29 July 2019 - Global Surgical
Suture Market is anticipated to
grow at a CAGR of 4.2% in the upcoming period as the scope, product types, and
its applications are increasing across the globe. Surgical Sutures is also
known as “Surgical Stitches” and they have needle with the attached length of
thread. Surgical sutures imply medical devices that is used to hold body tissue
collected close a wound.
The
factors that propel the growth of the Surgical Suture Market include improved
occurrences of numerous chronic diseases and technical developments in surgical
suture products. On the other hand, there are factors that may hamper the
growth of the market including absence of appropriate disinfection system in
healthcare establishments and unfavorable taxation rules.
The
market may be explored by product type, application, end user, and geography.
The market may be explored by product type as absorbable sutures and
non-absorbable sutures. Absorbable Sutures may further include Synthetic
Sutures, and Natural Sutures and Non-absorbable Sutures may further include
Polypropylene Sutures, Nylon Sutures, and Stainless-Steel Sutures. The
“Absorbable Sutures” segment led the Surgical Suture Market in 2017 and is
anticipated to maintain its dominance by 2023 owing to due to its biodegradable
properties.
The
key applications that could be explored in the Surgical Suture Market include
Ophthalmic surgeries, Orthopedic surgeries, Cardiovascular surgeries,
Gynecological surgeries, General surgeries, and Others. The “General Surgeries”
segment led the Surgical Suture Market in 2017 and is anticipated to maintain
its dominance by 2023 owing to rising number of patients with cardiac disease.
The
market could be explored based on end users as Ambulatory Surgery Centers,
Specialty Clinics, and Hospitals. The “Hospitals” segment led the Surgical
Suture Market in 2017 and is anticipated to maintain its dominance by 2023
owing to growing aged populace, increasing occurrence of several diseases, and
the increased number of reimbursed inpatient procedures.
Asia-Pacific
accounted for the major share of the Surgical Suture Market Size in 2017 and
will continue to lead in the forecast period. The factors that could be
attributed to the growth include massive increase in the prevalence of
lifestyle diseases, and low cost of treatment, and the increasing occurrence of
medical situations associated to esophagus, stomach, small bowel, pancreas,
gallbladder, bile ducts, liver, colon, and the thyroid gland are anticipated to
propel the Asia Pacific market for surgical sutures.
Some
of the key players that fuel the growth of the Surgical Suture Market comprise
Integra Life Sciences Corp., Teleflex Inc., B. Braun Melsungen AG, Medtronic
Plc, Acelity L.P. Inc., Johnson & Johnson, Smith & Nephew Plc, Zimmer
Biomet Holdings Inc., ConMed Corp., and Boston Scientific Corp. The leading
companies are taking up partnerships, mergers and acquisitions, and joint
ventures in order to boost the inorganic growth of the industry.
Market Segment:
Key Types
•
Natural Fiber
•
Synthetic Fiber
•
Mixed Sutures
Key Regions
•
North America
•
Europe
•
Asia Pacific
•
Middle East and Africa
•
South America
Key Vendors
•
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