The U.S. and EU Meniscus Repair Systems Market was valued at $254.8 million in 2020, and is projected to reach $ 538.5 million by 2030, registering a CAGR of 7.9% from 2021 to 2030.Meniscus repair systems refer to medical devices and surgical techniques used to repair or treat injuries to the meniscus in the knee. The meniscus is a C-shaped cartilage in the knee joint that acts as a cushion, providing stability and distributing weight between the thigh and shin bones.The U.S. and EU Meniscus Repair Systems Market is expected to register healthy growth in the near future, owing to rise in prevalence of sports injuries and the rise in geriatric population. For instance, according to Insurance Information Institute, Inc., in 2022 overall injuries increased by 12% and exercise equipment related injuries accounted for an estimated 445,642 injuries in the U.S.However, few side effects related to meniscuss repair such as arthritis in later life, blood clots, stiffness in joint etc might further restrain the market growth. Conversely, increase in funding for R&D activities in meniscus repair sector is expected to offer remunerative opportunities for market players.The U.S. and EU Meniscus Repair Systems Market is segmented into On the basis of product, the market is classified into all-inside meniscal repair system, inside-out meniscal repair system, outside-in meniscal repair system, and meniscal root repair system. On the basis of application, the market is classified into radial tear, horizontal tear, vertical tear, complex tear, and others. On the basis of end user, the market is classified into hospitals, ambulatory surgical centers, and others. The hospitals held the dominant position in 2022 owing to availability of trained medical staff in hospitals that helps to provide better services to patients, increase in patient admission in hospital, and increase in the meniscus repair surgeries.Region wise, the market is segmented into U.S. and Europe (Germany, France, Italy, Spain, UK and rest of Europe). U.S. held the highest market share in 2022, and is expected to maintain its lead during the forecast period, owing to higher number of sports injuries coupled with the high cost of surgeries. Further, availability of well-developed healthcare infrastructure aids in the U.S. meniscus repair systems market growth.The key players operating in the U.S. and EU Meniscus Repair Systems Market include Smith and Nephew Plc., Stryker Corporation, Johnson and Johnson, Zimmer Biomet Holding Inc., Arthrex Inc., ConMed Corporation, Arcuro Medical, Chemex, Healthium Medtech, Innotec Healthcare.
KEY BENEFITS FOR STAKEHOLDERS
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an in-depth analysis of the U.S. and EU Meniscus Repair Systems Market size along with the current trends and future estimations to elucidate the imminent investment pockets.
- It offers market analysis from 2022 to 2032, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
- A comprehensive analysis of the region assists to understand the regional market and facilitate strategic business planning and determine prevailing opportunities.
- The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the U.S. and EU Meniscus Repair Systems Market growth.
KEY MARKET SEGMENTS
- By Product
- All-inside Meniscal Repair System
- Inside-out Meniscal Repair System
- Outside-in Meniscal Repair System
- Meniscal Root Repair System
- By Application
- Radial tear
- Horizontal tear
- Vertical tear
- Complex tear
- Others
- By End User
- Hospitals
- Ambulatory Surgical Centers
- Others
- By Region
- North America
- U.S.
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
KEY MARKET PLAYERS
- Smith and Nephew Plc.
- Stryker Corporation
- Johnson and Johnson
- Zimmer Biomet Holding Inc.
- Arthrex Inc.
- ConMed Corporation
- Arcuro Medical
- Chemex
- Healthium Medtech
- Innotec Healthcare.
Table of Contents
CHAPTER 1:INTRODUCTION
CHAPTER 2:EXECUTIVE SUMMARY
CHAPTER 3:MARKET OVERVIEW
CHAPTER 4:US AND EU MENISCUS REPAIR SYSTEMS MARKET, BY PRODUCT
CHAPTER 5:US AND EU MENISCUS REPAIR SYSTEMS MARKET, BY APPLICATION
CHAPTER 6:US AND EU MENISCUS REPAIR SYSTEMS MARKET, BY END USER
CHAPTER 7:US AND EU MENISCUS REPAIR SYSTEMS MARKET, BY REGION
CHAPTER 8:COMPETITION LANDSCAPE
CHAPTER 9:COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
Key Market Players in the U.S. and EU Meniscus Repair System Market include:- Smith and Nephew Plc.
- Stryker Corporation
- Johnson and Johnson
- Zimmer Biomet Holding Inc.
- Arthrex Inc.
- ConMed Corporation
- Arcuro Medical
- Chemex
- Healthium Medtech
- Innotec Healthcare.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 159 |
| Published | January 2024 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 254.8 million |
| Forecasted Market Value ( USD | $ 538.5 million |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Europe, United States |
| No. of Companies Mentioned | 11 |
