Surgical Sutures Market Expert Financial Overview | Success Milestones | Top Players Revenue and Forecasts by 2023

Middle East and Africa Surgical Sutures Market Information, by Product Type (Absorbable and Non-absorbable), by Raw Material (Natural and Synthetic) and by Construction (Monofilament and Multi-filament) - Forecast till 2022
Market Synopsis of Middle East and Africa Surgical Sutures Market

Market Scenario:

Sutures commonly called as stitches are surgical threads used to close cuts of a wound so that healing occurs rapidly. It also avoids infection of an open wound. The market for Middle East and Africa surgical sutures is growing moderately at a CAGR rate of 5%. The market’s driving factors are rising incidences of accidents, growing expenditure on health which leads to greater use of sutures, growing popularity of cosmetic surgeries and development of advanced sutures such as film coated sutures. The market’s constraints includes increasing preference for minimally invasive surgical procedures and the presence of alternative wound care products which are key factors expected to restrain the growth of this market.

The market is extremely fragmented as there are huge number of players and there are ample opportunities for the entrance of new players in the market. The most attractive strategy is market development and Middle East and Africa provide ample opportunities for development of the market due to large unmet needs.

Absorbable sutures are biodegradable and get absorbed by the body after a certain period of time. On the basis of these properties the absorbable surgical segment had accounted for the largest share of the sutures market in 2016.

The latest trend in the market and key to future market leadership is technological advancement. The development of absorbable sutures based on synthetic materials such as polyglycolic acid, polylactic acid, polydioxanone, polyester etc. is driving the growth of the artificial segment. Another development has been the introduction of anti-microbial film coated sutures which provides additional protection against infection. The latest technological advancement has been the introduction of automated suturing device.
The market for Middle East and Africa surgical sutures was estimated to be around $ 430 million in 2016. Taking all factors into consideration, we expect the Middle East and Africa surgical sutures market to reach around $ 576.3 million, by 2022, growing at a CAGR of 5%.

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Key Players for Middle East and Africa Surgical Sutures Market:

Some of the key players in this market are Ethicon Inc., B. Braun Melsungen AG, Dolphin Sutures, Synthecon, DemeTECH Corporation, Medtronic plc., Internacional Farmaceutica, Sutures India Pvt. Ltd. and others.

Segments:

Middle East and Africa surgical sutures market has been segmented on the basis of product type which comprises of absorbable and non-absorbable sutures. On the basis of raw material; market is segmented into natural and synthetic. On the basis of construction; market is segmented into monofilament and multi-filament.

Regional Analysis of Middle East and Africa Surgical Sutures Market:
UAE is the largest market for surgical sutures in entire Middle East and Africa surgical sutures market closely followed by Egypt. Saudi Arabia has higher growth of surgical suture market as compared to the above mentioned regions due to expanding medical facilities and greater per capita income. The rest of Africa market is however the fastest growing with a huge unmet medical needs.

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Major Points Form Table of Content:
1 Introduction

1.1 Definition

1.2 Scope Of Study

1.3 Research Objective

1.4 Assumptions & Limitations

1.5 Market Structure:

2 Research Methodology

2.1 Research Process

2.2 Primary Research

2.3 Secondary Research

3 Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

3.5 Macroeconomic Indicators

4 Market Factor Analysis

4.1 Porter’s Five Forces Model

4.1.1 Bargaining Power Of Suppliers

4.1.2 Bargaining Power Of Customer

4.1.3 Intensity Of Competitor’s

4.1.4 Threat Of New Entrants

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