Global Market Study on Soft Tissue Anchors: Increasing Geriatric and Obese Population Leading to Growing Patient Pool


Soft Tissue Anchors  Market
  • Published On : May-2020 |
  • Pages : 285 Pages |
  • Format : Soft Tissue Anchors  Market Soft Tissue Anchors  Market Soft Tissue Anchors  Market Soft Tissue Anchors  Market

Soft tissue anchors are widely used in orthopedic surgeries. An orthopedic injury may occur due to acute trauma or repetitive motion of the body. Sports and heavy physical activities are the major reasons for bone fractures and injuries. 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 soft tissue anchors market.

Dislocation of the shoulder is a common occurrence among athletes, which may result into permanent damage if not treated on time. The Arthroscopic Bankart Repair method using soft tissue anchors is the most preferred method for the treatment of shoulder dislocation in the most minimally-invasive manner. Additionally, osteoporosis disease frequency and resultant fracture is increasing among the population, which will boost the growth of the soft tissue anchors market.

Growing Geriatric and Obese Population Leading to Increase in Orthopedic Injuries

The geriatric population commonly exhibits low bone density, and thus, is more prone to musculoskeletal injuries and diseases. The number of geriatric individuals is increasing across the globe, which is directly aiding the growth of the soft tissue anchors market, as with age, the prevalence of orthopedic injuries increases. Osteoporosis and obesity are two common diseases whose prevalence is increasing. Patients suffering from obesity are more likely to have certain orthopedic conditions that increases the need for surgery. A sedentary lifestyle also significantly contributes to short- and long-term health problems, which include obesity, osteoporosis, and others.

Demand for Soft Tissue Anchors Experiencing Decline Amid COVID-19 Pandemic

A majority of the hospitals in Europe and the United States have been overwhelmed with thousands of COVID-19 patients, with many of them in critical condition. Doctors have been compelled to treat these patients on priority and postpone other non-critical surgeries. Moreover, stringent lockdowns imposed by governments are causing supply chain disruptions of soft tissue anchors. Manufacturers are struggling with the challenges imposed by the pandemic, as their finances have been severely hit. However, through collaborations with other industry leaders and governments, the market will regain steady growth by the third quarter of 2020.

East Asia and South Asia to Witness Increased Demand

North America and Europe currently hold more than 55% of the global soft tissue anchors market. High prevalence of orthopedic disease such as osteoporosis is propelling the demand for soft tissue anchors in North America. However, East Asia and South Asia are poised for significant growth over the forecast period, owing to factors such as large population base, increases burden of sports and orthopedic injuries, and wide use of soft tissue anchors in orthopedic surgeries. Increased R&D investments and government initiatives are expected to boost the demand for soft tissue anchors in these regions.

Analysts’ Viewpoint

An extensive analysis of the soft tissue anchors market has brought our analysts to a conclusion that, the market is growing at a significant pace. Currently, absorbable soft tissue anchors is the target segment for major players, and hence, this segment dominates the global soft tissue anchors market by product type in term of market growth. Europe and North America collectively hold more than 55% of revenue share due to the high adoption of soft tissue anchors in these regions. Emerging countries such as Brazil, India, and China are expected to offer lucrative opportunities for the soft tissue anchors market, owing to increasing awareness and initiatives by local governments working towards a universal reimbursement system for orthopedic surgeries.

Soft Tissue Anchors Market - Scope of the Report

The latest publication by Persistence Market Research (PMR) on the global soft tissue anchors market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the global soft tissue anchors market. The study offers detailed insights on key market dynamics, which includes the drivers, restraints, trends, opportunities of the soft tissue anchors market. The principal aim of the market study is to present exclusive information about how the market will perform during the forecast period of 2020-2030.

Important indicators for the successful growth of the soft tissue anchors market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR) that are described in an exhaustive way in PMR's research. This research study can support readers to know the demand for soft tissue anchors and quantitative development opportunities during the study period.

The research is beneficial for shareholders in the soft tissue anchors market, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the soft tissue anchors market. The insights and wisdom presented in this PMR’s study can be leveraged by shareholders in the soft tissue anchors market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

Market statistics as well as information linked to macro- as well as micro-economic variables affecting the business scenario in the soft tissue anchors market are also included in the study. Depending on the potential developments in the soft tissue anchors market, substantive insights are also encountered in this report. Additionally, by virtue of the data submitted in this soft tissue anchors market report, minor companies and new entrants in the industry can be aided in making suitable company choices to achieve traction in the soft tissue anchors market.

Key Segments of Soft Tissue Anchors Market

PMR’s study on the soft tissue anchors market offers information divided into five important segments— product, material, tying type, end user, and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

Product

  • Absorbable Soft Tissue Anchors
  • Non-absorbable Soft Tissue Anchors

Material

  • Metallic Suture Anchors
  • Bio-absorbable Suture Anchors
  • PEEK Suture Anchors
  • Bio-composite Suture Anchors
  • All Suture Anchors

Tying Type

  • Knotless Suture Anchors
  • Knotted Suture Anchors

End User

  • Hospitals
  • Emergency Medical Services
  • Clinics
  • Ambulatory Surgical Centers

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

Key Questions Answered in PMR’s Soft Tissue Anchors Market Report

  • Which regions will continue to remain the most profitable regional markets for soft tissue anchors market players?
  • Which factors will induce a change in the demand for soft tissue anchors during the assessment period?
  • How will changing trends impact the soft tissue anchors market?
  • How can market players capture the low-hanging opportunities in the soft tissue anchors market in developed regions?
  • What are the winning strategies of stakeholders in the soft tissue anchors market to upscale their position in this landscape?
  • What are the restraints that investors need to be aware of and might tackle while investing in the soft tissue anchors market?
  • What are the developmental trends that will impact the market?
  • How can businesses in the soft tissue anchors market avail the growth opportunities in developed and emerging sectors?

Soft Tissue Anchors Market: Research Methodology

In PMR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the soft tissue anchors market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the soft tissue anchors market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the soft tissue anchors market, and makes PMR’s projection on the growth prospects of the soft tissue anchors market more accurate and reliable.

Companies covered in Soft Tissue Anchors Market Report

  • 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. 
  • Anstem Medical 
  • Groupe Lepine S.A. 
  • In2Bones SAS
  • Tulpar Medical Solutions
  • Neosys Surgical Solutions LTD 
  • Biocomposites Ltd 
  • HNM Medical
  • Surgical Frontiers
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