The global suture anchors market size is poised to reach USD 202.09 million by 2023, according to a new report by Technavio, progressing at a CAGR of 6% during the forecast period.
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Technavio has announced its latest market research report titled global suture anchors market 2019-2023. (Graphic: Business Wire)
Read the 146-page research report with TOC on “Suture Anchor Market Analysis Report by type (knotted suture anchors and knotless suture anchors), material (biocomposite suture anchors, PEEK suture anchors, metallic suture anchors, bioabsorbable suture anchors, and others), and geography (Asia, Europe, North America, and ROW) 2019 – 2023” Request Free Sample Pages
The market is driven by the increase in sports participation which leads to an increase in sports-related injuries. In addition, the increase in orthopedic surgeries due to a rise in the aging population is anticipated to further boost the suture anchors market during the forecast period.
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 different kinds of sports. However, with the rise in participation, there is a proportional increase in the number of sports-related injuries through contact or non-contact sports. As a result, suture anchors are being widely used to treat various sports injuries as they facilitate a quick return to play. Suture anchors offer greater reliability and ideal long-term clinical outcomes. Furthermore, in sports medicine, biodegradable suture anchors are increasingly being used for various orthopedic procedures. Therefore, the increasing sports injuries provide an opportunity for suture anchors to be used for effective and efficient repair of injuries, thus leading to the growth of the market.
With increasing age, people become more prone to injuries, especially orthopedic injuries. Among orthopedic surgeries, hip and knee replacements are the most commonly performed joint replacement surgeries in the world. Therefore, with the expected increase in orthopedic surgeries owing to the aging population, there will be a high demand for suture anchors to fix the ligaments and tendons of the bone. This will further drive the growth of the global suture anchors market.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- CONMED Corp.
- Johnson & Johnson Services Inc.
- Smith & Nephew Plc
- Stryker Corp.
- Wright Medical Group NV
- Zimmer Biomet Holdings Inc.
Market Segmentation by Category and Product Types:
The Suture Anchors Market can be broadly categorized into the following materials:
- Biocomposite suture anchors
- PEEK suture anchors
- Metallic suture anchors
- Bioabsorbable suture anchors
Key Regions for the Suture Anchors Market:
Featuring a breakdown of region wise market shares until 2019.
- North America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
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