Suture Anchor Market Size to Grow by $ 175.49 mn through 2021-2025
The suture anchor market is expected to grow by $ 175.49 mn, accelerating at a CAGR of almost 6% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
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Suture Anchor Market: Segmentation by Type
This report provides a detailed analysis of the market by Type (Knotted and Knotless), Material (Biocomposite, PEEK, Metallic, Bioabsorbable, and Others), and Geography (North America, Europe, Asia, and ROW). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
Suture Anchor Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Arthrex Inc., CONMED Corp., Johnson & Johnson, MedShape Inc., Orthopaedic Implant Co., Orthomed, Smith & Nephew plc, Stryker Corp., TEKNIMED, and Zimmer Biomet Holdings Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
Technavio has been monitoring the Global Suture Anchor Market and it is expected to grow by $ 175.49 million and accelerate at a CAGR of almost 6% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report
Suture Anchor Market: Rise in sports injuries and technological advancements in suture anchors will drive growth
One of the primary factors that will trigger the growth of the Suture Anchor Market size is the increasing sports injuries because of the rise in sports participation. 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. 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.
Suture Anchor Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Arthrex Inc., CONMED Corp., Johnson & Johnson, MedShape Inc., Orthopaedic Implant Co., Orthomed, Smith & Nephew plc, Stryker Corp., TEKNIMED, and Zimmer Biomet Holdings Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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