, in May 2018, Johnson & Johnson (Depuy Synthes) announced the launch of the TRUESPAN meniscal repair system.
Small market players or startup companies aim at obtaining regulatory approval for their meniscus repair systems. For instance, in June 2018, Arcuro Medical Ltd. received regulatory clearance from the U.S. Food and Drug Administration for its SuperBall meniscus repair system. The patent for SuperBall meniscus repair systems by Arcuro Medical Ltd. has been granted in the U.S. and China. The company is awaiting regulatory approval in Europe and Israel. Increasing product launches and FDA approvals are expected to propel the meniscus repair systems market over the forecast period.
Some of the strategic initiatives undertaken by most of the large players in the meniscus repair systems market are acquisitions and partnerships. Some of the meniscus market players that have adopted this strategy include Smith & Nephew, Zimmer Biomet, and Stryker Corporation. For example, in December 2018, Smith & Nephew plc. announced the acquisition of Ceterix Orthopedics Inc. Similarly, Stryker Corporation expanded its meniscus repair systems portfolio through the acquisition of Ivy Sports Medicine, LLC. Zimmer Biomet acquired Cayenne Medical in April 2016.
Through this acquisition, Zimmer Biomet added the CrossFix meniscus repair system to its product portfolio. These major acquisitions and mergers provide significant opportunities to players in the meniscus repair systems market to expand their global presence and product portfolio. Acquisitions, partnerships, and mergers among key market players are expected to fuel the growth of the meniscus repair systems market.
Most of the major medical device players are focusing on emerging markets due to their high growth potential, as well as to increase their distribution channel. Changes in disease patterns due to lifestyle changes and rising affluence has resulted in growth in the demand for quality healthcare and better access to healthcare services, which are among factors that make these markets highly lucrative for medical device companies. Although developed countries dominate the market, emerging market represent higher growth opportunities for the meniscus repair systems market.
For instance, China is expected to witness the highest growth rate in the meniscus repair systems market over the forecast period. Factors, such as rising disposable in developing countries, continuous penetration of health insurance, and a steady reduction in the average selling prices of medical devices, are expected to significantly boost the demand for meniscus repair systems in the near future.
Access Full Report@ https://www.persistencemarketresearch.com/checkout/27646
The global meniscus repair systems market has been studied based on product type, clinical application, and end user. Based on product type, the meniscus repair systems market has been segmented into outside-in meniscal repair system, all-inside meniscal repair system, inside-out meniscal repair system, and meniscal root repair system. The all-inside meniscal repair system segment is expected to hold the maximum market share in the global meniscus repair systems market.
Based on end user, the meniscus repair systems market has been segmented into hospitals, ambulatory surgery centers, and specialized orthopedic clinics. In terms of revenue, the hospital segment of the meniscus repair systems market dominated the global meniscus repair systems market in 2017.
Media Contact:
Persistence Market Research
305 Broadway,7th Floor New York City, NY 10007 United States
Call +1-646-568-7751
Call +1 800-961-0353
sales@persistencemarketresearch.com
About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
The Meniscus Repair Systems Market is slated to grow unstoppably in the years to come. The healthcare providers are, of late, making way for more specialized and timely treatment through same-day surgeries, outpatient surgeries, and likewise. ASCs (Ambulatory Surgical Centers) are preferred over conventional hospital settings. As such, cost-effective medical services could be provided. This type of customization is expected to take the healthcare vertical by storm in the future.
According to the latest research by Persistence Market Research, the global meniscus repair systems market is expected to be valued at US$ 771.0 Mn by the end of 2028. The meniscus repair systems market is expected to grow with a CAGR of 8.7% during the forecast period 2018-2028. The growth of the meniscus repair systems market can be attributed to the growing number of sports injuries.
According to the OECD stats, globally, approximately 18% of women and 10% of men aged 60 years and above suffer from symptomatic injuries in their anterior cruciate ligament and meniscus, and this predisposes them to osteoarthritis later in their lives. The need for meniscus repair surgeries for the prevention of osteoarthritis is expected to boost the demand for meniscus repair systems over the forecast period.
Get Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/27646
Company Profiles:
Stryker Corporation
DePuy Synthes Company (Johnson & Johnson)
Room Biomet
Medtronic Plc
Smith & Nephew, Inc
Arthrex, Inc.
Arcuro Medical Ltd.
Other
Key manufacturers in the meniscus repair systems market follow different strategies to grow their businesses as well as to penetrate the meniscus repair systems market. Regulatory approvals and product launches are some of the strategies that are most commonly followed by players in the meniscus repair systems market. Orthopedic device manufacturers are working on expanding their portfolio of sports medicine products owing to the increasing demand for new medical devices and systems for the treatment of sports injuries.
Request for Methodology@ https://www.persistencemarketresearch.com/methodology/27646
Some of these companies recently launched meniscus repair systems in the global market. For instance, in August 2018, Ceterix orthopedic launched the Novostich Pro meniscal repair system. Similarly, in May 2018, Johnson & Johnson (Depuy Synthes) announced the launch of the TRUESPAN meniscal repair system.
Small market players or startup companies aim at obtaining regulatory approval for their meniscus repair systems. For instance, in June 2018, Arcuro Medical Ltd. received regulatory clearance from the U.S. Food and Drug Administration for its SuperBall meniscus repair system. The patent for SuperBall meniscus repair systems by Arcuro Medical Ltd. has been granted in the U.S. and China. The company is awaiting regulatory approval in Europe and Israel. Increasing product launches and FDA approvals are expected to propel the meniscus repair systems market over the forecast period.
Some of the strategic initiatives undertaken by most of the large players in the meniscus repair systems market are acquisitions and partnerships. Some of the meniscus market players that have adopted this strategy include Smith & Nephew, Zimmer Biomet, and Stryker Corporation. For example, in December 2018, Smith & Nephew plc. announced the acquisition of Ceterix Orthopedics Inc. Similarly, Stryker Corporation expanded its meniscus repair systems portfolio through the acquisition of Ivy Sports Medicine, LLC. Zimmer Biomet acquired Cayenne Medical in April 2016.
Through this acquisition, Zimmer Biomet added the CrossFix meniscus repair system to its product portfolio. These major acquisitions and mergers provide significant opportunities to players in the meniscus repair systems market to expand their global presence and product portfolio. Acquisitions, partnerships, and mergers among key market players are expected to fuel the growth of the meniscus repair systems market.
Most of the major medical device players are focusing on emerging markets due to their high growth potential, as well as to increase their distribution channel. Changes in disease patterns due to lifestyle changes and rising affluence has resulted in growth in the demand for quality healthcare and better access to healthcare services, which are among factors that make these markets highly lucrative for medical device companies. Although developed countries dominate the market, emerging market represent higher growth opportunities for the meniscus repair systems market.
For instance, China is expected to witness the highest growth rate in the meniscus repair systems market over the forecast period. Factors, such as rising disposable in developing countries, continuous penetration of health insurance, and a steady reduction in the average selling prices of medical devices, are expected to significantly boost the demand for meniscus repair systems in the near future.
Access Full Report@ https://www.persistencemarketresearch.com/checkout/27646
The global meniscus repair systems market has been studied based on product type, clinical application, and end user. Based on product type, the meniscus repair systems market has been segmented into outside-in meniscal repair system, all-inside meniscal repair system, inside-out meniscal repair system, and meniscal root repair system. The all-inside meniscal repair system segment is expected to hold the maximum market share in the global meniscus repair systems market.
Based on end user, the meniscus repair systems market has been segmented into hospitals, ambulatory surgery centers, and specialized orthopedic clinics. In terms of revenue, the hospital segment of the meniscus repair systems market dominated the global meniscus repair systems market in 2017.
Media Contact:
Persistence Market Research
305 Broadway,7th Floor New York City, NY 10007 United States
Call +1-646-568-7751
Call +1 800-961-0353
sales@persistencemarketresearch.com
About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
