Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Suture anchors are used to allow soft tissue to heal to bone in instances where there is insufficient soft tissue stock on the bone to do a direct soft tissue-to-soft tissue repair. One of the most important advancements in arthroscopic glenohumeral shoulder surgery is suture anchor fixation, which improves the link between bone and soft tissue at the rotator cuff footprint. Suture anchors are now used in most other musculoskeletal tissues, including the hip, elbow, hand, knee, foot, and ankle, due to the new advancements and procedures. Many injuries are caused usually due to the effect of excessive stresses on these tissues. Moreover, tissue detachment may also occur from several types of the accident, including fall, over-exertion during an athletic event, or other activities. In such cases, surgery is required to re-attach the soft tissue to its associated bone. Suture anchors are increasingly being used in such incidents thus the suture anchors market is expected to grow in the forecast period.
The increasing prevalence and incidence of orthopedic injuries in the population, the Asia Pacific market for suture anchors expects increasing demand in the forecast period. Increasing innovation, technological advances, declining healthcare costs, and the development of new suture anchor components are some of the main driving factors of suture anchor device market in the forecast period. In addition increased investment in the development of new types of suture anchors provides an effective orthopedic injury treatment option that is contributing to the growth of the market. The Asia Pacific region is expected to have a significant share of the suture anchor device market in the forecast period.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the Asia Pacific suture anchor devices market. In addition, complete analysis of changes on the Asia Pacific suture anchor devices market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on Asia Pacific economies, international trade, business investments, GDP and marketing strategies of key players present in the market. Due to the emergence of COVID-19 the Asia Pacific suture anchor devices had a negative impact. Due to imposed lockdowns many procedures were postponed to prevent the spread of the virus.
The suture anchor devices market comprises of different market segment like 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. Absorbable sutures anchor are dissolvable anchors that can naturally dissolve and be absorbed by the body. Doctors generally evaluate your wound to decide on the best types of sutures to use. Absorbable sutures anchor are made from materials that the body can naturally absorb over time. They are made of materials such as the fibers that line animal intestines or artificially created polymers that easily dissolve into the body. The non-absorbable sutures are made from polyamide or nylon it is most often used as a percutaneous suture because of its low tissue reactivity. Non-absorbable sutures are excellent for general soft tissue approximation or ligation including use in cardiovascular, ophthalmic and neurological procedures.
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. Metal suture anchors provide long term fixation but are often associated with well documented complications such as migration, chondral damage, imprisonment of the anchor within the joint. The bio-composite suture anchors have the ability to support bone formation and also they offer excellent visibility of implants during surgeries. The biodegradable suture anchor implants are used in arthroscopic rotator cuff repair procedures biodegradable anchors avoid the potential risk of metal anchors of bone resorption and implant dislodgement. The PEEK suture anchor is an implantable device used for soft tissue re-fixation of the acetabular or glenoid labrum to bone. It is composed of an anchoring component and non-absorbable braided suture.
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 is assumed to grow in the forecast period as it is used to gain traction due to low incidences of side effects and potential to reduce surgical time as it provide the highest attachment strength possible for a wide variety of applications making technically demanding shoulder procedures safer and simpler. Knotless suture anchor has a short loop of suture secured to the tail end of the anchor. The knotless suture anchor secure is used for low-profile repair which can be created without knot tying.
The suture anchor devices market finds its major end user in hospitals, emergency medical services, clinics, ambulatory surgical centers. The suture anchor allows secure fixation of soft tissue to bone which has become an invaluable tool for the orthopedic surgeon. The suture anchor chain consists of the anchor to bone fixation, anchor suture interface, suture itself and suture to soft tissue interface. Also improving healthcare infrastructure and rising awareness about advanced medical devices among people is promoting the market growth. Increasing spending on healthcare infrastructure and orthopedic treatments along with technological advancements the suture anchor devices market is expected to grow in the forecast period.
Asia Pacific suture anchor devices market is studied for the following countries like China, India, Japan and Rest of Asia Pacific among others. Increased investment in the development of new types of suture anchors provides an effective orthopedic injury treatment option that is contributing to the growth of the market. The Asia Pacific region is expected to have a significant share of the suture anchor market in the forecast period. The suture anchors are used for repair of the lateral collateral ligament, the insertional tear of the tendo-achilles fractures of the lower pole of the patella, triceps insertional tear, for repair of quadriceps tendon following partial avulsion. The increasing number of sports injuries in the region has become a major concern for athletes as the sports injuries and is expected to boost the suture anchor devices market in the Asia Pacific region in the forecast period.
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.
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. Absorbable sutures anchor are dissolvable anchors that can naturally dissolve and be absorbed by the body. Doctors generally evaluate your wound to decide on the best types of sutures to use. The non-absorbable sutures are made from polyamide or nylon it is most often used as a percutaneous suture because of its low tissue reactivity. 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. Metal suture anchors provide long term fixation but are often associated with well documented complications such as migration, chondral damage, imprisonment of the anchor within the joint. 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 is assumed to grow in the forecast period as it is used to gain traction due to low incidences of side effects and potential to reduce surgical time. The suture anchor devices market finds its major end user in hospitals, emergency medical services, clinics, ambulatory surgical centers. The suture anchor allows secure fixation of soft tissue to bone which has become an invaluable tool for the orthopedic surgeon. Asia Pacific suture anchor devices market is studied for the following countries like China, India, Japan and Rest of Asia Pacific among others.
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