Global soft-tissue repair market expected to reach $14.7 billion in 2019

Research and Markets recently announced the release of a new report focused on the soft-tissue repair market.

The report, entitled “Soft Tissue Repair by Product (Mesh/Tissue patch, Allograft, Xenograft, Suture Anchor, Interference Screws, Laparoscopic Instruments) by Application (Hernia, Dural, Orthopedic, Skin, Dental, Vaginal, Breast augmentation) - Global Forecast to 2019,” estimates the global soft-tissue repair market to reach $14.7 billion in 2019 from $10.3 billion in 2014, with a compound annual growth rate of 7.5% during the forecast period of 2014 to 2019, according to a press release.

Technological advances, innovative products, an increasing incidence of soft-tissue injuries among the aging population, a growing participation in sports and an increasing obesity rate drive the industry, according to the press release.

Within the report, the soft-tissue repair market is segmented mainly by products and applications. According to the release, whereas developed geographic areas such as North America and Europe are considered saturated markets with a slower expected growth rate, the Asian market is expected to experience the highest growth rate.

More information about the report can be found on Research and Markets’ website.

Reference: www.researchandmarkets.com.