Global Meniscal Fixation Devices Market

Overview

Meniscal fixation devices market is expected to grow at double digit growth

The global meniscal fixation devices report provides global market size, unit volumes & pricing forecast from 2019-2024; leading companies, and global market share analysis. The report covers the implications of COVID19 on elective sports medicine procedures, provides a conclusive forecast of a sooner than expected recovery and strong market growth backed by new technologies and investments made by leading orthopedic device companies such as Arthrex, Smith and Nephew, DePuy Mitek (J&J), Zimmer-Biomet, Stryker, Conmed and others. The report provides a glimpse of market insights, trends, growth, and challenges and highlights opportunities in the meniscal fixation devices market.

Meniscal fixation devices market buoyed by advances in arthroscopic meniscal fixation techniques

Meniscal fixation devices are increasingly being considered over meniscectomy to retain the functional ability and durability of the knee joint. Advanced arthroscopic meniscal repair technique complemented by innovative meniscal fixation devices have made the meniscal repair the first choice over meniscectomy. There are four categories of arthroscopic meniscal repair: inside out meniscal fixation, outside-in meniscal fixation, all-inside meniscal fixation, and hybrid meniscal fixation. The clinical success rate of meniscal tears is very encouraging with horizontal tears at 89%, radial tears at 95%, ramp lesions, and root tears at 99%. Meniscal fixation is expected to lower the financial burden by at least 33% when compared with meniscectomy.

Regulatory approval of innovative meniscal repair devices

The meniscal fixation devices covered in the report include cinches, darts, arrows, and meniscal repair systems with preloaded implants. Regulatory approval of innovative meniscal repair devices NOVOSTITCH PRO, JuggerStitch, SuperBall & FiberStitch is an indication of the intense level of innovation and investment in this segment.

Meniscal fixation devices poised to be a pocket of growth in the orthopedic devices market

The long-term success rates for meniscal repairs vary from 84% to 94%, advancement of meniscal repair techniques, availability of minimally invasive meniscal fixation devices, and investment in product development, physician training, marketing, and distribution of the devices are expected to make the meniscal fixation devices segment one of the high growth pockets in the sports medicine category.