PUBLISHER: Allied Market Research | PRODUCT CODE: 1225067
PUBLISHER: Allied Market Research | PRODUCT CODE: 1225067
The global Suture anchors market accounted for $572.5 million in 2021, and is expected to reach $899.4 million by 2031, registering a CAGR of 4.6% from 2022 to 2031.
Suture anchors are widely used for securing soft tissue (such as tendons, ligaments, and menisci) to the bone and have become crucial tools in arthroscopic surgery and sports medicine. Suture anchors are evolving constantly to become safer and more effective. In addition, the invention of suture anchors has revolutionized orthopedic surgery as it enables quick and simple fixation of soft tissue (such as tendons and ligaments) to the bone in both open and arthroscopic surgery around the shoulder, elbow, wrist, and lower limb joints. The methods employed in shoulder surgery, specifically the open repair of the rotator cuff & labrum with screws, washers, transosseous sutures, & staples and the arthroscopic repair with suture anchors, have undergone a major modification.
The suture anchors market is expected to experience significant market growth during the forecast period owing to the increasing geriatric population suffering from orthopedic illness, advancement in the technology, s, boost in healthcare expenditure, and higher government support. In addition, surge in investment by players on R&D, presence of robust pipeline candidates, and rise in expenditure on the development of healthcare infrastructure further facilitate the growth of the market. However, strict and extended product approval processes are expected to impede the market growth. In contrast, upsurge in healthcare investments in public as well as private sectors are anticipated to provide significant growth opportunities for the suture anchors market.
The suture anchors market is segmented on the basis of product type, tying type, material, end user, and region. Depending on product type, the market is classified into absorbable and non-absorbable. On basis of tying type, the market is bifurcated into knotless and knotted. Depending on material, the market is segregated into bio-composite suture anchor, peek suture anchor/ biostable, and others. By end user, the market is classified into hospitals & clinics and ambulatory surgery centers.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The report provides a comprehensive analysis of the key players that operate in the global Suture anchors market. The key companies profiled in the report include Anika Therapeutics Inc, Arthrex, Inc. CONMED Corporation, Johnson and Johnson, Medtronic plc, Ossio Inc., Paragon 28, Inc, Smith & Nephew plc, Stryker Corporation, and Zimmer Biomet Holdings, Inc.
Key Benefits For Stakeholders
By Product Type
By Tying Type
By Material
By End User
By Region