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Global Meniscus Repair System Market to reach USD 963.5 Million by the end of 2030.

Global Meniscus Repair System Market Size study & Forecast, by Product (All inside meniscal repair system, inside out meniscal repair system, outside in meniscal repair system, Meniscal root repair system), by Application (Radial tear, Horizontal tear, Vertical tear, Complex tear, Others), by End User (Hospitals, Ambulatory Surgical Centers, Others) and Regional Analysis, 2023-2030

Product Code: HLSMDE-29641554
Publish Date: 10-06-2023
Page: 200

Global Meniscus Repair System Market is valued approximately at USD 498 Million in 2022 and is anticipated to grow with a healthy growth rate of more than 8.60% over the forecast period 2023-2030. Meniscus Repair System is used to replace or repair the diseased or injured meniscus in the knee. An apparatus known as a meniscus repair system is made for use during meniscal allograft transplant procedures, such as inserting, anchoring, or suturing the allograft to the meniscal rim. It is majorly driven by the growing prevalence of osteoarthritis, increasing incidences of sports injuries also rise in technological advancement and increase in research and development activities by market key players in the field of meniscus repair implants and systems boost the market growth.

According to data published by the Centers for Disease Control and Prevention (CDC), osteoarthritis will be the most common type of arthritis in 2021, affecting 58.5 million people. This is expected to drive the market for meniscus repair systems to expand. Meniscus repair systems are also in high demand as a result of growing prevalence of knee osteoarthritis. For instance, in November 2020, the National Center for Biomedical Information (NCBI) reported that approximately 86.7 million people worldwide aged 20 and older had knee osteoarthritis. As a result, the market expands as the incidence of knee osteoarthritis rises. Additionally, advancement in technology brings new prospects to the market which also increasing demand for minimally invasive surgeries, there is a growing need for meniscus repair systems that can be used with arthroscopic techniques. However, the high cost of meniscus repair operations is expected to limit the adoption of meniscus repair systems.

The key regions considered for the Global Meniscus Repair System Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 holding the largest market share because of favorable reimbursement regulations, the increased prevalence of knee osteoarthritis, and the expanding understanding of meniscal healing processes. Furthermore, there has been an increase in the number of meniscal-related medical treatments as a result of the availability of better technological improvements, as well as an increase in the number of sports support. According to the Centers for Disease Control and Prevention about 30 million people in the United States suffer from osteoarthritis, with 1 million tasks played out every year, meniscus medical procedure is perhaps one of the most well-known surgeries in the US. Asia Pacific is expected to grow significantly during the forecast period, owing to the rise in the prevalence of sports injuries and orthopaedic illnesses, as well as the expanding elderly population, are driving market expansion in this area.

Major market player included in this report are:
Smith & Nephew plc
Stryker Corporation
Chetan Meditech Pvt. Ltd
Johnson & Johnson
Zimmer Biomet Holding Inc.
Arthrex, Inc.
Double Medical Technology Inc.
CONMED Corporation
Arcuro Medical
Healthium MedTech

Recent Developments in the Market:
Ø In July 2021, Smith and Nephew plc presented the Quick FIX FLEX meniscal fix innovation, which includes a bowing needle and shaft. It is utilized in meniscus fix and gives patients long haul benefits. Consequently, the company will benefit from the introduction of the FAST-FIX FLEX Meniscal Repair System in establishing a solid foothold in the industrial meniscus repair system market.
Ø In June 2020, Arcuro Medical collaborated with Genesis Biologics, a medical supply firm, to promote and sell the superball meniscus repair device throughout the United States.
Global Meniscus Repair System Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, Application, End-User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
All inside meniscal repair system
inside out meniscal repair system
outside in meniscal repair system
Meniscal root repair system

By Application:
Radial tear
Horizontal tear
Vertical tear
Complex tear

By End-User:
Ambulatory Surgical Centers

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Meniscus Repair System Market, by region, 2020-2030 (USD Million)
1.2.2. Meniscus Repair System Market, by Product, 2020-2030 (USD Million)
1.2.3. Meniscus Repair System Market, by Application, 2020-2030 (USD Million)
1.2.4. Meniscus Repair System Market, by End-User, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Meniscus Repair System Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Meniscus Repair System Market Dynamics
3.1. Meniscus Repair System Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increase in the incidence of sports injuries Meniscus repair surgery to prevent osteoarthritis
3.1.2. Market Challenges High Cost of Meniscus Repair Surgery Complications with meniscus repair surgery
3.1.3. Market Opportunities Advancements in technology Increasing Surgery can boost Meniscus Repair Systems
Chapter 4. Global Meniscus Repair System Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Meniscus Repair System Market, by Product
5.1. Market Snapshot
5.2. Global Meniscus Repair System Market by Product, Performance – Potential Analysis
5.3. Global Meniscus Repair System Market Estimates & Forecasts by Product 2020-2030 (USD Million)
5.4. Meniscus Repair System Market, Sub Segment Analysis
5.4.1. All inside meniscal repair system
5.4.2. inside out meniscal repair system
5.4.3. outside in meniscal repair system
5.4.4. Meniscal root repair system
Chapter 6. Global Meniscus Repair System Market, by Application
6.1. Market Snapshot
6.2. Global Meniscus Repair System Market by Application, Performance – Potential Analysis
6.3. Global Meniscus Repair System Market Estimates & Forecasts by Application 2020-2030 (USD Million)
6.4. Meniscus Repair System Market, Sub Segment Analysis
6.4.1. Radial tear
6.4.2. Horizontal tear
6.4.3. Vertical tear
6.4.4. Complex tear
6.4.5. Others
Chapter 7. Global Meniscus Repair System Market, by End-User
7.1. Market Snapshot
7.2. Global Meniscus Repair System Market by End-User, Performance – Potential Analysis
7.3. Global Meniscus Repair System Market Estimates & Forecasts by End-User 2020-2030 (USD Million)
7.4. Meniscus Repair System Market, Sub Segment Analysis
7.4.1. Hospitals
7.4.2. Ambulatory Surgical Centres
7.4.3. Others
Chapter 8. Global Meniscus Repair System Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Meniscus Repair System Market, Regional Market Snapshot
8.4. North America Meniscus Repair System Market
8.4.1. U.S. Meniscus Repair System Market Product breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End-User breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Meniscus Repair System Market
8.5. Europe Meniscus Repair System Market Snapshot
8.5.1. U.K. Meniscus Repair System Market
8.5.2. Germany Meniscus Repair System Market
8.5.3. France Meniscus Repair System Market
8.5.4. Spain Meniscus Repair System Market
8.5.5. Italy Meniscus Repair System Market
8.5.6. Rest of Europe Meniscus Repair System Market
8.6. Asia-Pacific Meniscus Repair System Market Snapshot
8.6.1. China Meniscus Repair System Market
8.6.2. India Meniscus Repair System Market
8.6.3. Japan Meniscus Repair System Market
8.6.4. Australia Meniscus Repair System Market
8.6.5. South Korea Meniscus Repair System Market
8.6.6. Rest of Asia Pacific Meniscus Repair System Market
8.7. Latin America Meniscus Repair System Market Snapshot
8.7.1. Brazil Meniscus Repair System Market
8.7.2. Mexico Meniscus Repair System Market
8.8. Middle East & Africa Meniscus Repair System Market
8.8.1. Saudi Arabia Meniscus Repair System Market
8.8.2. South Africa Meniscus Repair System Market
8.8.3. Rest of Middle East & Africa Meniscus Repair System Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Smith & Nephew plc Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Stryker Corporation
9.3.3. Chetan Meditech Pvt Ltd.
9.3.4. Johnson & Johnson
9.3.5. Zimmer Biomet Holding Inc.
9.3.6. Arthrex, Inc.
9.3.7. Double Medical Technology Inc.
9.3.8. CONMED Corporation
9.3.9. Arcuro Medical
9.3.10. Healthium MedTech
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
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Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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