This report from Life Science Intelligence provides the latest market data for the Global Upper and Lower Extremity Suture Anchors Market. Information covered by this report includes:
The global market for upper and lower extremity suture anchors is expected to reach an estimated $300.2 million in 2020 and is projected to increase at a CAGR (2020-2024) of 11.3%. Product segments covered by this report include suture anchors for the repair of upper and lower extremities, commonly used during orthopedic surgeries.
This report covers the impact of COVID-19 on the upper and lower extremity suture anchors market, including a recent forecast from 2020 to 2024. COVID-19 has also impacted leading competitors, such as DePuy Synthes (J&J), Smith & Nephew, Zimmer Biomet, Conmed, and others. The report provides insights into trends, drivers, and limiters of the upper and lower extremity suture anchors market, as well as highlights potential opportunities.
The COVID-19 pandemic has had a two-fold impact on orthopedic procedure volumes. Lockdowns and government restrictions on sports events and outdoor activities have reduced the incidence of sports-related injuries. The volume of elective orthopedic procedures was also negatively impacted by COVID-19 as many procedures were postponed to prevent the spread of the virus. While the delcine in sports-medicine related procedures was significant in 2020, procedure volumes are projected to return to pre-COVID-19 levels in 2021.
Major competitors in this market include Johnson & Johnson subsidiary DePu Synthes and Smith & Nephew. Together these two companies account held an estimated 80% market share of global upper and lower extremity suture anchor sales.