Suture Anchor Devices Market Size, By Material Type (PEEK Suture Anchor, Metallic Suture Anchor, Bio-Composite Suture Anchor, Bio-Composite Suture Anchor, Other Suture Anchors), By Product Type (Absorbable and Non-absorbable), By Tying Type (Knotted Suture Anchors and Knotless Suture Anchors), By End User (Clinics, Hospitals, Ambulatory Surgical Centers and emergency Medical Services), By Region Analysis - Global Forecast 2023-2028
The global suture anchor devices market is expected to reach US$ 820 Million by 2028 at a CAGR of 5%.
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Major Players
Study period:
Fastest Growing Market:
2023-2028
APAC
Base Year:
Largest Market:
2022
North America
CAGR:
5
REPORT DESCRIPTION
The global suture anchor devices market is expected to reach US$ 820 Million by 2028 at a CAGR of 5%.
The knotted suture anchor segment is projected to remain dominant and is expected to gain traction due to low incidences of side effects and potential to reduce surgical time. Increased demand for bio-composite suture anchors owing to their ability to support bone formation is the key factor fuelling demand in the global market.
The Ambulatory surgical centers segment is the fastest growing segment in end user for suture anchor devices market worldwide during the forecast period.
Global Suture Anchor Devices market is segregated on the basis of Material Type as PEEK Suture anchor, metallic suture anchor, bio-composite suture anchor and bio absorbable suture anchor and other suture anchors. Based on product type, the global Suture Anchor Devices market is segmented in absorbable and non absorbable. The report also bifurcates global Suture Anchor Devices market based on tying type in knotted suture anchors and knotless suture anchors. By end user for suture anchor devices market is defined in ambulatory surgical centers and emergency medical services.
Global Suture Anchor Devices market report provides geographic analysis covering regions such as North America, Europe, Asia Pacific, and Rest of World. The Suture Anchor Devices market for each region is further segmented for major countries including U.S., Canada, Germany, UK, France, Italy, China, India, Japan, Brazil, South Africa and others.
Competitive Rivalry
Johnson and Johnson, Smith & Nephew, PLC, Medtronic Plc. are among the major players in the global Suture Anchor Devices market share. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Suture Anchor Devices Market has been segmented as below:
Suture Anchor Devices Market, by Material Type
Suture Anchor Devices Market, by Product Type
Suture Anchor Devices Market, by Tying Type
Suture Anchor Devices Market, by End User
Suture Anchor Devices Market, By Region
The report covers:
Report scope:
Global Suture Anchor Devices market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Suture Anchor Devices market share. Major industry players with significant revenue share include Medtronic PLC, Smith & Nephew PLC, Arthrex, Inc., Johnson & Johnson etc.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.2.1. Rising adoption of minimally invasive surgeries
4.2.2. Technological advancements
4.2.3. Increasing aging population
4.2.4. Increasing in number of sports injuries
4.3. Restraints
4.3.1. High cost of the material
5. Suture Anchor Devices Market, By Material Type
5.1. Key Points
5.2. PEEK Suture Anchor
5.3. Metallic Suture Anchor
5.4. Bio-Composite Suture Anchor
5.5. Bio-Absorbable Suture Anchor
5.6. Other Suture Anchors
6. Suture Anchor Devices Market, By Product Type
6.1. Key Points
6.2. Absorbable
6.3. Non-absorbable
7. Suture Anchor Devices Market, By Tying Type
7.1. Key Points
7.2. Knotted Suture Anchors
7.3. Knotless Suture Anchors
8. Suture Anchor Devices Market, By End User
8.1. Key Points
8.2. Clinics
8.3. Hospitals
8.4. Ambulatory Surgical centers
8.5. Emergency Medical Services
9. Competitive Landscape
9.1. Introduction
9.2. Recent Developments
9.2.1. Mergers &Acquisitions
9.2.2. New Product Developments
9.2.3. Portfolio/Production Capacity Expansions
9.2.4. Joint Ventures, Collaborations, Partnerships & Agreements
9.2.5. Others
10. Company Profile
10.1. Johnson & Johnson
10.1.1. Company Overview
10.1.2. Product/Service Landscape
10.1.3. Financial Overview
10.1.4. Recent Developments
10.2. Stryker Corporation
10.2.1. Company Overview
10.2.2. Product/Service Landscape
10.2.3. Financial Overview
10.2.4. Recent Developments
10.3. Smith & Nephew, PLC
10.3.1. Company Overview
10.3.2. Product/Service Landscape
10.3.3. Financial Overview
10.3.4. Recent Developments
10.4. Arthrex, Inc
10.4.1. Company Overview
10.4.2. Product/Service Landscape
10.4.3. Financial Overview
10.4.4. Recent Developments
10.5. Medtronic PLC
10.5.1. Company Overview
10.5.2. Product/Service Landscape
10.5.3. Financial Overview
10.5.4. Recent Developments
10.6. Conmed Corporation
10.6.1. Company Overview
10.6.2. Product/Service Landscape
10.6.3. Financial Overview
10.6.4. Recent Developments
The Suture Anchor Devices Market has been segmented as below:
Suture Anchor Devices Market, by Material Type
Suture Anchor Devices Market, by Product Type
Suture Anchor Devices Market, by Tying Type
Suture Anchor Devices Market, by End User
Suture Anchor Devices Market, By Region
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