Meniscus Repair Systems Market Size Worth $768.68 Million By 2032 | CAGR: 5.3%

Meniscus Repair Systems Market Size Worth $768.68 Million By 2032 | CAGR: 5.3%


The global meniscus repair systems market size is expected to reach USD 768.68 million by 2032, according to a new study by Polaris Market Research. The report “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” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Sports Injuries are rising which is generating growth in the market for meniscus repair systems. Sports-related injuries frequently involve meniscus breaks. Those who play sports like basketball, football, and soccer are more at risk among the athletic population. As per the National Safety Council, Injuries caused by sporting and recreational equipment were treated in emergency rooms by 3.2 million patients in 2021. Exercise, jogging, cricket, running, cycling, and basketball are the sports that cause injuries the most commonly. Traumatic knee injuries are fairly frequent in athletics. The treatment plan for these injuries is crucial, in addition to the diagnosis. Meniscus tears are among the most frequent injuries suffered by young sportsmen.

Also, people who regularly engage in physical activity, such as those who serve in the military, are more likely to sustain physical injuries such as meniscal injuries. According to The Johns Hopkins University report, Around 3.5 million injuries that result in some loss of playing time are sustained by the approximately 30 million kids and teens who participate in organized sports in the U.S. each year. Sports-related injuries account for nearly one-third of all injuries sustained by children. This factor is expected to boost the market for meniscus repair systems in the near future.

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In addition, the need for meniscus repair systems is anticipated to increase as new technology-based systems are developed. Meniscus repair systems have recently been created that perform an entire all-inside arthroscopic meniscus replacement using 100% sutures and no pre-tied moving knots on the articular surface of the meniscus. The reduction of knots reduces the possibility of intra-articular problems.

Meniscus Repair Systems Market Report Highlights

  • Inside-out meniscus repair systems segment is anticipated to grow vastly over the forecast period owing to its benefits, such as low implant costs, long-lasting outcomes
  • Radial meniscus tears accounted for largest global revenue share which is accelerated by the increasing sports traumatology as well as the further advancement of suture methods for treating radial meniscal tears.
  • Ambulatory Surgical centers sector is expected to hold a significant market share over the forecast period due to the increasing surgical interventions conducted in ASCs
  • Asia-Pacific is expected to grow at a high CAGR over the projected period due to increased healthcare spending
  • The global players include Arcuro Medical, Agilent Technologies, ConMed Corporation, Chemex Trading, Double Medical Technology, Smith & Nephew, and Zimmer Biomet.

Polaris Market Research has segmented the Meniscus Repair Systems market report based on clinical application, product type, end-user, and region:

Meniscus Repair Systems, Clinical Application Outlook (Revenue - USD Million, 2019 - 2032)

  • Radial Tear
  • Horizontal Tear
  • Flap Tear
  • Complex Tear
  • Bucket-Handle Tear
  • Oblique Tears
  • Others

Meniscus Repair Systems, End-User Outlook (Revenue - USD Million, 2019 - 2032)

  • Hospitals
  • Ambulatory Surgical centers
  • Specialized Orthopedic Clinics
  • Others

Meniscus Repair Systems, Product Type Outlook (Revenue - USD Million, 2019 - 2032)

  • All-inside Meniscal Repair System
  • Inside-out Meniscal Repair System
  • Outside-in Meniscal Repair System
  • Meniscal Root Repair System

Meniscus Repair Systems, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Meniscus Repair Systems Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 483.76 million

Revenue forecast in 2032

USD 768.68 million

CAGR

5.3% from 2023 - 2032

Base year

2022

Historical data

2019- 2021

Forecast period

2023- 2032

Quantitative units

Revenue in USD million and CAGR from 2023 to 2032

Segments Covered

By Clinical Application, By Product Type, By End-User, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

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.

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  • Segmentation analysis
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