Global Suture Anchors Market:
About this market
Suture anchors are fixation devices that are surgically implanted into the bone for soft tissue repairing. Technavio’s suture anchors market analysis considers sales from both knotted suture anchors and knotless suture anchors. Our analysis also considers the sales of suture anchors in Asia, Europe, North America, and ROW. In 2018, the knotted suture segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as regaining strength in the areas of implantation and wound healing will help the knotted suture segment to maintain its market position. Also, our global suture anchors market report looks at factors such as new product launches, an increase in orthopedic surgeries due to rise in aging population, and increasing sports participation leading to increasing sports injuries. However, high cost of orthopedic surgery, product recall, and complex regulatory framework may hamper the growth of the suture anchors industry over the forecast period.
Global Suture Anchors Market: Overview
Increasing sports participation leading to increasing sports injuries
The number of children and youth participating in sports is increasing globally. This is due to the increase in awareness about the physical and mental benefits of various kinds of sports. However, with rising participation, there is an increasing number of sports-related injuries through contact or non-contact mechanisms. The injuries involve ligaments, muscles, or bones and stress fractures. A significant rise in the incidence of injuries related to sports leads to increasing demand for sutures for performing surgeries. This treatment facilitates quick return to play along with greater reliability leading to the expansion of the global suture anchors market at a CAGR of 6% during the forecast period.
Advancements and researches in medical devices, such as suture anchors, lead to more efficient and improved clinical outcomes, resulting in faster and better recovery of patients after the orthopedic surgery or procedure. Their innovative, all-suture based system comes with a tie-able tape suture option, needles option, and self-punching option that allow less bone removal, without compromising on the pullout strength. Such technological advances introduce additional advanced features in suture anchors to obtain beneficial clinical outcomes which are expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global suture anchors market during the forecast period 2019-2023, click here.
With the presence of several major players, the global suture anchors market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading suture anchors manufacturers, that include CONMED Corp., Johnson & Johnson Services Inc., Smith & Nephew Plc., Stryker Corp., Wright Medical Group NV, Zimmer Biomet Holdings Inc.
Also, the suture anchors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
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