Meniscus repair systems is a device intended for use in meniscal repairs and meniscal allograft transplant procedures such as insertion, anchoring or suturing the allograft to the meniscal rim during transplant procedures. A meniscus transplant or repair surgery is performed to repair or replace the damaged or diseased meniscus of the knee.
The growing risk factors such as sporting culture and adventure sports such as rugby, old age, sedentary lifestyle, autoimmune diseases and others are driving a large adoption meniscus repair systems among end users.
The global market for meniscus repair systems is highly consolidated, representing monopsony characteristics with a handful of players accounting for a large market share owing to the nascent stage of market and the high technological intensity of these devices.
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Advancements in technology such as development of miniaturized system using advanced chrome based materials, automated deployment of sutures and others is driving the growth of the Meniscus Repair Systems market. The development of bio absorbable sutures has greatly aided the adoption of Meniscus Repair Systems market.
However, the constraints, such as lack of trained and experienced surgeons in meniscus transplantation is hampering the growth of meniscus repair systems market. The high cost of surgery coupled with the complications such as risk of infection, pain, and post-surgery stiffness is restricting the market growth.
The lack of consensus among surgeons concerning the indications, long-term efficacy, allograft sizing, and fixation techniques is another factor constraining the meniscus repair systems market.
Meniscus Repair Systems Market: Segmentation
The global meniscus repair systems market is segmented based on utility, physiological parameters, distribution channel and region.
Based on components, the global meniscus repair systems market is segmented into the following:
Based on distribution channel, the global meniscus repair systems market is segmented into the following:
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Meniscus repair systems Market: Regional Outlook
The global meniscus repair systems market is classified into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan and Middle East & Africa.
North America dominated by the U.S. accounts for the largest share of the global meniscus repair systems market owing to the concentration of key market players, high awareness and faster uptake of latest technologies.
North America region is followed by Europe which is expected to be led by Germany, France and the U.K. The advanced medical devices industry of Germany is a significant driver of the European meniscus repair systems market.
The meniscus repair systems market is expected to be driven by the developed regions of North America and Europe owing to first comer advantages, high per capita income, fast adoption of newer technology, developed healthcare infrastructure, among others.
Thus, North America and Europe are expected to generate the largest as well as the fastest growing meniscus repair systems market.
Meniscus Repair Systems Market: Key Players
Some of the major vendors operating in the global meniscus repair systems market are Ceterix Orthopaedics, DePuy Synthes (Johnson & Johnson), Arcuro Medical ltd., Arthrex, Inc., Stryker, Medtronic, Cayenne Medical, Inc., BIOTEK, NuSurface, EBERLE GmbH & Co. KG and others.
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