Award winning market research company Fact.MR’s ongoing study forecasts an optimistic outlook for knotless suture anchors market through 2021 and beyond. Increasing demand for minimally invasive surgeries and increased arthroscopic procedures among geriatric population is expected to improve the demand of knotless suture anchors market. As joint and shoulder deformities continue to increase in ageing population, healthcare providers are likely to augment spending on providing highly advanced medical devices such as suture anchors, widening growth prospects.
Manufacturers of knotless suture anchors are most likely to discover potential revenue pools across developed nations. A 2020 study estimates that geriatric population is anticipated to contribute around 16% of the world’s population in the upcoming decade, which is especially high in countries such as United States, UK and Germany. Also, advanced healthcare infrastructure and increased healthcare spending among the ageing population is quite high across Europe and North America.
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The global knotless suture anchors market will register a steady growth owing to general growth in the geriatric population worldwide. Preference for absorbable knotless suture anchors is likely to swell to avail a successful and more precise outcomes as compared to the non-absorbable knotless suture anchors. Furthermore, increasing number of trauma injuries on shoulders and joints is propelling the demand of knotless suture anchors. Also, manufacturers are implementing advanced technology to develop latest technology products which will drive the growth of knotless suture anchors market.
“With increasing cases of joint and shoulder deformities and growing demand for minimally invasive surgeries, prominent market players are scrambling to augment their existing research and development capacities in order to introduce new approaches, thus bolstering growth prospects,” remarks the Fact.MR analyst.
Key Takeaways from Fact.MR’s Knotless suture anchors Market Study
Prominent Drivers
Key Restraints
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Key Segments of Global Knotless Suture Anchors Market Covered in the Report
Based on physical form, the Global Knotless Suture Anchors Market has been segmented as
Based on the Suture Anchor type, the Global Knotless Suture Anchors Market has been segmented as
Based on the end-user, the Global Knotless Suture Anchors Market has been segmented as
Competitive Landscape
Key players such as
others are actively involved in offering knotless suture anchors for different applications.
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