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Add to CartGlobal Suture Anchor Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product Type;
Absorbable and Non-Absorbable.By Tying Type;
Knotted Suture Anchors and Knotless.By Material Type;
Metallic Suture Anchor, Bio-Absorbable Suture Anchor, PEEK Suture Anchor, Bio-Composite Suture Anchor, and All Suture Anchor.By End User;
Hospitals, Emergency Medical Services, Clinics, and Ambulatory Surgical Centres.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Suture Anchor Devices Market (USD Million), 2021 - 2031
In the year 2024, the Global Suture Anchor Devices Market was valued at USD 666.31 million. The size of this market is expected to increase to USD 918.97 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.7%.
The global suture anchor devices market is a dynamic and rapidly evolving sector within the broader medical devices industry. Suture anchor devices play a crucial role in orthopedic and sports medicine procedures, providing secure fixation of soft tissue to bone. These devices are utilized in a wide range of surgical applications, including shoulder instability repair, rotator cuff repair, labral repair, and ligament reconstruction. The market for suture anchor devices is driven by several factors, including the growing prevalence of musculoskeletal injuries and disorders, increasing participation in sports and physical activities, and advancements in surgical techniques and materials. As sports-related injuries continue to rise globally, particularly among the aging population and athletes, the demand for suture anchor devices is expected to escalate further.
Technological advancements have led to the development of innovative suture anchor designs, materials, and delivery systems, enhancing surgical outcomes and patient recovery. Manufacturers are investing in research and development initiatives to introduce next-generation suture anchor devices with improved biomechanical properties, reduced implant profile, and enhanced tissue compatibility. The shift towards minimally invasive surgical procedures has spurred the adoption of arthroscopic techniques, driving the demand for smaller and more versatile suture anchor devices. These devices enable surgeons to perform complex repairs through smaller incisions, resulting in reduced patient morbidity, shorter hospital stays, and faster rehabilitation.
The market for suture anchor devices is witnessing significant growth across North America, Europe, Asia Pacific, and other regions. Factors such as the presence of a well-established healthcare infrastructure, increasing healthcare expenditure, and rising awareness about sports-related injuries contribute to market expansion in these regions. Challenges such as stringent regulatory requirements, pricing pressures, and reimbursement issues pose hurdles to market players. Additionally, the COVID-19 pandemic has temporarily disrupted elective surgical procedures, impacting the adoption of suture anchor devices. Nevertheless, as healthcare systems recover and resume normal operations, the market is expected to rebound, driven by pent-up demand and ongoing advancements in surgical techniques.
Global Suture Anchor Devices Market Recent Developments
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In September 2023, at the 2023 Orthopaedic Summit (OSET) Annual Meeting, Anika Therapeutics, Inc. announced the launch of their RevoMotion Reverse Shoulder Arthroplasty System (RSA). The company also showcased the Integrity Implant System and the X-Twist Fixation System at the event. Anika's advanced shoulder portfolio, which includes the recently introduced X-Twist suture anchors, aligns with the increasing demand for suture anchor devices in the orthopedic market
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In December 2022 , Stryker launched Citrefix, a suture anchor system for ankle and foot surgical procedures, leveraging Citregen biomaterial that is designed to support bone regeneration and the natural healing process. Citregen, a bioresorbable substance, has been designed to emulate native bone structure and chemistry
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In August 2022 , OSSIO launched and commercially released its OSSIOfiber suture anchors in the U.S. for the first time. These anchors received FDA clearance for soft tissue to bone fixation in various areas of the body.
Segment Analysis
The Global Suture Anchor Devices Market has been segmented by Product Type, Tying Type, Material Type, End User and Geography, product type into knotless suture anchors, knotted suture anchors, and others. Knotless suture anchors are the dominant segment, as they offer several advantages over traditional knotted anchors, including reduced surgical time and improved stability of the repair. These anchors are particularly popular in arthroscopic procedures, where precision and speed are crucial. Knotted suture anchors are still used in certain applications due to their simplicity and cost-effectiveness. Other suture anchor devices include bioabsorbable anchors, which are designed to degrade over time, reducing the need for removal surgery, and are becoming more popular due to their benefit in minimizing post-operative complications.
By tying type, the suture anchor devices market is divided into single tying and double tying options. Single tying anchors involve one loop of suture material and are generally easier to handle and use during surgery. They are widely used in procedures requiring less tension or fewer suture strands. Double tying anchors offer greater strength and stability, making them suitable for larger or more complex surgeries, where stronger fixation is needed. This tying method is commonly used in shoulder, knee, and tendon repair surgeries, where multi-strand suturing provides better tensile strength and durability. The demand for each tying type is driven by the specific needs of surgical procedures, with increasing preference for double tying anchors in more intricate surgeries.
By material type, the market is segmented into metallic, bioabsorbable, and hybrid anchors. Metallic suture anchors, typically made from titanium or stainless steel, are known for their strength and durability, making them ideal for procedures involving significant stress. Bioabsorbable anchors, made from materials like polylactic acid or polyglactic acid, are gaining popularity due to their ability to gradually absorb into the body, eliminating the need for removal surgery. Hybrid anchors combine both metallic and bioabsorbable materials to offer the benefits of both, such as strength in the initial healing phase and the comfort of absorption in the long term. By end-user, the market is segmented into hospitals, ambulatory surgical centers (ASCs), and orthopedic clinics. Hospitals are the largest end-user segment due to their ability to conduct complex surgeries requiring advanced suture anchor devices. ASCs are growing in importance, driven by the increasing trend of outpatient surgeries, where simpler and faster procedures are often performed. Orthopedic clinics, which specialize in musculoskeletal procedures, also represent a key segment of the market. Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America holds the largest market share due to advanced healthcare infrastructure and a high volume of orthopedic surgeries, while the Asia Pacific region is expected to witness the fastest growth due to rising healthcare access and growing numbers of surgical procedures in countries like China and India.
Global Suture Anchor Devices Segment Analysis
In this report, the Global Suture Anchor Devices Market has been segmented by Product Type, Tying Type, Material Type, End User and Geography.
Global Suture Anchor Devices Market, Segmentation by Product Type
The Global Suture Anchor Devices Market has been segmented by Product Type into Absorbable and Non-Absorbable.
The global suture anchor devices market is witnessing significant growth, driven by the increasing demand for orthopedic surgeries and sports injuries treatment. Suture anchor devices are crucial tools used in orthopedic surgeries to attach soft tissues to bone, facilitating the healing process. These devices come in two main types: absorbable and non-absorbable, each offering distinct advantages depending on the patient's needs and the nature of the procedure.
Absorbable suture anchor devices are designed to degrade and be absorbed by the body over time. This characteristic eliminates the need for a second surgery to remove the anchor, reducing patient discomfort and healthcare costs. Additionally, absorbable anchors provide temporary support during the initial stages of healing before gradually dissolving, allowing for natural tissue regeneration. These factors contribute to the growing adoption of absorbable suture anchors, particularly in minimally invasive procedures.
On the other hand, non-absorbable suture anchor devices offer long-term stability and durability, making them suitable for applications requiring sustained support or fixation. These anchors are typically made from materials such as titanium or stainless steel, providing high tensile strength and resistance to degradation. Non-absorbable anchors are commonly used in procedures where permanent fixation is necessary, such as rotator cuff repairs or ligament reconstructions.
The choice between absorbable and non-absorbable suture anchor devices depends on various factors, including the patient's age, lifestyle, and the specific requirements of the surgical procedure. Surgeons weigh these factors to determine the most appropriate type of anchor for optimal patient outcomes. With advancements in materials science and surgical techniques, the suture anchor devices market is expected to continue expanding, catering to the evolving needs of patients and healthcare providers worldwide.
Global Suture Anchor Devices Market, Segmentation by Tying Type
The Global Suture Anchor Devices Market has been segmented by Tying Type into Knotted Suture Anchors and Knotless.
The global suture anchor devices market encompasses a range of innovative solutions designed to enhance surgical procedures and improve patient outcomes. Among the key categorizations within this market are the tying types of suture anchors, which predominantly include knotted suture anchors and knotless varieties.
Knotted suture anchors have long been a staple in orthopedic and soft tissue surgeries. These anchors utilize traditional knot-tying techniques to secure the suture material in place, providing reliable fixation of tissues to bone. Surgeons have historically favored knotted suture anchors for their simplicity and familiarity, as well as their proven track record in various procedures ranging from rotator cuff repairs to ligament reconstructions.
In contrast, knotless suture anchors represent a more recent innovation in the field of surgical fixation. These anchors eliminate the need for tying knots during the surgical procedure, streamlining the process and potentially reducing the risk of complications associated with knot placement. Knotless anchors achieve fixation through a variety of mechanisms, such as mechanical or friction-based systems, allowing for efficient tissue attachment while minimizing tissue damage and inflammation.
The choice between knotted and knotless suture anchors often depends on factors such as surgeon preference, surgical technique, and the specific requirements of the procedure at hand. While knotted anchors offer familiarity and versatility, knotless anchors appeal to surgeons seeking enhanced efficiency and reduced operative time. As surgical techniques continue to evolve and demand for minimally invasive procedures grows, both knotted and knotless suture anchors are expected to play integral roles in advancing orthopedic and soft tissue surgeries worldwide.
Global Suture Anchor Devices Market, Segmentation by Material Type
The Global Suture Anchor Devices Market has been segmented by Material Type into Metallic Suture Anchor, Bio-Absorbable Suture Anchor, PEEK Suture Anchor, Bio-Composite Suture Anchor and All Suture Anchor.
Bio-absorbable suture anchors have gained prominence in recent years due to their unique ability to degrade and be absorbed by the body over time. Made from biocompatible materials such as polylactic acid (PLA) or polyglycolic acid (PGA), these anchors provide temporary support during the initial stages of healing before gradually breaking down and being replaced by natural tissue. This feature reduces the risk of long-term complications associated with metallic anchors and eliminates the need for anchor removal procedures.
PEEK (polyether ether ketone) suture anchors offer a balance between strength and biocompatibility, making them a popular choice for orthopedic and soft tissue repair applications. PEEK anchors provide excellent mechanical properties and resistance to degradation, while also minimizing the risk of adverse tissue reactions. Their radiolucent nature allows for clear imaging during follow-up evaluations, enhancing postoperative assessment and monitoring.
Bio-composite suture anchors combine the benefits of bio-absorbable and biocompatible materials to offer an optimal balance of strength, durability, and tissue compatibility. These anchors typically consist of a composite material matrix reinforced with bio-absorbable fibers, providing robust fixation while facilitating gradual degradation and tissue integration. Bio-composite anchors are particularly well-suited for applications requiring long-term stability and natural tissue healing.
All suture anchors represent a innovative approach to soft tissue fixation, eliminating the need for traditional anchor bodies by utilizing a suture-based design. These anchors consist of high-strength sutures configured in various configurations, such as knotless or knot-tying, to provide secure fixation while minimizing tissue trauma. All suture anchors offer the advantage of reduced implant volume and improved tissue preservation, making them ideal for minimally invasive procedures and anatomically challenging anatomical locations.
Global Suture Anchor Devices Market, Segmentation by End User
The Global Suture Anchor Devices Market has been segmented by End User into Hospitals, Emergency Medical Services, Clinics and Ambulatory Surgical Centres.
Hospitals represent the largest end-user segment in the suture anchor devices market, owing to factors such as the high volume of surgical procedures performed in hospital settings, the presence of skilled healthcare professionals, and the availability of advanced medical infrastructure. Moreover, hospitals often serve as centers of excellence for complex surgical procedures, further driving the demand for suture anchor devices.
Emergency medical services (EMS) constitute another significant end-user segment in the market. EMS providers frequently encounter traumatic injuries and require rapid and effective methods for wound closure and tissue repair. Suture anchor devices play a crucial role in these situations, offering quick and reliable solutions for securing soft tissues and promoting optimal healing outcomes.
Clinics, including both independent practices and specialized medical centers, are also key consumers of suture anchor devices. These settings often cater to a wide range of outpatient procedures, including sports medicine, orthopedic surgeries, and plastic surgeries, where the use of suture anchor devices is commonplace. The convenience and efficiency of these devices make them well-suited for use in clinic settings, contributing to their widespread adoption.
Ambulatory surgical centers (ASCs) represent a growing segment in the suture anchor devices market. These facilities offer same-day surgical procedures across various medical specialties, providing patients with cost-effective and convenient alternatives to traditional hospital-based care. Suture anchor devices play a vital role in enabling minimally invasive procedures in ASCs, facilitating faster recovery times and reduced healthcare costs for patients.
Global Suture Anchor Devices Market, Segmentation by Geography
In this report, the Global Suture Anchor Devices Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Suture Anchor Devices Market Share (%), by Geographical Region, 2024
North America emerges as a prominent market for suture anchor devices, driven by factors such as advanced healthcare infrastructure, high healthcare expenditure, and increasing prevalence of sports-related injuries demanding orthopedic interventions. The region benefits from extensive R&D activities, leading to the introduction of innovative suture anchor devices, and robust reimbursement policies, facilitating accessibility to advanced surgical solutions.
Europe represents another lucrative market segment for suture anchor devices, characterized by a growing geriatric population prone to orthopedic ailments and a strong emphasis on technological advancements in healthcare. The region's well-established healthcare systems and favorable government initiatives aimed at improving patient care contribute to the market's growth trajectory.
Asia Pacific showcases immense potential for market expansion, attributed to the rising healthcare expenditure, expanding medical tourism industry, and increasing awareness regarding the availability of advanced orthopedic treatments. Countries like China, India, and Japan are witnessing a surge in orthopedic procedures, driven by lifestyle changes, sports participation, and a growing number of orthopedic clinics.
Latin America and the Middle East & Africa (MEA) regions present untapped opportunities for suture anchor device manufacturers, with improving healthcare infrastructure, rising disposable incomes, and a growing focus on enhancing healthcare access. However, challenges such as economic uncertainties and limited awareness about advanced orthopedic treatments may hinder market growth to some extent in these regions.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Suture Anchor Devices Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Ligament reconstruction
- Biomechanical properties
- Healthcare infrastructure
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Healthcare expenditure -The global suture anchor devices market is closely tied to healthcare expenditure trends worldwide. As healthcare expenditure increases, there is typically a corresponding rise in demand for medical devices and technologies, including suture anchor devices. Healthcare expenditure encompasses a broad range of categories, including hospital services, physician services, pharmaceuticals, and medical devices.
Several factors contribute to the growth of healthcare expenditure, such as population aging, the prevalence of chronic diseases, advancements in medical technology, and increasing access to healthcare services. In developed countries with aging populations, there is often greater demand for surgical interventions, including orthopedic and cardiovascular procedures that utilize suture anchor devices. Additionally, the adoption of innovative and minimally invasive surgical techniques drives the demand for advanced medical devices, further propelling healthcare expenditure.
In emerging economies, rising disposable incomes, expanding healthcare infrastructure, and government initiatives to improve healthcare access contribute to increased healthcare spending. As these countries invest in upgrading their healthcare systems and expanding coverage, there is a growing demand for medical devices, including suture anchor devices, to meet the needs of a larger patient population.
The relationship between healthcare expenditure and the suture anchor devices market underscores the importance of understanding healthcare economics and policy trends when analyzing market dynamics. Companies operating in the suture anchor devices market closely monitor healthcare expenditure patterns to identify growth opportunities, allocate resources effectively, and develop strategies to capitalize on evolving market trends. Overall, healthcare expenditure serves as a key driver of market growth and plays a pivotal role in shaping the landscape of the global suture anchor devices market.
Restraints
- Product recalls or quality issues
- Healthcare budget constraints
- Reimbursement issues
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Supply chain disruptions -The global suture anchor devices market, like many other sectors, has faced challenges due to supply chain disruptions. These disruptions can arise from various factors such as transportation restrictions, raw material shortages, labor issues, and geopolitical tensions. The COVID-19 pandemic, in particular, has exacerbated existing supply chain vulnerabilities, leading to delays in manufacturing, distribution, and procurement of suture anchor devices.
One significant impact of supply chain disruptions is the shortage of essential raw materials required for manufacturing suture anchor devices. For instance, disruptions in the production of polymers or metals used in anchor construction can lead to supply shortages and increased production costs. Manufacturers may struggle to procure these materials in sufficient quantities, resulting in delays in product availability and increased prices for healthcare providers and patients.
Transportation disruptions, including border closures, reduced air freight capacity, and port congestion, have hampered the timely delivery of suture anchor devices to end-users. This can lead to inventory shortages, longer lead times, and logistical challenges for manufacturers and distributors. Healthcare facilities may experience difficulties in accessing critical medical supplies, impacting patient care and surgical procedures.
Labor shortages and workforce disruptions further compound supply chain challenges in the suture anchor devices market. Factory closures, reduced staffing levels, and safety protocols implemented to mitigate the spread of COVID-19 can disrupt production schedules and hinder operational efficiency. Manufacturers may struggle to meet demand, leading to backlogs and delays in fulfilling orders.
Geopolitical tensions and trade disputes can also disrupt the supply chain for suture anchor devices by imposing tariffs, export restrictions, or sanctions on key manufacturing regions. These geopolitical factors introduce uncertainty and risk into the supply chain, affecting market dynamics and pricing strategies.
The impact of supply chain disruptions, stakeholders in the suture anchor devices market are exploring strategies such as diversifying sourcing locations, strengthening supplier relationships, and implementing contingency plans. Collaboration between manufacturers, distributors, and regulatory authorities is essential to address challenges effectively and ensure the continued availability of suture anchor devices for patients worldwide. Additionally, investments in digitalization, predictive analytics, and resilient supply chain infrastructure can enhance agility and responsiveness in managing future disruptions.
Opportunities
- Aging Population
- Next-Generation Designs
- Biomechanical Improvements
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Enhanced Surgical Outcomes -The global suture anchor devices market plays a crucial role in enhancing surgical outcomes across a spectrum of medical procedures. These innovative devices provide surgeons with reliable tools for securing soft tissue to bone, facilitating effective repair and reconstruction in orthopedic, sports medicine, and other surgical disciplines.
One of the key ways in which suture anchor devices contribute to enhanced surgical outcomes is by improving fixation strength and stability. By securely anchoring soft tissue to bone, these devices help maintain proper alignment and tension, promoting optimal healing and reducing the risk of complications such as re-tears or loosening of repaired tissues.
Suture anchor devices support minimally invasive surgical techniques, enabling surgeons to perform procedures with smaller incisions and reduced tissue trauma. This approach leads to faster recovery times, decreased post-operative pain, and improved patient satisfaction compared to traditional open surgeries.
The versatility of suture anchor devices further enhances surgical outcomes by accommodating a wide range of procedures and patient anatomies. Surgeons can choose from various types of anchors, including knotted and knotless options, as well as different materials and sizes to suit the specific needs of each case.
Advancements in suture anchor technology continue to drive improvements in surgical precision and efficiency. Innovations such as pre-loaded anchors, self-punching anchors, and bioabsorbable materials enhance ease of use while minimizing surgical time and complexity.
Competitive Landscape Analysis
Key players in Global Suture Anchor Devices Market include.
- Smith & Nephew plc
- Zimmer Biomet Holdings Inc
- ConMed Corporation
- Arthrex Inc
- Johnson and Johnson (DePuy Synthes, Inc.)
- Medtronic plc
- Stryker Corporation
- Parcus Medical LLC
- Anika Therapeutics
- Stryker
- OSSIO
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Tying Type
- Market Snapshot, By Material Type
- Market Snapshot, By End User
- Market Snapshot, By Region
- Global Suture Anchor Devices Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
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Ligament reconstruction
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Biomechanical properties
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Healthcare infrastructure
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Healthcare expenditure
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- Restraints
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Product recalls or quality issues
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Healthcare budget constraints
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Reimbursement issues
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Supply chain disruptions
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- Opportunities
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Aging Population
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Next-Generation Designs
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Biomechanical Improvements
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Enhanced Surgical Outcomes
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- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Suture Anchor Devices Market, By Product Type, 2021 - 2031 (USD Million)
- Absorbable
- Non-Absorbable
- Global Suture Anchor Devices Market, By Tying Type, 2021 - 2031 (USD Million)
- Knotted Suture Anchors
- Knotless
- Global Suture Anchor Devices Market, By Material Type, 2021 - 2031 (USD Million)
- Metallic Suture Anchor
- Bio-Absorbable Suture Anchor
- PEEK Suture Anchor
- Bio-Composite Suture Anchor
- All Suture Anchor
- Global Suture Anchor Devices Market, By End User, 2021 - 2031 (USD Million)
- Hospitals
- Emergency Medical Services
- Clinics
- Ambulatory Surgical Centres
- Global Suture Anchor Devices Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Suture Anchor Devices Market, By Product Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Smith & Nephew plc
- Zimmer Biomet Holdings Inc
- ConMed Corporation
- Arthrex Inc
- Johnson and Johnson (DePuy Synthes Inc)
- Medtronic plc
- Stryker Corporation
- Parcus Medical LLC
- Anika Therapeutics
- Stryker
- OSSIO
- Company Profiles
- Analyst Views
- Future Outlook of the Market