The APAC soft tissue anchors market is expected to grow from US$ 119.20 million in 2022 to US$ 165.21 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2022 to 2028.
The soft tissue anchors market is characterized by the presence of many small and big companies. To increase their market share, companies are implementing various strategies, such as new product launches, regional expansion, R&D investments, and technological advancements. With continued innovation, technological advancements, and increasing R&D investments, soft tissue anchors are safe and advanced, resulting in increased acceptance of soft tissue anchors. Leading players are investing in R&D to develop advanced technologies and gain more share.
A few of the recent strategic activities in the soft tissue anchors market are mentioned below:
• In May 2022, Paragon 28, Inc. announced the expansion of its soft-tissue portfolio with the Grappler Suture Anchor System launch. The Grappler Suture Anchor System provides surgeons with an alternative fixation option to limit implant migration and tension loss for intraoperative tissue reattachment and fixation in the foot and ankle.
• In February 2021, In2Bones APAC Inc. released its Hercules Suture Anchor System and AlloAid Wedges for lower extremity surgeries. It provides an opportunity for sales acceleration with soft tissue fixation for the multi-billion sports medicine market. The system gives surgeons two PEEK-based implant families, Fully Threaded and Knotless.
The active participation of market players in product innovation and development and the rise in product approvals are likely to fuel the growth of the soft tissue anchors market in Asia Pacific in the coming years.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC soft tissue anchors market. The APAC soft tissue anchors market is expected to grow at a good CAGR during the forecast period.
APAC Soft Tissue Anchors Market Revenue and Forecast to 2028 (US$ Million)
APAC Soft Tissue Anchors Market Segmentation
The APAC soft tissue anchors market is segmented on the basis of type, typing type, material, end user and country. Based on type, the market is segmented into absorbable and non-absorbable. The absorbable segment dominated the market in 2022 and is expected to be fastest growing during forecast period. Based on typing type, the market is bifurcated into knotted & knotless. The knotless segment dominated the market in 2022 and is expected to be fastest growing during 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 and bio-composite suture anchor is expected to be fastest growing during forecast period. Based on end user, the market is segmented into hospitals, clinics, emergency medical services, and others. The emergency medical services segment dominated the market in 2022 and is expected to be fastest growing during forecast period. Based on country, the APAC soft tissue anchors market is segmented into China, Japan, India, South Korea, Australia, and Rest of APAC.
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 Biomet are among the leading companies in the APAC soft tissue anchors market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 119.20 Million |
| Market Size by 2028 | US$ 165.21 Million |
| CAGR (2022 - 2028) | 5.6% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia-Pacific Soft Tissue Anchors Market is valued at US$ 119.20 Million in 2022, it is projected to reach US$ 165.21 Million by 2028.
As per our report Asia-Pacific Soft Tissue Anchors Market, the market size is valued at US$ 119.20 Million in 2022, projecting it to reach US$ 165.21 Million by 2028. This translates to a CAGR of approximately 5.6% during the forecast period.
The Asia-Pacific Soft Tissue Anchors Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia-Pacific Soft Tissue Anchors Market report:
The Asia-Pacific Soft Tissue Anchors Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia-Pacific Soft Tissue Anchors Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia-Pacific Soft Tissue Anchors Market value chain can benefit from the information contained in a comprehensive market report.
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