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Global soft tissue allografts market was expected to grow at 6.5% CAGR

Global soft tissue allografts market was valued at USD XX Mn in 2017 and expected to grow at 6.5% Compound Annual Growth Rate (CAGR) over 2018 to 2024
Global soft tissue allografts market
Global soft tissue allografts market
PR-Inside.com: 2018-05-16 15:47:50
Global soft tissue allografts market was valued at USD XX Mn in 2017 and expected to grow at 6.5% Compound Annual Growth Rate (CAGR) over 2018 to 2024

Market Outline: Soft Tissue Allografts Market

Soft tissue allografts are the medical devices that act as an important substitute for the reconstruction of deficient ligaments, osteochondral defects that occur during knee surgery and torn menisci. The soft tissue allografts help obtaining a stable knee post-surgery. The reconstruction of the soft tissues using allografts reduces the surgical time and less donor tissue site morbidity.


Market Dynamics: Soft Tissue Allografts Market

Increase in the prevalence of degenerative joint diseases and chronic disorders such as diabetes are the key factor attributed for the growth of the soft tissue allografts market. The technological advancements and improving healthcare infrastructure are boosting the growth of the market. The mergers and acquisitions will help market vendors to tap ever growing market opportunities in the market. However, the high cost involved in the treatment procedure is hindering the growth of the soft tissue allografts market. The stringent government regulations are likely to hinder the growth of the market.

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Market Scope: Soft Tissue Allografts Market

Soft tissue allografts market is segmented based on the Soft tissue allografts type, application, and end user

Based on the Soft tissue allografts type, the market is segmented into the following:

• Cartilage Allografts

o Elastic Cartilage

o Fibrocartilage

o Hyaline Cartilage

• Dental Allografts

o Connective Tissue Graft

o Pedicle Graft

o Free Gingival Graft

• Tendon Allografts

o Tibialis

o Achilles Tendon

o Patellar Tendon

• Amniotic Allograft

• Collagen Allograft

• Meniscus Allografts

Based on the application, the market is segmented into the following:

• Wound Care

• Dentistry

• Orthopedic

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Regional Analysis: Soft Tissue Allografts Market

Geographically, global soft tissue allografts market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America soft tissue allografts market growth driven by increase in the prevalence of diabetic foot ulcers. The deep-rooted healthcare infrastructure is enhancing the growth of the market in this region. The technological advancements, higher adoption of the modern treatment options, and growing awareness among the patient pool is also adding fuel for the growth of the market in North America region. The Europe and Asia Pacific are falling next to that of North American region. The Asia Pacific is expected to show significant growth over the forecasted period owing to developing healthcare sector in the emerging countries such as India, China and ASEAN countries.

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Competition Assessment: Soft Tissue Allografts Market

Some of the players in the global soft tissue allografts market include:

• Allergen, Plc. (Ireland)

• Alliqua BioMedical, Inc. (U.S)

• Arthrex, Inc. (U.S)

• C. R. Bard, Inc. (U.S)

• Lattice Biologics Ltd. (U.S)

• Zimmer Biomet (U.S)

• Straumann Holding AG (Switzerland)

• Alliqua BioMedical, Inc. (U.S)

• MiMedix Group (U.S)

Notable Market Developments: Soft Tissue Allografts Market

 In February 2017, Allergan plc has acquired LifeCell Corporation, a leading regenerative medicine company

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