Soft Tissue Anchors Market Drivers and Forecasts by 2028

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2028

Soft Tissue Anchors Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Absorbable and Non-Absorbable), Tying Type (Knotted and Knotless), Material (Metallic Suture Anchor, Bio-Absorbable Suture Anchor, PEEK Suture Anchor, Bio-Composite Suture Anchor, and Other), and End User (Hospital, Clinic, Emergency Medical Service, and Other)

  • Report Date : Jun 2022
  • Report Code : TIPRE00024412
  • Category : Life Sciences
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 204

The soft tissue anchors market is expected to grow from US$ 677.68 million in 2022 to US$ 912.27 million by 2028; it is expected to register a CAGR of 5.1% from 2022 to 2028.

Soft tissue anchors are soft tissue fixation devices generally used in orthopedic surgeries. Orthopedic bone fractures and injuries can be caused due to various reasons such as acute trauma, sports, and heavy physical activities. Sutures, anchors, and interference screws are various fixation devices used for soft tissue fixation. Dislocation of the shoulder is common among athletes, and the arthroscopic bankart repair method using soft tissue anchors is the most preferred method for treating shoulder dislocation. The increase in sports injuries, orthopedic surgeries, and the significant increase in the geriatric and obese population are the key factors that are driving the growth of the soft tissue anchors market. However, the high cost of surgeries and unfavorable reimbursement scenarios are hampering the market growth.

The report offers insights and in-depth analysis of the soft tissue anchors market, emphasizing various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of global leading market players. It also includes the impact of the COVID-19 pandemic on the market across all regions. Many health authorities focused on the COVID-19-pandemic-related care. They avoided human contact due to growing transmission and strain on healthcare resources by postponing elective surgeries, suspending outpatient clinics, and triaging employees involved in urgent care. Furthermore, many countries imposed restrictions on nonclinical staff's access to the facility and guests. Orthopedic surgeons have experienced major effects on their ability to offer timely and high-quality surgical care, training, and research due to these changes. Recent COVID-19 guidelines for pediatric orthopedic surgeons suggested focusing on urgent care and triaging cases to postpone elective surgeries and clinic appointments, transitioning to virtual-based care when appropriate.

 

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Soft Tissue Anchors Market: Strategic Insights

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Many companies manufacturing soft tissue anchors focus on responding to emergencies by various strategies such as manufacturing PPEs for healthcare workers and distribution of pharmaceutical drugs. For instance, in September 2020, Arthrex, a global leader in minimally invasive orthopedic technology, announced it is using its innovative capabilities to manufacture and donate over 6,000 protective face shields to school systems across the region. Similarly, the company collaborated with medical professionals, local emergency services, and health care administrators to assess the biggest needs of the essential workers treating and interacting with patients infected with SARS-CoV-2. The most significant project involves manufacturing protective face shields and hoods. Thus, the COVID-19 pandemic hampered the soft tissue anchors market.

The soft tissue anchors market is segmented into type, tying type, material, end user, and geography. By region, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America.

Market Insights

Increasing Sports Injuries and Orthopaedic Surgeries

Sports have experienced tremendous growth, and a large population is opting for an active lifestyle, increasing physical activities such as gym and sports. This has led to a surge in sports-related injuries such as rotator cuff injuries, ligament tears, and tendon rupture. According to the Johns Hopkins Medicine report, ~3.5 million sports injuries are reported annually in the US. As per Hospital for Special Surgery, rotator cuff injuries are very common and affect 2-4 million people in the US every year. Rotator cuff conditions develop over time, and it is very common among athletes and the geriatric population and can cause trauma. Thus, an increase in sports and physical activities is expected to create demand for soft tissue anchors and contribute to the market's growth.

The increasing geriatric population is highly prone to various orthopedic conditions such as joint disorders, anterior cruciate ligament (ACL) injuries, joint fusion, osteoarthritis, and others. As per the Center Orthopedic & Neurosurgical Care & Research, by 2030, total knee replacement surgeries are projected to grow by 673% to 3.5 million procedures per year. This has increased orthopedic surgeries, which creates the demand for soft tissue anchors. Moreover, the rising demand for minimally invasive procedures has increased arthroscopic surgeries owing to various advantages such as faster recovery and short hospital stays. According to Harvard Medical School, knee arthroscopy is one of the most common surgeries performed on a large scale; every year ~750,000 arthroscopic knee operations are performed in the US, with a total cost of US$ 4 billion. Moreover, an increase in the number of road accidents and trauma cases is expected to contribute to a major share of orthopedic surgeries. As per the US Department of Transportation, over ~6 million car accidents occur every year in the US. In Florida, over ~350,000 drivers are involved in road accidents, which lead to 200,000 injuries every year, including spine injuries, knee injuries, and others.

Thus, the high adoption rate of an active lifestyle, increase in sports activities and sports injuries, the surge in orthopedic surgeries owing to the large geriatric population, and increase in trauma cases are driving the growth of the soft tissue anchors market.

Type-Based Insights

Based on type, the soft tissue anchors market is bifurcated into absorbable and non-absorbable. In 2022, the absorbable segment accounted for a larger share of the market; it is expected to continue its dominance over the forecast period. The absorbable soft tissue anchors are widely used as they get absorbed in the body and reduce medical complications. Moreover, the absorbable segment is expected to register the highest CAGR in the soft tissue anchors market from 2022 to 2028.

  • Based on typing type, the soft tissue anchors market is bifurcated into knotted and knotless. The knotless segment held a larger market share in 2021, and it is anticipated to register the highest CAGR during the forecast period.
  • Based on material, the soft tissue anchors market is segmented into metallic suture anchor, bio-absorbable suture anchor, PEEK suture anchor, bio-composite suture anchor, and others. The PEEK suture anchor segment held the largest share of the market in 2022; however, the bio-composite suture anchor segment is anticipated to register the highest CAGR of 5.7% in the market during the forecast period.
  • Based on application, the soft tissue anchors market is segmented into health management, financial health management, home health management, and others. The health management segment held the largest market share in 2022, and it is anticipated to register the highest CAGR in the market during the forecast period.
  • Based on end user, the soft tissue anchors market is segmented into hospitals, clinics, emergency medical services, and others. The hospitals segment held the largest market share in 2022; however, the emergency medical services segment is estimated to register the highest CAGR of 5.7% in the market during the forecast period.

The soft tissue anchors market players adopt organic strategies such as product launch and expansion to expand their global footprint and product portfolio and meet the growing demand. In May 2022, Conmed acquired privately-held In2Bones Global, Inc. (In2Bones), on a cash-free, debt-free basis, for cash consideration of US$145 million at closing and up to an additional US$110 million in growth-based earn-out payments over four years.

Geography-Based Insights

By geography, the soft tissue anchors market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Spain, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of APAC), the Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of MEA), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

Soft Tissue Anchors Market Regional Insights

The regional trends and factors influencing the Soft Tissue Anchors Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Soft Tissue Anchors Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

soft-tissue-anchors-market-global-geography
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Soft Tissue Anchors Market Report Scope

Report Attribute Details
Market size in 2022 US$ 677.68 Million
Market Size by 2028 US$ 912.27 Million
Global CAGR (2022 - 2028) 5.1%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By Type
  • Absorbable and Non-Absorbable
By Tying Type
  • Knotted and Knotless
By Material
  • Metallic Suture Anchor
  • Bio-Absorbable Suture Anchor
  • PEEK Suture Anchor
  • Bio-Composite Suture Anchor
By End User
  • Hospital
  • Clinic
  • Emergency Medical Service
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Smith & Nephew Plc.
  • CONMED Corporation
  • Johnson & Johnson Services, Inc. (DePuy Synthes)
  • Zimmer Biomet
  • Arthrex, Inc.
  • Stryker Corporation
  • Medtronic
  • Cook Medical LLC
  • Aju Pharm Co.,Ltd.

  • Soft Tissue Anchors Market Players Density: Understanding Its Impact on Business Dynamics

    The Soft Tissue Anchors Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Soft Tissue Anchors Market are:

    1. Smith & Nephew Plc.
    2. CONMED Corporation
    3. Johnson & Johnson Services, Inc. (DePuy Synthes)
    4. Zimmer Biomet
    5. Arthrex, Inc.

    Disclaimer: The companies listed above are not ranked in any particular order.


    soft-tissue-anchors-market-cagr

    • Get the Soft Tissue Anchors Market top key players overview

     

    Company-Based Insights

    Smith & Nephew Plc.; CONMED Corporation; Johnson & Johnson Services, Inc. (DePuy Synthes); Zimmer Biomet; Arthrex, Inc.; Stryker Corporation; Medtronic; Cook Medical LLC; Aju Pharm Co., Ltd.; and DJO, LLC (Colfax Corporation) are among the leading companies operating in the soft tissue anchors market.


    Frequently Asked Questions

    What is the regional market scenario of the soft tissue anchors market?

    Global soft tissue anchors market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. In North America, the U.S. is the largest market for soft tissue anchors market during the forecast period. The presence of major market players and rising prevalence of sports injuries and increasing number of orthopedic procedures are the contributing factors for the regional growth. Additionally, increase in geriatric and obese population along with rising prevalence of orthopedic disorders are the key factor responsible for the Asia-Pacific regional growth for soft tissue anchors accounting fastest growth of the region during the coming years.

    Who are the key players in the soft tissue anchors market?

    Smith & Nephew Plc.; CONMED Corporation; Johnson & Johnson Services, Inc. (DePuy Synthes); Zimmer Biomet; Arthrex, Inc.; Stryker Corporation; Medtronic; Cook Medical LLC; Aju Pharm Co.,Ltd.; DJO, LLC (Colfax Corporation) are among the leading companies operating in the global soft tissue anchors market

    Which end user segment held the largest revenue (US$ Mn) in the soft tissue anchors market?

    The hospital segment dominated the global soft tissue anchors market and accounted for the largest revenue of 232.55 Mn in 2021.

    Which segment led the soft tissue anchors market?

    Based on type, absorbable segment took the forefront leaders in the worldwide market by accounting largest share in 2022 and is expected to continue to do so till the forecast period.

    What is meant by the soft tissue anchors market?

    Soft tissue anchors are soft tissue fixation devices generally used in orthopedic surgeries. Orthopedic bone fractures and injuries can be caused due to various reasons such as acute trauma, sports, and heavy physical activities. Sutures, anchors, interference screws are various fixation devices that are used for soft tissue fixation. Dislocation of the shoulder is a common occurrence among athletes, and the Arthroscopic Bankart Repair method using soft tissue anchors is the most preferred method for treating shoulder dislocation.

    What are the driving factors for the soft tissue anchors market across the globe?

    Increase in sports injuries, orthopedic surgeries, and significant growth in the geriatric and obese population are the most significant factors responsible for the overall market growth.

    Mrinal Kerhalkar
    Mrinal Kerhalkar
    Manager,
    Market Research & Consulting

    Mrinal is a seasoned research analyst with over 8 years of experience in Life Sciences Market Intelligence and Consulting. With a strategic mindset and unwavering commitment to excellence, she has built deep expertise in pharmaceutical forecasting, market opportunity assessment, and developing industry benchmarks. Her work is anchored in delivering actionable insights that empower clients to make informed strategic decisions.

    Mrinal’s core strength lies in translating complex quantitative datasets into meaningful business intelligence. Her analytical acumen is instrumental in shaping go-to-market (GTM) strategies and uncovering growth opportunities across the pharmaceutical and medical device sectors. As a trusted consultant, she consistently focuses on streamlining workflow processes and establishing best practices, thereby driving innovation and operational efficiency for her clients.

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    The List of Companies - Soft Tissue Anchors Market

    1. Smith & Nephew Plc.
    2. CONMED Corporation
    3. Johnson & Johnson Services, Inc. (DePuy Synthes)
    4. Zimmer Biomet
    5. Arthrex, Inc.
    6. Stryker Corporation
    7. Medtronic
    8. Cook Medical LLC
    9. Aju Pharm Co.,Ltd.
    10. DJO, LLC (Colfax Corporation)  
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