How Has the Tissue Fixation Devices Market Size Evolved in Recent Years?
The tissue fixation devices market has seen considerable growth due to a variety of factors.
• The market for tissue fixation devices has seen significant growth in recent years. It is projected to improve from a valuation of $15.67 billion in 2024 to $16.58 billion in 2025, registering a compound annual growth rate (CAGR) of 5.8%.
The growth achieved in the past period is primarily due to advancements in surgical procedures, an increase in orthopedic conditions, the aging population, the creation of cutting-edge materials and designs for tissue fixation devices, and increased involvement in sports and recreational activities.
What Are The Predictions for The Tissue Fixation Devices Market in the Coming Years?
The tissue fixation devices market is expected to maintain its strong growth trajectory in upcoming years.
• The market for tissue fixation devices is anticipated to witness substantial growth in the upcoming years, predicted to expand to a whopping $20.57 billion by 2029, with a compound annual growth rate (CAGR) of 5.5%.
This projected expansion during the forecast timeframe can be credited to factors like the proliferation of ambulatory surgical centers, introduction of biodegradable devices, escalated healthcare spending, enhanced awareness and screening programs, and the incorporation of 3D printing and smart materials in tissue fixation devices. Key trends anticipated for this period are the preference for biodegradable fixation devices, advancements in technology, the rise of minimally invasive surgery (MIS) methods, smart implants, and integration of IoT (internet of things), with a heightened focus on regenerative medicine.
Which Drivers Are Accelerating Growth In The Tissue Fixation Devices Market?
The growth of the tissue fixation devices market is anticipated to be spurred by the surging prevalence of chronic diseases. This trend can be linked to factors such as sedentary lifestyles, escalating obesity rates, aging populations, and improved diagnostic techniques. Tissue fixation devices play a vital role in chronic disease management by providing stability and support to tissues throughout surgical processes, which aids in effective healing and enhances patient outcomes. As an example, in February 2024, the US-based National Center for Health Statistics reported that the age-adjusted prevalence of diagnosed arthritis in adults aged 18 and over was 18.9% in 2022. The figures showed that women were affected more, with a prevalence of 21.5% compared to 16.1% in men. The prevalence of arthritis also escalated with age, starting at 3.6% for individuals aged 18–34 and increasing to 53.9% for those aged 75 and older. Consequently, the escalating prevalence of chronic diseases is driving the expansion of the tissue fixation devices market.
What Are The Core Segments Of The Global Tissue Fixation Devices Market?
The tissue fixation devices market covered in this report is segmented –
1) By Type: Sutures And Suture Anchors, Interference Screws, Plates And Pins, Buttons, Arrows, Darts, Other Types
2) By Application: Routine Histology, Immunohistochemistry, In Situ Hybridization, Electron Microscopy, Molecular Diagnostics
3) By End User: Hospitals, Diagnostic Laboratories, Research Institutes, Biomedical Companies, Forensic Laboratories
Subsegments:
1) By Sutures And Suture Anchors: Absorbable Sutures, Non-Absorbable Sutures, Metallic Suture Anchors, Bioabsorbable Suture Anchors
2) By Interference Screws: Bioabsorbable Interference Screws, Metallic Interference Screws
3) By Plates and Pins: Metallic Plates and Pins, Bioabsorbable Plates and Pins
4) By Buttons: Cortical Buttons, Toggle Buttons
5) By Arrows: Bioabsorbable Arrows, Metallic Arrows
6) By Darts: Bioabsorbable Darts, Metallic Darts
7) By Other Types: Staples, Spikes, Wires
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How Are New Trends Impacting The Size Of The Tissue Fixation Devices Market?
Prominent businesses in the tissue fixation devices market are strategically focusing on the creation of advanced tissue stabilization systems in order to improve results of treatments and elevate patient care. Tissue stabilization systems are medical devices specifically engineered to aid and secure tissues during surgical procedures or repairs, facilitating stability and healing. To illustrate, in May 2022, Paragon 28 Inc., a healthcare company based in the United States specializing in medical devices, unveiled the TenoTac 2.0 Soft Tissue Fixation System. This was developed with the primary aim to enhance the handling of hammertoe as well as other soft tissue repair procedures. Included in its features are an improved soft tissue capture for superior stabilization and correction of contractures in the lesser toes, and simplified tensioning that allows easier application of exact tension to soft tissues during surgical procedures.
Who Are the Key Players In The Tissue Fixation Devices Market?
Major companies operating in the tissue fixation devices market are:
• Medtronic plc
• Stryker Corporation
• Boston Scientific Corporation
• B. Braun Group
• Zimmer Biomet Holdings Inc.
• Smith & Nephew plc
• Ethicon Inc.
• Cook Medical Incorporated
• Arthrex Inc.
• Integra LifeSciences Holdings Corporation
• In2Bones Global Inc.
• Conmed Corporation
• Wright Medical Group N.V.
• Orthofix Medical Inc.
• LimaCorporate S.p.A.
• Exactech Inc.
• RTI Surgical Holdings Inc.
• Medartis AG
• Aap Implantate AG
• Promedics Orthopaedic Ltd.
What Are The Regional Insights Into The Tissue Fixation Devices Market?
North America was the largest region in the tissue fixation devices market in 2024. The regions covered in the tissue fixation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
