The Europe soft tissue anchors market is expected to grow from US$191.65 million in 2022 to US$ 253.98 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2022 to 2028.
Large population is opting for an active lifestyle, which increased physical activities such as gymming and sports. This has led to a surge in the incidence of sports-related injuries such as rotator cuff injuries, ligament tears, and tendon rupture. Rotator cuff conditions develop over the time and are common among athletes and the geriatric population. These injuries can cause trauma. Thus, an increase in interest in sports and physical activities is expected to create demand for soft tissue anchors and contribute to the market growth in the coming years. Further, the increasing geriatric population is highly prone to various orthopedic conditions, such as joint disorders, anterior cruciate ligament (ACL) injuries, joint fusion, and osteoarthritis. As per The Center Orthopedic & Neurosurgical Care & Research, total knee replacement surgeries are projected to grow at a significant rate to reach 3.5 million procedures per year by 2030. Increase in the number of orthopedic surgeries creates the demand for soft tissue anchors. Additionally, the rising demand for minimally invasive procedures has led to an increase in arthroscopic surgeries owing to its various advantages such as faster recovery and short hospital stay. According to Harvard Medical School, knee arthroscopy is one of the most common surgeries performed on a large scale, and every year ~750,000 arthroscopic knee operations are performed in the US with a total cost of US$ 4 billion. Moreover, an increase in road accidents and trauma cases are expected to raise the number of orthopedic surgeries in the coming years. Thus, the high adoption rate of an active lifestyle, increase in sports activities and sports injuries, surge in orthopedic surgeries owing to the large geriatric population, and rise in trauma cases drive the growth of the soft tissue anchors market.
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 Europe soft tissue anchors market . The Europe soft tissue anchors market is expected to grow at a good CAGR during the forecast period.
Europe Soft Tissue Anchors Market Revenue and Forecast to 2028 (US$ Million)
Europe Soft Tissue Anchors Market Segmentation
The Europe 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 Europe soft tissue anchors market is segmented into France, the UK, Germany, Italy, Spain, and the Rest of Europe.
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 Europe soft tissue anchors market.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Soft Tissue Anchors Market – By Type
1.3.2 Europe Soft Tissue Anchors Market – By Tying Type
1.3.3 Europe Soft Tissue Anchors Market – By Material
1.3.4 Europe Soft Tissue Anchors Market – By End User
1.3.5 Europe Soft Tissue Anchors Market – By Country
2. Europe Soft Tissue Anchors Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Soft Tissue Anchors Market – Market Landscape
4.1 Overview
4.2 Europe PEST Analysis
4.2.1 Expert Opinion
5. Europe Soft Tissue Anchors Market– Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Sports Injuries and Orthopaedic Surgeries
5.1.2 Significant Rise in Elderly and Obese Population
5.2 Market Restraints
5.2.1 High Cost of Surgeries and Unfavorable Reimbursement Scenarios
5.3 Market Opportunities
5.3.1 High Adoption of Soft Tissue Anchors in Emerging Economies
5.4 Future Trends
5.4.1 Increase in R&D Investments and Product Launches
5.5 Impact Analysis
6. Soft Tissue Anchors Market– Europe Analysis
6.1 Europe Soft Tissue Anchors Market Revenue Forecast and Analysis
7. Europe Soft Tissue Anchors Market Analysis – By Type
7.1 Overview
7.2 Europe Soft Tissue Anchors Market Revenue Share, by Type (2022 and 2028)
7.3 Absorbable
7.3.1 Overview
7.3.2 Absorbable: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Non-Absorbable
7.4.1 Overview
7.4.2 Non-Absorbable: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Soft Tissue Anchors Market Analysis – By Tying Type
8.1 Overview
8.2 Europe Soft Tissue Anchors Market Revenue Share, by Tying Type (2022 and 2028)
8.3 Knotted
8.3.1 Overview
8.3.2 Knotted: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Knotless
8.4.1 Overview
8.4.2 Knotless: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Soft Tissue Anchors Market Analysis – By Material
9.1 Overview
9.2 Europe Soft Tissue Anchors Market Revenue Share, by Material (2022 and 2028)
9.3 Metallic Suture Anchor
9.3.1 Overview
9.3.2 Metallic Suture Anchor: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Bioabsorbable Suture Anchor
9.4.1 Overview
9.4.2 Bioabsorbable Suture Anchor: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
9.5 PEEK Suture Anchor
9.5.1 Overview
9.5.2 PEEK Suture Anchor: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Bio-Composite Suture Anchor
9.6.1 Overview
9.6.2 Bio-Composite Suture Anchor: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
10. Europe Soft Tissue Anchors Market – By End User
10.1 Overview
10.2 Europe Soft Tissue Anchors Market, by End User, 2022 and 2028 (%)
10.3 Hospitals
10.3.1 Overview
10.3.2 Hospitals: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Clinics
10.4.1 Overview
10.4.2 Clinics: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Emergency Medical Services
10.5.1 Overview
10.5.2 Emergency Medical Services: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
11. Europe Soft Tissue Anchors Market Revenue and Forecasts to 2028 – Country Analysis
11.1 Overview
11.1.1 Europe: Soft Tissue Anchors Market, by Country, 2022 & 2028 (%)
11.1.1.1 Germany: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Overview
11.1.1.1.2 Germany: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.3 Germany: Soft Tissue Anchors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.4 Germany: Soft Tissue Anchors Market, by Typing Type– Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.5 Germany: Soft Tissue Anchors Market, by Material– Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.6 Germany: Soft Tissue Anchors Market, by End User– Revenue and Forecast to 2028 (US$ Million)
11.1.1.2 France: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Overview
11.1.1.2.2 France: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.3 France: Soft Tissue Anchors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.4 France: Soft Tissue Anchors Market, by Typing Type– Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.5 France: Soft Tissue Anchors Market, by Material– Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.6 France: Soft Tissue Anchors Market, by End User– Revenue and Forecast to 2028 (US$ Million)
11.1.1.3 UK: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Overview
11.1.1.3.2 UK: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.3 UK: Soft Tissue Anchors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.4 UK: Soft Tissue Anchors Market, by Typing Type– Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.5 UK: Soft Tissue Anchors Market, by Material– Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.6 UK: Soft Tissue Anchors Market, by End User– Revenue and Forecast to 2028 (US$ Million)
11.1.1.4 Italy: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Overview
11.1.1.4.2 Italy: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.3 Italy: Soft Tissue Anchors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.4 Italy: Soft Tissue Anchors Market, by Typing Type– Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.5 Italy: Soft Tissue Anchors Market, by Material– Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.6 Italy: Soft Tissue Anchors Market, by End User– Revenue and Forecast to 2028 (US$ Million)
11.1.1.5 Spain: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 Overview
11.1.1.5.2 Spain: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.3 Spain: Soft Tissue Anchors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.4 Spain: Soft Tissue Anchors Market, by Typing Type– Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.5 Spain: Soft Tissue Anchors Market, by Material– Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.6 Spain: Soft Tissue Anchors Market, by End User– Revenue and Forecast to 2028 (US$ Million)
11.1.1.6 Rest of Europe: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Overview
11.1.1.6.2 Rest of Europe: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.3 Rest of Europe: Soft Tissue Anchors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.4 Rest of Europe: Soft Tissue Anchors Market, by Typing Type– Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.5 Rest of Europe: Soft Tissue Anchors Market, by Material– Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.6 Rest of Europe: Soft Tissue Anchors Market, by End User– Revenue and Forecast to 2028 (US$ Million)
12. Soft Tissue Anchors Market–Industry Landscape
12.1 Overview
12.2 Inorganic Growth Strategies
12.2.1 Overview
12.3 Organic Growth Strategies
12.3.1 Overview
13. Company Profiles
13.1 Smith & Nephew Plc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 CONMED Corporation
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Johnson & Johnson Services, Inc. (DePuy Synthes)
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Zimmer Biomet
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Arthrex, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Stryker Corporation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Medtronic
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Cook Medical LLC
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Aju Pharm Co., Ltd.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 DJO, LLC (Colfax Corporation)
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Soft Tissue Anchors Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany: Soft Tissue Anchors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Soft Tissue Anchors Market, by Typing Type– Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Soft Tissue Anchors Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Soft Tissue Anchors Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 6. France: Soft Tissue Anchors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Soft Tissue Anchors Market, by Typing Type– Revenue and Forecast to 2028 (US$ Million)
Table 8. France: Soft Tissue Anchors Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 9. France: Soft Tissue Anchors Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 10. UK: Soft Tissue Anchors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 11. UK: Soft Tissue Anchors Market, by Typing Type– Revenue and Forecast to 2028 (US$ Million)
Table 12. UK: Soft Tissue Anchors Market, by Material– Revenue and Forecast to 2028 (US$ Million)
Table 13. UK: Soft Tissue Anchors Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 14. Italy: Soft Tissue Anchors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 15. Italy: Soft Tissue Anchors Market, by Typing Type– Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy: Soft Tissue Anchors Market, by Material– Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy: Soft Tissue Anchors Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 18. Spain: Soft Tissue Anchors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 19. Spain: Soft Tissue Anchors Market, by Typing Type– Revenue and Forecast to 2028 (US$ Million)
Table 20. Spain: Soft Tissue Anchors Market, by Material– Revenue and Forecast to 2028 (US$ Million)
Table 21. Spain: Soft Tissue Anchors Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe: Soft Tissue Anchors Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe: Soft Tissue Anchors Market, by Typing Type– Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe: Soft Tissue Anchors Market, by Material– Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe: Soft Tissue Anchors Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 26. Recent Inorganic Growth Strategies in the Soft Tissue Anchors Market
Table 27. Recent Organic Growth Strategies in the Soft Tissue Anchors Market
Table 28. Glossary of Terms
LIST OF FIGURES
Figure 1. Europe Soft Tissue Anchors Market Segmentation
Figure 2. Europe Soft Tissue Anchors Market Segmentation, By Country
Figure 3. Europe Soft Tissue Anchors Market Overview
Figure 4. The Absorbable Segment Held Largest Share of Type Segment in Soft Tissue Anchors Market
Figure 5. Germany Is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Europe PEST Analysis
Figure 7. Expert Opinion
Figure 8. Europe Soft Tissue Anchors Market Impact Analysis of Drivers and Restraints
Figure 9. Europe Soft Tissue Anchors Market– Revenue Forecast and Analysis – 2021 – 2028
Figure 10. Europe Soft Tissue Anchors Market Revenue Share, by Type (2022 and 2028)
Figure 11. Europe Absorbable: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe Non-Absorbable: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Soft Tissue Anchors Market Revenue Share, by Tying Type (2022 and 2028)
Figure 14. Europe Knotted: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Knotless: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Soft Tissue Anchors Market Revenue Share, by Material (2022 and 2028)
Figure 17. Europe Metallic Suture Anchor: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Bioabsorbable Suture Anchor: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe PEEK Suture Anchor: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Bio-Composite Suture Anchor: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Others: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Soft Tissue Anchors Market, by End User, 2022 and 2028 (%)
Figure 23. Europe Hospitals: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe Clinics: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe Emergency Medical Services: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Europe Others: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Europe: Soft Tissue Anchors Market, by Key Country – Revenue (2022) (US$ Million)
Figure 28. Europe: Soft Tissue Anchors Market, by Country, 2022 & 2028 (%)
Figure 29. Germany: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. France: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. UK: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Italy: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Spain: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Rest of Europe: Soft Tissue Anchors Market – Revenue and Forecast to 2028 (US$ Million)
● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe soft tissue anchors market.
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the Europe soft tissue anchors market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the soft tissue anchors market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
The List of Companies – Europe Soft Tissue Anchors Market
● 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
● Zimmer Biomet
At 4.8% CAGR, the Europe Soft Tissue Anchors Market is speculated to be worth US$ 253.98 million by 2028, says The Insight Partners
According to The Insight Partners’ research, the Europe soft tissue anchors market was valued at US$ 191.65 million in 2022 and is expected to reach US$ 253.98 million by 2028, registering an annual growth rate of 4.8% from 2022 to 2028. Significant rise in elderly and obese population and increasing sports injuries and orthopedic surgeries growth are the critical factors attributed to the market expansion.
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 the end of 2030 and 2.1 by the end of 2050. Another report, published by Eurostat, states that Europe had the world’s highest percentage (20.8%) of people aged more than 60 years in 2021. Thus, the increase in the geriatric population has increased the prevalence of various orthopedic conditions such as osteoarthritis, joint pain, joint replacement, and others that are expected to increase the demand for soft tissue anchors. On the other hand, obesity is also a major cause of orthopedic injuries, which are likely to increase the growth of the soft tissue anchors market as obese people are more prone to orthopedic conditions such as soft tissue damage, osteoarthritis, and others. Thus, the increase in the elderly and obese population across region has increased the orthopedic injuries and disorders, which creates the demand for soft tissue anchors and supports the growth of the soft tissue anchors market.
On the contrary, high cost of surgeries and unfavorable reimbursement scenarios hurdles the growth of Europe soft tissue anchors market.
Based on type, the Europe soft tissue anchors market is segmented into absorbable and non-absorbable. The absorbable segment held 67.8% market share in 2022, amassing US$ 130.01 million. It is projected to garner US$ 173.71 million by 2028 to expand at 4.9% CAGR during 2022–2028.
Based on typing type, the Europe soft tissue anchors market is segmented into knotted & knotless. The knotless segment held 58.3% market share in 2022, amassing US$ 111.76 million. It is projected to garner US$ 150.49 million by 2028 to expand at 5.1% CAGR during 2022–2028.
Based on material, the Europe soft tissue anchors market is segmented into metallic suture anchor, bioabsorbable suture anchor, PEEK suture anchor, bio-composite suture anchor, and others. The PEEK suture anchor segment held 36.1% market share in 2022, amassing US$ 69.14 million. It is projected to garner US$ 93.20 million by 2028 to expand at 5.1% CAGR during 2022–2028.
Based on end user, the Europe soft tissue anchors market is segmented into hospitals, clinics, emergency medical services, and others. The emergency medical services segment held 43.1% market share in 2022, amassing US$ 82.61 million. It is projected to garner US$ 113.03 million by 2028 to expand at 5.4% CAGR during 2022–2028
Based on country, the Europe soft tissue anchors market is segmented into France, UK, Germany, Italy, Spain, and Rest of Europe. Our regional analysis states that Germany captured 26.9% market share in 2022. It was assessed at US$ 51.52 million in 2022 and is likely to hit US$ 71.57 million by 2028, exhibiting a CAGR of 5.6% during the forecast period.
Key players dominating the Europe soft tissue anchors market are 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 among others.
In May 2022, Medtronic announced that it has completed the acquisition of Intersect ENT, a global ear, nose, and throat (ENT) medical technology leader dedicated to transforming patient care. In Jan 2021, Smith & Nephew announced acquisition of the Extremity Orthopaedics business of Integra LifeSciences Holdings Corporation for $ 240 million.
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