Valuation of Suture Anchors Market to Reach US$ 1.17 Bn by 2031; Advancements in Designs and Materials of Biodegradable Suture Anchors to Open New Frontiers in Sports Medicine and Arthroscopic Procedures, Says TMR

- Advent of knotless anchors that promote long-term clinical and functional outcomes benefitting target population in the suture anchors market, especially in shoulder arthroscopy

- Constant demand for products with advanced designs and better composite biodegradable materials in suture anchors drives innovation; Asia Pacific to offer sizable revenue streams

ALBANY, N.Y., Dec. 6, 2021 /PRNewswire/ -- The application of suture anchors in a range of orthopedic surgeries has gained pace notably for sports medicine and during arthroscopy. Enormous advancements in their design, especially in eyelets, and constant innovation in the anchor suture interface have helped orthopedic surgeons achieve simple and effective mechanical fixation of soft tissues to the bone.

Surgeons are becoming conversant about biomechanical and design characteristics of the various currently available products in the suture anchors market to choose the most apt product for the target population. Both open and arthroscopic surgeries have benefitted with improvements in insertion techniques, with manufacturers trying new compositions of materials. A range of alloys and biomaterials are used in mechanical and biodegradable anchors, respectively.

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The advent of knotless anchors is offering a game-changing potential for industry players, finds the TMR study on the suture anchors market. The global suture anchors market is estimated to advance at CAGR of 5.48% during 2021–2031 (forecast period), and reach valuation of US$ 1.17 Bn by 2031 from US$ 656.5 Mn in 2020. Biodegradable suture anchors are witnessing tremendous commercialization potential due to the need for advancements in shoulder arthroscopy. 

Key Findings of Suture Anchors Market Study

• Biodegradable Anchors Attract Considerable Attention in Sports Medicine: Biodegradable anchors have opened a new frontier in orthopedic surgeries, particularly in rotator cuff repairs. In contrast to metallic suture anchors, biodegradable anchors are compatible with modern diagnostic imaging modalities such as in computed tomography scans and magnetic resonance imaging (MRI). In sports injuries, new product designs and bio-composite materials are gaining adoption in sports medicine, as they boost physiologic healing, maintain adequate mechanical strength, and reduce post-operative complications in the patient population. In particular, the growing demand for suture anchors that reduce inflammatory reactions, prevalence of peri-anchor cystic formation, and prevent unexpected and difficult revision surgeries has enriched the growth prospects of the suture anchors market.

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