Suture Anchors are very useful fixation devices that are used to fix tendons and ligaments to bone. Suture anchors are small and are available in several designs. These anchors are available in number of configurations depending upon its use, architecture and function. They are made up of materials such as titanium, coated titanium, stainless steel and others. The Anchor ? which is inserted into the bone. This may be a screw mechanism or an interference fit.
MARKET SCOPE
The "Global 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 Suture Anchors market with detailed market segmentation by type, material, end user and geography. The report provides key statistics on the market status of the leading Suture Anchors market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on type, the global Suture Anchors market is segmented into Knotted Suture Anchors, Knotless Suture Anchors.
? Based on Material, the global Suture Anchors market is segmented into Bio-absorbable Suture Anchor, Bio-composite Suture Anchor, PEEK Suture Anchor, Metallic Suture Anchor and other.
? Based on End Users, the global Suture Anchors market is segmented into Emergency Medical Services, Hospitals & Clinics and Ambulatory Surgical Centers.
MARKET DYNAMICS
Drivers
? Increasing prevalence and
? Incidence of orthopedic injuries
? Increased demand for bio-composite suture anchors
Restraints
? Side-Effect of Sutures
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 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 marketduring 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 Suture Anchors market in these regions.
IMPACT OF COVID-19 ON 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, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. However, the demand for Suture Anchors has decreased due to rising in COVID instances. According to the research led by Codice Viola, charity that supports pancreatic cancer patients found that more than 500 breast or pancreatic patients appointments for chemotherapy or radiotherapy were postponed. Additionally, 64% of surgical procedures were postponed and more than half have had follow-up appointments rescheduled.
Additionally, In UK, the practice of oncological surgery has been changed. Increasing COVID-19 has impacted the diagnosis and treatment of cancer due to the diversification of the medical work force and decision to focus on treating the critically ill. Due to the current pandemic, many cancer research organizations which are dealing with radiofrequency ablation devices treatment are not taking appointments to avoid anxiety associated with same. Due to new clinical practice are prioritizing their patients and making difficult choices by offering less treatment. Similarly, In the Netherlands, the healthcare system is under stress due to the rising number of COVID-19 patients. Family healthcare services providers are treating COVIF-19 patient who has disrupted normal patient care.
MARKET PLAYERS
The report covers key developments in the 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Suture Anchors market are anticipated to lucrative growth opportunities in the future with the rising demand for 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 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.
1. Stryker
2. Arthrex, Inc.
3. Teknimed
4. Anstem Medical
5. HNM MEDICAL
6. Tulpar Medical Solutions
7. Parcus Medical, LLC.
8. Smith & Nephew
9. MedShape, Inc.
10. DePuy Synthes
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.