Key Highlights
• Suture anchors are used to attach tissue to bone when there is insufficient tissue between bones to create a direct tissue-to-tissue connection. Connective tissue connects tissue to bone in many parts of the body. Depending on the type of tissue present, these anchors are subjected to various stresses in different ways. There are many anchor options available, so it is important for the surgeon to understand the unique properties and biomechanics of each anchor, as this can affect the outcome used. Increasing hospitalizations of chronic and critically ill patients have increased the demand for surgery worldwide. This should increase the demand for the use and use of surgical procedures based on various orthopaedic, gastroenterology, ophthalmic conditions, and many areas of the body require surgical suturing during surgery.
• The market size of the worldwide Suture Anchors Industry surpassed USD XX billion in 2022, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.
• In May 2022, Paragon 28, Inc. has launched of the Grappler Suture Anchorage System, which expands its tissue product portfolio. The Claw Suture Anchor System provides clinicians with an alternative healing method designed to limit plantar displacement and tissue rework and tension loss during foot and ankle healing.
• The reasons for the growth of the thread anchor market include an increasing aging population, an increase in sports-related injuries such as sprains, strains, tendinitis, contusions, an increase in the incidence of tendon and wrist injuries, and an increased interest in other sports and physical activity. For example, according to an article in John Hopkins Medicine, 30 million people play sports, which causes more than 3.5 million sports-related injuries and illnesses each year in the United States alone.
• Also, increasing the number of products launched by different people is important to ensure the growth of the market. For example, in September 2020, international medical company Smith and Nephew announced the launch of the HEALICOIL knotless suture anchor, expanding its range of innovative solutions for rotator cuff repair. In addition, the pipeline and high market potential in underdeveloped markets should be a good anchor point for the market during the forecast period. In addition, the spread of medical tourism in the construction sector, the increase in consumer awareness about skin rejuvenation and cosmetic procedures contribute to the growth of the sector. In addition, the increase in licensed medical facilities is driving the growth of the suture anchors market. In addition, injuries cause soft tissue injuries, especially traffic accidents cause an increase in orthopedic procedures, which causes the suture anchors market to grow in the forecast period.
Scope of the Industry Profile
Key Players
• Smith & Nephew plc. (UK)
• Zimmer Biomet Holdings, Inc. (US)
• ConMed Corporation (US)
• Arthrex, Inc. (US)
• Johnson and Johnson (DePuy Synthes, Inc.) (US)
• Medtronic plc (Ireland)
• Stryker Corporation (US)
• Parcus Medical, LLC. (US)
• Wright Medical Group N.V. (US)
• Teknimed SA (France)
• MedShape, Inc. (US)
Segmentation
By Material
• Metallic Suture Anchor
• Bio-absorbable Suture Anchor
• PEEK Suture Anchor
• Bio-composite Suture Anchor
• Other Materials
By End User
• Hospitals
• Emergency Medical Services
• Clinics
• Ambulatory Surgical Centers
By Type
• Absorbable
• Non-absorbable
By Tying Type
• Knotted
• Knotless
What to Expect from Industry Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Suture Anchors market in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Suture Anchors market.
3. Leading company profiles reveal details of key Suture Anchors market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Suture Anchors market with forecast for decade by both market share (%) & revenue (USD Million).
Recent Development
• In September 2020, the international medical company Smith and Nephew announced the launch of the HEALICOIL knotless suture anchor, which expands the range of advanced treatments for the treatment of vertigo. Products include the new REGENETEN bio sensing plant concept and the new REGENESORB product.
• In May 2022, Paragon 28, Inc. has launched of the Grappler Suture Anchorage System, which expands its tissue product portfolio. The Claw Suture Anchor System provides clinicians with an alternative healing method designed to limit plantar displacement and tissue rework and tension loss during foot and ankle healing.
• In August 2022, OSSIO, Inc., a rapidly evolving medical technology company, announced the launch and first commercial use of the OSSIO Fiber Suture Anchor in the United States, expanding the company's patient access to the development of bio integrated plant products for the feet. Integration of joints. The product can perform shoulder, knee, hand/wrist and elbow surgery.
• In December 2020, Zimmer Biomet acquired A&E Healthcare and its complete portfolio of sternal closure devices, including sternal sutures, cable systems and rigid fixation devices, as well as disposable additional pacing wires and surgical punch products.
• In June 2022, ConMed acquired In2Bone, a global developer, manufacturer and distributor of orthopedic medical equipment. Research Report Commet's Product Sales, Sales and Leadership Team.
Segment Insights
By Type
Absorbable sutures will dominate the global market in 2022 and are expected to remain so throughout the forecast period because absorbable sutures are widely used in many procedures because they are biodegradable and do not need to be removed. In addition, absorbable sutures are reliable, consistent and secure for tissue attachment to bones in and around the shoulder in addition to segmental growth.
By Tying Type
The segment has global sewing anchors market share in 2022 and this trend is expected to continue throughout the forecast period. This is because knotless suture anchors help provide variety and reduce the time required to perform surgical procedures. Therefore, this factor should drive the development of the knotless segment.
Regional Insights
North America is one of the largest contributors to the studied market due to the increase in musculoskeletal diseases in the region and the increasing prevalence of sports injuries, bariatric surgery and chronic diseases. Additionally, a 2021 Ohio State University article titled "Arm Injury Statistics" states that 6 million people in the United States break a bone each year. Osteoporosis is the most common fracture in people over the age of 75. Fractures account for 16% of all musculoskeletal injuries in the United States each year. More than 40% of fractures occur at home. Musculoskeletal issues in the geriatric population are another reason for the growth of the suture fixation market, which is driving the demand for suture fixation devices that should drive business growth in this field. In addition, according to data updated by the US Centers for Disease Control and Prevention (CDC) in March 2022, the number of emergency centers in the United States will be 130 million in 2021, and the number of trauma visits will be such a high number of emergency room visits, combined with an increase in the number of injuries, should lead to increased use of anchoring devices for medical care in the United States and the United States, thereby driving the growth of job training.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 SUTURE ANCHORS MARKET OVERVIEW, BY
MATERIAL
6.1 Global Market Revenue & Share Analysis, By Material
6.1.1 Metallic Suture Anchor
6.1.2 Bio-absorbable Suture Anchor
6.1.3 PEEK Suture Anchor
6.1.4 Bio-composite Suture Anchor
6.1.5 Other Materials
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 SUTURE ANCHORS MARKET OVERVIEW, BY
END USER
7.1 Global Market Revenue & Share Analysis, By End User
7.1.1 Hospitals
7.1.2 Emergency Medical Services
7.1.3 Clinics
7.1.4 Ambulatory Surgical Centers
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 SUTURE ANCHORS MARKET OVERVIEW, BY
TYPE
8.1 Global Market Revenue & Share Analysis, By Type
8.1.1 Absorbable
8.1.2 Non-absorbable
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
8.4 Key Takeaways
9 SUTURE ANCHORS
MARKET OVERVIEW, BY TYING TYPE
9.1 Global Market Revenue & Share Analysis, By Tying Type
9.1.1 Knotted
9.1.2 Knotless
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4 Key Takeaways
10 SUTURE ANCHORS MARKET OVERVIEW, BY
REGION
10.1 Global Market Revenue & Share Analysis, By Region
10.1.1 North America
10.1.2 Europe
10.1.3 Asia Pacific
10.1.4 Middle East & Africa
10.1.5 South America
10.2 Global Market Revenue & Share Analysis, 2018 – 2022
10.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
10.4 Key Takeaways
11 NORTH AMERICA MARKET
ANALYSIS
11.1 North America Market Revenue & Share Analysis, By Material
11.2 North America Market Revenue & Share Analysis, By End User
11.3 North America Market Revenue & Share Analysis, By Type
11.4 North America Market Revenue & Share Analysis, By Tying
Type
11.5 North America Market Revenue & Share Analysis, By Country
11.5.1 US
11.5.2 Canada
11.5.3 Mexico
11.6 Key Takeaways
12 EUROPE MARKET ANALYSIS
12.1 Europe Market Revenue & Share Analysis, By Material
12.2 Europe Market Revenue & Share Analysis, By End User
12.3 Europe Market Revenue & Share Analysis, By Type
12.4 Europe Market Revenue & Share Analysis, By Tying Type
12.5 Europe Market Revenue & Share Analysis, By Country
12.5.1 UK
12.5.2 Italy
12.5.3 Spain
12.5.4 Germany
12.5.5 France
12.5.6 Rest of Europe
12.6 Key Takeaways
13 ASIA PACIFIC MARKET ANALYSIS
13.1 APAC Market Revenue & Share Analysis, By Material
13.2 APAC Market Revenue & Share Analysis, By End User
13.3 APAC Market Revenue & Share Analysis, By Type
13.4 APAC Market Revenue & Share Analysis, By Tying Type
13.5 APAC Market Revenue & Share Analysis, By Country
13.5.1 China
13.5.2 Japan
13.5.3 India
13.5.4 South Korea
13.5.5 Rest of APAC
13.6 Key Takeaways
14 MIDDLE EAST & AFRICA MARKET
ANALYSIS
14.1 MEA Market Revenue & Share Analysis, By Material
14.2 MEA Market Revenue & Share Analysis, By End User
14.3 MEA Market Revenue & Share Analysis, By Type
14.4 MEA Market Revenue & Share Analysis, By Tying Type
14.5 MEA Market Revenue & Share Analysis, By Country
14.5.1 GCC
14.5.2 South Africa
14.5.3 Rest of MEA
14.6 Key Takeaways
15 SOUTH AMERICA MARKET ANALYSIS
15.1 SA Market Revenue & Share Analysis, By Material
15.2 SA Market Revenue & Share Analysis, By End User
15.3 SA Market Revenue & Share Analysis, By Type
15.4 SA Market Revenue & Share Analysis, By Tying Type
15.5 SA Market Revenue & Share Analysis, By Country
15.5.1 Brazil
15.5.2 Argentina
15.5.3 Rest of SA
15.6 Key Takeaways
16 COMPETITIVE SCENARIO
16.1 Overview
16.2 Key Players Market Share Analysis
16.3 Recent Developments & Product Launches
16.4 Mergers & Acquisitions
16.5 Partnerships, Agreements & Collaborations
17 COMPANY PROFILES
17.1 Overview
17.2 Key players
17.2.1 Smith & Nephew plc. (UK)
17.2.1.1 Business Overview
17.2.1.2 Product Offered
17.2.1.3 Financial Insights
17.2.1.4 Strategic Developments
17.2.1.4.1 New Product Launches
17.2.1.4.2 Agreements & Collaborations
17.2.1.5 Business Aspects (NOISE Analysis)
17.2.1.5.1 Key Strengths
17.2.1.5.2 Opportunities
17.2.1.5.3 Weaknesses & Competitive Threats
17.2.1.5.4 Needs & Improvements
17.2.2 Zimmer Biomet Holdings, Inc. (US)
17.2.3 ConMed Corporation (US)
17.2.4 Arthrex, Inc. (US)
17.2.5 Johnson and Johnson (DePuy Synthes, Inc.)
(US)
17.2.6 Medtronic plc (Ireland)
17.2.7 Stryker Corporation (US)
17.2.8 Parcus Medical, LLC. (US)
17.2.9 Wright Medical Group N.V. (US)
17.2.10 Teknimed SA (France)
17.2.11 MedShape, Inc. (US)
18 DISCLAIMER
19 APPENDIX
