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Soft Tissue Anchors Industry Revenues To Grow At Nearly 6.1% By 2031 | Medtronic plc, Stryker Corporation, Parcus Medical, LLC., Teknimed SA

03-15-2023 06:45 AM CET | Health & Medicine

Press release from: Global Insight Services

Soft Tissue Anchors Market

Soft Tissue Anchors Market

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.

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.

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Market Trends and Drivers

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.

Market Restraints and Challenges

The high cost of surgeries coupled with unfavorable reimbursement scenario are hindering the growth of the market.

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Global Soft Tissue Anchors Market Segmentation

By Product

• Absorbable Soft Tissue Anchors
• Non-absorbable Soft Tissue Anchors

By Material

• Metallic Suture Anchors
• Bio-absorbable Suture Anchors
• PEEK Suture Anchors
• Bio-composite Suture Anchors
• Others

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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Reasons to buy Soft Tissue Anchors Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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Global Insight Services LLC
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Website: https://www.globalinsightservices.com/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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