The global meniscus repair system market was valued at $458.6 million in 2021, and is projected to reach $1,046.6 million by 2031, growing at a CAGR of 8.6% from 2022 to 2031. Meniscus repair surgery is a procedure performed to fix a tear in the meniscus or replace the damaged meniscus due to severe trauma injuries or degeneration of cartilage tissues. The meniscus repair systems are devices intended for use in meniscus repairs and in meniscus allograft transplant procedure. These systems typically include a set of specialized instruments and devices used during arthroscopic surgery to repair the meniscus. Moreover, there are different types of meniscus repair systems available in the market such as all-inside meniscal repair system, outside-in meniscal repair system, and others.
The meniscus repair systems market growth is driven by rise in incidences of trauma injuries, knee injuries with high chances of meniscus tears, and surge in demand for meniscus repair systems. The rise in prevalence of knee osteoarthritis propels high adoption of meniscus repair systems to repair the meniscal tear. These systems are inserted into the knee joint through small incisions to hold the edges of the torn meniscus together for healing. For instance, according to data published by National Library of Medicine, in November 2020, the global prevalence of knee osteoarthritis was 16⋅0%. In addition, the incidence rate of meniscus injury is high in patients with chronic anterior cruciate ligament (ACL) tears. Therefore, rise in the incidences of anterior cruciate ligament (ACL) tears further boost the market growth. For instance, according to the study conducted by National Center for Biomedical Research (NCBI), in between December 2019 to March 2020, the prevalence of ACL injury was 14.7%. Thus, rise in the prevalence of meniscus surgeries and knee injuries has resulted in surge in demand for meniscus repair systems market.
Furthermore, rise in sport injuries and increase in incidences of meniscus tears are the key factors that boost the market growth. For instance, according to data published by National Center for Biomedical Information (NCBI), in May 2022, the incidence rate of meniscal tears is estimated to be 60 per 100,000 population and there is increase in meniscus related injuries due to rise in sport participation. Thus, rise in prevalence of sport injuries has led to surge in demand for meniscus repair systems.
However, factors that hinder the market growth include high cost of meniscus repair surgeries and the complications associated with the surgical procedures such as risk of infection, persistent knee pain, scar tissue formation, & knee stiffness limit the adoption of meniscus repair systems, which, in turn, restrains the market growth.
On the other hand, increased demand of medical devices in the developed countries such as U.S., Canada, & Germany and growth opportunities in emerging markets are expected to create immense opportunities for meniscus repair systems during the forecast period.
The meniscus repair systems market is segmented on the basis of product, application, end user, and region. Depending on 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 categorized into radial tear, horizontal tear, vertical tear, complex tear, and others. On the basis of end user, the market is divided into hospitals, ambulatory surgical centers, and others.
Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
Major key players that operate in the global meniscus repair systems market are Arcuro Medical, Arthrex, Inc., Chetan Meditech Pvt. Ltd., CONMED Corporation, Double Medical Technology Inc., Healthium Medtech, Johnson & Johnson, Smith & Nephew plc, Stryker Corporation, and Zimmer Biomet Holding Inc.
The meniscus repair systems market growth is driven by rise in incidences of trauma injuries, knee injuries with high chances of meniscus tears, and surge in demand for meniscus repair systems. The rise in prevalence of knee osteoarthritis propels high adoption of meniscus repair systems to repair the meniscal tear. These systems are inserted into the knee joint through small incisions to hold the edges of the torn meniscus together for healing. For instance, according to data published by National Library of Medicine, in November 2020, the global prevalence of knee osteoarthritis was 16⋅0%. In addition, the incidence rate of meniscus injury is high in patients with chronic anterior cruciate ligament (ACL) tears. Therefore, rise in the incidences of anterior cruciate ligament (ACL) tears further boost the market growth. For instance, according to the study conducted by National Center for Biomedical Research (NCBI), in between December 2019 to March 2020, the prevalence of ACL injury was 14.7%. Thus, rise in the prevalence of meniscus surgeries and knee injuries has resulted in surge in demand for meniscus repair systems market.
Furthermore, rise in sport injuries and increase in incidences of meniscus tears are the key factors that boost the market growth. For instance, according to data published by National Center for Biomedical Information (NCBI), in May 2022, the incidence rate of meniscal tears is estimated to be 60 per 100,000 population and there is increase in meniscus related injuries due to rise in sport participation. Thus, rise in prevalence of sport injuries has led to surge in demand for meniscus repair systems.
However, factors that hinder the market growth include high cost of meniscus repair surgeries and the complications associated with the surgical procedures such as risk of infection, persistent knee pain, scar tissue formation, & knee stiffness limit the adoption of meniscus repair systems, which, in turn, restrains the market growth.
On the other hand, increased demand of medical devices in the developed countries such as U.S., Canada, & Germany and growth opportunities in emerging markets are expected to create immense opportunities for meniscus repair systems during the forecast period.
The meniscus repair systems market is segmented on the basis of product, application, end user, and region. Depending on 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 categorized into radial tear, horizontal tear, vertical tear, complex tear, and others. On the basis of end user, the market is divided into hospitals, ambulatory surgical centers, and others.
Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
Major key players that operate in the global meniscus repair systems market are Arcuro Medical, Arthrex, Inc., Chetan Meditech Pvt. Ltd., CONMED Corporation, Double Medical Technology Inc., Healthium Medtech, Johnson & Johnson, Smith & Nephew plc, Stryker Corporation, and Zimmer Biomet Holding Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the meniscus repair system market analysis from 2021 to 2031 to identify the prevailing meniscus repair system market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the meniscus repair system market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global meniscus repair system market trends, key players, market segments, application areas, and market growth Strategies.
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
By End User
- Hospitals
- Ambulatory Surgical Centers
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Smith & Nephew plc
- Stryker Corporation
- Chetan Meditech Pvt. Ltd.
- Johnson & Johnson
- Zimmer Biomet Holding Inc.
- Arthrex, Inc.
- Double Medical Technology Inc.
- CONMED Corporation
- Arcuro Medical
- Healthium Medtech
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rise in prevalence of osteoarthritis
3.4.1.2. Rise in technological advancements in meniscus repair systems
3.4.1.3. Increase in prevalence of sport injuries
3.4.2. Restraints
3.4.2.1. High cost of meniscus repair surgeries
3.4.3. Opportunities
3.4.3.1. Increase in product launches expected to create lucrative growth opportunities
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: MENISCUS REPAIR SYSTEM MARKET, BY PRODUCT
4.1. Overview
4.1.1. Market size and forecast
4.2. All inside meniscal repair system
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Inside out meniscal repair system
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Outside in meniscal repair system
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Meniscal root repair system
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country
CHAPTER 5: MENISCUS REPAIR SYSTEM MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Radial tear
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Horizontal tear
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Vertical tear
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Complex tear
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
5.6. Others
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market share analysis by country
CHAPTER 6: MENISCUS REPAIR SYSTEM MARKET, BY END USER
6.1. Overview
6.1.1. Market size and forecast
6.2. Hospitals
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Ambulatory Surgical Centers
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Others
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
CHAPTER 7: MENISCUS REPAIR SYSTEM MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Product
7.2.3. Market size and forecast, by Application
7.2.4. Market size and forecast, by End User
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Product
7.2.5.1.3. Market size and forecast, by Application
7.2.5.1.4. Market size and forecast, by End User
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by Product
7.2.5.2.3. Market size and forecast, by Application
7.2.5.2.4. Market size and forecast, by End User
7.2.5.3. Mexico
7.2.5.3.1. Key market trends, growth factors and opportunities
7.2.5.3.2. Market size and forecast, by Product
7.2.5.3.3. Market size and forecast, by Application
7.2.5.3.4. Market size and forecast, by End User
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Product
7.3.3. Market size and forecast, by Application
7.3.4. Market size and forecast, by End User
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Product
7.3.5.1.3. Market size and forecast, by Application
7.3.5.1.4. Market size and forecast, by End User
7.3.5.2. France
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Product
7.3.5.2.3. Market size and forecast, by Application
7.3.5.2.4. Market size and forecast, by End User
7.3.5.3. UK
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Product
7.3.5.3.3. Market size and forecast, by Application
7.3.5.3.4. Market size and forecast, by End User
7.3.5.4. Italy
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Product
7.3.5.4.3. Market size and forecast, by Application
7.3.5.4.4. Market size and forecast, by End User
7.3.5.5. Spain
7.3.5.5.1. Key market trends, growth factors and opportunities
7.3.5.5.2. Market size and forecast, by Product
7.3.5.5.3. Market size and forecast, by Application
7.3.5.5.4. Market size and forecast, by End User
7.3.5.6. Rest of Europe
7.3.5.6.1. Key market trends, growth factors and opportunities
7.3.5.6.2. Market size and forecast, by Product
7.3.5.6.3. Market size and forecast, by Application
7.3.5.6.4. Market size and forecast, by End User
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Product
7.4.3. Market size and forecast, by Application
7.4.4. Market size and forecast, by End User
7.4.5. Market size and forecast, by country
7.4.5.1. Japan
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Product
7.4.5.1.3. Market size and forecast, by Application
7.4.5.1.4. Market size and forecast, by End User
7.4.5.2. China
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Product
7.4.5.2.3. Market size and forecast, by Application
7.4.5.2.4. Market size and forecast, by End User
7.4.5.3. India
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Product
7.4.5.3.3. Market size and forecast, by Application
7.4.5.3.4. Market size and forecast, by End User
7.4.5.4. Australia
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by Product
7.4.5.4.3. Market size and forecast, by Application
7.4.5.4.4. Market size and forecast, by End User
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by Product
7.4.5.5.3. Market size and forecast, by Application
7.4.5.5.4. Market size and forecast, by End User
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Product
7.5.3. Market size and forecast, by Application
7.5.4. Market size and forecast, by End User
7.5.5. Market size and forecast, by country
7.5.5.1. Brazil
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Product
7.5.5.1.3. Market size and forecast, by Application
7.5.5.1.4. Market size and forecast, by End User
7.5.5.2. Saudi Arabia
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Product
7.5.5.2.3. Market size and forecast, by Application
7.5.5.2.4. Market size and forecast, by End User
7.5.5.3. South Africa
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by Product
7.5.5.3.3. Market size and forecast, by Application
7.5.5.3.4. Market size and forecast, by End User
7.5.5.4. Rest of LAMEA
7.5.5.4.1. Key market trends, growth factors and opportunities
7.5.5.4.2. Market size and forecast, by Product
7.5.5.4.3. Market size and forecast, by Application
7.5.5.4.4. Market size and forecast, by End User
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
9.1. Smith & Nephew plc
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.1.7. Key strategic moves and developments
9.2. Johnson & Johnson
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Business performance
9.3. Stryker Corporation
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Business performance
9.4. Zimmer Biomet Holding Inc.
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Business performance
9.5. Arcuro Medical
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Key strategic moves and developments
9.6. Arthrex, Inc.
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.7. Chetan Meditech Pvt. Ltd.
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.8. Double Medical Technology Inc.
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.9. CONMED Corporation
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.9.6. Business performance
9.10. Healthium Medtech
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
List of Tables
Table 01. Global Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 02. Meniscus Repair System Market for All Inside Meniscal Repair System, by Region, 2021-2031 (Revenue, $Million)
Table 03. Meniscus Repair System Market for Inside Out Meniscal Repair System, by Region, 2021-2031 (Revenue, $Million)
Table 04. Meniscus Repair System Market for Outside in Meniscal Repair System, by Region, 2021-2031 (Revenue, $Million)
Table 05. Meniscus Repair System Market for Meniscal Root Repair System, by Region, 2021-2031 (Revenue, $Million)
Table 06. Global Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 07. Meniscus Repair System Market for Radial Tear, by Region, 2021-2031 (Revenue, $Million)
Table 08. Meniscus Repair System Market for Horizontal Tear, by Region, 2021-2031 (Revenue, $Million)
Table 09. Meniscus Repair System Market for Vertical Tear, by Region, 2021-2031 (Revenue, $Million)
Table 10. Meniscus Repair System Market for Complex Tear, by Region, 2021-2031 (Revenue, $Million)
Table 11. Meniscus Repair System Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 12. Global Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 13. Meniscus Repair System Market for Hospitals, by Region, 2021-2031 (Revenue, $Million)
Table 14. Meniscus Repair System Market for Ambulatory Surgical Centers, by Region, 2021-2031 (Revenue, $Million)
Table 15. Meniscus Repair System Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 16. Meniscus Repair System Market, by Region, 2021-2031 (Revenue, $Million)
Table 17. North America Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 18. North America Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 19. North America Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 20. North America Meniscus Repair System Market, by Country, 2021-2031 (Revenue, $Million)
Table 21. U.S. Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 22. U.S. Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 23. U.S. Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 24. Canada Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 25. Canada Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 26. Canada Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 27. Mexico Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 28. Mexico Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 29. Mexico Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 30. Europe Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 31. Europe Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 32. Europe Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 33. Europe Meniscus Repair System Market, by Country, 2021-2031 (Revenue, $Million)
Table 34. Germany Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 35. Germany Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 36. Germany Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 37. France Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 38. France Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 39. France Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 40. UK Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 41. UK Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 42. UK Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 43. Italy Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 44. Italy Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 45. Italy Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 46. Spain Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 47. Spain Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 48. Spain Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 49. Rest of Europe Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 50. Rest of Europe Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 51. Rest of Europe Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 52. Asia-Pacific Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 53. Asia-Pacific Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 54. Asia-Pacific Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 55. Asia-Pacific Meniscus Repair System Market, by Country, 2021-2031 (Revenue, $Million)
Table 56. Japan Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 57. Japan Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 58. Japan Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 59. China Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 60. China Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 61. China Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 62. India Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 63. India Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 64. India Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 65. Australia Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 66. Australia Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 67. Australia Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 68. Rest of Asia-Pacific Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 69. Rest of Asia-Pacific Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 70. Rest of Asia-Pacific Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 71. LAMEA Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 72. LAMEA Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 73. LAMEA Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 74. LAMEA Meniscus Repair System Market, by Country, 2021-2031 (Revenue, $Million)
Table 75. Brazil Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 76. Brazil Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 77. Brazil Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 78. Saudi Arabia Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 79. Saudi Arabia Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 80. Saudi Arabia Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 81. South Africa Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 82. South Africa Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 83. South Africa Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 84. Rest of LAMEA Meniscus Repair System Market, by Product, 2021-2031 (Revenue, $Million)
Table 85. Rest of LAMEA Meniscus Repair System Market, by Application, 2021-2031 (Revenue, $Million)
Table 86. Rest of LAMEA Meniscus Repair System Market, by End-user, 2021-2031 (Revenue, $Million)
Table 87. Smith & Nephew PLC: Key Executives
Table 88. Smith & Nephew PLC: Company Snapshot
Table 89. Smith & Nephew PLC: Product Segments
Table 90. Smith & Nephew PLC: Product Portfolio
Table 91. Smith & Nephew PLC: Key Strategies
Table 92. Johnson & Johnson: Key Executives
Table 93. Johnson & Johnson: Company Snapshot
Table 94. Johnson & Johnson: Product Segments
Table 95. Johnson & Johnson: Product Portfolio
Table 96. Stryker Corporation: Key Executives
Table 97. Stryker Corporation: Company Snapshot
Table 98. Stryker Corporation: Product Segments
Table 99. Stryker Corporation: Product Portfolio
Table 100. Zimmer Biomet Holding Inc.: Key Executives
Table 101. Zimmer Biomet Holding Inc.: Company Snapshot
Table 102. Zimmer Biomet Holding Inc.: Product Segments
Table 103. Zimmer Biomet Holding Inc.: Product Portfolio
Table 104. Arcuro Medical: Key Executives
Table 105. Arcuro Medical: Company Snapshot
Table 106. Arcuro Medical: Product Segments
Table 107. Arcuro Medical: Product Portfolio
Table 108. Arcuro Medical: Key Strategies
Table 109. Arthrex, Inc.: Key Executives
Table 110. Arthrex, Inc.: Company Snapshot
Table 111. Arthrex, Inc.: Product Segments
Table 112. Arthrex, Inc.: Product Portfolio
Table 113. Chetan Meditech Pvt. Ltd.: Key Executives
Table 114. Chetan Meditech Pvt. Ltd.: Company Snapshot
Table 115. Chetan Meditech Pvt. Ltd.: Product Segments
Table 116. Chetan Meditech Pvt. Ltd.: Product Portfolio
Table 117. Double Medical Technology Inc.: Key Executives
Table 118. Double Medical Technology Inc.: Company Snapshot
Table 119. Double Medical Technology Inc.: Product Segments
Table 120. Double Medical Technology Inc.: Product Portfolio
Table 121. Conmed Corporation: Key Executives
Table 122. Conmed Corporation: Company Snapshot
Table 123. Conmed Corporation: Product Segments
Table 124. Conmed Corporation: Product Portfolio
Table 125. Healthium Medtech: Key Executives
Table 126. Healthium Medtech: Company Snapshot
Table 127. Healthium Medtech: Product Segments
Table 128. Healthium Medtech: Product Portfolio
List of Figures
Figure 01. Meniscus Repair System Market, 2021-2031
Figure 02. Segmentation of Meniscus Repair System Market, 2021-2031
Figure 03. Top Investment Pockets in Meniscus Repair System Market (2022-2031)
Figure 04. Low Bargaining Power of Suppliers
Figure 05. Low Bargaining Power of Buyers
Figure 06. Low Threat of Substitutes
Figure 07. Low Threat of New Entrants
Figure 08. Low Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalmeniscus Repair System Market
Figure 10. Meniscus Repair System Market, by Product, 2021(%)
Figure 11. Comparative Share Analysis of Meniscus Repair System Market for All Inside Meniscal Repair System, by Country 2021-2031(%)
Figure 12. Comparative Share Analysis of Meniscus Repair System Market for Inside Out Meniscal Repair System, by Country 2021-2031(%)
Figure 13. Comparative Share Analysis of Meniscus Repair System Market for Outside in Meniscal Repair System, by Country 2021-2031(%)
Figure 14. Comparative Share Analysis of Meniscus Repair System Market for Meniscal Root Repair System, by Country 2021-2031(%)
Figure 15. Meniscus Repair System Market, by Application, 2021(%)
Figure 16. Comparative Share Analysis of Meniscus Repair System Market for Radial Tear, by Country 2021-2031(%)
Figure 17. Comparative Share Analysis of Meniscus Repair System Market for Horizontal Tear, by Country 2021-2031(%)
Figure 18. Comparative Share Analysis of Meniscus Repair System Market for Vertical Tear, by Country 2021-2031(%)
Figure 19. Comparative Share Analysis of Meniscus Repair System Market for Complex Tear, by Country 2021-2031(%)
Figure 20. Comparative Share Analysis of Meniscus Repair System Market for Others, by Country 2021-2031(%)
Figure 21. Meniscus Repair System Market, by End-user, 2021(%)
Figure 22. Comparative Share Analysis of Meniscus Repair System Market for Hospitals, by Country 2021-2031(%)
Figure 23. Comparative Share Analysis of Meniscus Repair System Market for Ambulatory Surgical Centers, by Country 2021-2031(%)
Figure 24. Comparative Share Analysis of Meniscus Repair System Market for Others, by Country 2021-2031(%)
Figure 25. Meniscus Repair System Market by Region, 2021
Figure 26. U.S. Meniscus Repair System Market, 2021-2031 ($Million)
Figure 27. Canada Meniscus Repair System Market, 2021-2031 ($Million)
Figure 28. Mexico Meniscus Repair System Market, 2021-2031 ($Million)
Figure 29. Germany Meniscus Repair System Market, 2021-2031 ($Million)
Figure 30. France Meniscus Repair System Market, 2021-2031 ($Million)
Figure 31. UK Meniscus Repair System Market, 2021-2031 ($Million)
Figure 32. Italy Meniscus Repair System Market, 2021-2031 ($Million)
Figure 33. Spain Meniscus Repair System Market, 2021-2031 ($Million)
Figure 34. Rest of Europe Meniscus Repair System Market, 2021-2031 ($Million)
Figure 35. Japan Meniscus Repair System Market, 2021-2031 ($Million)
Figure 36. China Meniscus Repair System Market, 2021-2031 ($Million)
Figure 37. India Meniscus Repair System Market, 2021-2031 ($Million)
Figure 38. Australia Meniscus Repair System Market, 2021-2031 ($Million)
Figure 39. Rest of Asia-Pacific Meniscus Repair System Market, 2021-2031 ($Million)
Figure 40. Brazil Meniscus Repair System Market, 2021-2031 ($Million)
Figure 41. Saudi Arabia Meniscus Repair System Market, 2021-2031 ($Million)
Figure 42. South Africa Meniscus Repair System Market, 2021-2031 ($Million)
Figure 43. Rest of LAMEA Meniscus Repair System Market, 2021-2031 ($Million)
Figure 44. Top Winning Strategies, by Year
Figure 45. Top Winning Strategies, by Development
Figure 46. Top Winning Strategies, by Company
Figure 47. Product Mapping of Top 10 Players
Figure 48. Competitive Dashboard
Figure 49. Competitive Heatmap: Meniscus Repair System Market
Figure 50. Top Player Positioning, 2021
Figure 51. Smith & Nephew PLC: Net Revenue, 2019-2021 ($Million)
Figure 52. Smith & Nephew PLC: Revenue Share by Segment, 2021 (%)
Figure 53. Smith & Nephew PLC: Revenue Share by Region, 2021 (%)
Figure 54. Johnson & Johnson: Net Revenue, 2019-2021 ($Million)
Figure 55. Johnson & Johnson: Revenue Share by Segment, 2021 (%)
Figure 56. Johnson & Johnson: Revenue Share by Region, 2021 (%)
Figure 57. Stryker Corporation: Net Revenue, 2019-2021 ($Million)
Figure 58. Stryker Corporation: Revenue Share by Segment, 2021 (%)
Figure 59. Stryker Corporation: Revenue Share by Region, 2021 (%)
Figure 60. Zimmer Biomet Holding Inc.: Net Sales, 2019-2021 ($Million)
Figure 61. Zimmer Biomet Holding Inc.: Revenue Share by Region, 2021 (%)
Figure 62. Zimmer Biomet Holding Inc.: Revenue Share by Segment, 2021 (%)
Figure 63. Conmed Corporation: Net Sales, 2019-2021 ($Million)
Figure 64. Conmed Corporation: Revenue Share by Segment, 2021 (%)
Figure 65. Conmed Corporation: Revenue Share by Region, 2021 (%)
Executive Summary
According to the report titled, 'Meniscus Repair System Market,' the meniscus repair system market was valued at $458.61 million in 2021, and is estimated to reach $1046.6 million by 2031, growing at a CAGR of 8.6% from 2022 to 2031.Meniscus repair systems are the medical devices used for repairing the meniscus tears caused due to trauma injuries or degeneration of tissue. Various types of meniscus repair systems are available in the market, and some are under development such as inside-out meniscal repair system, meniscal root repair system, and all-inside meniscal repair systems. The application of meniscus repair systems is for radial tear, horizontal tear, vertical tear, complex tear, and others. The end users of meniscus repair systems are hospitals, ambulatory surgical centers, and others.
Key factors driving the growth of the meniscus repair system market include rise in the prevalence of osteoarthritis, rise in technological advancements in meniscus repair systems and increase in the prevalence of sports injuries. In addition, rise in the number of key players who manufactures inside-out meniscal repair system is anticipated to fuel the growth of market. For instance, Smith & Nephew, medical equipment manufacturing company, manufactures meniscal stitcher repair system: inside-out delivery with smaller needle diameter. Moreover, increase in the number of product provision for all-inside meniscal repair system is attributed to drive the growth of market. Smith+Nephew, the global medical technology business, announced the launch of its FAST-FIX FLEX Meniscal Repair System, the only device to offer a surgeon-guided, bendable needle and shaft providing access to all zones of the meniscus. In addition, Rise in number of meniscal injuries due to increase in prevalence of knee osteoarthritis is anticipated to drive the growth of meniscal repair system market.
In addition, increase in the number of knee related sports injuries is anticipated to drives the growth of market. This factor is anticipated to increase the number of meniscus repair surgeries and boosts the growth of market. For instance, according to Journal of Orthopedic Research, published in March 2021, it was reported that, around 8,50,000 meniscus repair surgeries were performed in U.S. Moreover, rise in expenditure by government to develop healthcare infrastructure fuels the market growth. For instance, according to the Centers for Medicare & Medicaid Services, the U.S. health care spending increased by 9.7% from 2019 to 2020, reaching $4.1 trillion ($12,530 per person). In addition, rise in number of geriatric populations is anticipated to increase in prevalence of knee and meniscus injuries, which drives the growth of the market. As geriatric population is more susceptible to knee injuries, this factor drives the market growth. For instance, according to the U.S. Census Bureau, more than 56 million adults ages 65 and over in U.S. By 2030, it is projected to reach 73.1 million older adults.
The market also offers growth opportunities to the key players in the market. Moreover, rise in number of product launches and product approvals for meniscus repair system are anticipated to boost the market growth. For instance, in September 2020, Smith+Nephew, the global medical technology business, announced the launch of its NOVOSTITCH PRO Meniscal Repair System in Europe. The NOVOSTITCH PRO Meniscal Repair System is designed to provide surgeons with a means to treat more meniscal tears with repair and close the gap on meniscectomy.
The meniscus repair systems market is segmented on the basis of product, application, and end user. By 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. By application, the market is divided into radial tear, horizontal tear, vertical tear, complex tear, and others. On the basis of end user, the market is fragmented into hospitals, ambulatory surgical centers, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
The key players profiled in the study include Arcuro Medical, Arthrex, Inc., Chetan Meditech Pvt. Ltd., CONMED Corporation, Double Medical Technology Inc., Healthium Medtech, Johnson & Johnson, Smith & Nephew plc, Stryker Corporation, and Zimmer Biomet Holding Inc. The players in the market have been actively engaged in the adoption various Strategies such as product launch, product approval and acquisition to remain competitive and gain advantage over the competitors in the market. For instance, in June 2020, Arcuro Medical partnered with Genesis Biologics, a medical supply company, for the marketing and sales of the SuperBall meniscus repair system throughout the U.S.
Key Market Insights
By product, all inside meniscal repair system segment was the highest revenue contributor to the market and is estimated to reach $ 497.5 million by 2031, with a CAGR of 9.2%.By application, the complex tear segment dominated the global market. However, the mobile segment is expected to be the fastest-growing segment with a CAGR of 30.3% during the forecast period.
By end user, the hospitals segment dominated the global market. However, the same segment is expected to be the fastest-growing segment with a CAGR of 9.9% during the forecast period.
Based on region, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR of 9.7% during the forecast period
Companies Mentioned
- Smith & Nephew plc
- Stryker Corporation
- Chetan Meditech Pvt. Ltd.
- Johnson & Johnson
- Zimmer Biomet Holding Inc.
- Arthrex, Inc.
- Double Medical Technology Inc.
- CONMED Corporation
- Arcuro Medical
- Healthium Medtech
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 | 386 |
| Published | January 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 458.6 million |
| Forecasted Market Value ( USD | $ 1046.6 million |
| Compound Annual Growth Rate | 8.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
