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Asia-Pacific Soft Tissue Repair Market Forecast 2021-2028

KEY FINDINGS

The Asia-Pacific soft tissue repair market is set to register a CAGR of 6.73% over the forecasted years of 2021 to 2028. The regional market's growth is primarily accredited to the rising medical expenditure across developing economies, the high incidence rate of unintentional trauma injuries, as well as the improvements in healthcare infrastructure.

MARKET INSIGHTS

The Asia-Pacific soft tissue repair market growth evaluation includes the assessment of India, Japan, South Korea, Australia & New Zealand, Vietnam, China, Thailand, Indonesia, and the rest of the Asia-Pacific. Improvements in healthcare infrastructure, as well as medical expenditures across emerging markets such as India in order to fulfill unmet healthcare needs, are anticipated to bolster the demand for soft tissue repair products. Moreover, according to the Indian Head Injury Foundation, the nation has one of the highest rates of head injuries globally, thus increasing the prevalence of unintentional trauma.

On the other hand, the increasing concerns associated with the early diagnosis and prevention of congenital heart disease in Thailand have resulted in a significant rise in numerous treatment options, including soft tissue patches' implantation. Furthermore, the growing demand for advanced vascular patches for surgical interventions, combined with elevated patient spending power, is set to present the country's market with lucrative opportunities. Hence, these factors are expected to propel the Asia-Pacific soft tissue repair market growth during the forecasted period.

COMPETITIVE INSIGHTS

Major players operating in the market are Medtronic, Becton, Dickinson and Company (BD), Smith & Nephew PLC, Johnson & Johnson, etc.

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Asia-Pacific Soft Tissue Repair Market Forecast 2021-2028
Published By :Inkwood Research
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