Soft Tissue Repair Market Growth is Propelled by Rising Sports and Road Accidents
Key players operating in the soft tissue repair market are Accelrys, Certara, L.P., Chemical Computing Group Inc., Compugen, Ltd., Entelos, Inc. (Rosa & Co. LLC), Genedata AG, Insilico Biotechnology AG, Leadscope, Inc., Nimbus Discovery LLC, Rhenovia Pharma SAS, Schrodinger, and Simulation Plus, Inc. These players are focusing on developing advanced soft tissue repair products and solutions through extensive R&D activities. For instance, in 2021, Certara launched a new simulation software platform, Phoenix Simulator, to accelerate drug development for soft tissue diseases.
The growing incidence of sports injuries and road accidents globally is anticipated to propel the demand for Soft Tissue Repair Market Size solutions in the coming years. As per estimates, around 30 million sports injuries occur annually in the United States alone. Road accidents also remain a major concern worldwide. This rising trauma burden is expected to significantly drive market revenues.
Major market players are focusing on expanding their presence across developing regions to tap the potential offered by the rising medical infrastructure and healthcare expenditure. The emerging economies of Asia Pacific and Latin America provide lucrative opportunities for soft tissue repair companies owing to the large untapped patient population base and rising disposable incomes in these regions.
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