Vancouver, BC -- (ReleaseWire) -- 09/08/2017 --According to a new series of reports on the U.S. market for orthopedic soft tissue repair and sports medicine by iData Research (www.idataresearch.com), the number of shoulder labrum procedures has been growing quickly as a result of the popularization of this technique and the rise of all-suture anchors. However, surgeons are finding that shoulder labrum repair is not as effective at treating bicep pain as previously thought. As a result, shoulder labrum repair procedure growth should slow in the following years.

"Shoulder labrum repair for superior labral tear from anterior to posterior (SLAP) lesions is a common procedure performed for pain in the biceps," explains Jeffrey Wong, Strategic Analyst Manager at iData Research. "Growth of SLAP repair is expected to slow-down as biceps tenodesis repair is gaining popularity as a more effective procedure."

Shoulder labrum repair suture anchors can be segmented by material type: poly-L lactic acid (PLA), biocomposites, polyetheretherketone (PEEK), metal, all-suture and polyetheretherketone carbon fiber (PEEK CF). The material types can be further categorized between resorbables and non-resorbables. PLA and biocomposites are resorbables whereas PEEK, metals, all-sutures and PEEK CF are non-resorbables. Biocomposites comprise the majority of the U.S. shoulder labrum repair market. However, growth of biocomposites is expected to slow-down as all-suture anchors continue to grow and cannibalize market share from biocomposites.

The fastest growing segment within the shoulder labrum repair market is the all-suture segment. The all-suture market is expected to more than double in value from 2016 to 2023. This growth will be driven by the characteristic smaller size of all-suture anchors which is important for drilling in the glenoid for SLAP repair to overcome key constraints of the procedure.

Arthrex is the leader in the U.S. shoulder labrum repair market with nearly 45% market share. The company has maintained their dominance in the shoulder repair market through heavily marketing of their line of biocomposite suture anchors such as FASTak®, Knotless SutureTak®, Labral SwiveLock® and PushLock®. However, with the additon of all-suture anchors into the market, biocomposites have begun to lose their hold on the market. In response, Arthrex released their FibreTak™ all-suture anchor in hopes to maintain their lead in this market.

DePuy Mitek is the second leading competitor in the U.S. shoulder labrum repair market. DePuy Mitek's products include their GRYPHON® suture anchor in both PEEK and BIOCRYL® RAPIDE® biocomposite, LUPINE® BR, LUPINE® Loop Anchor, BIOKNOTLESS®, PANALOK® and GII®. DePuy Mitek does not have an all-suture product currently and may experience losses as the all-suture market gains in popularity. Additional competitors in the U.S. shoulder labrum market includes Smith & Nephew, Zimmer Biomet, ConMed Linvatec, Stryker and Parcus Medical among others.

For Further Information
More on the orthopedic soft tissue repair market in the U.S. can be found in a series of reports published by iData Research entitled the U.S Market Report Suite for Orthopedic Soft Tissue Repair. The suite covers reports on the following markets: tendon graft reinforcement, suture anchors, tenodesis screws, ACL/PCL replacement allografts, interference screws, intratunnel fixation devices, cortical fixation devices, cross-pins, washers and posts, osteochondral allografts, meniscal allografts, autologous chondrocyte implantation, particulated juvenile allograft implant, microfracture adjunct, suture meniscal repair devices, implant meniscal repair devices, hybrid meniscal repair devices, hip radiofrequency probes, banana blades, hip access kits and disposable suture passers.

The iData report series on orthopedic soft tissue repair covers the U.S. and 15 countries in Europe including Germany, France, the United Kingdom (U.K.), Italy, Spain, Benelux (Belgium, Netherlands and Luxemburg), Scandinavia (Finland, Denmark, Sweden and Norway), Portugal, Austria and Switzerland. Reports provide a comprehensive analysis including units sold, market value, forecasts, as well as detailed competitive market shares and analysis of major players' success strategies in each market and segment. To find out more about orthopedic soft tissue repair market data, register online or email us at info@idataresearch.net for a U.S Market Report Suite for Orthopedic Soft Tissue Repair brochure and synopsis.

About iData Research
iData Research (www.idataresearch.com) is an international market research and consulting firm, dedicated to providing the best in business intelligence for the medical device industry. Our research empowers our clients by providing them with the necessary tools to achieve their goals and do it right the first time. iData covers research in: Orthopedic Soft Tissue Repair and Regeneration, Orthopedic Trauma, Large & Small Joints, Spinal Implants and VCF, Spinal MIS, Dental Operatory Equipment, Dental Material, Dental Lasers, Dental Prosthetics, Dental CAD/CAM, Dental Bone Graft Substitutes, Ultrasound, X-Ray Imaging, Diagnostic Imaging, Oncology, Ophthalmics, Vascular Access, Laparoscopy, Urology, Gynecology, Endoscopy, Interventional Cardiology, Cardiac Surgery, Cardiac Rhythm Management, Electrophysiology, Operating Room Equipment, Surgical Microscopes, Robotics and Surgical Navigation, Anesthesiology, Wound Management, Orthopedics and more.

We have built a reputation and earned our clients' trust based on consistent and uniquely intelligent research that allows our customers to make confident decisions and impact their businesses. A combination of market expertise and over a decade of experience has resulted in a deep understanding of the medical device industry that has inspired innovation and propelled our clients to success.