Suture Anchors Market Size, Share, Growth, Trends, Forecast 2021-2030
The global suture anchors market value reached at US$ 0.5 Bn in 2020 and predicted to reach US$ 1 billion by 2030, expanding at a noteworthy CAGR of 5.1% from 2021 to 2030.
Suture anchors are designed to heal the soft tissue of the bone. Suture anchor fixation is one of the most important innovations in arthroscopic surgeries. The original suture anchor was reported to be developed over three decades ago. There is mention of suture anchors made from flax, hemp, and hair by Sushruta, the ancient Indian plastic surgeon.
Major Driver
Sports injuries are a major concern during sports or exercise. Sport injuries involve the musculoskeletal system, which includes muscles, tendons, ligaments, fascia, nerves, bones, and tissues.
Sports injuries are primarily caused due to falls, overexertion, and fracture. The most common sites of injury during sports and recreation activities are lower extremity, upper extremity, and head & neck.
A range of suture materials is available for medical purposes. The primary types are absorbable and non-absorbable. Development of classes of suture materials based on their properties and capabilities to improve tissue approximation and wound closure has increased in the past few years.
Current and emerging trends in the suture technology include knotless barbed sutures, antimicrobial sutures, bio-active sutures such as drug-eluting and stem cells seeded sutures, and smart sutures, including elastic and electronic sutures.
These newer options expand the versatility of sutures from being used as a physical entity approximating opposing tissues to a more biologically active component enabling delivery of drugs and cells to the desired site with significant application potential in both therapeutics and diagnostics.
Several Orthopedic Procedures Postponed Amid COVID-19 Crisis
With the ongoing spread of the COVID-19 pandemic, businesses across the world are increasingly flattening their recessionary curve by leveraging the technology. Many companies will experience response, recovery, and restoration phases. Building market resilience and allowing agility will aid businesses to move forward in their journey out of the coronavirus crisis toward the post-crisis times. The pandemic has been posing an immeasurable influence on the global economy, and, in turn, on the global suture anchors market. Furthermore, lockdown, quarantines, restricted supply chain, and social distancing activities on a broad large scale force an abrupt slump in business and consumer spending until the end of 2021.
Before the COVID-19 pandemic, the United States recorded around 500 thousand rotator cuff surgeries annually. However, the COVID-19 pandemic has had a two-fold consequence on orthopedic procedure volumes. Lockdowns and regulatory restrictions on sports events and outdoor exercises have decreased the frequency of sports-related injuries. The number of elective orthopedic procedures declined by COVID-19 restrictions, as many procedures were postponed to prevent the spread of the virus. While the decline in sports medicine associated procedures was notable in 2020, procedure volumes are projected to return to pre-COVID-19 levels post-crisis. Moreover, with the rapid progress in vaccine distribution and advancement in medical facilities, restrictions are expected to restore soon, and rise in the demand for the suture anchors market is predicted soon after the crisis ends.
Surgeons Worldwide Require Peculiar Suture Anchors for Different Procedures
Suture anchors are growing in demand for their different types and procedures for different tissues. Presently, there are many types of suture anchors available for surgeons to choose from depending on the situation. Most of the suture anchors are barbed, a screw, or a rivet type of bone fastener. Current suture anchors have had an advanced edge, which can be either injected into a pre-drilled hole or directly screwed into the bone. These bone anchors also have a fixed to or entirely mobile suture mount (suture eyelet) inside the anchor system itself. Barbed suture anchors have fins orientated longitudinally. They are elastically distorted on compression and plastically distorted on distraction, and thus, hold on to the bone well once inserted.
Screw fit anchors are similar to a standard screw, but instead of a head, there is an eyelet to adjust the suture strands. However, screw anchors have a higher load to failure value than non-screw designs. The biodegradable anchors have a lower load to failure compared with metal anchors. Under cyclic-loading circumstances, anchor fixation strength is reduced compared to single-pullout tests. The suture anchor interface is understood to be the weakest link. Mostly, the suture can wear at the opening and hence, the use of larger suture elements with larger anchors can provide a better strength before failure. Suture damage at the knot is the popular failure mode for biodegradable anchors injected into cortical bone.
The knotless tissue anchor has been upgraded to cater to the enhanced volume of arthroscopic procedures. Surgeons can find knot tying challenging, and knots are known to be the vulnerable point in tissue repairs. Although knotless anchors have a similar pullout force to knot-tying anchors, they have an increased gap formation if there is an instant loading. Nevertheless, each type of suture anchors is proving useful in different procedures in different circumstances. Thus, the global suture anchors market is expected to grow during the forecast period.
Prominent Regions
North America held a major share of the global suture anchors market in 2020. Presence of key players and growth strategies adopted by these players are the major factors driving the suture anchors market in the region. Europe accounted for the second largest share of the global suture anchors market in 2020. The growth of the market in the region can be attributed to a well-developed healthcare sector. The suture anchors market in Asia Pacific is likely to grow at a rapid pace during the forecast period. Technological developments in suture anchors are likely to propel the market in the region.
Key Players
Leading players operating in the global suture anchors market include Smith & Nephew plc, CONMED Corporation, Johnson and Johnson (DePuy Synthes), Zimmer Biomet Holdings, Inc., Arthrex, Inc., Stryker, Medtronic, Wright Medical Group N.V., Cook Group Incorporated, Aju Pharm Co., Ltd., ALEDA, BMT, Groupe Lépine, In2Bones, MedShape, Inc., Tulpar Medical Solutions and VIMS.
Market Segmentation
By Product Type
Suture Anchors Market, by Tying Type
By Anchoring System
By Material
By End User
By Region
Report Scope
The Suture anchors market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Suture anchors market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Suture anchors market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Suture anchors market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Suture anchors market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Suture anchors capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Suture anchors by regions (countries) and application.
In this study, the years considered to estimate the market size of Suture anchors are as follows:
Major Key Points Covered in Report:
Executive Summary: It includes key trends of the Suture anchors market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the Suture anchors market based on production and revenue.
Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Suture anchors market.
Market Segments: This part of the report discusses about product, application and other segments of the Suture anchors market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses about the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
The study objectives of this report are:
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Suture Anchor Market
4. Market Overview
4.1. Introduction
4.1.1. Type Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Suture Anchor Market Analysis and Forecast, 2017–2031
4.4.1. Market Revenue Projections (US$ Mn)
5. Key Insights
5.1. Technological Advancements
5.2. Disease Prevalence & Incidence Rate globally with key countries
5.3. COVID-19 Pandemics Impact on Industry (value chain and short / mid / long term impact)
5.4. Pricing Analysis
6. Global Suture Anchor Market Analysis and Forecast, by Type
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value and Volume Forecast, by Type, 2017–2031
6.3.1. Absorbable
6.3.2. Non-absorbable
6.4. Market Attractiveness Analysis, by Type
7. Global Suture Anchor Market Analysis and Forecast, by Tying Type
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Market Value Forecast, by Tying Type, 2017–2031
7.3.1. Knotted
7.3.2. Knotless
7.4. Market Attractiveness Analysis, by Tying Type
8. Global Suture Anchor Market Analysis and Forecast, by Anchoring System
8.1. Introduction & Definition
8.2. Key Findings / Developments
8.3. Market Value Forecast, by Anchoring System, 2017–2031
8.3.1. Barbed Anchor
8.3.2. Screw Fit Anchor
8.3.3. Others
8.4. Market Attractiveness Analysis, by Anchoring System
9. Global Suture Anchor Market Analysis and Forecast, by Material
9.1. Introduction & Definition
9.2. Key Findings / Developments
9.3. Market Value Forecast, by Material, 2017–2031
9.3.1. Metallic Suture Anchor
9.3.2. Bio-absorbable Suture Anchor
9.3.3. PEEK Suture Anchor
9.3.4. Bio-composite Suture Anchor
9.3.5. Others
9.4. Market Attractiveness Analysis, by Material
10. Global Suture Anchor Market Analysis and Forecast, by End-user
10.1. Introduction & Definition
10.2. Key Findings / Developments
10.3. Market Value Forecast, by End-user, 2017–2031
10.3.1. Hospitals
10.3.2. Ambulatory Surgery Clinics
10.3.3. Clinics
10.3.4. Others
10.4. Market Attractiveness Analysis, by End-user
11. Global Suture Anchor Market Analysis and Forecast, by Region
11.1. Key Findings
11.2. Market Value Forecast, by Region
11.2.1. North America
11.2.2. Europe
11.2.3. Asia Pacific
11.2.4. Latin America
11.2.5. Middle East & Africa
11.3. Market Attractiveness Analysis, by Country/Region
12. North America Suture Anchor Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value and Volume Forecast, by Type, 2017–2031
12.2.1. Absorbable
12.2.2. Non-absorbable
12.3. Market Value Forecast, by Tying Type, 2017–2031
12.3.1. Knotted
12.3.2. Knotless
12.4. Market Value Forecast, by Anchoring System, 2017–2031
12.4.1. Barbed Anchor
12.4.2. Screw Fit Anchor
12.4.3. Others
12.5. Market Value Forecast, by Material, 2017–2031
12.5.1. Metallic Suture Anchor
12.5.2. Bio-absorbable Suture Anchor
12.5.3. PEEK Suture Anchor
12.5.4. Bio-composite Suture Anchor
12.5.5. Others
12.6. Market Value Forecast, by End-user, 2017–2031
12.6.1. Hospitals
12.6.2. Ambulatory Surgery Clinics
12.6.3. Clinics
12.6.4. Others
12.7. Market Value Forecast, by Country, 2017–2031
12.7.1. U.S.
12.7.2. Canada
12.8. Market Attractiveness Analysis
12.8.1. By Type
12.8.2. By Tying Type
12.8.3. By Anchoring System
12.8.4. By Material
12.8.5. By End-user
12.8.6. By Country
13. Europe Suture Anchor Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value and Volume Forecast, by Type, 2017–2031
13.2.1. Absorbable
13.2.2. Non-absorbable
13.3. Market Value Forecast, by Tying Type, 2017–2031
13.3.1. Knotted
13.3.2. Knotless
13.4. Market Value Forecast, by Anchoring System, 2017–2031
13.4.1. Barbed Anchor
13.4.2. Screw Fit Anchor
13.4.3. Others
13.5. Market Value Forecast, by Material, 2017–2031
13.5.1. Metallic Suture Anchor
13.5.2. Bio-absorbable Suture Anchor
13.5.3. PEEK Suture Anchor
13.5.4. Bio-composite Suture Anchor
13.5.5. Others
13.6. Market Value Forecast, by End-user, 2017–2031
13.6.1. Hospitals
13.6.2. Ambulatory Surgery Clinics
13.6.3. Clinics
13.6.4. Others
13.7. Market Value Forecast, by Country/Sub-region, 2017–2031
13.7.1. Germany
13.7.2. U.K.
13.7.3. France
13.7.4. Spain
13.7.5. Italy
13.7.6. Rest of Europe
13.8. Market Attractiveness Analysis
13.8.1. By Type
13.8.2. By Tying Type
13.8.3. By Anchoring System
13.8.4. By Material
13.8.5. By End-user
13.8.6. By Country/Sub-region
14. Asia Pacific Suture Anchor Market Analysis and Forecast
14.1. Introduction
14.1.1. Key Findings
14.2. Market Value and Volume Forecast, by Type, 2017–2031
14.2.1. Absorbable
14.2.2. Non-absorbable
14.3. Market Value Forecast, by Tying Type, 2017–2031
14.3.1. Knotted
14.3.2. Knotless
14.4. Market Value Forecast, by Anchoring System, 2017–2031
14.4.1. Barbed Anchor
14.4.2. Screw Fit Anchor
14.4.3. Others
14.5. Market Value Forecast, by Material, 2017–2031
14.5.1. Metallic Suture Anchor
14.5.2. Bio-absorbable Suture Anchor
14.5.3. PEEK Suture Anchor
14.5.4. Bio-composite Suture Anchor
14.5.5. Others
14.6. Market Value Forecast, by End-user, 2017–2031
14.6.1. Hospitals
14.6.2. Ambulatory Surgery Clinics
14.6.3. Clinics
14.6.4. Others
14.7. Market Value Forecast, by Country/Sub-region, 2017–2031
14.7.1. China
14.7.2. Japan
14.7.3. India
14.7.4. Australia & New Zealand
14.7.5. Rest of Asia Pacific
14.8. Market Attractiveness Analysis
14.8.1. By Type
14.8.2. By Tying Type
14.8.3. By Anchoring System
14.8.4. By Material
14.8.5. By End-user
14.8.6. By Country/Sub-region
15. Latin America Suture Anchor Market Analysis and Forecast
15.1. Introduction
15.1.1. Key Findings
15.2. Market Value and Volume Forecast, by Type, 2017–2031
15.2.1. Absorbable
15.2.2. Non-absorbable
15.3. Market Value Forecast, by Tying Type, 2017–2031
15.3.1. Knotted
15.3.2. Knotless
15.4. Market Value Forecast, by Anchoring System, 2017–2031
15.4.1. Barbed Anchor
15.4.2. Screw Fit Anchor
15.4.3. Others
15.5. Market Value Forecast, by Material, 2017–2031
15.5.1. Metallic Suture Anchor
15.5.2. Bio-absorbable Suture Anchor
15.5.3. PEEK Suture Anchor
15.5.4. Bio-composite Suture Anchor
15.5.5. Others
15.6. Market Value Forecast, by End-user, 2017–2031
15.6.1. Hospitals
15.6.2. Ambulatory Surgery Clinics
15.6.3. Clinics
15.6.4. Others
15.7. Market Value Forecast, by Country/Sub-region, 2017–2031
15.7.1. Brazil
15.7.2. Mexico
15.7.3. Rest of Latin America
15.8. Market Attractiveness Analysis
15.8.1. By Type
15.8.2. By Tying Type
15.8.3. By Anchoring System
15.8.4. By Material
15.8.5. By End-user
15.8.6. By Country/Sub-region
16. Middle East & Africa Suture Anchor Market Analysis and Forecast
16.1. Introduction
16.1.1. Key Findings
16.2. Market Value and Volume Forecast, by Type, 2017–2031
16.2.1. Absorbable
16.2.2. Non-absorbable
16.3. Market Value Forecast, by Tying Type, 2017–2031
16.3.1. Knotted
16.3.2. Knotless
16.4. Market Value Forecast, by Anchoring System, 2017–2031
16.4.1. Barbed Anchor
16.4.2. Screw Fit Anchor
16.4.3. Others
16.5. Market Value Forecast, by Material, 2017–2031
16.5.1. Metallic Suture Anchor
16.5.2. Bio-absorbable Suture Anchor
16.5.3. PEEK Suture Anchor
16.5.4. Bio-composite Suture Anchor
16.5.5. Others
16.6. Market Value Forecast, by End-user, 2017–2031
16.6.1. Hospitals
16.6.2. Ambulatory Surgery Clinics
16.6.3. Clinics
16.6.4. Others
16.7. Market Value Forecast, by Country/Sub-region, 2017–2031
16.7.1. GCC Countries
16.7.2. South Africa
16.7.3. Rest of Middle East & Africa
16.8. Market Attractiveness Analysis
16.8.1. By Type
16.8.2. By Tying Type
16.8.3. By Anchoring System
16.8.4. By Material
16.8.5. By End-user
16.8.6. By Country/Sub-region
17. Competition Landscape
17.1. Market Player - Competition Matrix (by tier and size of companies)
17.2. Market Share Analysis, by Company, 2020
17.3. Company Profiles
17.3.1. Smith & Nephew plc
17.3.1.1. Company Overview
17.3.1.2. Company Financials
17.3.1.3. Growth Strategies
17.3.1.4. SWOT Analysis
17.3.2. CONMED Corporation
17.3.2.1. Company Overview
17.3.2.2. Company Financials
17.3.2.3. Growth Strategies
17.3.2.4. SWOT Analysis
17.3.3. Johnson and Johnson (DePuy Synthes)
17.3.3.1. Company Overview
17.3.3.2. Company Financials
17.3.3.3. Growth Strategies
17.3.3.4. SWOT Analysis
17.3.4. Zimmer Biomet Holdings, Inc.
17.3.4.1. Company Overview
17.3.4.2. Company Financials
17.3.4.3. Growth Strategies
17.3.4.4. SWOT Analysis
17.3.5. Arthrex, Inc.
17.3.5.1. Company Overview
17.3.5.2. Company Financials
17.3.5.3. Growth Strategies
17.3.5.4. SWOT Analysis
17.3.6. Stryker
17.3.6.1. Company Overview
17.3.6.2. Company Financials
17.3.6.3. Growth Strategies
17.3.6.4. SWOT Analysis
17.3.7. Medtronic
17.3.7.1. Company Overview
17.3.7.2. Company Financials
17.3.7.3. Growth Strategies
17.3.7.4. SWOT Analysis
17.3.8. Wright Medical Group N.V.
17.3.8.1. Company Overview
17.3.8.2. Company Financials
17.3.8.3. Growth Strategies
17.3.8.4. SWOT Analysis
17.3.9. Cook Group Incorporated
17.3.9.1. Company Overview
17.3.9.2. Company Financials
17.3.9.3. Growth Strategies
17.3.9.4. SWOT Analysis
17.3.10. Aju Pharm Co., Ltd.
17.3.10.1. Company Overview
17.3.10.2. Company Financials
17.3.10.3. Growth Strategies
17.3.10.4. SWOT Analysis
17.3.11. ALEDA
17.3.11.1. Company Overview
17.3.11.2. Company Financials
17.3.11.3. Growth Strategies
17.3.11.4. SWOT Analysis
17.3.12. BMT
17.3.12.1. Company Overview
17.3.12.2. Company Financials
17.3.12.3. Growth Strategies
17.3.12.4. SWOT Analysis
17.3.13. Groupe Lépine
17.3.13.1. Company Overview
17.3.13.2. Company Financials
17.3.13.3. Growth Strategies
17.3.13.4. SWOT Analysis
17.3.14. In2Bones
17.3.14.1. Company Overview
17.3.14.2. Company Financials
17.3.14.3. Growth Strategies
17.3.14.4. SWOT Analysis
17.3.15. MedShape, Inc.
17.3.15.1. Company Overview
17.3.15.2. Company Financials
17.3.15.3. Growth Strategies
17.3.15.4. SWOT Analysis
17.3.16. Tulpar Medical Solutions
17.3.16.1. Company Overview
17.3.16.2. Company Financials
17.3.16.3. Growth Strategies
17.3.16.4. SWOT Analysis
17.3.17. VIMS
17.3.17.1. Company Overview
17.3.17.2. Company Financials
17.3.17.3. Growth Strategies
17.3.17.4. SWOT Analysis
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