The Global Soft Tissue Allograft Market size was valued at USD 3.6 Bn by 2020 and is expected to reach USD 5.5 Bn by 2027, with a growing CAGR of 6.4 % during the forecast period.
Market Definition
Soft tissue allograft is the surgical procedure that uses tissue from a donor or animal (tissue of another person) to treat ligament, dental or musculoskeletal problems. Soft tissue allograft offers greater graft availability, greater expansion of their use by surgeons, and reduces morbidity in joints reconstruction procedures. Factors such as aging, bone dislocate, trauma, bone breakage, poor tooth positioning, and periodontal diseases elevate the need for soft tissue allograft.
Market Dynamics
The driving factors for global soft tissue allograft market include rise in prevalence of dental diseases and orthopaedic problems such as bone breakage, bone dislocate, rising geriatric population and growing technological advances in allograft. Moreover, increasing consumption of alcohol and smoking, rising demand for tissue allograft procedures and growing awareness regarding soft tissue allograft fuels the growth of soft tissue allograft market.
Growing advances in medical procedures, rising demand for soft tissue allografts in athletic patients and increasing focus of pharmaceutical and biotechnological companies towards soft tissue replacement techniques leverage the growth of soft tissue allograft market. In addition to this, increasing use of allograft tissue in organized collection, sterilization procedures and increasing stability of allografts further boost the growth of soft tissue allograft market.
Growing insights regarding allograft utilization, management, sterilization and regulation uplifts the growth of soft tissue allograft market. However, the challenges such as need for biomechanical functionality and tissue sterility forbid the growth of soft tissue allograft market. High treatment cost and poor reimbursement policies restrain the growth of soft tissue allograft market.
Global Soft Tissue Allograft Market Segmentation:
By Type
By Application
By End User
By Region
Based on type, cartilage allograft accounted for the highest market share in 2020 owing to increase in number of geriatric patients associated with joint complications
Based on type, soft tissue allograft market is segmented into meniscus allograft, cartilage allograft, tendon allograft and dental allograft. Cartilage allograft segment held largest market share in 2020 due to increase in its applications in bone replacement. Moreover, increase in osteoarthritis diseases, growing rate of accidents and increasing wear & tear of cartilage tissue further boost the growth of soft tissue allograft market.
On the contrary, dental allograft segment is expected to witness fastest growth with highest CAGR owing to increase in dental diseases. Moreover, increase in geriatric population, rising oral cavities and growing cases of periodontal diseases further fuels the growth of dental allograft market.
Based on application, orthopaedic segment held the largest market share in 2020 due to growing bone disorders in the population
Based on applications, soft tissue allograft market is segmented into aesthetic centres, dental clinics, orthopaedic clinic, and hospitals. Orthopaedic segment accounted for highest market share in 2020 and expected to increase more during forecast period due to growing incidences in life, rising geriatric population, increasing life expectancy, and rising consumer perception towards minimal invasive clinical procedures boost the growth of soft tissue allograft market.
However, dental application of soft tissue allograft market is expected to witness fastest growth with highest CAGR due to increasing number of patients associated with dental treatments. Moreover, increasing oral cancer, teeth decay and ever-growing geriatric population trigger the growth of soft tissue allograft market.
Based on end user, hospital segment held largest market share in 2020 due to high number of patient admission and presence of complete patient care
Based on end user, soft tissue allograft market is segmented into aesthetic centres, dental clinics, orthopaedic clinic, and hospitals. Hospital accounted for the largest market share in 2020 due to presence of treatment reimbursement policies and availability of complete patient care in the hospital. Moreover, availability of trained healthcare professionals & surgeons in the hospital and other healthcare facilities fuels the growth soft tissue allograft market.
Based on geographical region, North America dominated the market in 2020 due to presence well-established healthcare infrastructure
Based on region, North America dominated the growth of market in 2020 and is expected to maintain same dominance during forecast period. This is due to availability of key market players and strong government support for research. Moreover, rising awareness regarding allografting procedures, growing oral health concern and growing number of dental visits in this region fuels the growth of soft tissue allograft market.
Company Profiles and Competitive Intelligence
The key players operating in the soft tissue allograft market are:
The report also provides in-depth analysis of soft tissue allograft market dynamics such as drivers, restraints, opportunities, and challenges
Drivers
Restraints
Opportunity
Challenges
COVID-19 Impact on the Soft Tissue Allograft Market Analysis
Covid-19 has highly affected the industries in terms of growth, economy, health, and mental wellbeing of every individual. In this challenging situation, every industry is trying to give best services in terms of quality and safety. Covid-19 has poorly impacted the growth of soft tissue allograft market. During covid-19, priority was given to the covid infected patients wherein surgeries related to the allograft was kept on hold.
There was decrease in availability of surgeons and healthcare professionals for the allografting procedures. This affected the growth of soft tissue allograft market across the globe. Moreover, there was decline in number of tissue donation or donors for allograft procedures due to high risk of infection transfer. This factor proven to be the major pitfall for the growth of soft tissue allograft market.
The report also provides an in-depth analysis of key trends in soft tissue allograft market
The report also provides an in-depth analysis of recent news developments and investments
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