Suture anchors are designed to enable soft tissue to bone healing in various orthopedic applications, including joint replacement and rotator cuff surgeries, where inadequate soft tissue accumulation on the bone makes direct soft tissue repair difficult. Rotator cuff repairs are one of the most common knee injuries. Tissue anchors allow the tissue reattachment to bone in most body parts.
MARKET SCOPE
The "Global Soft Tissue Suture Anchors Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the soft tissue suture anchors market with detailed market segmentation by tying type, anchoring system, material type, application, and geography. The report provides key statistics on the market status of the leading soft tissue suture anchors market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on tying type, the global soft tissue suture anchors market is segmented into knotted and knotless.
- Based on anchoring system, the market is segmented into barbed anchor, screw fit anchor and others.
- On the basis of material type, the market is bifurcated into metallic suture anchors, PEEK suture anchors, bio-composite suture anchors and others.
- On the basis of application, the market is bifurcated into hospitals, clinics, emergency medical services and others.
MARKET DYNAMICS
Drivers:
- Increase in the number of sports injuries.
- Technological advancement in suture anchors.
- Increase in the use of suture anchors for reattaching tissue.
Restraints:
- Lack of awareness about soft tissue injuries.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The soft tissue suture anchors market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the soft tissue suture anchors market in these regions.
IMPACT OF COVID-19ON SOFT TISSUE SUTURE ANCHORS MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The pandemic has affected the economies and industries of various countries and, in turn, influenced the global soft tissue suture anchors market. Lockdowns, business shutdowns, restricted supply chain, and travel bans caused a slump in business and consumer spending. Moreover, there was a decline in elective orthopedic procedures to prevent virus transmission. The restrictions hampered the market growth as caused factories to shut down, which affected the global supply chains. Therefore, the growth of the market was impacted during the pandemic. However, with the removal of restrictions, the market demand may witness growth in the future.
MARKET PLAYERS
The report covers key developments in the soft tissue suture anchors market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from soft tissue suture anchors market are anticipated to have lucrative growth opportunities in the future with the rising demand for soft tissue suture anchors in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the soft tissue suture anchors market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Zimmer Biomet Holdings Inc.
- CONMED Corp.
- Medtronic
- DePuy Synthes
- Stryker Corp.
- Orthomed
- Smith & Nephew Plc
- Arthrex, Inc.
- Wright Medical Group NV
- Teknimed SA