According to the latest soft tissue market projections, the industry is anticipated to witness growth and development in the coming years, owing to the increasing prevalence of degenerative joint disorders across the globe. As per the latest studies by the WHO or World Health Organization, over 18 % of geriatric females, as well as 9.6 % of geriatric males, suffer from symptomatic osteoarthritis. Furthermore, the rising application of the products and solutions in the soft tissue market in clinical settings, for treatment of sports injuries and ortho-medical procedures is also generating attractive growth opportunities in the landscape of the soft tissue industry.
A few of the prominent emerging trends of the soft tissue market include the increasing utilization of tendon allografts for the purpose of ligament reconstruction. Additionally, the rising popularity of post graft release management solutions, enhanced manufacturing protocols, and increasing demand for preventive measures are also generating attractive expansion and revenue generation opportunities in the near future in the soft tissue market. Moreover, the increase in the adoption of the new age custom 3D bone allografts technologies and solutions is also favoring the development of the soft tissue market.
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North America Leads Soft Tissue Market, Asia Pacific to Offer Lucrative Opportunities
Based on the demand analysis of soft tissue market, the regional industry of North America is set to account for the largest share in the industry. The North America soft tissue market held the highest share in the soft tissue market in recent past and is anticipated to hold on to its dominant positioning in the global industry in the coming years. The development of the North America soft tissue market can be attributed to the massive presence of a large number prominent regional and multinational players in the region, rising healthcare spending, and the rising number of research and development activities across the region.
Additionally, the early availability of various new technologies and techniques in the region, owing to its strong and technologically advanced healthcare infrastructure is also expected to foster the growth and development trajectory of the soft tissue market in North America in the near future. Another major region that is most likely to draw significant demand in the coming years is Asia Pacific. Rising instances of new product launches as well as distribution agreements among the regional participants and players are stimulating highly attractive growth opportunities in the Asia Pacific soft tissue market.
Players in Soft Tissue Market Focused on R & D and New Product Launches
Some of the significant and dominant stakeholders and participants in the soft tissue market are LinkoCare Life Sciences AB, Bone Bank Allografts, CONMED Corporation, Arthrex, Inc., RTI Surgical, Inc., Corneat Vision, Presbia PLC, MTF Biologics, AlloSource, and Zimmer Biomet Holdings, Inc., among others. The manufacturers and players functional in the soft tissue market are focused on adopting various expansion strategies, including regional expansion, research and development, new product launches, strategic alliances and partnerships, mergers and acquisitions, and strengthening distribution channels.
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The major players and manufacturers working in the soft tissue market are focusing on product innovations and portfolio expansion activities. For instance, several manufacturers in the soft tissue market are developing new type of non-bone tendon allografts to serve as the best substitute for an allograft in all kinds of ligament reconstruction procedures.
The leading manufacturers and players functional in the industry offer various soft tissue types, such as tendon allografts, ligament allografts, dental allografts, amniotic allografts, cartilage allografts, meniscus, artificial cornea, and collagen allografts, among others. Among these, collagen allografts account for the highest demand in the soft tissue market. Key end users for the solutions and products offered by the manufacturers and participants in the soft tissue market include orthopedic clinics as well as hospitals, among others. The demand for the products and solutions offered by the leading players and stakeholders in the soft tissue market is particularly strong from the hospitals.