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Tendon Repair Market Trends

Report ID: GMI6428
Published Date: Aug 2023
Report Format: PDF

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Tendon Repair Market Trends

The increase in the geriatric population lead to risk of developing degenerative conditions among the population which is anticipated to boost industry revenue expansion. As, with the growing aging population, tendons tend to lose some of their elasticity and become more susceptible to injuries and degenerative conditions such as tendinopathy, tendon tears and others. For instance, according to the World Health Organization (WHO), in 2020, the global population aged 60 years and over was approximately 1 billion and it was projected to reach around 2.1 billion by the year 2050. The growing geriatric population requires more medical attention, including tendon repair procedures to address age-related tendon issues and improve mobility and quality of life.

Authors: Mariam Faizullabhoy , Pratiksha Kamthe

Frequently Asked Questions (FAQ) :

The tendon repair industry was valued at USD 2.2 billion in 2022 and is estimated to account for USD 4.7 billion by 2032, owing to the increasing number of sports injuries globally.

The suture anchor devices segment garnered USD 705 million in the year 2022 as these devices provide secure and reliable fixation of tendons to bones during the repair process offering a minimally invasive approach.

The U.S. market accounted for USD 836 million in 2022 and is predicted to witness substantial market growth over 2023-2032, backed by the robust healthcare infrastructure specializing in orthopedic care that ensures greater accessibility to tendon repair procedures for patients.

Medical Device Business Services, Inc., Integra LifeSciences, Stryker, CONMED Corporation, Arthrex, Inc., Smith & Nephew, MIMEDX, TendoMed, Aevumed, BioPro, Inc., Alafair Biosciences, CoNextions Inc. and Zimmer Biomet Holdings, Inc. among others.