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 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.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 295.54 Million |
| Market Size by 2028 | US$ 402.86 Million |
| CAGR (2022 - 2028) | 5.3% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
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.
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.
The North America 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 North America Soft Tissue Anchors Market report:
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:
The North America Soft Tissue Anchors Market report is valuable for diverse stakeholders, including:
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.
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