Market Definition
Orthopedic surgery frequently makes use of soft tissue anchors. An orthopaedic injury may develop as a result of sudden trauma or constant mobility. The main causes of fractures and injuries to the bones are sports and strenuous physical activity.
Market Outlook
The global soft tissue anchors market was valued at USD 677.7 million in 2021 and it is anticipated to grow further till USD 1,228.1 million by 2031, at a CAGR of 6.1% during the forecast period.
The market for soft tissue anchors is expected to rise as more sports injuries require orthopedic treatment, such as rotator cuff surgery, torn ligament repairs, removal of loose bones or cartilages, etc. A common injury among sportsmen is shoulder dislocation, which, if not properly treated, can lead to irreversible damage. The most popular and least invasive method for treating shoulder dislocation is called arthroscopic bank art repair, which uses soft tissue anchors.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Global Soft Tissue Anchors Market Segmental Overview
The report analyses the global soft tissue anchors market based on the product, typing type, material, end user, and region.
Global Soft Tissue Anchors Market by Product
Based on product, it is segmented into absorbable soft tissue anchors and non-absorbable soft tissue anchors. The absorbable soft tissue anchors segment is anticipated to dominate the market during the forecast period. Soft tissue anchors are widely used in orthopedic surgeries. An orthopedic injury may occur owing to acurate trauma or repetitive motion of the body.
Global Soft Tissue Anchors Market by Typing Type
Based on typing type, it is segmented into knotless suture anchors and knotted suture anchors. The knotless suture anchors segment is anticipated to dominate the market during the forecast period. The increasing number of sports injuries and orthopedic surgeries is boosting the growth of the market.
Global Soft Tissue Anchors Market by Material
Based on the material, it is segmented into metallic suture anchor, bio-absorbable suture anchor, PEEK suture anchor, bio-composite suture anchor, and others. The metallic suture anchor segment is anticipated to dominate the market during the forecast period. The increasing geriatric population is highly prone to various orthopedic conditions such as joint disorders, anterior cruciate ligament injuries, joint fusion, osteoarthritis, and others.
Global Soft Tissue Anchors Market by End User
Based on the end user, it is segmented into hospitals, clinics, emergency medical services, and other. The hospital segment is anticipated to dominate the market during the forecast period. Obesity and osteoporosis are two prevalent disorders whose incidence is rising. Obese patients are more prone to have specific orthopedic issues, which heighten the need for surgery.
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Major Players in the Global Soft Tissue Anchors Market
The key players studied in the global soft tissue anchors market are Smith & Nephew plc, Zimmer Biomet Holdings, Inc., ConMed Corporation, Arthrex, Inc, Johnson and Johnson (DePuy Synthes, Inc.), Medtronic plc, Stryker Corporation, Parcus Medical, LLC., Wright Medical Group N.V., Teknimed SA, MedShape, Inc., Anstem Medical, Groupe Lepine S.A., Neosys Surgical Solutions LTD and Biocomposites Ltd among others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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