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 enable soft tissue to bone healing in instances when there is insufficient soft tissue buildup on the bone, making a direct soft tissue–to–soft tissue repair impossible. Tissue anchors allow the reattachment of tissue to bone in most regions of the body. Through a number of methods, these anchors are subjected to different stress depending on the type of tissues found. there are so many options for anchors, it's critical for the surgeon to understand the unique anchor features and biomechanics, as these can alter how they are used. Innovations and advanced techniques have extended the use of suture anchors to a variety of musculoskeletal tissues, including the hip, elbow, hand, foot, knee, and ankle. The increasing use of suture anchors for reattaching tissue to bone is propelling the growth of market in the forecast period.
Initiatives to increase awareness regarding the benefits of suture anchor devices among healthcare professionals and increase in orthopedic surgery as a result of technological developments in healthcare sector and incorporation of emerging technologies are boosting the demand for Europe suture anchor devices in the forecast period. An increasing number of sports injuries that require orthopedic procedures, such as rotator cuff surgery, ligament reconstruction, removal of loose bone or cartilage, etc. are increasing in the region. Shoulder dislocation is common in athletes and can lead to permanent damage if not treated on time these major factors are expected to drive the growth of the suture anchor devices market.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the Europe suture anchor devices market. In addition, complete analysis of changes on the Europe suture anchor devices market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on Europe economies, international trade, business investments, GDP and marketing strategies of key players present in the market. Due to the emergence of COVID-19 the Europe 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. The absorbable suture anchor degenerates as the surgical gut are gradually digested by tissue enzymes. . Due to technological improvements in the absorbable sutures they are widely used and are most preferred by the surgeons. Whereas non-absorbable sutures are made of non-degenerative materials which are not metabolized by the body so the non-absorbable suture anchor device must be removed or they will lead to chronic sepsis.
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. Bio-absorbable suture are made up of absorbable material that are used for closing wounds and later are dissolved in the body by body fluids. The bio-composite suture has the ability to support bone formation and also they offer excellent visibility of implants during surgeries. The rising demand for the bio-composites sutures anchors, the suture anchor devices market is expected to witness growth in the forecast period.
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 expected to grow at fast pace in the forecast period due to low incidences of side effects and potential to reduce surgical time. The knotless suture anchors segment is also expected to grow. To address the rising volume of arthroscopic surgeries, the knotless tissue anchor has been upgraded. Knot tying can be difficult for surgeons, because knots are known to be the weak point in tissue repairs. However, each type of suture anchor has proven to be beneficial in a variety of procedures and situations. As a result, the suture anchors market is predicted to expand in the Europe region during the forecast period.
The suture anchor devices market finds its major end user in hospitals, emergency medical services, clinics, ambulatory surgical centers. In the projected future the suture anchor devices market is expected to develop due to an increase in the adoption of minimally invasive operations and increased knowledge of suture anchors. Due to rising expenditure on healthcare infrastructure and orthopedic treatments, as well as technological improvements the ambulatory surgical centers is expected to grow in the forecast period. Also many research organizations are focusing on the development of new compositions of suture anchors with better advantages.
Europe suture anchor devices market is studied for the following countries like France, Germany, Italy, Spain and UK. The suture anchor devices market is expected to grow at rapid pace in the Europe region owning to increasing number of sports injuries needing orthopedic intervention such as rotator cuff surgery, torn ligament repairs, removal of loose bones or cartilages, etc. are anticipated to drive the growth of the suture anchor devices market in Europe region. Increasing geriatric population commonly exhibits low bone density, and thus, is more prone to musculoskeletal injuries and disease with age, the prevalence of orthopedic injuries increases. Due to increasing awareness the suture anchor devices market is expected to experience lucrative growth 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.
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 degenerates as the surgical gut are gradually digested by tissue enzymes. . Due to technological improvements in the absorbable sutures they are widely used and are most preferred by the surgeons. 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. Bio-absorbable suture are made up of absorbable material that are used for closing wounds and later are dissolved in the body by body fluids. 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 expected to grow at fast pace in the forecast period due to low incidences of side effects and potential to reduce surgical time. The knotless suture anchors segment is also expected to grow. The suture anchor devices market finds its major end user in hospitals, emergency medical services, clinics, ambulatory surgical centers. In the projected future the suture anchor devices market is expected to develop due to an increase in the adoption of minimally invasive operations and increased knowledge of suture anchors. Europe suture anchor devices market is studied for the following countries like France, Germany, Italy, Spain and UK.
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