Global Surgical Sutures Market Outlook 2019-2024 - Major Players are B Braun Mesungen, Johnson & Johnson, Smith & Nephew, Teleflex Incorporated, Integra LifeSciences - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 29, 2019--
The “Surgical Sutures Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The surgical sutures market is estimated to observe steady growth over the forecast period. A suture refers to any strand of material which is used to litigate blood vessels or tissues to close a surgical site. The type of material used primarily decides the level of sutures layers to done by a specialty doctor.
One of the primary factors responsible for the increased sutures usage and its adoption is a rise in hospitals admission of chronic diseases patients for long term as well as increased trauma cases across developed and emerging markets. In a large number of orthopedic, alimentary, ophthalmic cases and several other parts of the body require surgical suturing in case of surgeries.
A large number of hospitals and ambulatory surgery departments are specializing and technologically advancing in surgical sutures techniques which further drives this market. However, with growth in personalized medications, there is growth in usage of minimally invasive procedures as well as in many cases, needle-related infections primarily hinder the growth rate of surgical sutures market, over the forecast period.
Key Market Trends
The Absorbable Sutures are Estimated to Hold Larger Share over the Forecast Period
The absorbable sutures are highly useful in the treatment of inner organs surgical site closure. The natural sore and synthetic sources have their advantages based upon the areas of the body to be used upon. They generally degrade in the soft tissues within 60 days or more based upon absorbable or non-absorbable character.
Since the source is collagen, copolymer and polyester polymers, which are widely available and manufactured easily, the adoption rate and usage are much faster than non-absorbable. Apart from that, the non-absorbable are mostly used in case of external suturing cases, thus usage is limited compared to absorbable sutures.
North America is Estimated to Have Largest Share in the Global Market
In the United States, high admission rates, technological advancements in healthcare facilities, more healthcare expenditure from the government as well as better distribution channels by companies as well as reimbursement policies drives the surgical sutures market. Medical tourism from several emerging market also drives the growth of this market.
However, with rising in personalize medications, the trend is expected to shift towards minimally invasive surgeries, which may decrease the usage of surgical sutures rates gradually over the forecast period. Canada also well-known for its better government policies and medical tourism as well as technical advantages in healthcare compared to several emerging market. Therefore, North America is expected to hold a major share of the studied market, over the forecast period.
The major market players are focusing on technological advancements and improving the material quality used in sutures and better treatment of the injury site. Some of the major players in the market are B Braun Mesungen AG, Johnson & Johnson, Smith & Nephew PLC, Teleflex Incorporated, Integra LifeSciences, among others.
Key Topics Covered
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increased Surgeries Owing to Unhealthy Lifestyle and Chronic Diseases
4.2.2 Technological Advances in Suture Design and Applications
4.2.3 Favourable Government Regulations
4.3 Market Restraints
4.3.1 Needle related infections
4.3.2 Increasing Preference Towards Minimally Invasive Surgery
4.4 Porter’s Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Absorbable Sutures
18.104.22.168 Natural Sutures
22.214.171.124 Synthetic Sutures
5.1.2 Non-absorbable Sutures
126.96.36.199 Other Non-absorbable Sutures
5.2 By Application
5.2.1 Ophthalmic Surgery
5.2.2 Cardiovascular Surgery
5.2.3 Orthopedic Surgery
5.2.4 Neurological Surgery
5.2.5 Other Applications
5.3 By End Users
5.3.2 Ambulatory Surgical Centers
5.4.1 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
5.4.3 Asia Pacific
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
5.4.4 Middle East and Africa
126.96.36.199 South Africa
188.8.131.52 Rest of Middle East and Africa
5.4.5 South America
184.108.40.206 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 B. Braun Mesungen AG
6.1.2 Boston Scientific Corporation
6.1.3 Conmed Corporation
6.1.4 EndoEvolution, LLC
6.1.5 Integra LifeSciences Corporation
6.1.6 Johnson & Johnson (Ethicon Inc)
6.1.7 Medtronic PLC
6.1.8 Mellon Medical B.V.
6.1.9 Smith & Nephew PLC
6.1.10 Teleflex Incorporated
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/h7rk5v
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INDUSTRY KEYWORD: MEDICAL SUPPLIES MEDICAL DEVICES HEALTH HOSPITALS SURGERY OTHER HEALTH
SOURCE: Research and Markets
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PUB: 11/29/2019 10:01 AM/DISC: 11/29/2019 10:01 AM