Suture Anchor Devices Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031

The global suture anchor devices market is anticipated to grow at a considerable CAGR of 4.3% during the forecast period. Over the years, osteoarthritis has become more common globally. According to the Arthroscopy, Sports Medicine, and Rehabilitation, cartilage injuries incidents were 11, at 0.08 per 1,000 GE. The surge in sports-related injuries globally is set to contribute to the demand for suture anchor devices. According to the National Safety Council (NSC), in 2022 exercise equipment accounted for an estimated 445,642 injuries, which increased from 409,224 injuries in 2021. Highest injury rates in 15- to 24-year-olds, nearly double males (2,373,621) than females (1,257,781), 91% treated in emergency departments and released.

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As a result of these factors, major players in this market are making significant investments in R&D, resulting in a strong pipeline of products based on various approaches to suture anchor devices. In August 2022, OSSIO, Inc., an orthopedic fixation technology company, launched and first commercial use of OSSIOfiber® Suture Anchors in the US, expanding patient access to the company's growing portfolio of bio-integrative implants for use in foot/ankle, shoulder, knee, hand/wrist, and elbow surgery. Further, the rising number of FDA approvals are also contributed to propel the adoption of Suture Anchor Devices. In June 2022, Anika Therapeutics Inc., received FDA 510(k) clearance of the X-Twist knotless fixation system for soft tissue repairs in the shoulder, foot and ankle and other extremities. The X-Twist system was the platform of knotless suture anchors with multiple fixation options for patients undergoing soft tissue repairs, such as rotator cuff repair.

Global Suture Anchor Devices Market Report Segment

By Material Type

• Metallic Suture Anchor
• Bio-Absorbable Suture Anchor
• Others (PEEK Suture Anchor Devices)

By Product

• Absorbable
• Non-Absorbable

By Tying Type

• Knotted Suture Anchors
• Knotless Suture Anchors

By End-Use

• Hospitals
• Clinics
• Ambulatory Surgical Centers

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Suture Anchor Devices Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Anika Therapeutics Inc.
• Enovis
• In2Bones
• MedShape Inc.,
• Medtronic plc.,
• Orthomed
• Ossio Inc.
• Paragon 28, Inc
• Parcus Medical, LLC.
• Stryker Corp.,
• Teknimed

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