As per this study the Global Surgical Sutures Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of XX%.
Surgical sutures are used to close the wounds or incision for promoting healing. Basically, these are of two types absorbable and non-absorbable, where absorbable surgical sutures get perish after wound healing such as plain and chromic catgut. On the other hand, non-absorbable surgical sutures are removed by the surgeon after healing such as metal sutures and staples.
The increasing number of surgical cases such as gynecology and obstetrics surgery, gastrointestinal surgery and cardiovascular surgery is driving the market growth. Additionally, growing technological advancements in surgical procedures along with improving healthcare schemes, and favorable reimbursement policies across the globe are further fuelling market growth. On the other hand, lack of proper sterilization and increasing preference for minimally invasive procedures for wound healing may restrict market growth. Whereas, advancement in suture design technology such as antibacterial-coated sutures and barbed sutures are expected to create a potential opportunity for surgical sutures in upcoming years.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of surgical sutures.
The broad surgical sutures market has been sub-grouped into type, filament, application, and end-use. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Non Absorbable
By End Use
- Ophthalmic Surgery
- Cardiovascular Surgery
- Orthopedic Surgery
- Neurological Surgery
- Ambulatory Surgical Centers and Clinics
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for surgical sutures in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Surgical Sutures Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the surgical sutures market include B. Braun Mesungen AG, Ethicon US, LLC, Integra LifeSciences, Internacional Farmacéutica, Medtronic, Péters Surgical, Smith & Nephew and Sutures India Pvt. Ltd. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.