Soft Tissue Anchor Market

Soft Tissue Anchor Market Study by Absorbable and Non-Absorbable Metallic Suture Anchors, Bio-absorbable Suture Anchors, PEEK Sutures, All Suture, and Bio-composite Suture Anchors from 2024 to 2034

Analysis of Soft Tissue Anchor Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Soft Tissue Anchor Market Outlook (2024 to 2034)

The global soft tissue anchor market size is all set to reach a value of US$ 5.17 billion in 2024 and has been forecasted to expand at a CAGR of 5.3% to end up at US$ 8.7 billion by the end of 2034. Demand for soft tissue anchors is increasing as the medical sector focuses on advancements in surgical implants.

Due to several medical advancements, life expectancy has significantly increased, offering patients a variety of treatment options to consider. One such innovation is the creation of suture anchors, designed to secure soft tissues to bone using specialized suture material. These anchors enable swift and secure fixation and eliminate the need for extensive exposure during procedures.

Athletes often encounter injuries such as fractures and muscle ruptures while engaging in sports activities. In such cases, tissue anchors provide immediate assistance by affixing tendons, ligaments, and other soft tissues to the bone. Consequently, these suture anchors have become indispensable tools in sports medicine, driving the demand for soft tissue anchors across the medical industry.

Western Europe is known for participation in sports like football and rugby, thereby driving soft tissue anchor market growth in countries such as Germany, Italy, France, the United Kingdom, Spain, and the Nordic countries.

  • The United Kingdom market is projected to expand at a CAGR of 4.6% from 2024 to 2034.

Arthroscopy is a lucrative field that has been attracting investments due to its minimally invasive nature. This allows surgeons to visualize inside joints without extensive incisions. Suture anchors play a vital role in arthroscopic procedures for various specific reasons.

In shoulder surgery, suture anchors are extensively used to reattach torn rotator cuff tissue to bones. These anchors are inserted into the bone, whether employing screw mechanisms or interface fits like raw bolts. The material composition of these anchors ranges from metals to biodegradable materials that dissolve within the body over time. Surgeons opt for these anchors in ligament surgeries due to their diverse material qualities, thus contributing to the expansion of the soft tissue anchor market size.

Manufacturers in this market actively study human anatomy to make their tissue anchors more durable, effective, and efficient. With advancements in medical science, new techniques have been introduced to use these anchors to facilitate faster recovery with minimal side effects for patients.

Report Attributes Details
Soft Tissue Anchor Market Size (2024E) US$ 5.17 Billion
Forecasted Market Value (2034F) US$ 8.7 Billion
Global Market Growth Rate (2024 to 2034) 5.3% CAGR
Canada Market Growth Rate (2024 to 2034) 6.1% CAGR
Spain Market Value (2034F) US$ 185 Million
North America Market Share (2024E) 43.1%
Western Europe Market Share (2034F) 16.8%
Key Companies Profiled
  • Becton
  • Dickinson and Company
  • Smith & Nephew Plc
  • Stryker Corporation
  • Arthrex Inc.
  • Johnson & Johnson
  • Medtronic Plc.
  • Parcus Medical
  • Biotek Medical
  • Zimmer Biomet

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Which Aspects are Responsible for Steady Growth of the Soft Tissue Anchor Market?

“Rising Prevalence of Orthopedic Conditions among Aging Population”

Osteoarthritis, joint fusion, anterior cruciate ligament (ACL) injuries, and other orthopedic conditions are prevalent among the aging population.

  • The Center Orthopedic & Neurosurgical Care & Research predicts a significant increase in knee replacement surgeries by 2030.

Demand for soft tissue anchors is on the rise due to the growing number of orthopedic procedures. Preference for minimally invasive techniques offering benefits like quicker recovery and shorter hospital stays has fueled the demand for arthroscopic surgery.

  • Knee arthroscopy is a widely favored procedure, as noted by Harvard Medical School.

These trends are driving market growth, resulting in increased demand for soft tissue anchors. Suppliers are ramping up their manufacturing processes to meet this rise in demand.

“Extensive Participation in Sports Activities Increasing Susceptibility to Injuries”

Participation in sports for fitness has increased significantly, with a rising number of individuals adopting active lifestyles involving gym workouts and sports participation. This has led to a rise in sports-related injuries such as rotator cuff tears, ligament tears, and tendon ruptures.

  • The Hospital for Special Surgery highlights the prevalence of rotator cuff problems among Americans each year.

These conditions, which accumulate over time and are prevalent among athletes and the elderly, can result from trauma. The growth of the sports industry and a rise in governments across the world organizing sports tournaments have influenced the number of surgeries in healthcare facilities. This trend has created opportunities for tissue anchor suppliers to establish connections with hospitals and provide their products, thus driving market expansion.

What are the Hindrances to Market Expansion?

“Product Recalls Leading to Reduced Soft Tissue Anchor Adoption Rates”

Product recalls are a significant challenge to the growth of the market, as they impact companies financially and tarnish their brand image. This subsequently lowers the adoption rates of their products. The market for soft tissue anchors faces constraints due to prolonged and stringent product approval processes, leading to delays in licensing and device introduction.

Current suture methods have limitations. While strong sutures withstand tensile stresses during mobilization, they often rip through the soft tissue. Thinner sutures used to prevent tearing may not adequately withstand forces associated with mobilization, thus hindering market growth.

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Country-wise Evaluation

According to Fact.MR, a leading market intelligence provider, the market in Germany is forecasted to expand at a CAGR of 3.8% from 2024 to 2034. Manufacturers are keenly looking to many such lucrative markets including Italy and France to maximize their profits.

Why are Tissue Anchor Manufacturers Investing Substantially in the United States?

“Skilled Surgeons with Advanced Medical Infrastructure Attracting Manufacturers”

Attribute United States
Market Value (2024E) US$ 1.78 Billion
Growth Rate (2024 to 2034) 5.8% CAGR
Projected Value (2034F) US$ 3.14 Billion

The United States boasts highly skilled medical professionals trained in advanced medical schools. These medical professionals have earned a strong reputation and trust among customers. Patients actively seek treatment at these hospitals for faster recovery, significantly driving up demand for surgical tools, including soft tissue anchors. Therefore, the United States is one of the most commercially successful markets for suppliers of soft tissue anchors. Government initiatives such as medical insurance have made the market even more favorable for suppliers to engage in business.

Which Soft Tissue Anchor Market Trends are Beneficial for Manufacturers in Benelux?

“Government Initiatives Supporting Enhancement of Outpatient Facilities”

Attribute BENELUX
Market Value (2024E) US$ 91 Million
Growth Rate (2024 to 2034) 4.4% CAGR
Projected Value (2034F) US$ 141 Million

Growing use of cutting-edge medical technologies and an increase in orthopedic surgical operations are projected to fuel market growth. Throughout the forecast period, the increasing prevalence of chronic illnesses is projected to persist. Additionally, the market in Benelux is forecasted to exhibit growth in the coming years due to a well-established healthcare system and a continuously growing aging population. With osteoarthritis becoming more prevalent, soft tissue anchors are projected to find widespread applications.

Category-wise Evaluation

Which Type of Knot is Widely Preferred by Doctors During Surgeries?

“Preference for Knotless Suture Anchors Due to Their Role in Faster and Smoother Recovery”

Attribute Knotless Suture Anchors
Segment Value (2024E) US$ 3.47 Billion
Growth Rate (2024 to 2034) 5.1% CAGR
Projected Value (2034F) US$ 5.68 Billion

Knotless suture anchors provide versatility, speed, and security. Both the push lock and the swivel lock are available in the market in multiple sizes. Patients typically prefer knotless sutures because they lead to faster and smoother recovery. In response to this preference, suppliers in the market are boosting the production of sutures to establish dominance and cater to patient demand.

Which End User Accounts for a Leading Market Share?

“Rising Demand for Soft Tissue Anchors in Hospitals Due to Their Diverse Medical Services”

Attribute Hospitals
Segment Value (2024E) US$ 3.03 Billion
Growth Rate (2024 to 2034) 5.1% CAGR
Projected Value (2034F) US$ 4.97 Billion

Hospitals occupy a dominant soft tissue anchor market share compared to clinics and other emergency medical services, as hospitals consist of various departments with a large number of doctors working as a team. This is fueling demand for soft tissue anchors in hospitals. Manufacturers are collaborating with hospitals to meet this demand, expand their connections, and establish a robust customer base, thus contributing to the expansion of the soft tissue anchor market.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Competitive Rivalry

To gain a competitive advantage in the global soft tissue anchor market, manufacturers are employing several tactics and approaches to boost their sales. Acquiring a competitor's division and product certification are two of the major tactics employed by manufacturers. Key players in the soft tissue anchor market are adapting themselves to the evolving market trends such as the introduction of soft tissue allografts and advanced surgical sutures.

  • The United States Food and Drug Administration (FDA) approved the knotless suture anchor system CITREFIX for commercialization in February 2021. The system is constructed utilizing Acuitive Technologies' cutting-edge synthetic polymer, CITREGEN.
  • Smith & Nephew US$ 240 million purchased Integra LifeSciences Holdings Corporation's Extremity Orthopedics segment in January 2021.

Key Segments of Soft Tissue Anchor Market Research

  • By Product Type :

    • Absorbable
    • Non-Absorbable
  • By Material :

    • Metallic Suture Anchors
    • Bio-absorbable Suture Anchors
    • PEEK Suture
    • All-Suture
    • Bio-composite Suture Anchors
  • By Knot Type :

    • Knotted Suture Anchors
    • Knotless Suture Anchors
  • By End User :

    • Hospitals
    • Emergency Medical Services
    • Clinics
    • Ambulatory Surgical Centers
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

How big is the soft tissue anchor market size in 2024?

The global market for soft tissue anchors stands at US$ 5.17 billion in 2024.

What is the projected revenue from soft tissue anchor sales for 2034?

By the end of 2034, worldwide revenue from soft tissue anchor sales is projected to reach US$ 8.7 billion.

How fast are soft tissue anchor sales projected to increase?

Soft tissue anchor sales are forecasted to increase at 5.3% CAGR through 2034.

What is the sales forecast for soft tissue anchors in North America?

The market in North America are forecasted to increase at 5.9% CAGR from 2024 to 2034.

At what rate is the market projected to expand in Western Europe?

The market in Western Europe is projected to expand at a CAGR of 4% from 2024 to 2034.

At what rate are sales forecasted to rise in Spain?

Product sales in Spain are forecasted to rise at a CAGR of 4.2% from 2024 to 2034.

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Soft Tissue Anchor Market

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