How To Make Your Product The Ferrari Of Suture Anchor Market

The global suture anchor market size will grow by USD 202.09 million during 2019-2023. This market report provides a detailed analysis of the market by type (knotted suture anchors and knotless suture anchors), material (biocomposite suture anchors, PEEK suture anchors, metallic suture anchors, bioabsorbable suture anchors, and others), and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including CONMED Corp., Johnson & Johnson Services Inc., Smith & Nephew Plc, Stryker Corp., Wright Medical Group NV, and Zimmer Biomet Holdings Inc.
Key Insights on Suture Anchor Market - Global Forecast 2019-2023
Suture Anchor Market

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Industry Overview

Technological advances have been identified as critical suture anchor market trends that will influence the growth of the market. The market is witnessing several technological advancements and research that will result in efficient and enhanced clinical outcomes and faster and better recovery of patients after orthopedic surgeries. STRATAFIX Spiral Knotless Tissue Control Device offered by DePuy Synthes uses a unique anchor technology that helps in maintaining approximation along the line of suture during closure by delivering multiple fixation points. Similarly, Y-Knot PRO RC offered by CONMED uses cleat-less suture release technology that provides a more efficient delivery system after anchor implantation, thereby eliminating the need for un-cleating sutures. Such technological advances will aid the development of suture anchors with advanced features that provide beneficial clinical outcomes, consequently boosting the popularity of suture anchors.

According to the suture anchor market forecast report, the increasing sports injuries because of the rise in sports participation will also drive the growth of the suture anchors market. The growing awareness about the physical and mental benefits associated with different kinds of sports has resulted in the increasing number of youth and children participating in sports across the world. As a result, the number of sports-related injuries involving ligaments, muscles, or bones, has also increased. Suture anchors are widely used to treat various types of sports injuries, including thumb ulnar collateral ligament (UCL) injuries and complete proximal rectus femoris avulsions with retracted tendons. The use of suture anchors for the treatment of sports injuries facilitates a quick return to play and provide greater reliability and ideal long-term clinical outcomes. These factors are expected to fuel the growth of the suture anchor market at a CAGR of 6% during the forecast period.

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