North America Soft Tissue Anchors Market

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

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 Others), and End User (Hospitals, Clinics, Emergency Medical Services, and Others) 


No. of Pages: 141    |    Report Code: BMIRE00027001    |    Category: Life Sciences

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North America Soft Tissue Anchors Market

The North America soft tissue anchors market is expected to grow from US$ 295.54 million in 2022 to US$ 402.86 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2022 to 2028.

 

 With this, people's life expectancy in these countries has increased, leading to an expansion in the geriatric population. According to the data presented by the WHO, the population aged 60 years and above was 1 billion in 2019, which is expected to reach 1.4 billion by 2030 and 2.1 by 2050. Furthermore, a report by the US Census Bureau states that the number of people in the US aged 65 and above is anticipated to grow from 46 million in 2016 to more than 98 million by 2060. Their population share is anticipated to surge from ~15% to ~24% during this period. The rise in the geriatric population has increased the prevalence of various orthopedic conditions, such as osteoarthritis, joint pain, and joint replacement, that are expected to propel the demand for soft tissue anchors. Also, obesity is a major cause of orthopedic injuries. Obese people are more prone to orthopedic conditions such as soft tissue damage, and osteoarthritis. Thus, the increase in the elderly and obese population across the region supports the growth of the soft tissue anchors market in North America.

 

By launching new features and technologies, vendors in the North America soft tissue anchors market can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the market at a good CAGR during the forecast period.   

 

North America Soft Tissue Anchors Market Revenue and Forecast to 2028 (US$ Million) 

North America Soft Tissue Anchors Market Revenue and Forecast to 2028 (US$ Million) 
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North America Soft Tissue Anchors Strategic Insights

Strategic insights for the North America Soft Tissue Anchors provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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North America Soft Tissue Anchors Report Scope

Report Attribute Details
Market size in 2022 US$ 295.54 Million
Market Size by 2028 US$ 402.86 Million
Global CAGR (2022 - 2028) 5.3%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By Type
  • Absorbable
  • Non-Absorbable
By Tying Type
  • Knotted
  • Knotless
By Material
  • Metallic Suture Anchor
  • Bio-Absorbable Suture Anchor
  • PEEK Suture Anchor
  • Bio-Composite Suture Anchor
By End User
  • Hospitals
  • Clinics
  • Emergency Medical Services
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • Aju Pharm Co., Ltd.
  • Arthrex, Inc.
  • CONMED Corporation
  • Cook Medical LLC
  • DJO, LLC (Colfax Corporation)
  • Johnson & Johnson Services, Inc. (DePuy Synthes)
  • Medtronic
  • Smith & Nephew Plc.
  • Stryker Corporation
  • Zimmer Biomet
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    North America Soft Tissue Anchors Regional Insights

    The geographic scope of the North America Soft Tissue Anchors refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    North America Soft Tissue Anchors Market Segmentation     

    The North America soft tissue anchors market is segmented on the basis of type, typing type, material, end user, and country. Based on type, the market is bifurcated into absorbable and non-absorbable. The absorbable segment dominated the market in 2022, and the market for the same segment is expected to grow at a faster pace during the forecast period. Based on typing type, the market is bifurcated into knotted and knotless. The knotless segment dominated the market in 2022, and the market for the same segment is expected to grow at a faster pace during the forecast period. Based on material, the market is segmented into metallic suture anchor, bioabsorbable suture anchor, PEEK suture anchor, bio-composite suture anchor, and others. The PEEK suture anchor segment dominated the market in 2022. However, the market for the bio-composite suture anchor segment is expected to grow at the fastest rate during the forecast period. Based on end user, the North America soft tissue anchors market is segmented into hospitals, clinics, emergency medical services, and others. The emergency medical services segment dominated the market in 2022, and the market for this segment is expected to grow at the fastest rate during the forecast period. Based on country, the market is segmented into the US, Canada, and Mexico.     

     

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

    The List of Companies - North America Soft Tissue Anchors Market

    1. Aju Pharm Co., Ltd.
    2. Arthrex, Inc.
    3. CONMED Corporation
    4. Cook Medical LLC
    5. DJO, LLC (Colfax Corporation)
    6. Johnson & Johnson Services, Inc. (DePuy Synthes)
    7. Medtronic
    8. Smith & Nephew Plc.
    9. Stryker Corporation
    10. Zimmer Biomet
    Frequently Asked Questions
    How big is the North America Soft Tissue Anchors Market?

    The North America Soft Tissue Anchors Market is valued at US$ 295.54 Million in 2022, it is projected to reach US$ 402.86 Million by 2028.

    What is the CAGR for North America Soft Tissue Anchors Market by (2022 - 2028)?

    As per our report North America Soft Tissue Anchors Market, the market size is valued at US$ 295.54 Million in 2022, projecting it to reach US$ 402.86 Million by 2028. This translates to a CAGR of approximately 5.3% during the forecast period.

    What segments are covered in this report?

    The North America Soft Tissue Anchors Market report typically cover these key segments-

  • Type (Absorbable, Non-Absorbable)
  • Tying Type (Knotted, Knotless)
  • Material (Metallic Suture Anchor, Bio-Absorbable Suture Anchor, PEEK Suture Anchor, Bio-Composite Suture Anchor)
  • What is the historic period, base year, and forecast period taken for North America Soft Tissue Anchors Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Soft Tissue Anchors Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2028
  • Who are the major players in North America Soft Tissue Anchors Market?

    The North America Soft Tissue Anchors Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Aju Pharm Co., Ltd.
  • Arthrex, Inc.
  • CONMED Corporation
  • Cook Medical LLC
  • DJO, LLC (Colfax Corporation)
  • Johnson & Johnson Services, Inc. (DePuy Synthes)
  • Medtronic
  • Smith & Nephew Plc.
  • Stryker Corporation
  • Zimmer Biomet
  • Who should buy this report?

    The North America Soft Tissue Anchors Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the North America Soft Tissue Anchors Market value chain can benefit from the information contained in a comprehensive market report.