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North America Soft Tissue Repair Market Forecast 2019-2028

KEY FINDINGS
The North America soft tissue repair market is projected to register a CAGR of 6.02%, over the forecast period of 2019 to 2028. The region's market growth is fueled by factors such as, the growing awareness about soft tissue repair, the rising prevalence of hernia disorders and musculoskeletal diseases, and the increasing number of orthopedic and sports-related injuries, and trauma cases.

MARKET INSIGHTS
Canada and the United States are analyzed for the North America soft tissue repair market growth assessment. Canada is among the most advanced and developed economies, worldwide, with a sharp focus on healthcare and medical infrastructure. According to the Canadian Institute for Health Information, the country's total health expenditure in 2019 was anticipated to reach over $260 billion. Moreover, it is estimated that health spending represented 11.6% of Canada's gross domestic product (GDP).
Heart diseases are among the predominant causes of death in Canada, and account for over 33,600 fatalities, each year. Likewise, according to the federal estimations, more than 1.4 million Canadians have heart diseases. The growing number of trauma cases, as well as sport-related and orthopedic injuries, further drives the region's market growth. For instance, as per the Canadian Institute for Health Information, more than 17,600 individuals were admitted into hospitals for sports injuries, from 2016 to 2017. Although such injuries are less prevalent compared to falls, they can be very severe and critical. Thus, the factors mentioned above are predicted to propel the region's market growth, over the forecast years.

COMPETITIVE INSIGHTS
Key companies operating in the market are, Bard Peripheral Vascular Inc (CR Bard), Allergan PLC (Lifecell Corporation), Athersys Inc, Coston Scientific Corporation, Medtronic PLC, etc.

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North America Soft Tissue Repair Market Forecast 2019-2028
Published By :Inkwood Research
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