Soft tissue allografts market is estimated to garner a revenue of ~USD 7 Billion by the end of 2031 by growing at a CAGR of ~7% By 2031

NEW YORK, UNITED STATE, December 22, 2022 /EINPresswire.com/ -- Global Soft Tissue Allografts Market Key Insights

During the forecast period of 2022-2031, the global soft tissue allografts market is expected to reach an estimated value of ~USD 7 billion by 2031, by expanding at a CAGR of ~7%. The market further generated a revenue of ~USD 4 billion in the year 2021. Major key factors propelling the growth of soft tissue allografts market worldwide are the rise in injuries during sports and growing use of product in clinical treatments.

Market Definition of Soft Tissue Allografts

An allograft is a tissue transplanted from one individual to another through surgery. It is used as a replacement for damaged ligaments, torn meniscuses, osteochondral defects, and spinal surgeries. Soft tissue allografts are used to repair injuries to the anterior cruciate ligament (ACL). Allografts have become increasingly popular as a means to reconstruct soft tissues while restoring function and preventing further injury. In general, allografts are associated with fewer complications and shorter surgical times when applied for reconstructive soft tissue. In addition to mechanical and biological functions, soft tissue allografts affect the clinical outcome in a complex way. Mechanically, allografts provide a framework that can be integrated into a host, and biologically, they act as scaffolds for the ingrowth and remodeling of host tissues following graft implantation.

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Global Soft Tissue Allografts Market: Growth Drivers

The growth of the global soft tissue allografts market can majorly be attributed to an increase in osteoarthritis prevalence worldwide. The risk of osteoarthritis is higher in older people. As cartilage breaks down, friction in joints is reduced, causing primary osteoarthritis. It is observed that in the world, osteoarthritis affects between 3 and 6% of people. More than 44 million Americans are affected byosteoarthritis condition, which causes moderate to severe impairment. Moreover, growing initiatives by key market players for the development and providing medical products for army forces are expected to drive market growth over the forecast period. For instance, In April 2019, dental implants and wound care products were provided by RTI Surgical, Inc. and Zimmer Biomet as part of an initiative supporting veterans of the United States Armed Forces (USAF).

The global soft tissue allografts market is also estimated to grow majorly on account of the following:

Rise in the incidence of sports injuries
Increasing number of trauma cases
Growing number of people with musculoskeletal diseases
Upsurge in personal disposable income
Huge medicare spending
Global Soft Tissue Allografts Market: Restraining Factor

Higher Expenses associated with treatment and insufficient skilled personnel is restricting the use of product in dentistry treatments. Hence this factor is expected to be the major hindrance for the growth of the global soft tissue allografts market during the forecast period.

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Global Soft Tissue Allografts Market Segmentation

By Application(Orthopedic, Dentistry, Wound Care, and Others)
The dentistry segment, amongst all the other segments, is anticipated to garner the largest revenue by the end of 2033. The growth of the segment can be attributed to the substantial increase in tooth loss among the aging population, as well as tooth-related issues, such as replacing missing teeth in people who require an appropriate treatment. It was observed that in the United States alone, approximately 4 million people had dental implants until 2019, and the number is projected to grow by 520,000 each year.

By Type(Cartilage Allograft, Tendon Allograft, Meniscus Allograft, Dental Allograft, Collagen Allograft, and Amniotic Allograft)
By End User(Hospitals, Orthopedic Clinics, Aesthetic Centers, Dental Clinics, and Others)
By Region
The North American soft tissue allografts market is anticipated to hold the largest market share by the end of 2031 among the market in all the other regions on the account of the high prevalence of diabetic foot ulcers, an increase in anterior cruciate ligament (ACL) surgery, and a rise in healthcare spending in the region. Healthcare spending in the United States is projected to rise 5.1% between 2021 and 2030, to reach nearly USD 6.8 trillion by 2030, according to data from the Centers for Medicare & Medicaid Services. Moreover, the availability of favorable reimbursement policies and the presence of major market key companies in the region are expected to drive market growth in North America over the forecast period.

The market research report on global soft tissue allografts also includes the market size, market revenue, Y-o-Y growth, and key player analysis applicable for the market in North America (U.S., and Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), and Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).

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Key Market Players Featured in the Global Soft Tissue Allografts Market

Some of the key players of the global soft tissue allografts market are Stryker Corporation, ALON SOURCE GROUP, CONMED Corporation, LifeSciencesCorporation, Organogenesis Inc., RTI Surgical, Inc., MIMEDX, Inc., Xtant Medical Holdings, Inc., Globus Medical, Inc, Bone Bank Allografts, and others.

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