North America Suture Anchor Devices Market Report

North America Suture Anchor Devices Market Report, By Product Type (Absorbable, Non-Absorbable), Material Type (Metallic Suture, Bio-Absorbable Suture, PEEK Suture, Bio-Composite Suture), Tying Type (Knotless Suture Anchor, Knotted Suture Anchor), End User (Hospitals, Emergency Medical Services, Clinics, Ambulatory Surgical Centers) and Country – North America Market Share, Trend Analysis & Forecast , 2021 - 2031

Report Code : 11175 | Publish Date : Upcoming | Industry : Healthcare | Geography : North America


Suture anchors, also known as bone anchors, are a popular implant used to reattach soft tissues to bone or anchor suture material to bone. Many treatments and technologies have been developed for soft tissue fixation to bone, which is a basic technique in orthopedic surgery. Bone tunnels, screws and washers, and bone staples were all used in the beginning. Although these procedures are simple, they can have disadvantages such as higher surgical exposure, suture material deterioration, interference with joint structures, and non-isometric placement. Suture anchors are the primary choice of fixation in arthroscopic repairs. When compared with bone tunnels, suture anchors behave favorably in rotator cuff repairs. Suture anchors are the preferred method for arthroscopic repair of anterior glenohumeral instability, because this technique offers the safest and most accurate method for repairing a Bankart lesion.

Market Dynamic- North America Suture Anchor Devices Market

The factors driving the market growth in North America are increasing incidence of accident, including fall, over-exertion during an athletic event, or many other situations or activities in the region has led the rising demand suture anchor devices market.  Increasing geriatric population, rising adoption of minimally invasive surgeries, technological advancements and research in field of suture anchor devices are contributing to the growth of suture anchor devices in the region. The rapid adoption of new devices and increasing geriatric population are some of the major factors driving the growth of suture anchor devices market in the North America region. 

COVID-19 Impact on North America Suture Anchor Devices Market Report

The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the North America suture anchor devices market. In addition, complete analysis of changes on the North America suture anchor devices market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on North America economies, international trade, business investments, GDP and marketing strategies of key players present in the market. Due to the emergence of COVID-19 the North America suture anchor devices had a negative impact. Due to imposed lockdowns many procedures were postponed to prevent the spread of the virus.

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North America Suture Anchor Devices Market- Segmental Overview

The suture anchor devices market comprises of different market segment like product type, material type, tying type, end user and country.

North America Suture Anchor Devices Market by Product Type

The suture anchor devices are available in market according different product type such as absorbable, non-absorbable. The absorbable suture anchor segment dominated the North America suture anchor devices market. Absorbable sutures are made of materials which are broken down in tissue after a given period of time which depending on the suture and so they are used in many of the inner tissues of the body. After the wound is close firmly it disappears which is an advantage as there is no foreign material left inside the body. Whereas non-absorbable sutures are made of materials which are not metabolized by the body and therefore they are used either on skin wound closure, where the sutures can be removed after a particular duration. 

North America Suture Anchor Devices Market by Material Type

The suture anchor devices are available in the market according to different material type like metallic suture, bio-absorbable suture, peek suture, bio-composite suture. The bio-composite suture anchors dominate the market as they are most preferred material type. The demand for bio-composite suture anchors is anticipated to propel the growth of the segment in the forecast period. The ability to support bone formation and also they offer excellent visibility of implants during surgeries. Moreover, these have fast insertion and improved fixation strength throughout the healing period.

North America Suture Anchor Devices Market by Tying Type

The suture anchor devices have different typing type available in the market such as knotless suture anchor, knotted suture anchor. The knotted suture anchor segment shows significant growth in the forecast period. The knotted suture anchors provide the highest attachment strength possible for a wide variety of applications due to which there has been an increase in wide variety of applications making technically demanding shoulder procedures simpler, safer, and more reproducible. Knotless suture anchor has a short loop of suture secured to the tail end of the anchor.  A secure low-profile repair can be created without knot tying.

North America Suture Anchor Devices Market by End User

The suture anchor devices market finds its major end user in hospitals, emergency medical services, clinics, ambulatory surgical centers. Ambulatory surgical centers end user is anticipated to gain major market share during the estimated time period.  With the increasing prevalence and incidence of orthopedic injuries and continuous innovation, technological advances, declining healthcare costs, and the development of new suture anchor components are some of the major factors driving the growth of the segment in the region. Also, hospital segment is expected to witness growth due to increasing geriatric population rising adoption of minimally invasive surgeries.

North America Suture Anchor Devices Market by Country 

The North America suture anchor devices market is studied for the following countries like United States, Canada and Mexico. The suture anchor devices market is expected to grow at fast pace in the North America region owning to increasing spending on healthcare infrastructure and orthopedic treatments along with technological advancement. The increasing number of sports injuries in the region. Sports injuries involve the musculoskeletal system, which includes the muscle, tendons, ligaments, fascia, nerves, bones, and tissues. Technological advancements and research in field of suture anchor devices is promoting the growth of the market in the region. 

North America Suture Anchor Devices Market Key Player

The key players in suture anchor devices 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., South America Implants S.A.,  Anstem Medical, Groupe Lepine S.A., In2Bones SAS, Tulpar Medical Solutions, Neosys Surgical Solutions LTD, Biocomposites Ltd, HNM Medical and Surgical Frontiers among others.  

Recent Developments

March 2021: One of the leading companies in the suture anchor devices market, Smith+Nephew, announced a marketing collaboration with Movendo Technology (Genoa, Italy) that is believed to add personalized robotic rehabilitation capability to the company’s technological solutions. This collaboration is projected to create a fully digitized pathway for the patients from the very first to last stage.

November 2018: Stryker Corporation acquired K2M Group Holdings, Inc. The acquisition allowed the company to gain access to K2M’s flagship technologies for various orthopedic surgeries including ligament and tendons surgeries, As a result of this acquisition, Stryker Corporation now has technological advantage over its rivals in global suture anchors market. 

October 2018: Zimmer Biomet collaborated with technology giant Apple, Inc. to launch a major clinical study on patients undergone two of the most common surgeries prevalent in U.S. today –hip and knee replacement. As result of this collaboration, Zimmer Biomet shall monitor the progress of the patients through Apple Watch and iPhone, and an app specifically designed interface the data for the two organizations. With the results of this study, Zimmer Biomet can understand how patients are responding to the surgeries that use sutures and anchors developed by the company.

The report analyses the suture anchor devices market based on by product type, material type, tying type, end user and country. The suture anchor devices are available in market according different product type such as absorbable, non-absorbable. The absorbable suture anchor segment dominated the North America suture anchor devices market. Absorbable sutures are made of materials which are broken down in tissue after a given period of time which depending on the suture. The suture anchor devices are available in the market according to different material type like metallic suture, bio-absorbable suture, peek suture, bio-composite suture. The bio-composite suture anchors dominate the market as they are most preferred material type. The suture anchor devices have different typing type available in the market such as knotless suture anchor, knotted suture anchor. The knotted suture anchor segment shows significant growth in the forecast period. The knotted suture anchors provide the highest attachment strength. The suture anchor devices market finds its major end user in hospitals, emergency medical services, clinics, ambulatory surgical centers. Ambulatory surgical centers end user is anticipated to gain major market share during the estimated time period. The increasing prevalence and incidence of orthopedic injuries are some of the major factors driving the growth of the segment in the region. The North America suture anchor devices market is studied for the following countries like United States, Canada and Mexico.

Why to buy this report

  • The report offers changing market dynamics in the suture anchor devices, presenting historical, current and projected market size in terms of value (USD Million)
  • The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of suture anchor devices 
  • It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the suture anchor devices performance
  • The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of suture anchor devices