Market Overview:
The global bio-absorbable suture anchors market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for minimally invasive surgeries and rising prevalence of chronic diseases. In addition, technological advancements in the field of bio-absorbable suture anchors are also contributing to the growth of this market. Based on type, knotless bio-absorbable suture anchors accounted for a larger share of the global market in 2017. This segment is expected to grow at a higher CAGR than that of knotted bio-absorbable suture anchors during the forecast period.
Product Definition:
Bio-absorbable Suture Anchors are medical devices that are used to secure sutures in place. They are made of biodegradable materials, which means that they will eventually break down and be absorbed by the body. This makes them less likely to cause irritation or infection.
They reduce the risk of implant migration or rejection by the body.
They decrease the likelihood of inflammation and scarring around the implant site.
They can be absorbed completely by the body, eliminating any need for surgical removal.
Knotted:
The global knotted absorbable suture anchors market size was valued at USD 6.5 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
Knotless:
Knotless is a new suture anchor design that overcomes the limitations of traditional sutures. Traditional sutures are used in soft tissue reconstruction and bone repair procedures; however, they have several disadvantages such as high risk of infection, slow rate of healing, and difficulty in removing.
Application Insights:
The hospital application segment dominated the global bio-absorbable suture anchor market in terms of revenue share in 2017. The increasing number of surgeries, rising prevalence of chronic diseases and high patient admissions are among the factors contributing to the growth of this segment. In addition, a rise in healthcare spending is expected to boost industry growth over the forecast period.
The outpatient surgery clinic application segment is expected to witness significant growth over the forecast period owing to an increase in surgical procedures and growing awareness about minimally invasive surgeries among patients globally. Moreover, key players have launched new products for suturing wounds during cosmetic surgeries that will drive demand further. For instance,in April 2018, Ethicon Endo-Surgery Inc.
Regional Analysis:
North America dominated the global market in 2017 owing to the increasing number of road accidents, rising prevalence of chronic diseases, and presence of well-established healthcare facilities in this region. In addition, growing preference for minimally invasive surgeries is also expected to drive regional growth. Asia Pacific is anticipated to witness lucrative growth over the forecast period due to improving healthcare infrastructure and rising medical tourism activities in emerging economies such as India and China. Moreover, an increase in per capita income levels will boost demand further.
Major players operating across North America include Johnson & Johnson Services Inc.; Baxter International; Becton Dickenson; And Company; Coloplast A/S; Medtronic plc.; Stryker Corporation; Zimmer Biomet Holdings Inc.; Terumo Medical Corporation Plc.,and Abbott Laboratories (AbbVie).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily owing to the advantages offered by these surgeries over traditional open surgery procedures, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Bio-absorbable suture anchors offer several benefits over traditional metal anchors, including elimination of the need for a second surgery to remove the implant; this is likely to drive their adoption in minimally invasive surgeries.
- Growing preference for biodegradable implants: There has been a growing preference for biodegradable implants across various medical applications in recent years due to their ability to dissolve into the body without causing any harm or requiring additional surgical procedures for removal. This is particularly beneficial in cases where repeated implantation or removal may be required (e.g., orthopedic applications), as it eliminates the risk of infection or other complications associated with foreign objects remaining in the body indefinitely. The bio-absorbable suture anchor market is expected to benefit from this trend towards biodegradability in medical implants.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bio-absorbable Suture Anchors Market Research Report
By Type
Knotted, Knotless
By Application
Hospital, Outpatient Surgery Clinic, Clinic
By Companies
Smith & Nephew plc, CONMED Corporation, Johnson and Johnson (DePuy Synthes), Zimmer Biomet Holdings, Arthrex, Stryker, Medtronic, Wright Medical Group, Cook Group Incorporated, Aju Pharm, ALEDA, BMT, Groupe Lepine, In2Bones, MedShape, Tulpar Medical Solutions, VIMS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Bio-absorbable Suture Anchors Market Report Segments:
The global Bio-absorbable Suture Anchors market is segmented on the basis of:
Types
Knotted, Knotless
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Outpatient Surgery Clinic, Clinic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Smith & Nephew plc
- CONMED Corporation
- Johnson and Johnson (DePuy Synthes)
- Zimmer Biomet Holdings
- Arthrex
- Stryker
- Medtronic
- Wright Medical Group
- Cook Group Incorporated
- Aju Pharm
- ALEDA
- BMT
- Groupe Lepine
- In2Bones
- MedShape
- Tulpar Medical Solutions
- VIMS
Highlights of The Bio-absorbable Suture Anchors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Knotted
- Knotless
- By Application:
- Hospital
- Outpatient Surgery Clinic
- Clinic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bio-absorbable Suture Anchors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
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- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
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- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bio-absorbable suture anchors are a type of medical device that are designed to be absorbed by the body after being inserted into the body. This allows them to avoid potential complications, such as infection, from remaining in the body.
Some of the major players in the bio-absorbable suture anchors market are Smith & Nephew plc, CONMED Corporation, Johnson and Johnson (DePuy Synthes), Zimmer Biomet Holdings, Arthrex, Stryker, Medtronic, Wright Medical Group, Cook Group Incorporated, Aju Pharm, ALEDA, BMT, Groupe Lepine, In2Bones, MedShape, Tulpar Medical Solutions, VIMS.
The bio-absorbable suture anchors market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bio-absorbable Suture Anchors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bio-absorbable Suture Anchors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bio-absorbable Suture Anchors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bio-absorbable Suture Anchors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bio-absorbable Suture Anchors Market Size & Forecast, 2018-2028
4.5.1 Bio-absorbable Suture Anchors Market Size and Y-o-Y Growth
4.5.2 Bio-absorbable Suture Anchors Market Absolute $ Opportunity
Chapter 5 Global Bio-absorbable Suture Anchors Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bio-absorbable Suture Anchors Market Size Forecast by Type
5.2.1 Knotted
5.2.2 Knotless
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bio-absorbable Suture Anchors Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bio-absorbable Suture Anchors Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Outpatient Surgery Clinic
6.2.3 Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bio-absorbable Suture Anchors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bio-absorbable Suture Anchors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bio-absorbable Suture Anchors Analysis and Forecast
9.1 Introduction
9.2 North America Bio-absorbable Suture Anchors Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bio-absorbable Suture Anchors Market Size Forecast by Type
9.6.1 Knotted
9.6.2 Knotless
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bio-absorbable Suture Anchors Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Outpatient Surgery Clinic
9.10.3 Clinic
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bio-absorbable Suture Anchors Analysis and Forecast
10.1 Introduction
10.2 Europe Bio-absorbable Suture Anchors Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bio-absorbable Suture Anchors Market Size Forecast by Type
10.6.1 Knotted
10.6.2 Knotless
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bio-absorbable Suture Anchors Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Outpatient Surgery Clinic
10.10.3 Clinic
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bio-absorbable Suture Anchors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bio-absorbable Suture Anchors Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bio-absorbable Suture Anchors Market Size Forecast by Type
11.6.1 Knotted
11.6.2 Knotless
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bio-absorbable Suture Anchors Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Outpatient Surgery Clinic
11.10.3 Clinic
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bio-absorbable Suture Anchors Analysis and Forecast
12.1 Introduction
12.2 Latin America Bio-absorbable Suture Anchors Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bio-absorbable Suture Anchors Market Size Forecast by Type
12.6.1 Knotted
12.6.2 Knotless
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bio-absorbable Suture Anchors Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Outpatient Surgery Clinic
12.10.3 Clinic
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bio-absorbable Suture Anchors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bio-absorbable Suture Anchors Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bio-absorbable Suture Anchors Market Size Forecast by Type
13.6.1 Knotted
13.6.2 Knotless
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bio-absorbable Suture Anchors Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Outpatient Surgery Clinic
13.10.3 Clinic
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bio-absorbable Suture Anchors Market: Competitive Dashboard
14.2 Global Bio-absorbable Suture Anchors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Smith & Nephew plc
14.3.2 CONMED Corporation
14.3.3 Johnson and Johnson (DePuy Synthes)
14.3.4 Zimmer Biomet Holdings
14.3.5 Arthrex
14.3.6 Stryker
14.3.7 Medtronic
14.3.8 Wright Medical Group
14.3.9 Cook Group Incorporated
14.3.10 Aju Pharm
14.3.11 ALEDA
14.3.12 BMT
14.3.13 Groupe Lepine
14.3.14 In2Bones
14.3.15 MedShape
14.3.16 Tulpar Medical Solutions
14.3.17 VIMS
