According to FutureWise analysis the market for soft tissue anchors in 2023 is US$ 0.7 billion, and is expected to reach US$ 1.13 billion by 2031 at a CAGR of 6.10%.
Rise in the number of surgical procedures, growing geriatric population, increased prevalence of trauma-related disorders are some of the key factors responsible for the growth of the market. Furthermore, growing cases of sport-related injuries, increased rate of obesity and soaring expenditure on healthcare are some other factors contributing to the soft tissue anchors market growth. Additionally, the rise in the number of launched products and consolidation of industries shall bolster the proliferation of the market. These products provide enhancements in strength, biocompatibility and improvements in aesthetics. Conversely, these surgeries are expensive and the reimbursement policies are unfavourable, which shall possibly impede the proliferation of the market.