Surgical Suture: growing spread of chronic infections and enhanced technology provides advancement is medical toolkit
Market Overview According to a new report published by Reports Monitor titled, “Surgical SutureMarket by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the surgical suture market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. North America is expected to contribute significant share of the market and anticipated to continue the trend over the forecast period.
Surgical procedures have been growing in past few years owing to advancement & innovation in healthcare technology and rising prevalence of chronic diseases. Surgical sutures are medical tools used for stitching the surgical wound and accidental incisions in order to heal the injury. There are various kinds of sutures with different properties and used accordingly depending on the need and surgery.
The global surgical suture market is driven by growing geriatric population and increased predominance of cardiovascular disorders. Rising accidental cases, up surge in number of surgeries, overall increased spending on healthcare and favourable government reimbursement policies further propels the market growth. However, presence of variant substitutes for wound care management, chances of infection due to lack of sterilization and increased adoption of minimally invasive surgical procedures may hinder surgical suture market growth. Growing cosmetic procedures and increasing healthcare demand in lower middle income countries offer greater opportunities for key market players to expand their business.
North America leads the surgical suture market owing to growing dominance of diseases, changing lifestyle and increasing healthcare expenditure. Asia-Pacific is having substantial potential and expected to grow at accelerated speed. Large population pool, rising healthcare expenses, growing market in emerging economies will propel the further market growth. The global surgical suture market is segmented on the basis of product type, application, end-user and region. In terms of product type the market is divided into absorbable sutures, non-absorbable sutures and advanced suturing devices. Based on application, the market is segmented into cardiovascular surgeries, ophthalmic, orthopaedic, cosmetic, gynaecological and general surgeries. Depending upon end-users the market is differentiated into hospitals and other end-users.
Competitive Landscape The global surgical suture market very fragmented in nature owing to huge number of players in the market. Prominent players running in the market include: B. Braun Melsungen AG, Medtronic PLC, Smith & Nephew, Apollo Endosurgery Inc., Internacional Farmacéutica S.A. De C.V., Boston Scientific Corporation, Endoevolution LLC, Demetech Corporation, Péters Surgical and Surgical Specialties Corporation
About Garner Insights:
We at Garner Insights.com provide a comprehensive analysis by providing in-depth reports of the various market verticals. Our Mission is to provide a detailed analysis of the vast markets worldwide backed by rich data. Decision makers can now rely on our well-defined data gathering methods to get the correct and accurate market forecasting along with detailed analysis.