Meniscus Repair System Market
Meniscus Repair System Market Study by All-inside Meniscal Repair Systems, Outside-in Meniscal Repair Systems, Inside-out Meniscal Repair Systems, and Meniscal Root Repair Systems from 2024 to 2034
Analysis of Meniscus Repair System Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Meniscus Repair System Market Outlook (2024 to 2034)
The global meniscus repair system market registered a valuation of around US$ 363.9 million in 2019. The demand for meniscus repair systems was fueled by technological developments in arthroscopic procedures and surgical therapies before witnessing a brief period of a downturn during the years 2020 and 2021. The market for meniscus repair systems is expected to be worth US$ 556.2 million in 2024 by taking into account all breakthroughs in arthroscopic knee surgery.
As orthopedic surgeons adopt less invasive surgeries more and more these days, industry players in this sector are expected to witness a continuous growth in demand for arthroscopic knee repair systems. As per the recently released market analysis report, sales of meniscus repair systems are expected to increase at an annual average rate of 8.6% over the next ten years. By following this robust growth rate, the global meniscus repair system market is expected to reach a valuation of US$ 1,268 million by the end of this forecast period.
Meniscus Repair System Market Trends and Analysis
The need for different types of effective knee surgery and recovery methods has increased due to the growth in sports-related injuries that include meniscus tears. Meniscus repair system manufacturers have also witnessed a significant rise in profit with the increase in the common occurrence of sports injuries that require minimal invasive surgeries to remain physically active.
There has been a noticeable change in orthopedic procedures from resecting to conserving the meniscus as orthopedic surgeons are prioritizing treatments that retain the natural knee structure more these days. Meniscus repair systems also stand to gain more traction in the coming days as the healthcare community is now stressing restoration procedures over the removal of meniscus tissues.
Report Attributes | Details |
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Estimated Market Value (2024E) | US$ 556.2 million |
Forecasted Market Value (2034F) | US$ 1,268 million |
Global Market Growth Rate (2024 to 2034) | 8.6% CAGR |
All-inside Meniscal Repair System Segment Growth Rate (2024 to 2034) | 8.8% CAGR |
Bucket-handle Tear Segment Growth Rate (2024 to 2034) | 9.1% CAGR |
Specialized Orthopedic Clinics Segment Growth Rate (2024 to 2034) | 9.2% CAGR |
North America Market Share (2024) | 37.5% |
East Asia Market Share (2024) | 13.6% |
Key Companies Profiled |
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What are the Prominent Factors Fuelling the Meniscus Repair System Market Expansion?
“Growing Incidences of Meniscal Tear among Aging Population and Advancements to Lessen their Recovery Period”
Modern-day surgical treatments for meniscal tears now have greater endurance and biocompatibility because of the ongoing advancements in implant material science. In line with these developments, meniscus repair system manufacturers are undertaking research and experimentation initiatives to come up with novel materials that maximize integration and healing.
The increase in the aging population group is going to remain an undeniably important factor for the higher use of such systems to reduce the meniscal repair recovery time. So, nowadays, market participants or global suppliers of meniscus repair systems are focusing on countries with more senior citizens who are looking for practical ways to preserve joint function and health.
Country-wise Insights
Country | Regional Market CAGR (2024 to 2034) |
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United States | 6.9% CAGR |
China | 12.5% CAGR |
Why is the United States Dominating the Meniscus Repair System Market?
“The United States Holds Nearly 90% of the Total Market Share in North America”
The meniscus repair system industry in North America is estimated to be worth US$ 209 million in 2024. This year, the regional market in the United States, with a net worth of US$ 186.1 million, is expected to contribute to almost 89.2% of the total sales in North America.
Meniscus injuries and other degenerative knee problems are more common in the United States as the demographic structure in the country has shifted towards the old age group. Industry participants in the United States are expected to witness a surge in domestic demand to serve the increasing number of senior patients in the coming days. According to market estimates, the sales of meniscus repair systems are likely to increase with a CAGR of 6.9% between 2024 and 2034.
Contrastingly, the demand for meniscus repair systems in Canada is observed to be growing at a faster rate than that of the United States in recent years. As per the estimates by Fact.MR, the regional meniscal tear treatment system market, is likely to witness a year-on-year growth rate of 8.9% through the projected years. By following this higher growth, the net worth of the Canadian meniscus repair system market is forecast to reach up to US$ 34 million by 2034, increasing from US$ 14.5 million in 2024.
Who is Leading the Meniscus Repair System Market in East Asia?
“China is the Leading Market and Caters for More Than 50% of the Demand in East Asia”
The meniscus repair system industry in East Asia is estimated to be valued at nearly US$ 76 million for the year 2024. This region, comprised of China, Japan, and South Korea, is expected to witness a year-on-year growth rate of 11.4% on average through the forecast years. China is the leading manufacturer of meniscus repair systems in East Asia, and in 2024, it is expected to contribute to almost 54.8% of the regional market share.
In East Asian countries, the need for specialist repair systems for meniscus implants has been driven by patients and healthcare providers' growing realization of the significance of meniscus preservation. In response to this shifting mindset, many medical equipment manufacturers in China, Japan, and South Korea have started producing and supplying meniscus repair systems at a greater rate.
In order to remain up to date with changing clinical practices and make sure their systems meet global industry standards, Chinese manufacturers are maintaining active relationships with international orthopedic professionals' associations. During the projected years, the production of meniscus repair systems in China is anticipated to grow at an astounding rate of 12.5%. The Fact.MR further predicts the net worth of the meniscus repair system industry in China to reach up to US$ 135 million by 2034 end.
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Category-wise Insights
Which Type of Meniscus Repair System Products are in Higher Demand these days?
“Patients are Observed to be Preferring Inside-out Meniscal Repair Systems over All-inside Systems”
Among the different types of knee meniscus repair techniques in demand currently, the all-inside meniscal repair systems are expected to hold 67% of the total market share in 2024. Due to the fact that all-inside meniscus repair systems support less invasive procedures and a faster recovery time, surgeons favor them more. Over the next ten years, the overall share of this segment is forecast to increase at a compound annual growth rate of 8.8%.
The demand for inside-out meniscal repair systems, on the other hand, is anticipated to follow the earlier segment by registering a yearly growth rate of 8.6% during this period. Patients choose inside-out meniscus repair techniques for meniscal tear recovery to enhance long-term results and joint preservation. Through the forecast years, this segment is likely to expand at a CAGR of 8.6% and contribute US$ 244.7 million by 2034.
Who are the Prominent End-user Verticals for the Meniscus Repair System Industry?
“Patients’ Demand for Meniscal Tear Treatment in Specialized Orthopedic Clinics is growing at a Faster Rate”
Based on the different end-user verticals for meniscus repair systems, hospitals constitute the leading segment, with 51.1% of the estimated global revenue in 2024. Patients are more interested in meniscus anatomical restoration procedures under the supervision of trained healthcare service providers in hospitals. Through the projected years, this segment is expected to expand further at a rate of 8.1% per year till 2034.
The specialized orthopedic clinics that allow for anatomically precise repairs in line with the changing requirements of knee joint reconstruction therapy are witnessing a higher influx of meniscal tear patients these days. So, the demand for meniscus repair materials in this segment is projected to rise at an impressive annual increment rate of 9.2% through the projected years.
Competitive Landscape
The key players in the menisus repair system market include Medtronic Plc., Johnson & Johnson, Smith & Nephew Plc, Zimmer Biomet, Stryker Corporation, Arthrex, Inc., Conmed Corporation, and Arcuro Medical Ltd.
The market competition for meniscus repair system manufacturers has transfigured with advancements in biologics, including growth factors and platelet-rich plasma (PRP) techniques. Leading market players that are incorporating biologic components into their systems to improve tissue healing and give a wide range of treatment alternatives are expected to capture a greater share of the business.
Recent Developments by Meniscus Repair System Industry Participants
The medical supply business Genesis Biologics and Arturo Medical entered into a partnership in June 2020. With this partnership, they are aiming to promote and sell the SuperBall meniscus repair device across the United States.
In July 2021, Smith & Nephew PLC released the FAST-FIX FLEX meniscal repair system to strengthen its product portfolio further. Smith+Nephew's Orthopaedics portfolio includes an innovative range of hip and knee implants along with technologies, and services that empower surgeons.
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Key Segments Covered by Meniscus Repair System Industry Survey Report
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By Product Type:
- All-inside Meniscal Repair System
- Outside-In Meniscal Repair Systems
- Inside-Out Meniscal Repair Systems
- Meniscal Root Repair Systems
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By Clinical Application:
- Radial Tear
- Horizontal Tear
- Flap Tear
- Complex Tear
- Bucket-Handle Tear
- Oblique Tear
- Other Clinical Applications
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By End User Verticals:
- Hospitals
- Ambulatory Surgical Centers
- Specialized Orthopedic Clinics
- Other End User Verticals
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By Region:
- North America
- Europe
- Latin America
- East Asia
- South Asia & Oceania
- The Middle East & Africa (MEA)
- FAQs -
What was the Value of the Meniscus Repair System Market in 2019?
The global meniscus repair system market was worth US$ 363.9 million in 2019.
What is the Sales Outlook for the Meniscus Repair System Market for the Year 2024?
The global meniscus repair system market is anticipated to be valued at US$ 556.2 million in 2024.
What is the Demand Forecast for the Meniscus Repair System for the decade?
The meniscus repair system market value is likely to reach US$ 1,268 million by the end of 2034.
What is the Predicted Growth Rate for Global Meniscus Repair System Market?
The adoption of the meniscus repair system is projected to rise at a CAGR of 8.6% through 2034.
At What Rate the United States Meniscus Repair System Market is Predicted to Grow?
The United States meniscus repair system market is likely to register a CAGR of 6.9% through 2034.