Report Code: A12665 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Knotless Suture Anchors Market
Request Now !Knotless suture anchors assist the procedure to be less invasive involving a shorter recovery time. Arthroscopy is the treatment of joint damage by practicing the minimally invasive procedure. One of the major challenges of this method is to tie consistent and good-quality arthroscopic knots and the time-consuming procedure. So, knotless suture anchors were introduced to make the arthroscopic bankart repair simpler. This tail end consists of the short loop of the suture. The knotless suture anchors have contributed towards providing versatility and reducing the time spent to perform the procedure. The knotless suture anchors market is anticipated to mark a growth in demand in the coming years due to the shift of demand towards high-quality joint procedures.
COVID-19 Impact analysis
COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome corona virus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
There has been an increase in the demand for medical supplies to take care of infected population. Respiratory support devices such as atomizers, life-support machines, oxygen generators, and monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. There is an increase in the need for medical supplies, both from healthcare professionals and civil population for precautionary measures, owing to the rise in number of COVID-19 cases worldwide. Manufacturers of these products have a chance to capitalize this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Therefore, COVID 19 is expected to have a significant impact on the knotless suture anchors market.
Top Impacting Factors
Knotless Suture Anchors Market Trends
New product launches to flourish the market
Key players are concentrating on launching innovative products to expand their product portfolio for market enlargement.
In February 2021, In2Bones Global Inc. launched “Hercules Suture Anchor System". Hercules Suture Anchor System has a unique knotless suture anchor and is comprised of radiolucent PEEK material.
In September 2020, Smith & Nephew announced the launch of “Healicoil Knotless Suture Anchor”. This product is composed of regenesorb a bio-composite material that leads to the absorption of the implant in 24 hours.
Key Benefits of the Report
Questions answered in the knotless suture anchors Report
Knotless Suture Anchors Market Report Highlights
Aspects | Details |
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By Physical Form |
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By Suture Anchor Type |
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By End User |
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By Region |
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Key Market Players | Stryker Corporation, Smith and Nephew Plc., ConMed Corporation, ArthrexInc., Medtronic Plc., Zimmer Biomet Holdings Inc., Wright Medical Group N.V., Johnson and Johnson, In2Bones Global Inc., Parcus Medical LLC |
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