Meniscus Repair Systems Market Share, Size, Trends, Industry Analysis Report, By Product Type (All-inside Meniscal Repair System, Inside-out Meniscal Repair System, Outside-in Meniscal Repair System, and Meniscal Root Repair System); By End-User; By Clinical Application; By Region; Segment Forecast, 2023 - 2032
- Published Date:Jun-2023
- Pages: 118
- Format: PDF
- Report ID: PM3429
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The global meniscus repair systems market was valued at USD 459.94 million in 2022 and is expected to grow at a CAGR of 5.3% during the forecast period. Meniscus preservation has acquired increased attention recently as a way to protect young patients against osteoarthritis. The primary drivers of market expansion over the projection period are the rising elderly population as well as the rising prevalence of joint pain illnesses. The stability of the knee joint depends on the meniscus. Osteoarthritis can be avoided in large part by undergoing meniscus surgery. The demand for meniscus repair surgeries to treat osteoarthritis is projected to have an impact on the demand for meniscus repair systems over the forecast years.
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Several meniscus injuries, including radial tears, flap tears, bucket handle tears, and others, are frequently treated using arthroscopic meniscus repair operations. Meniscal repair is facilitated by the use of meniscus repair methods in arthroscopic knee surgery. Meniscus repair methods are simplified meniscus repair procedures that contribute to a decrease in the percentage of meniscus removal in the coming years. Among the several meniscus repair techniques or suturing ways for which meniscus repair systems are specifically designed.
The market is being driven by the advancement of knotless all-suture systems. To enhance comfort during surgery, manufacturers are concentrating on developing innovative technology-based meniscus repair systems, such as knotless as well as all meniscus repair systems. For instance, in February 2020, TensionTac, from Dunamis Medical, received FDA approval for their knotless anchor technology. By altering the tissue tension to maximize the repair, the new design feature enables the surgeon to do soft tissue repair. The varying sizes of TensionTac Anchors can be employed to treat diseases in various anatomical regions. To offer a low-profile knotless repair, the anchors can be employed with Dunamis coreless tape or suture technology.
However, meniscus repair is a relatively low-risk procedure, there is still a chance of infection, nerve damage, knee stiffness, and excessive bleeding both during and after procedures employing meniscus repair systems. As a result, a significant issue that is anticipated to impede the growth of the market for meniscus repair systems is the risk involved with surgeries carried out using such systems.
The market saw a significant decline as a result of the COVID-19 pandemic's extraordinary effects on the world economy, operational operations that were shut down, a lack of workers, and a shortage of raw materials. As per the National Safety Council, Despite the majority of shelter-in-place rules, the Consumer Product Safety Commission (CPSC) stated that visits to emergency rooms for accidents caused by consumer products decreased by 24% in the first seven months of the COVID-19 epidemic. Sports-related injuries had the biggest reductions. From March to September 2020, there was a more than 60% decrease in injuries related to track and field, lacrosse, hockey, soccer, baseball, softball, football, and basketball. These significant drops are attributed by the CPSC to the suspension of child and school sports leagues in the spring and summer of 2020 as a result of the pandemic.
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Industry Dynamics
Growth Drivers
A growing number of meniscus repair operations for osteoarthritis prevention increasing the need for meniscus repair systems which is boosting the growth of the meniscus repair systems market over the forecast period. The hands, hips, and knees are the joints most commonly affected by osteoarthritis, a common degenerative joint condition. According to the Centers for Disease Control and Prevention, over 32.5 million Americans have osteoarthritis. Further, the most frequent kind of arthritis, osteoarthritis (OA), is found in older persons. In older people, it is a leading source of chronic pain and physical disability. 10% of men and 189% of women over the age of 60 in the world have symptoms of anterior cruciate ligament and meniscus injuries, which raises their chance of getting osteoarthritis in their later years. OA is the sixth most common disability worldwide in terms of prevalence.
According to the Arthritis Foundation, an estimated 30.8 million adults in the United States were diagnosed with OA in 2017, and 14 million people in the United States were diagnosed with symptomatic knee osteoarthritis. OA becomes more common as people get older. In high-income countries, OA has been reported in up to 80% of adults over the age of 65. Degenerative joint disease diseases, such as OA, are expected to affect at least 130 million people worldwide by 2050 as the global population continues to age. The rising prevalence of OA in aging people has led to an increase in the demand for meniscus repair systems which is boosting the market growth over the forecast period.
Report Segmentation
The market is primarily segmented based on clinical application, product type, end-user, and region.
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By Clinical Application |
By Product Type |
By End-User |
By Region |
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Horizontal Tear segment is expected to witness the fastest growth over the forecast period
The horizontal tear segment is growing with the fastest CAGR during the forecast period. To increase the demand for meniscus repair systems, repair might be suggested for any horizontal meniscus tears that can be treated arthroscopically. Horizontal rips can separate the meniscus into an upper and a lower portion without causing any obvious symptoms. Although they are often mechanically stable, they can cause flap rips. Their prevalence rises with age, and meniscal cysts are frequently present in addition. The knee may seem as though it is locking or catching as a result of horizontal tears, which can also produce discomfort. They may also result in edoema and stiffness in the knee in some situations. While some sportsmen can play while still having a horizontal meniscal tear, the patient can still manage to walk.
Further, Oblique tears give rise to flaps that seem to be mechanically unstable and related to mechanical symptoms. To stop the rip from spreading when the flap becomes trapped within the joint during flexion, this type of tear necessitates resection. When two or more tear patterns are present, the tears are complex or degenerative. They are more prevalent in older people and are accompanied by knee osteoarthritis changes.
All-inside Meniscal Repair System accounted for the largest market share in 2022
The segment of the market will grow due to doctors' preference for arthroscopic all-inside surgeries because it has a lower complication rate as well as less morbidity than the alternatives. Due to the many advantages that come with using the all-inside procedure, are becoming more and more popular. In addition, manufacturers are concentrating on the introduction of new features for all-inside method meniscus repair devices.
All-inside techniques lessen the complexity of the procedure, the length of the operation, and the risk to the neuro-vascular system. In addition, damaged knee cartilage is treated with the minimally invasive outside-in meniscal restoration technique. The system comprises a tiny camera that is introduced into the stomach through the patient's mouth and an implant that is placed in the body. The skin overlaying the injured region is lightly incised to provide access to the surgical tools.
The demand in North America is expected to witness significant growth
The market in the United States is likely to be driven by an increase in the number of knee operations and rising healthcare costs. In addition, one of the key reasons driving the market in the area is an increase in meniscal-related operations due to the availability of cutting-edge diagnostic technologies and a rise in the number of sports participation. Every year, more than 300,000 knee replacement procedures are performed in the United States, with the number predicted to rise to 525,000 by 2030.
Europe is likely to hold the second-largest market share after North America with the rise in the number of chronic diseases such as diabetes and an increase in the number of bone diseases. Over 19,800 people are expected to die in traffic accidents in 2021, according to the European Commission. The need for meniscal repair systems is growing along with the number of surgical operations. The demand for surgical procedures, such as meniscal operations, is significant since the senior population is more prone to several forms of orthopedic illnesses.
Competitive Insight
Some of the major players operating in the global meniscus repair systems market include Arcuro Medical, Agilent Technologies, Arthrex, Inc., Conmed Corporation, Chemex Trading, Double Medical Technology, Johnson & Johnson, Medtronic, Stryker Corporation, Smith & Nephew, and Zimmer Biomet.
Recent Developments
- In September 2022, Anika Therapeutics, Inc. announced the X-Twist Fixation System's launch and the first operations that used it. The X-Twist raises the anchor alternatives in the Anika sports medicine portfolio to the highest grade in orthopedics available on the market.
- In July 2021, the FAST-FIX FLEX Meniscal Repair System has been introduced by Smith+Nephew. This is the only device that offers a flexible, surgeon-guided needle and shaft that allows access to all meniscus zones. Enhancing access increases the chance that the meniscus can be repaired rather than removed, which improves the patient in the long term.
Meniscus Repair Systems Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 483.76 million |
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Revenue forecast in 2032 |
USD 768.68 million |
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CAGR |
5.3% from 2023 - 2032 |
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Base year |
2022 |
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Historical data |
2019- 2021 |
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Forecast period |
2023- 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2023 to 2032 |
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Segments Covered |
By Clinical Application, By Product Type, By End-User, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key Companies |
Arcuro Medical Ltd., Agilent Technologies, Inc., Arthrex, Inc., Conmed Corporation, Chemex Trading SA, Double Medical Technology Inc., Johnson & Johnson, Medtronic Plc., Stryker Corporation, Smith & Nephew Plc, and Zimmer Biomet. |
FAQ's
The global meniscus repair systems market size is expected to reach USD 768.68 million by 2032.
Key players in the meniscus repair systems market are Arcuro Medical, Agilent Technologies, Arthrex, Inc., Conmed Corporation, Chemex Trading, Double Medical Technology.
North America contribute notably towards the global meniscus repair systems market.
The global meniscus repair systems market is expected to grow at a CAGR of 5.3% during the forecast period.
The meniscus repair systems market report covering key segments are clinical application, product type, end-user, and region.
