The Europe Meniscus Repair Systems Market would witness market growth of 5.3% CAGR during the forecast period (2022-2028).
The demand for meniscus repair systems is anticipated to be influenced by the requirement for meniscus repair procedures to avoid osteoarthritis. The increased prevalence of conditions like arthritis and trauma among patients drives the market for meniscus repair devices. The injured knee meniscus is replaced or repaired during this procedure. The prevalence of sports injuries is rising along with the number of athletes.
Meniscus repair methods are becoming more popular as a consequence. Meniscus tears are quite common in young athletes. There is an increase in research and development to enhance treatments that support the market expansion for meniscus repair. Contrary to traditional orthopedic operations, technological improvements make meniscus repair more effective. As soon as the broken components are conveniently fixed or replaced, alleviation is felt immediately. In addition, the interpretation of medical data using artificial intelligence has made it easier for practitioners. AI algorithms and machine learning are effectively utilized to learn based on the patient's past history.
Falls and fractures were the most common and severe health issues faced by older adults in England. In addition, many European countries are seeing a sharp increase in their elderly populations. According to a 2018 Ageing Report published by the EU, the overall population of the EU is expected to rise from 511 million in 2016 to 520 million in 2070. However, the number of individuals of working age (defined as those between the ages of 15 and 64) will decrease, falling from 333 million in 2016 to 292 million in 2070. All of these elements contribute to the regional expansion of the growth of the European meniscus repair systems market.
The Germany market dominated the Europe Meniscus Repair Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $41.6 million by 2028. The UK market is anticipated to grow at a CAGR of 4.4% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 6.1% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Meniscus Repair Systems Market will Hit $618.5 Million by 2028, at a CAGR of 5.7%
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.
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