Tendon Repair Market: By Product Type (Screws, Grafts, Implants, Suture Anchor Devices, Tendons Repair Matrix, Scaffolds, and Others), By Application (Rotator Cuff Repair, Cruciate Ligament Repair, Biceps Tenodesis, Achilles Tendinosis Repair, and Others), and Geography

Tendon Repair Market size was estimated at USD 2.3 billion in 2023 and is poised to grow at a CAGR of 8.5% from 2024 to 2030. The tendon repair market refers to the sector within the medical industry that deals specifically with products and procedures related to repairing damaged tendons in the human body. Tendons are tough bands of fibrous tissue that connect muscles to bones, and injuries to tendons can occur due to trauma, overuse, or degenerative conditions. The tendon repair market is propelled by a growing elderly population with tendonitis, rising awareness of physical fitness, expanding interest in gym and bodybuilding, increasing sports injuries, and more road accidents. Moreover, increased research and development investments promise significant growth opportunities in the market.

Furthermore, the healthcare business in developing nations is predicted to have good tendon repair market opportunity as a result of various reasons, including increased investment in both the public and private sectors, a rise in tendon injuries such as sprains, strains, tendinitis, contusions, rise in incidences wrist injuries, the surge in several obesity cases, and population expansion. Furthermore, an increase in healthcare spending is expected to promote the expansion of the healthcare business, which, in turn, is expected to fuel product demand. However, substantial investments are directed towards advancing tendon repair techniques, devices, and tools. Employing state-of-the-art technologies enhances procedural efficiency but also escalates costs, compounded by the intricate nature of tendon repair procedures. These expenses pose a challenge to market expansion.

Tendon Repair Market Key Developments:

• In March 2023, Smith & Nephew launched the UltraTRAD QUAD ACL Reconstruction Technique, comprising with Quadriceps Tendon Harvest Guide System, which directly provides ease for tendon visualization during surgical procedures.
• In December 2022, Stryker introduced a disposable suture anchor system named Citrefix’ which was primarily made up of bioresorbable elastomeric material- Citregen, further the system is used in tendon fixation and ankle fixation.
• On 06 October 2022, the Journal of Orthopaedic Research was published stating, that Cedars-Sinai scientists showed that specialized engineered stem cells called induced pluripotent stem cell-derived mesenchymal stromal cells (iMSCs) can regenerate and repair the tendon more effectively than other types of cells.