Market Overview:
The global suture anchors market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing number of surgeries and rising demand for minimally invasive surgeries. In addition, the growing geriatric population is also contributing to the growth of this market. Based on type, the global suture anchors market is segmented into UHMWPE and titanium. The UHMWPE segment is expected to grow at a higher CAGR than the titanium segment during the forecast period. This can be attributed to its superior properties such as high strength-to-weight ratio, low coefficient of friction, and resistance against wear and tear as compared with other materials used in surgical implants. Based on application, the global suture anchors market is divided into shoulder joint surgery, wrist surgery, ankle surgery, hip joint surgery, and other applications (including ENT surgeries). The hip joint surgery segment accounted for majority share of this market in 2017 owing to increasing incidence of arthritis worldwide coupled with technological advancements that have led to introduction of new products in this category.
Product Definition:
A suture anchor is a device made of titanium, polyester or stainless steel that is used to fasten soft tissue to bone. It is placed through the skin into the underlying bone and then a suture thread is passed through the anchor and tightened. This procedure stabilizes the position of soft tissue relative to bone and prevents it from shifting.
UHMWPE:
UHMWPE, also known as Poly (vinylidene fluoride-co-hexafluoropropylene), is a thermoplastic polymer with excellent chemical resistance and high tensile strength. It has been used in the manufacturing of surgical sutures and staplers for over two decades.
Titanium:
Titanium is a metal that has high corrosion resistance and is also very lightweight. It has the highest strength to weight ratio of any metal. The physical properties of titanium make it an ideal material for use in suture anchors, which are used during surgeries to hold tissue or organs in place.
Application Insights:
The global market is segmented by application into the shoulder joint, wrist, ankle, hip joint and other applications. The other application segment held the largest share of 37.3% in 2017 owing to its high usage rates in various body parts such as elbows, lumbar region and knee caps among others.
The shoulder joint held a significant share of the overall revenue due to its wide usage rates across various surgical procedures such as arthroscopy laparoscopy gynecology urology neurosurgery ophthalmology plastic surgeries among others.
Regional Analysis:
North America dominated the global market in 2017. The presence of major players, favorable reimbursement policies, and rising healthcare expenditure are some factors contributing to the growth of this regional market. For instance, as per a recent study published by Medical Economics Company on medical device costs in the U.S., it was observed that orthopedic sutures accounted for around 6% of total hospital charges for an average hospital stay across all hospitals in 2015-2016. In addition, according to a survey conducted by American Academy of Orthopedic Surgeons (AAOS), they found that approximately 1 million people undergo joint replacement surgeries every year in U.S., with hip and knee being most common joints replaced (AAOS).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 7.8% 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. Suture anchors are extensively used in minimally invasive surgeries due to their ability to provide stability and support during the surgical procedure.
- Rising prevalence of orthopedic disorders: The prevalence of orthopedic disorders is increasing at a rapid pace due to the aging population and rising levels of obesity across the globe. This is leading to an increase in the demand for surgical procedures for treating various orthopedic conditions such as fractures, joint replacements, ligament repairs, etc., which in turn is driving growth of the suture anchors market.
- Growing popularity of arthroscopic surgery: Arthroscopic surgery has emerged as one of the most preferred methods for treating various joint-related conditions owing its benefits such as smaller incisions, less tissue damage, shorter hospital stays & recovery times, etc,. Suture anchors are widely used in arthroscopic surgery procedures owing their ability to provide stability and support during these complex operations..
Scope Of The Report
Report Attributes
Report Details
Report Title
Suture Anchors Market Research Report
By Type
UHMWPE, Titanium
By Application
Shoulder Joint, Wrist, Ankle, Hip Joint, Other
By Companies
Arthrex, Biocomposites, ConMed, Depuy Synthes, Medshape, Orthomed, Ortosintese, Smith & Nephew, South America Implants, Abbott, Teknimed, Tornier
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
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Suture Anchors Market Report Segments:
The global Suture Anchors market is segmented on the basis of:
Types
UHMWPE, Titanium
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
Shoulder Joint, Wrist, Ankle, Hip Joint, Other
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:
- Arthrex
- Biocomposites
- ConMed
- Depuy Synthes
- Medshape
- Orthomed
- Ortosintese
- Smith & Nephew
- South America Implants
- Abbott
- Teknimed
- Tornier
Highlights of The 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:
- UHMWPE
- Titanium
- By Application:
- Shoulder Joint
- Wrist
- Ankle
- Hip Joint
- Other
- 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 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
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- 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?
Suture anchors are medical devices that are inserted into a wound to hold the edges of the wound together. This helps to prevent further bleeding and allows for better healing.
Some of the major companies in the suture anchors market are Arthrex, Biocomposites, ConMed, Depuy Synthes, Medshape, Orthomed, Ortosintese, Smith & Nephew, South America Implants, Abbott, Teknimed, Tornier.
The suture anchors market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 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 Suture Anchors Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 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 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 Suture Anchors Market Size & Forecast, 2018-2028 4.5.1 Suture Anchors Market Size and Y-o-Y Growth 4.5.2 Suture Anchors Market Absolute $ Opportunity
Chapter 5 Global 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 Suture Anchors Market Size Forecast by Type
5.2.1 UHMWPE
5.2.2 Titanium
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Suture Anchors Market Size Forecast by Applications
6.2.1 Shoulder Joint
6.2.2 Wrist
6.2.3 Ankle
6.2.4 Hip Joint
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 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 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 Suture Anchors Analysis and Forecast
9.1 Introduction
9.2 North America 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 Suture Anchors Market Size Forecast by Type
9.6.1 UHMWPE
9.6.2 Titanium
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 Suture Anchors Market Size Forecast by Applications
9.10.1 Shoulder Joint
9.10.2 Wrist
9.10.3 Ankle
9.10.4 Hip Joint
9.10.5 Other
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 Suture Anchors Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Suture Anchors Market Size Forecast by Type
10.6.1 UHMWPE
10.6.2 Titanium
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 Suture Anchors Market Size Forecast by Applications
10.10.1 Shoulder Joint
10.10.2 Wrist
10.10.3 Ankle
10.10.4 Hip Joint
10.10.5 Other
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 Suture Anchors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Suture Anchors Market Size Forecast by Type
11.6.1 UHMWPE
11.6.2 Titanium
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 Suture Anchors Market Size Forecast by Applications
11.10.1 Shoulder Joint
11.10.2 Wrist
11.10.3 Ankle
11.10.4 Hip Joint
11.10.5 Other
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 Suture Anchors Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Suture Anchors Market Size Forecast by Type
12.6.1 UHMWPE
12.6.2 Titanium
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 Suture Anchors Market Size Forecast by Applications
12.10.1 Shoulder Joint
12.10.2 Wrist
12.10.3 Ankle
12.10.4 Hip Joint
12.10.5 Other
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) Suture Anchors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Suture Anchors Market Size Forecast by Type
13.6.1 UHMWPE
13.6.2 Titanium
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) Suture Anchors Market Size Forecast by Applications
13.10.1 Shoulder Joint
13.10.2 Wrist
13.10.3 Ankle
13.10.4 Hip Joint
13.10.5 Other
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 Suture Anchors Market: Competitive Dashboard
14.2 Global Suture Anchors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arthrex
14.3.2 Biocomposites
14.3.3 ConMed
14.3.4 Depuy Synthes
14.3.5 Medshape
14.3.6 Orthomed
14.3.7 Ortosintese
14.3.8 Smith & Nephew
14.3.9 South America Implants
14.3.10 Abbott
14.3.11 Teknimed
14.3.12 Tornier