Suture Anchor Devices Market CAGR Projected to Grow at 5.2% Through 2027
Verfasser: pradnya_86 on Monday, 18 December 2017The global suture anchor devices market is expected to witness robust growth during the forecast period. This growth is expected to be primarily driven by rising cases of sports injuries, increasing number of orthopaedic surgeries and development of advanced suture anchor devices and surgical techniques. According to the new report drafted by Future Market Insights titled “Suture Anchor Devices Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027),” revenue from the global suture anchor devices market is expected to expand at a CAGR of 5.2% over the forecast period to reach a value of US$ 875.6 Mn by 2027 end. Initially, suture anchor devices were made of metal and other non-absorbable materials, but the current trend pertains to absorbable suture anchors owing to their better biocompatibility, less interference with postoperative imaging, and absence of the need for subsequent removal.
Global Suture Anchor Devices Market: Forecast by Product Type
Absorbable and non-absorbable suture anchors are the two segments included in the product type segment. The absorbable suture anchor segment dominated the global suture anchor devices market in revenue terms in 2017, and the trend is projected to continue throughout the forecast period. The segment is expected to be the most lucrative product type, with an attractiveness index of 1.8.
Global Suture Anchor Devices Market: Forecast by Material Type