The new report by Expert Market Research titled, ‘Global Soft Tissue Allografts Market Report and Forecast 2023-2023’, gives an in-depth analysis of the global soft tissue allografts market, assessing the market based on its segments like type, application, end-use, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2031)
- Historical Market Size (2022): USD 4.5 Billion
- Forecast CAGR (2023-2031): 7.0%
- Forecast Market Size (2031): USD 8.3 Billion
As the number of procedures increases, the global soft tissue allografts market is being guided by increasing opportunities. The anterior cruciate ligament (ACL) reconstruction is a common occurrence among athletes and is expected to drive soft tissue allograft market development. The market is also boosted by the need for healthy teeth, which keeps the demand up. Also, the poor lifestyle of the population as a result of a technology-addicted lifestyle would fuel the market growth.
Soft Tissue Allografts Market Definition and Major Segments
Soft tissue allografts are replacement tissues that are used to repair deficient ligaments, broken menisci, spinal surgery, and osteochondral defects in knee surgery. They go through a three-stage safety inspection.
Based on type, the industry is divided into:
- Cartilage Allograft
- Tendon Allograft
- Meniscus Allograft
- Dental Allograft
Based on application, the industry is segmented into:
- Wound Care
Based on end-use, the industry is divided into:
- Aesthetic Centres
- Orthopaedic Clinics
- Dental Clinics
Regionally, the market can be classified into:
- North America
- Latin America
- Middle East and Africa
- Asia Pacific
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Soft Tissue Allografts Market Trends
The growth of the global soft tissue allografts market is aided by the rising opportunities as the number of procedures rise. Increased product introduction in the market is expected to drive the growth of the market in the coming years. Direct Biologics LLC released AmnioWrap placental-based sheet allografts for clinical use in January 2021. AmnioWrap is a three-layer graft that can be used in both acute and chronic wounds. Moreover, BioStem Technologies Inc. announced the launch of AEON, the company’s sixth and most recent perinatal tissue allograft platform, in October 2020.
Key Market Players
The major players in the market are Allergan [AGN (NYSE)], CONMED Corporation [CNMD (NASDAQ)], Xtant Medical [CNMD (NASDAQ)], and Becton, and Dickinson and Company [BDX (NYSE)], among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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