Global Soft Tissue Anchors Market Overview:
A popular and essential surgical technique is soft tissue connection. Trephine bone plugs, suture drill holes, staples, and polyacetyl washers with screws are also examples of traditional approaches. Suture anchors are used to enable soft tissue to heal to bone in situations where there is insufficient soft tissue stock on the bone to do a direct soft tissue-to-soft tissue repair. One of the most significant advancements in arthroscopic glenohumeral shoulder surgery is suture anchor fixation, which improves the bond between bone and soft tissue at the rotator cuff footprint. Suture anchors are also used in most other musculoskeletal tissues, including the hip, forearm, wrist, knee, foot, and ankle, thanks to new inventions and techniques. Understanding the genetics and biomechanics that influence their application, as well as the factors that may affect the therapeutic outcome, is critical to their effectiveness. Some of the players profiled in the study are MedShape Inc. (United States), Arthrex (United States), Stryker Corp. (United States), C.R. Bard Inc. (United States), Integra LifeSciences Corporation (United States), Smith & Nephew plc. (United States), Depuy Synthes (United States), Tulpar Medical Solutions (Turkey), bmt GmbH (Germany) and VIMS (France).
On the basis of geography, the market of Soft Tissue Anchors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use, the sub-segment i.e. Hospitals will boost the Soft Tissue Anchors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Rising Growing Geriatric Population
- Prevalence of Sports Injuries among Professionals
- Increasing Number of Trained Physicians
Influencing Trend
- Growing Geriatric Population
- Technical Progress in Pharma Industry
Restraints
- Complex Surgical Procedures
Opportunities
- Heavy Investments in Research & Development
- Growth in Healthcare infrastructure Due to Pandemic
Challenges
- Regulatory Approval
- Market Penetration in Remote Regions
Key Market Developments:
On 11th September, 2019 - Fuse Medical (Emerging Medical Device Manufacturer) Launched Its Line of Suture Anchor, These Modern Suture Anchors Are Made of PEEK and Titanium and Are Used to Secure Ligaments, Tendons, Muscles, And Soft Tissue to The Bones of The Leg, Hip, Foot/Ankle, Elbow, And Hand/Wrist. and On 23rd February, 2021 - In2Bones Introduced its Innovative Range of Suture Anchors Called “Hercules” Along with “AlloAid” Wedges for Operations on The Lower Extremities. These Advanced Implant Solutions Add to The Company's Already Extensive Line of Pre-Sterilized And OR-Ready Extremity Devices.
United States, FDA “Bone Anchors - Premarket Notification (510(k)) Submissions” – Provides a Comprehensive list of Guidelines for Classification, Labelling and Manufacturing Quality Standards for Bone Anchor Manufacturers. Any New Entrant is Required to Match the FDA Standards for the Sale Across US. and European Union, Regulation 2017/745, Medical Device Regulations (MDR) “MDCG 2019-14” - Various Device Types Are Described by Their Design and Intended Purpose, As Well As the Production Methods and Technology Used, Such as Sterilisation and The Use of Nanomaterials Based on which a List of Codes are Provided for the Manufacturers to Abide to.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Target Audience:
Soft Tissue Anchor Manufactures, New Entrants and Investors, Soft Tissue Anchor Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Soft Tissue Anchors market on the basis of product [Suture Anchor (Small Joint, Rotator Cuff) and Structure Anchor (Calcaneal, Talo-Calcaneal, Biceps Tendon)] , application [Orthopedic Surgery, Breast Reconstruction, Hernia Repair, Skin Repair, Vaginal Sling Repair, Cardiovascular Surgery, Dental Reconstruction and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Soft Tissue Anchors market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Soft Tissue Anchors industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Aleda Makina (Turkey), Teknimed SA (France), Fuse Medical Inc. (United States), Wright Medical Group N.V. (Netherlands), In2Bones (United States) and Zimmer Biomet (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Soft Tissue Anchors market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.