Tendon Repair Market to Reach $3.2 Bn, Globally, by 2031 at 6.2% CAGR: Allied Market Research – QNT Press Release


Increase in number of geriatric populations suffering from tendonitis, rise in awareness regarding physical fitness and body building, and surge in sports related injuries & road accidents drive the growth of the global tendon repair market.

PORTLAND, Ore., Aug. 12, 2022 /PRNewswire/ — Allied Market Research published a report, titled, Tendon Repair Market by Product Type (Implants, Suture anchor devices, Grafts, Screws, Others), by Application (Foot and ankle tendon repair, Flexor and extensor tendon repair, Rotator cuff tendon repair, Others), by End User (Hospitals and clinics, Ambulatory surgery centers): Global Opportunity Analysis and Industry Forecast, 2021-2031″. According to the report, the global tendon repair industry was estimated at $1.8 billion in 2021, and is anticipated to hit $3.2 billion by 2031, registering a CAGR of 6.2% from 2022 to 2031. The report offers an explicit analysis of the changing market trends, top segments, key investment pockets, value chain, competitive scenario, and regional landscape. The market study is exclusively meant to help the readers with a complete valuation of industry analysis and trends.

Download Report (245 Pages PDF with Insights, Charts, Tables, Figures): https://www.alliedmarketresearch.com/request-sample/17476

Determinants of growth-

Increase in number of geriatric populations suffering from tendonitis, rise in awareness regarding physical fitness and body building, and surge in sports related injuries & road accidents drive the growth of the global tendon repair market. Moreover, significant spike in R&D activities is expected to create lucrative opportunities in the industry.

Covid-19 scenario-

  • Significant reduction in clinical trials due to strict government guidelines had a sheer negative impact on the global tendon repair market. Surges of tendon damaged patients were either postponed or cancelled especially during the initial period.
  • Also, the global lockdown led to huge disruptions in the manufacturing and transportation of healthcare essentials.
  • However, with the mass vaccination drives on board, the global situation has highly improved, and the market for tendon repair is also getting back on track.

The suture anchor devices segment to dominate by 2031-

Based on product type, the suture anchor devices segment held nearly two-fifths of the global tendon repair market revenue in 2021, and is expected to lead the trail by 2031, owing to increase in orthopedic injuries in geriatric population. The others segment, nevertheless , would manifest the fastest CAGR of 8.0% from 2022 to 2031. Rise in accident cases leads …

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