PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1410545
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1410545
Osteoarthritis, a common degenerative joint disease, affects millions of people globally, particularly in the hands, hips, and knees. The prevalence of osteoarthritis is on the rise, with approximately 30 million individuals suffering from it in the U.S. According to the OECD, a significant percentage of the global population aged over 60, including 10% of men and 18% of women, experience symptomatic injuries to the anterior cruciate ligament and meniscus, elevating their risk of developing osteoarthritis later in life.
In recent years, preserving the meniscus has gained prominence as a preventive measure against osteoarthritis, particularly in young patients. The meniscus plays a crucial role in maintaining knee joint integrity, and meniscus repair surgeries have emerged as a significant method to prevent osteoarthritis. The increasing need for these surgeries is expected to drive demand for meniscus repair systems.
Sports-related injuries often result in meniscus tears, especially among athletes participating in activities like football, soccer, and basketball, where knee injuries are common. Traumatic knee injuries are prevalent in athletics, and prompt diagnosis and treatment are crucial. Meniscus tears are among the most frequently occurring injuries in young athletes. Regular physical activities, including military service, also elevate the risk of musculoskeletal injuries such as meniscal tears. As the number of sports-related injuries continues to rise, particularly among young athletes, the meniscus repair systems market is expected to grow.
Manufacturers are focusing on developing advanced meniscus repair systems, including knotless and all-suture systems, to simplify surgical procedures. These technological innovations are expected to boost demand for meniscus repair systems. Knotless technology-based devices have been introduced, eliminating the need for pre-tied sliding knots on the articular surface of the meniscus, which reduces potential complications. Examples include Zimmer Biomet's MaxFire Meniscal Repair Device and Arcuro Medical's SuperBall knotless meniscus repair systems.
Despite being a low-risk surgery, meniscus repair procedures are associated with risks such as infections, nerve injuries, knee stiffness, and excessive bleeding. The risks linked to surgeries performed using meniscus repair systems are expected to limit market growth.
Among various meniscus repair techniques, clinicians prefer the all-inside meniscal repair technique due to its lower complication rates and decreased morbidity compared to other methods. The all-inside technique is gaining popularity, and manufacturers are launching meniscus repair systems with new features aligned with this approach.
Leading players in the meniscus repair systems market include Medtronic Plc., Johnson & Johnson, Smith & Nephew Plc, Zimmer Biomet, Stryker Corporation, Arthrex, Inc., Conmed Corporation, and Arcuro Medical Ltd. These companies are pursuing strategies such as acquisitions and partnerships to expand their global presence and product portfolios and capitalize on growth opportunities in regional markets for meniscus repair systems.
The report provides a comprehensive segmentation of the meniscus repair systems market based on product type, clinical application, end user, and region.