According to FutureWise analysis the market for Suture Anchors in 2023 is US$0.7 billion, and is expected to reach US$ 1.05 billion by 2031 at a CAGR of 5.20%.
A suture anchor can be used in situations where insufficient accumulation of soft tissue on the bone prevents soft tissue-to-soft tissue repairs from being accomplished directly. A tissue anchor allows tissue to be reattached to bone in most parts of the body. Through a variety of mechanisms, these anchors undergo distinct stresses based on the type of tissue present. A surgeon needs to understand the particular characteristics and biomechanics of the anchor he or she selects, as they may affect the use of the anchor. There are many anchor options, so it is important for the surgeon to understand these characteristics and biomechanics. As a result of advances in techniques and innovations, suture anchors are now utilized in a variety of musculoskeletal tissues, including the hip, elbow, hand, knee, foot, and ankle. Global suture anchors market demand during the forecast period is expected to increase due to the increasing use of suture anchors for reattaching tissue to bone. Surgical procedures in the shoulder, such as glenoid labrum repairs and rotator cuff repairs, have become possible with arthroscopic techniques using suture anchors. Furthermore, sports injuries have become increasingly common around the world, posing a serious risk for athletes. Musculoskeletal injuries affect muscles, tendons, ligaments, fascia, nerves, bones, and tissues of the musculoskeletal system. Detachment of ligaments, muscles, and other soft tissues from their associated osseins within the body is a moderately common injury, particularly among athletes. Excessive stress on these tissues is usually the cause of many injuries. The detachment of tissue may also result from several types of accidents, including falls, overexertion in an athletic event, or many other circumstances or activities. To reattach the soft tissue to its associated bone, surgery is required. As suture anchors are increasingly used in such incidents, the market for suture anchors is expected to grow in the coming years. As a result of their different types and procedures for treating different tissues, suture anchors are becoming more popular. There are many types of suture anchors available today for surgeons to choose from, depending on the situation. Bone fasteners such as screws, rivets, and barbed anchors are most commonly used. It is possible to inject suture anchors into predrilled holes or screw them directly into bone with today's advanced suture anchors.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Suture Anchors Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Suture Anchors Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.