Suture Anchor Devices Market- Growth, Trends, Covid-19 Impact, And Forecasts (2022 - 2027)

The suture anchor devices market is segmented by Product Types (Absorbable and Non-Absorbable), By Material Type (Metallic Suture Anchor, Bio-absorbable Suture Anchor, and Others ), By Tying Type (Knotted, Knotless, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America). The report offers the value (in USD million) for the above segments.

Market Snapshot

Suture Anchor Devices Market Size
Study Period: 2019-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: North America
CAGR: 5.5 %

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Market Overview

The suture anchor devices market is projected to register a CAGR of 5.5% during the forecast period, 2022–2027.

Since the pandemic's beginning, the healthcare system has been affected drastically due to the cancellation of surgeries, delayed appointments, and long wait times, among others. The surgical procedures have been delayed, and the number of surgical procedures has decreased. A study published by the National Library of Medicine in December 2021 showed that the overall rate of surgical procedures decreased by 48.0% during the initial shutdown of elective procedures compared with the same period in 2019 in the United States. This decline in surgical procedures also led to a decreased demand for suture anchor devices.

However, the rise in the hospital admission of chronic disease patients and increased trauma cases has increased the demand for surgeries globally. And this is anticipated to increase the demand for usage and adoption of surgical sutures as many orthopedic, alimentary, ophthalmic cases and several other parts of the body require surgical suturing in case of surgeries. The data updated by the Australian government in June 2022 shows that injuries are a significant healthcare concern in Australia. Injury-related hospitalizations recently accounted for about 527,000 admissions and 7.6% (USD 8.9 billion) of Australia's total health spending. Thus, such a burden of injury is expected to increase the need for suture anchor devices used to treat soft tissues and related injuries. Thereby expected to drive the growth of the market studied. Therefore, an increase in the number of surgeries influenced the demand for suture anchor devices, positively affecting the growth of the studied market.

Moreover, sports injuries are a major concern during sports or exercise. Sports injuries involve the musculoskeletal system, which includes muscles, tendons, ligaments, fascia, nerves, bones, and tissues. Sports injuries are primarily caused by falls, overexertion, and fractures. The most common sites of injury during sports and recreational activities are the lower extremities, upper extremity, and head and neck. For instance, as per Johns Hopkins University, in 2021, in the United States, about 30 million children and teens will participate in some form of organized sports, and over 3.5 million injuries are reported yearly. More than 3.5 million children ages 14 and younger get hurt annually while playing sports or participating in recreational activities. Hence, the rise in the prevalence of sports injuries is expected to drive the global suture anchor market.

Therefore, owing to the above factors, the suture anchor device market is anticipated to witness growth over the analysis period.

Scope of the Report

As per the scope of this report, suture anchors are broadly used for attaching soft tissue (e.g., tendons, ligaments, and meniscus) to the bone and have become essential devices in sports medicine and during arthroscopic surgery. The suture anchor devices market is segmented by Product Types (Absorbable and Non-Absorbable), By Material Type (Metallic Suture Anchor, Bio-absorbable Suture Anchor, and Others), By Tying Type (Knotted, Knotless, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Product Type
By Material Type
Metallic Suture Anchor
Bio-absorbable Suture Anchor
By Tying Type
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Middle-East and Africa
South Africa
Rest of Middle-East and Africa
South America
Rest of South America

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Key Market Trends

Knotless Segment is Expected to Hold a Major Market Share in the Suture Anchor Devices Market

The knotless suture anchor has a short loop of suture secured to the tail end of the anchor. These knotless anchors provide versatility, speed, and security in knotless rotator cuff and instability repair. Thus, owing to these advantages over other tying types, the segment is anticipated to grow over the forecast period.

Due to the low-profile suture materials and lack of knots, knotless suture anchors have the advantages of being simpler to use with modern devices and less likely to damage cartilage while still providing adequate knot security and tension, as mentioned in the research article "Knot-Tying versus Knotless Suture Anchors for Arthroscopic Bankart Repair: A Comparative Study" published in July 2021. Additionally, the knotless suture anchors have decreased the time consumed to perform the procedure and provided versatility. Therefore, with the shift of demand towards high-quality joint procedures, the knotless suture anchor segment is expected to increase in demand in the coming years.

Key players are concentrating on launching innovative products to expand their product portfolios for market enlargement. For instance, in February 2021, Acuitive Technologies received clearance from the United States Food and Drug Administration (FDA) to market the CITREFIX Knotless Suture Anchor System with CITREGEN material technology, a new generation bioresorbable synthetic polymer. Furthermore, in February 2021, In2Bones Global Inc. launched the "Hercules Suture Anchor System" with a unique knotless suture anchor and radiolucent PEEK material. In addition, in March 2021, Smith+Nephew entered into a marketing collaboration with Movendo Technology (Genoa, Italy) that is believed to add personalized robotic rehabilitation capability to the company's technological solutions. This collaboration is projected to create a fully digitized pathway for the patients from the very first to the last stage. The technology is expected to work on 130 different parameters and offer a personalized patient recovery program to strengthen the joint's articulation. Such advances in the segment are expected to drive the segment's growth.

Thus, the segment is expected to witness significant growth over the forecast period due to the above-mentioned developments.


North America is Expected to Dominate the Market Over the Forecast Period

North America is one of the major contributors to the studied market, owing to the rise in musculoskeletal disorders and growing cases of sports-related injuries, bariatric surgeries, and chronic diseases in the region. Furthermore, an article published by the Ohio State University in 2021, titled "Arm Injury Statistics," reported that 6 million people in the United States break a bone each year. In those adults over age 75, hip fractures become the most common broken bone. Fractures account for 16% of all musculoskeletal injuries in the United States annually. More than 40% of fractures occur at home. Musculoskeletal issues among the senior population are another factor contributing to the growth of the suture anchor device market, which increases the demand for suture anchor devices, and this is expected to drive the growth of the market in the region.

In addition, according to Centre of Disease Control and Prevention (CDC) data updated in March 2022, the number of emergency department visits was 130 million, and the number of injury-related visits was 35 million in the United States in 2021. This number of emergency visits, coupled with an increased number of injuries, is expected to lead to increased adoption of suture anchor devices used for treatment in the United States, thereby expected to drive the growth of the studied market.

Along with this, the leading players in the United States are constantly innovating with technologically advanced devices. For instance, in July 2022, Smith+Nephew, one of the medical technology companies, showcased a robust product portfolio of products featuring several of its advanced joint repair solutions, including suture anchor devices, during the 2022 American Orthopaedic Society for Sports Medicine (AOSSM) Annual Meeting, which was held in Colorado Springs during July 13-17, 2022. These advances, in turn, are increasing the adoption of these devices in healthcare settings and growing the market significantly in this region.

Therefore, owing to the abovementioned factors, the market studied is anticipated to drive market growth over the forecast period.


Competitive Landscape

The suture anchor devices market is competitive and consists of several major players. In terms of market share, a few major players dominate the market. Some of the companies which are currently dominating the market are Smith & Nephew plc, Zimmer Biomet Holdings, ConMed Corporation, Arthrex, Inc., Johnson & Johnson (DePuy Synthes, Inc.), Medtronic plc, Stryker Corporation, Parcus Medical, LLC., Wright Medical, Orthomed, Teknimed, Enovis, and others.

Recent Developments

In May 2022, Paragon 28, Inc. announced an expansion of its soft-tissue portfolio with its Grappler Suture Anchor System launch. The Grappler Suture Anchor System provides surgeons with an alternative fixation option designed to limit implant migration and loss of tension for intraoperative tissue reattachment and fixation in the foot and ankle.

In March 2022, the United States Food and Drug Administration cleared Ossio’s OssioFiber suture anchors for bone fixation.

Table of Contents


    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Orthopedic injuries in geriatric population

      2. 4.2.2 Demand for minimally-invasive surgeries

      3. 4.2.3 Rising Number of Sports Accidents

    3. 4.3 Market Restraints

      1. 4.3.1 Varying degree of tissue reaction

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value – USD million)

    1. 5.1 By Product Type

      1. 5.1.1 Absorbable

      2. 5.1.2 Non-Absorbable

    2. 5.2 By Material Type

      1. 5.2.1 Metallic Suture Anchor

      2. 5.2.2 Bio-absorbable Suture Anchor

      3. 5.2.3 Others

    3. 5.3 By Tying Type

      1. 5.3.1 Knotted

      2. 5.3.2 Knotless

      3. 5.3.3 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. United States

        2. Canada

        3. Mexico

      2. 5.4.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. GCC

        2. South Africa

        3. Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Company Profiles

      1. 6.1.1 Smith & Nephew plc

      2. 6.1.2 Zimmer Biomet Holdings

      3. 6.1.3 ConMed Corporation

      4. 6.1.4 Arthrex, Inc.

      5. 6.1.5 Johnson and Johnson (DePuy Synthes, Inc.)

      6. 6.1.6 Medtronic plc.

      7. 6.1.7 Stryker Corporation

      8. 6.1.8 Parcus Medical, LLC.

      9. 6.1.9 Wright Medical

      10. 6.1.10 Orthomed

      11. 6.1.11 Teknimed

      12. 6.1.12 Enovis

    2. *List Not Exhaustive

**Competitive Landscape Covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Global Suture Anchor Devices Market market is studied from 2019 - 2027.

The Global Suture Anchor Devices Market is growing at a CAGR of 5.5% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Smith & Nephew plc, Zimmer Biomet Holdings, ConMed Corporation, Arthrex, Inc., Johnson and Johnson (DePuy Synthes, Inc.) are the major companies operating in Global Suture Anchor Devices Market.

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