Suture Anchor Devices Market Size, Share, Analysis Report

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

The global suture anchor devices market is expected to reach US$ 820 Million by 2028 at a CAGR of 5%.

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MARKET SNAPSHOT

Major Players

  • Medtronic PLC
  • Smith & Nephew PLC
  • Arthrex Inc
  • Johnson & Johnson
  • Study period:

    2023-2028

    Base Year:

    2022

    CAGR:

    5

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    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

    • PEEK Suture Anchor
    • Metallic Suture Anchor
    • Bio-Composite Suture Anchor
    • Bio-Absorbable Suture Anchor
    • Other Suture Anchors

    Suture Anchor Devices Market, by Product Type

    • Absorbable
    • Non-absorbable  

    Suture Anchor Devices Market, by Tying Type

    • Knotted Suture Anchors
    • Knotless suture Anchors

    Suture Anchor Devices Market, by End User

    • Clinics
    • Hospitals
    • Ambulatory Surgical Centers
    • Emergency Medical Services

    Suture Anchor Devices Market, By Region

    • North America
    • Europe
    • Asia Pacific
    • Rest of World

    The report covers:

    • Global Suture Anchor Devices market sizes from 2021 to 2028, along with CAGR for 2023-2028
    • Market size comparison for 2022 vs 2028, with actual data for 2022, estimates for 2023 and forecast from 2024 to 2028
    • Global Suture Anchor Devices market trends, covering comprehensive range of consumer trends & manufacturer trends
    • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the Suture Anchor Devices market
    • Major market opportunities and challenges in forecast timeframe to be focused
    • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
    • Comprehensive company profiles of the key industry players

    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.

    Reasons to Buy this Report:

    • Gain detailed insights on the Suture Anchor Devices industry trends
    • Find complete analysis on the market status
    • Identify the Suture Anchor Devices market opportunities and growth segments
    • Analyse competitive dynamics by evaluating business segments & product portfolios
    • Facilitate strategy planning and industry dynamics to enhance decision making

    Customization:

    Customized report as per the requirement can be offered with appropriate recommendations

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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

    • PEEK Suture Anchor
    • Metallic Suture Anchor
    • Bio-Composite Suture Anchor
    • Bio-Absorbable Suture Anchor
    • Other Suture Anchors

    Suture Anchor Devices Market, by Product Type

    • Absorbable
    • Non-absorbable  

    Suture Anchor Devices Market, by Tying Type

    • Knotted Suture Anchors
    • Knotless suture Anchors

    Suture Anchor Devices Market, by End User

    • Clinics
    • Hospitals
    • Ambulatory Surgical Centers
    • Emergency Medical Services

    Suture Anchor Devices Market, By Region

    • North America
    • Europe
    • Asia Pacific
    • Rest of World

    Got a question? We've got answers. If you have some other questions, see our support center.

    The market is expected to grow at a CAGR of 5% during the study period (2023-2028)
    The global suture anchor devices market is expected to reach US$ 820 Million by 2028
    The segment included in suture anchor devices market is Material, Product, Tying, End User and region.
    Some key players operating in the suture anchor devices market include Medtronic PLC, Smith & Nephew PLC, Arthrex, Inc., Johnson & Johnson
    We can offer several formats of the market research reports including, • PDF • PPT • Spreadsheet/ Workbook

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