Product Description
Overall, the global meniscal repair market was valued at $532.5 million in 2022. This is expected to increase over the forecast period at a CAGR of 3.7% to reach $685.5 million.
The full report suite on the global market for meniscal repair includes subsegments of implants, sutures and hybrid devices.
MARKET REPORT DATA TYPES INCLUDED
- Unit Sales, Average Selling Prices, Market Value & Growth Trends
- Forecasts Until 2029, and Historical Data to 2019
- Market Drivers & Limiters for Each Segment
- Competitive Analysis with Market Shares for Each Segment
- Recent Mergers & Acquisitions
- Procedure Volumes
- Company Profiles, Product Portfolios and SWOT for Top Competitors
- COVID-19 Impact Analysis
PROCEDURE NUMBERS
In 2022, the majority of meniscal repair procedures were carried out in North America. Western Europe had the second largest number of meniscal repair procedures, followed by Asia-Pacific. The remaining regions, Latin America, Central and Eastern Europe, the Middle East and Africa, had far fewer meniscal repair procedures in 2022, likely due to the developing procedure.
GLOBAL MENISCAL REPAIR MARKET TRENDS
The market for meniscal repair will be limited by the relatively stable incidence rate of meniscal tears, mixed with the limitations and contraindications for certain cases. Careful patient selection, along with the surgeon’s experience, remains the key factor determining the success of surgery and rehabilitation. The complete regeneration of the damaged meniscus has proved difficult, due to the limited healing capacity of the tissue.
GLOBAL MENISCAL REPAIR MARKET SHARE INSIGHTS
Overall, within the global meniscal repair market there are three dominant competitors: Smith & Nephew, Arthrex, and CONMED.
In 2022, Smith & Nephew led the total meniscal repair market with over a third of the total share. The company’s strong presence in the market is due to its pioneering effort in the hybrid meniscal repair segment; in 2001, Smith & Nephew was the first to launch an all-inside meniscal repair system, the FasT-Fix®, and has reinforced its product line with the FasT-Fix® 360, Ultra-Fast-Fix® and NovoStich® systems.
GLOBAL MENISCAL REPAIR MARKET SEGMENTATION SUMMARY
- Implants Market
- Sutures Market
- Hybrid Device Market
Research Scope Summary
| Report Attribute | Details |
|---|---|
| Regions | North America (Canada, United States) Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela) Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.) Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine) Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates) Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam) Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda) |
| Base Year | 2022 |
| Forecast Period | 2023-2029 |
| Historical Data | 2019-2022 |
| Quantitative Data | Market Size, Market Share, Market Growth Rates, Units Sold, Average Selling Prices |
| Qualitative Data | COVID-19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios |
| Data Sources | Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data.
Read more about iData’s 9-Step Research Methodology |
WHY CHOOSE IDATA?
- Experts Only – iData has been around for over 17 years and is the trusted source of intelligence, and data-driven insights for key industry players. We are made up of specialists with a sole focus on medical devices, dental devices and pharmaceuticals. Our research and consulting field of endeavour never strays from the medical device industry and, because of this, we are the number one choice for leading companies in this field.
- Global Coverage – iData’s unique methodology, and its expansion to over 70 countries world-wide, has made it one of the most viable sources of intelligence for global companies along with those who plan to expand their portfolio beyond the confines of their own country. Providing procedural data at the country level is another testimony to the trusted global coverage we provide.
- Attention to Detail – It’s our attention to small details, scheduling of timelines, and keen project management that makes us stand out from the rest. We are creative, and our reports include metrics such as procedure numbers, ASPs, and SKU-level insights that are not found elsewhere.
- Pricing – When comparing like-with-like, iData’s prices are not only extremely competitive but also the most cost-effective. We strive for success and want the same for our clients. With the level of detail incorporated into each report alongside the extensive segmentation provided, no other report compares at our price point.
