Soft Tissue Anchors Market to close to US$ 1 Bn with CAGR of 5% by the year 2030

Soft Tissue Anchors Market 2022

The global Soft Tissue Anchors Market is estimated to reach US$ 1 Bn at a CAGR of 5% by the year 2030. With remote monitoring comes remote surgery. With digital twinning, this surgery becomes feasible. This could help in saving on prices of development of complex medical products, thereby improvising on the time-to-market metric. This would be the thing with the healthcare vertical in the upcoming period.

Get Free Sample Copy of this Report @ https://www.persistencemarketresearch.com/samples/31492

Medical facilities highly depend on soft tissue anchors during orthopedic surgeries. The availability of soft tissue anchors with various types of materials such as bio-materials and metals for surgical application across end-use sectors such as ambulatory surgical centers hospitals, etc., is expected to fuel the growth of the soft tissue anchors market. In addition, increase in investments toward the research & development of soft tissue anchors by key market players is propelling the growth of soft tissue anchors market. Consistent rise in the number of sports and orthopedic injuries, globally, is boosting the demand for bio-composite suture anchors and PEEK suture anchors, which is expected to contribute to the growth of the soft tissue anchors market during the forecast period.

According to Persistence Market Research, the global soft tissue anchors market was valued at US$ 585 Mn in 2019, and will expand at a 5% CAGR over the forecast period (2020-2030).

Company Profiles:

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.
In2Bones SAS
Tulpar Medical Solutions
Neosys Surgical Solutions LTD
Biocomposites Ltd
HNM Medical
Surgical Frontiers

Request for Methodology @ https://www.persistencemarketresearch.com/methodology/31492

Key Takeaways of Soft tissue anchors Market Study

In terms of product type, the absorbable soft tissue anchors segment is expected to contribute more than 25%of revenue share in the soft tissue anchors market.

Owing to low product cost and demand, absorbable suture anchors is the most preferred choice among costumers.

Biocomposite suture anchors dominate the market by material type, as medical professionals mostly prefer biocomposite soft tissue anchors during surgeries.

In terms of end user, hospitals are expected to collectively hold more than52% of market share in the soft tissue anchors market during the forecast period.

North America is dominating the global soft tissue anchors market, while East Asia is expected to offer lucrative opportunities, owing to rapidly increasing healthcare programs and growing medical facilities.

"The global soft tissue anchors market increases in parallel with the fast growing geriatric population. A wider array of applications is being seen with soft tissue anchors due to continuous advancements in technology, which is fueling the growth of the soft tissue anchors market," says a PMR analyst.

Anticipated Impact of COVID-19 on Soft Tissue Anchors Market

The global soft tissue anchors market has not been left untouched by the ongoing COVID-19 pandemic. The supply chain of soft tissue anchors has been severely affected due to logistic restrictions placed by various countries. Moreover, surgical procedures are being postponed to accommodate the increasing number of COVID-19 patients in hospitals. Hence, the demand for soft tissue anchors has taken a nosedive during the first half of 2020. However, both, leading players and governments are undertaking counter measures to solve the logistic problems related to soft tissue anchors. Emergency procedures are being prioritized, which will stabilize the demand for soft tissue anchors. Sales are projected to pick pace once the pandemic begins to abate.

Acquisition - Key Strategy by Leading Manufacturers

Leading manufacturers in the soft tissue anchors market are focusing on the regional acquisition strategy to enhance their product portfolios and expand their regional presence. For instance, in May 2016, Zimmer Biomet Holdings, Inc. acquired Cayenne Medical, Inc. - a medical device company engaged in developing and marketing technically-advanced soft tissue repair and reconstruction solutions for the knees, shoulders, and extremities, to enhance the innovation and growth of its business. In 2016, Johnson and Johnson completed 14 acquisitions or significant licensing deals, as well as eight divestitures, for profitable growth in the medical device market.

Access Full Report @ https://www.persistencemarketresearch.com/checkout/31492

What Does the Report Cover?

Persistence Market Research offers a unique perspective and actionable insights on the soft tissue anchors market in its latest study, presenting historical demand assessment of 2015-2019 and projections for 2020-2030, on the basis of product (absorbable suture anchors, non-absorbable suture anchors), material (metallic suture anchors, bio-absorbable suture anchors, PEEK suture and Biocomposite soft tissue anchors), tying type (knotted soft tissue anchors, knotless soft tissue anchors), and end user (hospitals, emergency medical services, clinics, ambulatory surgical centers), across seven key regions.

Access Related Reports-

Ambulance Stretchers Market - https://www.persistencemarketresearch.com/market-research/ambulance-stretchers-market.asp

PMR estimates that the global market for ambulance stretchers is expected to surpass US$ 264.8 Mn by 2026 end, expanding at a CAGR of 2-3% over 2018-2026..

Medical Imaging Equipment Market - https://www.persistencemarketresearch.com/market-research/medical-imaging-equipment-market.asp

Global medical imaging equipment market was valued at US$ 29.4 Bn in 2015 and is projected to reach US$ 45.3 Bn by 2023, expanding at a CAGR of 5.6% from 2015 to 2023.

Contact us:

Persistence Market Research          
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us:

PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against rep/uted organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

This release was published on openPR.