The North America Meniscus Repair Systems Market should witness market growth of 5.2% CAGR during the forecast period (2022-2028).
Hospitals are being urged to improve their equipment and services constantly due to rising knowledge of the availability of cutting-edge items. In addition, the adoption of procedures linked to the meniscus has also increased due to reimbursement coverage for meniscus repair. Such elements enable patients to choose sophisticated and expensive technologies, increasing overall income.
Additionally, it is predicted that an increase in bone-related diseases, traffic accidents, and obesity would boost market expansion overall. One of the primary causes of arthritis is obesity. Therefore, a rise in knee-related injuries and traffic accidents are two critical drivers anticipated to fuel market expansion. Meniscus preservation has received more attention recently as a means of shielding young patients against osteoarthritis. The meniscus is crucial to the stability of the knee joint. Therefore, surgery to repair the meniscus is very important in preventing osteoarthritis.
According to the National Center for Injury Prevention and Control of the Centers for Disease Control and Prevention (CDC), there will be around 22,887,137 visits to emergency departments for non-fatal injuries in the United States year 2020. In addition, the elderly population in the area is another element boosting demand for meniscus repair devices. By 2030, more than 80 million people over 65 will be living in Canada and the United States, up from just under 60 million in 2019. This supports the growth of the regional market.
The US market dominated the North America Meniscus Repair Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $172.7 million by 2028. The Canada market is poised to grow at a CAGR of 7.6% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 6.7% during (2022-2028).
Based on Product Type, the market is segmented into All-inside, Inside-out, Outside-in and Meniscal Root Repair System. Based on Application, the market is segmented into Radial Tear, Flap Tear, Horizontal Tear, Complex Tear and Others. Based on End-use, the market is segmented into Hospitals, Ambulatory Surgical Centers, Specialized Orthopedic Clinics and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson & Johnson (DePuy Synthes), Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew PLC, ConMed Corporation, Agilent Technologies, Inc., Arcuro Medical Ltd. (Trendlines Group Ltd.), Arthrex, Inc., and Double Medical Technology Inc.
Hospitals are being urged to improve their equipment and services constantly due to rising knowledge of the availability of cutting-edge items. In addition, the adoption of procedures linked to the meniscus has also increased due to reimbursement coverage for meniscus repair. Such elements enable patients to choose sophisticated and expensive technologies, increasing overall income.
Additionally, it is predicted that an increase in bone-related diseases, traffic accidents, and obesity would boost market expansion overall. One of the primary causes of arthritis is obesity. Therefore, a rise in knee-related injuries and traffic accidents are two critical drivers anticipated to fuel market expansion. Meniscus preservation has received more attention recently as a means of shielding young patients against osteoarthritis. The meniscus is crucial to the stability of the knee joint. Therefore, surgery to repair the meniscus is very important in preventing osteoarthritis.
According to the National Center for Injury Prevention and Control of the Centers for Disease Control and Prevention (CDC), there will be around 22,887,137 visits to emergency departments for non-fatal injuries in the United States year 2020. In addition, the elderly population in the area is another element boosting demand for meniscus repair devices. By 2030, more than 80 million people over 65 will be living in Canada and the United States, up from just under 60 million in 2019. This supports the growth of the regional market.
The US market dominated the North America Meniscus Repair Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $172.7 million by 2028. The Canada market is poised to grow at a CAGR of 7.6% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 6.7% during (2022-2028).
Based on Product Type, the market is segmented into All-inside, Inside-out, Outside-in and Meniscal Root Repair System. Based on Application, the market is segmented into Radial Tear, Flap Tear, Horizontal Tear, Complex Tear and Others. Based on End-use, the market is segmented into Hospitals, Ambulatory Surgical Centers, Specialized Orthopedic Clinics and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson & Johnson (DePuy Synthes), Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew PLC, ConMed Corporation, Agilent Technologies, Inc., Arcuro Medical Ltd. (Trendlines Group Ltd.), Arthrex, Inc., and Double Medical Technology Inc.
Scope of the Study
By Product Type
- All-inside
- Inside-out
- Outside-in
- Meniscal Root Repair System
By Application
- Radial Tear
- Flap Tear
- Horizontal Tear
- Complex Tear
- Others
By End-use
- Hospitals
- Ambulatory Surgical Centers
- Specialized Orthopedic Clinics
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Johnson & Johnson (DePuy Synthes)
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- Smith & Nephew PLC
- ConMed Corporation
- Agilent Technologies, Inc.
- Arcuro Medical Ltd. (Trendlines Group Ltd.)
- Arthrex, Inc.
- Double Medical Technology Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Meniscus Repair Systems Market, by Product Type
1.4.2 North America Meniscus Repair Systems Market, by Application
1.4.3 North America Meniscus Repair Systems Market, by End-use
1.4.4 North America Meniscus Repair Systems Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Meniscus Repair Systems Market by Product Type
3.1 North America All-inside Market by Country
3.2 North America Inside-out Market by Country
3.3 North America Outside-in Market by Country
3.4 North America Meniscal Root Repair System Market by Country
Chapter 4. North America Meniscus Repair Systems Market by Application
4.1 North America Radial Tear Market by Country
4.2 North America Flap Tear Market by Country
4.3 North America Horizontal Tear Market by Country
4.4 North America Complex Tear Market by Country
4.5 North America Others Market by Country
Chapter 5. North America Meniscus Repair Systems Market by End-use
5.1 North America Hospitals Market by Country
5.2 North America Ambulatory Surgical Centers Market by Country
5.3 North America Specialized Orthopedic Clinics Market by Country
5.4 North America Others Market by Country
Chapter 6. North America Meniscus Repair Systems Market by Country
6.1 US Meniscus Repair Systems Market
6.1.1 US Meniscus Repair Systems Market by Product Type
6.1.2 US Meniscus Repair Systems Market by Application
6.1.3 US Meniscus Repair Systems Market by End-use
6.2 Canada Meniscus Repair Systems Market
6.2.1 Canada Meniscus Repair Systems Market by Product Type
6.2.2 Canada Meniscus Repair Systems Market by Application
6.2.3 Canada Meniscus Repair Systems Market by End-use
6.3 Mexico Meniscus Repair Systems Market
6.3.1 Mexico Meniscus Repair Systems Market by Product Type
6.3.2 Mexico Meniscus Repair Systems Market by Application
6.3.3 Mexico Meniscus Repair Systems Market by End-use
6.4 Rest of North America Meniscus Repair Systems Market
6.4.1 Rest of North America Meniscus Repair Systems Market by Product Type
6.4.2 Rest of North America Meniscus Repair Systems Market by Application
6.4.3 Rest of North America Meniscus Repair Systems Market by End-use
Chapter 7. Company Profiles
7.1 Johnson & Johnson (DePuy Synthes)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental &Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.2 Stryker Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.3 Zimmer Biomet Holdings, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Acquisition and Mergers:
7.4 Smith & Nephew PLC
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional and Segmental Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Product Launches and Product Expansions:
7.5 ConMed Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expense
7.6 Agilent Technologies, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.7 Arcuro Medical Ltd. (Trendlines Group Ltd.)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Research & Development Expenses
7.8 Arthrex, Inc.
7.8.1 Company Overview
7.9 Double Medical Technology Inc.
7.9.1 Company Overview
Companies Mentioned
- Johnson & Johnson (DePuy Synthes)
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- Smith & Nephew PLC
- ConMed Corporation
- Agilent Technologies, Inc.
- Arcuro Medical Ltd. (Trendlines Group Ltd.)
- Arthrex, Inc.
- Double Medical Technology Inc.
Methodology
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