Suture Anchor Market by Type, Material, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR70292
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The suture anchor market has the potential to grow by USD 175.49 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.62%.

This suture anchor market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The increasing sports participation leading to increasing sports injuries is notably driving the suture anchor market growth, although factors such as the high cost of orthopedic surgery may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the suture anchor market industry get your FREE report sample now.

This report provides extensive insights on segmentation by type (knotted and knotless), material (biocomposite, PEEK, metallic, bioabsorbable, and others), and geography (North America, Europe, Asia, and ROW). The suture anchor market report also offers information on several market vendors, including Arthrex Inc., CONMED Corp., Johnson & Johnson, MedShape Inc., Orthopaedic Implant Co., Orthomed, Smith & Nephew plc, Stryker Corp., TEKNIMED, and Zimmer Biomet Holdings Inc. among others.

What will the Suture Anchor Market Size be in 2021?

Suture-Anchor-Market-Market-Size-2020-2025

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Suture Anchor Market: Key Drivers and Trends

  • The increasing sports injuries because of the rise in sports participation will drive the growth of the suture anchors market. 
  • The growing awareness about the physical and mental benefits associated with different kinds of sports has resulted in the increasing number of youth and children participating in sports across the world. 
  • As a result, the number of sports-related injuries involving ligaments, muscles, or bones, has also increased.
  • Suture anchors are widely used to treat various types of sports injuries, including thumb ulnar collateral ligament (UCL) injuries and complete proximal rectus femoris avulsions with retracted tendons. 
  • The use of suture anchors for the treatment of sports injuries facilitates a quick return to play and provides greater reliability and ideal long-term clinical outcomes. 
  • Technological advances have been identified as critical suture anchor market trends that will influence the growth of the market. 
  • The market is witnessing several technological advancements and research that will result in efficient and enhanced clinical outcomes and faster and better recovery of patients after orthopedic surgeries. 
  • Y-Knot PRO RC offered by CONMED uses cleat-less suture release technology that provides a more efficient delivery system after anchor implantation, thereby eliminating the need for un-cleating sutures.
  • Such technological advances will aid the development of suture anchors with advanced features that provide beneficial clinical outcomes, consequently boosting the popularity of suture anchors.

This suture anchor market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on market drivers, trends, and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Suture Anchor Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Arthrex Inc.
  • CONMED Corp.
  • Johnson & Johnson
  • MedShape Inc.
  • Orthopaedic Implant Co.
  • Orthomed
  • Smith & Nephew plc
  • Stryker Corp.
  • TEKNIMED
  • Zimmer Biomet Holdings Inc.

 

The suture anchor market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the suture anchor market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Suture Anchor Market?

Suture-Anchor-Market-Market-Share-by-Region-2020-2025

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41% of the market’s growth will originate from North America during the forecast period. The US is one of the key markets for suture anchors in North America. However, market growth in this region will be slower than the growth of the market in Asia.

The increasing number of rotator cuff repairs, joint replacements, and other surgeries, and the presence of prominent vendors will facilitate the suture anchor market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Material Segments in the Suture Anchor Market?

Suture-Anchor-Market-Market-Share-by-Material-2020-2025

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The wide availability of biocomposite suture anchors is one of the significant factors driving the growth of the suture anchor market in the biocomposite segment. Hence, the growth of the market segment will exhibit a fast growth rate during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the suture anchor market size.

 

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What are the Key Factors Covered in this Suture Anchor Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive suture anchor market growth during the next five years
  • Precise estimation of the suture anchor market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the suture anchor industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of suture anchor market vendors

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Suture Anchor Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2021-2025

USD 175.49 million

Market structure

Fragmented

YoY growth (%)

2.59

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 41%

Key consumer countries

US, Germany, China, France, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Arthrex Inc., CONMED Corp., Johnson & Johnson, MedShape Inc., Orthopaedic Implant Co., Orthomed, Smith & Nephew plc, Stryker Corp., TEKNIMED, and Zimmer Biomet Holdings Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The suture anchor market growth will increase by $175.49 million during 2020-2025.
The suture anchor market is expected to grow at a CAGR of 5.62% during 2020-2025.
Technavio has segmented the suture anchor market by type (Knotted and Knotless) ,material (Biocomposite, PEEK, Metallic, Bioabsorbable, and Others) , and geographic (North America, Europe, Asia, and ROW).
Arthrex Inc., CONMED Corp., Johnson & Johnson, MedShape Inc., Orthopaedic Implant Co., Orthomed, Smith & Nephew plc, Stryker Corp., TEKNIMED, Zimmer Biomet Holdings Inc. are a few of the key vendors in the suture anchor market.
North America will register the highest growth rate of 40.71% among the other regions. Therefore, the suture anchor market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Germany
  • China
  • France
  • Japan
The key factors driving the suture anchor market growth are:
  • New product launches
  • Technological advances
The suture anchor market vendors should focus on grabbing business opportunities from the knotted segment as it accounted for the largest market share in the base year.
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