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The global meniscus repair system market was valued at USD 459.2 million in 2022 and growing at a CAGR of 6.00% from 2023 to 2032. The market is expected to reach USD 822.3 million by 2032. The rising number of meniscal allograft transplant and repair techniques will propel market expansion. Increasing awareness about cutting-edge medical technology and growing hospital admissions for osteoarthritis will stimulate revenue growth. Further, the launch of combined repair solutions for outside/in or inside-out meniscal repair, root repair techniques, all-inside meniscal repair, and other developed applications are primary critical factors pushing the meniscus repair systems market growth on a worldwide level.
An arthroscopic meniscectomy or meniscal repair is a surgical procedure to repair a torn meniscus through keyhole surgery. It implicates the removal of some or all of a meniscus from the tibiofemoral joint of the knee using arthroscopic or keyhole surgery. The technique can be a complete meniscectomy, where the meniscus and the meniscal rim are released, or partial, where only a section of the meniscus is extracted. It may vary from a minor trimming of a frayed edge to anything short of removing the rim. It is a minimally invasive procedure usually undergone as an outpatient in a one-day clinic. It is performed when a meniscal tear is too large to be corrected by a surgical repair of the meniscus. Factors affecting success include patient age, location, pattern, tear age, and any related injuries. Where non-operative therapy provides some degree of symptom relief over the long term, these advantages may become highly ineffective as the affected meniscus worsens. In such cases, partial arthroscopic meniscectomy can improve a patient's quality of life. Similarly, A meniscus is a c-shaped piece of cartilage that functions as a shock absorber between the bones of the knee. Individually knee has two menisci, a medial meniscus on the knee's inner side and a lateral meniscus, i.e., on the outer side of the knee. The preliminary job of the menisci is to absorb pressure and distribute your body weight. Menisci also protect the leg bones from rubbing together, which can lead to osteoarthritis. Likewise, Sudden twisting motions often cause meniscus tears. Sports injuries are the most common reason, but anyone at any age can injure their meniscus. The meniscus is split into three zones: red-red, red-white, and white-white. The zones are separated by vascularization and therefore have healing potential.
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Recent Development
In January 2019, Smith & Nephew plc purchased Ceterix Orthopedics, Inc, a well-known developer of the NovoStitch Pro Meniscal Repair System to support the firm’s strategy for funding innovative technologies for catering to the unmet clinical requirements.
Rising cases of sports injuries are pushing meniscus repair systems market- Meniscus tear is a typical result of sports injuries. The athletic population is at a more increased risk, particularly those participating in sports like soccer, basketball, and football. In athletics, traumatic wounds to the knee are very common. However, people engrossed in regular physical activities, like the military, are also at a higher risk of musculoskeletal injuries such as meniscal tears. The number of sports injuries is increasing as youngsters actively participate in sports. The above-all factor is anticipated to drive the meniscus repair systems market shortly.
Improper positioning of the implants- Surgeons make a step to balance the knee at the time of surgery. This means discovering the proper size and alignment of the knee substitute so that the knee joint is not too tight or loose. The goal is to make the balancing same whether the knee is straight or bent. This is precisely why a knee replacement is a complex procedure. The art of perfecting this brings many years. Errors in the positioning of an implant may not be apparent on the operating table. They may only become noticeable when the patient is slow to recover from surgery.
Advancement in technology brings new prospects to the market- Meniscus repair is enhanced with technological advancement under conventional orthopedic surgeries. The damaged parts are now easily replaced or repaired, leading to quick relief. The smart use of artificial intelligence in analyzing medical information has relieved practitioners. The learnings based on the patient's prior history are effectively done with the help of machine learning and Al algorithms.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest market for the global meniscus repair system market, with a 35.8% share of the market revenue in 2022.
North America holds the most significant share of the region's growth of the meniscus repair systems market. This is due to the rising number of knee surgery patients, and developing healthcare expenses which are anticipated to propel the demand in the United States. Further, an increase in the number of meniscal-related surgeries due to the presence of cutting-edge diagnostic devices and a rise in the number of sports participations is one of the primary elements expanding the meniscus repair systems market.
North America Region Meniscus Repair System Market Share in 2022 - 35.8%
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The product type segment is divided into inside-out meniscal repair system, meniscal root repair system, all-inside meniscal repair system, and outside-in meniscal repair system. The all-inside meniscal repair system segment dominated the market, with a market share of around 28% in 2022. All-inside meniscal repair systems lower the technical problem, surgical time, and possibility of neurovascular structures. In expansion, such systems bypass the risks related to secondary incisions, reduced operative times, and the comfort of using implants. Therefore, increasing benefits associated with all-inside meniscus repair systems and a rise in their adoption rate is assessed to improve the segment growth.
The application segment is divided into horizontal tear, complex tear, radial tear, flap tear, and others. The radial tear segment dominated the market, with a market share of around 25% in 2022. Enhanced techniques for radial tears contain the inside-out or outside-in repair, cross suture for a complete radial tear of the lateral meniscus, and others.
The end-use segment is divided into ambulatory surgical centers, specialized orthopedic clinics, hospitals, and others. The hospitals segment dominated the market, with a market share of around 27% in 2022. Due to the increasing number of hospitals provided with technologically cutting-edge systems for performing knee-related meniscal surgeries. Similarly, expanding medical coverage for patients is also predicted to raise the number of surgical procedures, thereby improving market development.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Million) |
| Market size value in 2022 | USD 459.2 Million |
| Market size value in 2032 | USD 822.3 Million |
| CAGR (2023 to 2032) | 6.00% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Regional Segments | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Product Type, Application, End-Use |
As per The Brainy Insights, the size of the meniscus repair system market was valued at USD 459.2 million in 2022 to USD 822.3 million by 2032.
Global meniscus repair system market is growing at a CAGR of 6.00% during the forecast period 2023-2032.
North America region emerged as the largest market for the meniscus repair system market.
Rising cases of sports injuries are pushing meniscus repair systems market.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Product Type
4.3.2. Market Attractiveness Analysis by Application
4.3.3. Market Attractiveness Analysis by End-Use
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Rising cases of sports injuries are pushing meniscus repair systems market
5.3. Restraints
5.3.1. Improper positioning of the implants
5.4. Opportunities
5.4.1. Technological advancement brings new prospect to the market
6. Global Meniscus Repair System Market Analysis and Forecast, By Product Type:
6.1. Segment Overview
6.2. Inside-out Meniscal Repair System
6.3. Meniscal Root Repair System
6.4. All-inside Meniscal Repair System
6.5. Outside-in Meniscal Repair System
7. Global Meniscus Repair System Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Horizontal Tear
7.3. Complex Tear
7.4. Radial Tear
7.5. Flap Tear
7.6. Others
8. Global Meniscus Repair System Market Analysis and Forecast, By End-Use
8.1. Segment Overview
8.2. Ambulatory Surgical Centers
8.3. Specialized Orthopaedic Clinics
8.4. Hospitals
8.5. Others
9. Global Meniscus Repair System Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Meniscus Repair System Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Meniscus Repair System Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Arcuro Medical
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Arthrex, Inc.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. BIOTEK
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Chemex Trading SA.
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. CONMED Corporation
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. DePuy Synthes (Johnson & Johnson)
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Double Medical Technology Inc.
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Smith & Nephew
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Stryker
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Zimmer Biomet
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
List of Table
1. Global Meniscus Repair System Market, By Product Type, 2019-2032 (USD Million)
2. Global Inside-out Meniscal Repair System Meniscus Repair System Market, By Region, 2019-2032 (USD Million)
3. Global Meniscal Root Repair System Meniscus Repair System Market, By Region, 2019-2032 (USD Million)
4. Global All-inside Meniscal Repair System Meniscus Repair System Market, By Region, 2019-2032 (USD Million)
5. Global Outside-in Meniscal Repair System Meniscus Repair System Market, By Region, 2019-2032 (USD Million)
6. Global Meniscus Repair System Market, By Application, 2019-2032 (USD Million)
7. Global Horizontal Tear Meniscus Repair System Market, By Region, 2019-2032 (USD Million)
8. Global Complex Tear Meniscus Repair System Market, By Region, 2019-2032 (USD Million)
9. Global Radial Tear Meniscus Repair System Market, By Region, 2019-2032 (USD Million)
10. Global Flap Tear Meniscus Repair System Market, By Region, 2019-2032 (USD Million)
11. Global Others Meniscus Repair System Market, By Region, 2019-2032 (USD Million)
12. Global Meniscus Repair System Market, By End-Use, 2019-2032 (USD Million)
13. Global Ambulatory Surgical Centers Meniscus Repair System Market, By Region, 2019-2032 (USD Million)
14. Global Specialized Orthopaedic Clinics Meniscus Repair System Market, By Region, 2019-2032 (USD Million)
15. Global Hospitals Meniscus Repair System Market, By Region, 2019-2032 (USD Million)
16. Global Others Meniscus Repair System Market, By Region, 2019-2032 (USD Million)
17. North America Meniscus Repair System Market, By Product Type, 2019-2032 (USD Million)
18. North America Meniscus Repair System Market, By Application, 2019-2032 (USD Million)
19. North America Meniscus Repair System Market, By End-Use, 2019-2032 (USD Million)
20. U.S. Meniscus Repair System Market, By Product Type, 2019-2032 (USD Million)
21. U.S. Meniscus Repair System Market, By Application, 2019-2032 (USD Million)
22. U.S. Meniscus Repair System Market, By End-Use, 2019-2032 (USD Million)
23. Canada Meniscus Repair System Market, By Product Type, 2019-2032 (USD Million)
24. Canada Meniscus Repair System Market, By Application, 2019-2032 (USD Million)
25. Canada Meniscus Repair System Market, By End-Use, 2019-2032 (USD Million)
26. Mexico Meniscus Repair System Market, By Product Type, 2019-2032 (USD Million)
27. Mexico Meniscus Repair System Market, By Application, 2019-2032 (USD Million)
28. Mexico Meniscus Repair System Market, By End-Use, 2019-2032 (USD Million)
29. Europe Meniscus Repair System Market, By Product Type, 2019-2032 (USD Million)
30. Europe Meniscus Repair System Market, By Application, 2019-2032 (USD Million)
31. Europe Meniscus Repair System Market, By End-Use, 2019-2032 (USD Million)
32. Germany Meniscus Repair System Market, By Product Type, 2019-2032 (USD Million)
33. Germany Meniscus Repair System Market, By Application, 2019-2032 (USD Million)
34. Germany Meniscus Repair System Market, By End-Use, 2019-2032 (USD Million)
35. France Meniscus Repair System Market, By Product Type 2019-2032 (USD Million)
36. France Meniscus Repair System Market, By Application, 2019-2032 (USD Million)
37. France Meniscus Repair System Market, By End-Use, 2019-2032 (USD Million)
38. U.K. Meniscus Repair System Market, By Product Type, 2019-2032 (USD Million)
39. U.K. Meniscus Repair System Market, By Application, 2019-2032 (USD Million)
40. U.K. Meniscus Repair System Market, By End-Use, 2019-2032 (USD Million)
41. Italy Meniscus Repair System Market, By Product Type, 2019-2032 (USD Million)
42. Italy Meniscus Repair System Market, By Application, 2019-2032 (USD Million)
43. Italy Meniscus Repair System Market, By End-Use, 2019-2032 (USD Million)
44. Spain Meniscus Repair System Market, By Product Type, 2019-2032 (USD Million)
45. Spain Meniscus Repair System Market, By Application, 2019-2032 (USD Million)
46. Spain Meniscus Repair System Market, By End-Use, 2019-2032 (USD Million)
47. Asia Pacific Meniscus Repair System Market, By Product Type, 2019-2032 (USD Million)
48. Asia Pacific Meniscus Repair System Market, By Application, 2019-2032 (USD Million)
49. Asia Pacific Meniscus Repair System Market, By End-Use, 2019-2032 (USD Million)
50. Japan Meniscus Repair System Market, By Product Type, 2019-2032 (USD Million)
51. Japan Meniscus Repair System Market, By Application, 2019-2032 (USD Million)
52. Japan Meniscus Repair System Market, By End-Use, 2019-2032 (USD Million)
53. China Meniscus Repair System Market, By Product Type 2019-2032 (USD Million)
54. China Meniscus Repair System Market, By Application, 2019-2032 (USD Million)
55. China Meniscus Repair System Market, By End-Use, 2019-2032 (USD Million)
56. India Meniscus Repair System Market, By Product Type 2019-2032 (USD Million)
57. India Meniscus Repair System Market, By Application, 2019-2032 (USD Million)
58. India Meniscus Repair System Market, By End-Use, 2019-2032 (USD Million)
59. South America Meniscus Repair System Market, By Product Type, 2019-2032 (USD Million)
60. South America Meniscus Repair System Market, By Application, 2019-2032 (USD Million)
61. South America Meniscus Repair System Market, By End-Use, 2019-2032 (USD Million)
62. Brazil Meniscus Repair System Market, By Product Type 2019-2032 (USD Million)
63. Brazil Meniscus Repair System Market, By Application, 2019-2032 (USD Million)
64. Brazil Meniscus Repair System Market, By End-Use, 2019-2032 (USD Million)
65. Middle East and Africa Meniscus Repair System Market, By Product Type, 2019-2032 (USD Million)
66. Middle East and Africa Meniscus Repair System Market, By Application, 2019-2032 (USD Million)
67. Middle East and Africa Meniscus Repair System Market, By End-Use, 2019-2032 (USD Million)
68. UAE Meniscus Repair System Market, By Product Type, 2019-2032 (USD Million)
69. UAE Meniscus Repair System Market, By Application, 2019-2032 (USD Million)
70. UAE Meniscus Repair System Market, By End-Use, 2019-2032 (USD Million)
71. South Africa Meniscus Repair System Market, By Product Type 2019-2032 (USD Million)
72. South Africa Meniscus Repair System Market, By Application, 2019-2032 (USD Million)
73. South Africa Meniscus Repair System Market, By End-Use, 2019-2032 (USD Million)
List of Figures
1. Global Meniscus Repair System Market Segmentation
2. Meniscus Repair System Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Meniscus Repair System Market Attractiveness Analysis by Product Type
9. Global Meniscus Repair System Market Attractiveness Analysis by Application
10. Global Meniscus Repair System Market Attractiveness Analysis by End-Use
11. Global Meniscus Repair System Market Attractiveness Analysis by Region
12. Global Meniscus Repair System Market: Dynamics
13. Global Meniscus Repair System Market Share by Product Type (2022 & 2032)
14. Global Meniscus Repair System Market Share by Application (2022 & 2032)
15. Global Meniscus Repair System Market Share by End-Use (2022 & 2032)
16. Global Meniscus Repair System Market Share by Regions (2022 & 2032)
Global Meniscus Repair System Market Share by Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global meniscus repair system market based on below mentioned segments:
Global Meniscus Repair System Market Product Type:
Global Meniscus Repair System Market Application:
Global Meniscus Repair System Market End-Use:
Global Meniscus Repair System Market by Region:
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