Demonstrate Overloaded Dissolvable Stitches Market 2018 | Top 3 Companies High Revenue Earner Braun Melsungen, DemeTECH and Johnson & Johnson - Forecast 2018-2023

Dissolvable Sutures Market 2018 is latest market research report published by “Market Research Future”, which includes comprehensive information on Global Dissolvable Sutures Market with historic and forecast data on Dissolvable Sutures Market Industry Size, Share, Growth, Trends, And Key Company Analysis with Regional Outlook To 2023.

Market Scenario:
Global dissolvable sutures market is expected to gain prominence over the forecast period (2018-2023). It is estimated that the global dissolvable sutures market is expected to grow at a CAGR ~5.2 % during the forecast period of 2018–2023.

Dissolvable sutures are stitches that doctors and surgeons, use to hold skin, internal organs, blood vessels, and all other tissues of the human body together, after the injury, incision, or surgery. These sutures have an anticipated advantage as they are broken down in the body tissue after a given period, and no foreign material left inside the patient's body.
The market growth is attributed to the increasing aging population, rising occurrence of chronic diseases, increasing healthcare expenditure, growing number of surgeries and burns, and increasing number of hospitals. According to the WHO, an estimate of tens of million people are injured or disabled worldwide every year in road accidents. Additionally, immense technological advancements in material science and increasing occurrences of musculoskeletal diseases are likely to boost the market growth during the forecast period.

Despite the drivers, the development of advanced wound care dressings and availability of alternatives such as surgical staplers and complications such as hemorrhage and leakage, especially in esophageal and colonic anastomosis are a few factors restraining the growth of the dissolvable sutures market. Furthermore, stringent government regulations and increasing preference for minimally invasive surgical procedures are the constraints limiting the market growth.

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Key Players for Dissolvable Sutures Market:
• Braun Melsungen AG
• Boston Scientific Corporation
• DemeTECH Corporation
• ENDOEVOLUTION, LLC
• Hu-Friedy Mfg. Co., LLC
• Internacional Farmacéutica S.A. De C.V.
• Johnson & Johnson Services, Inc.
• Medline Industries, Inc.
• Medtronic
• Péters Surgical
• Roboz Surgical Instrument Co.
• Smith & Nephew
• Surgical Specialties Corporation
• Sutures India Private Limited

Industry News:

April 2017, Medtronic Plc signed an agreement to divest a portion of its patient monitoring and recovery division to Cardinal Health for 6.1 USD billion. In this agreement, the company intends to include 17 dedicated manufacturing facilities among the product line such as dental/animal health, chart paper, wound care, incontinence, electrodes, and sharp safety offerings.
Moreover, the Surgigut gut sutures by Medtronic are made up of purified connective tissue derived serosal layer of bovine intestines. The other Medtronic dissolvable sutures include VELOSORB fast braided absorbable sutures, CAPROSYN monofilament absorbable suture, and POLYSORB braided absorbable sutures.

January 2016, Surgical Specialties Corporation acquired FSSB Chirurgische Nadein GMBH, a German manufacturer of surgical needles and sutures. With the acquisition, the company expanded its surgical products portfolio. Moreover, in September 2015, Smith & Nephew launched NASASTENT Dissolvable Nasal Dressing, a structural intranasal splint for use in sinus surgery.

Global Dissolvable Sutures Market: Segmentation

The global dissolvable sutures market is segmented on the basis of type, application, and end-user. On the basis of type, the market is classified as natural dissolvable sutures and synthetic dissolvable sutures. Natural dissolvable sutures are further segmented as catgut plain sutures and catgut chromic sutures. Synthetic dissolvable sutures are further sub-segmented into polyglycolic acid sutures - coated and braided suture, polyglactin 910 sutures - coated and braided suture, poliglecaprone sutures - monofilament suture, and polydioxanone sutures - monofilament suture. The global dissolvable sutures market on the basis of application is segmented into cardiovascular surgeries, general surgeries, gynecological surgeries, orthopedic surgeries, ophthalmic surgeries, and others. The global dissolvable sutures market on the basis of end-user is segmented as ambulatory surgical centers, hospitals, clinics, and others.

Geographically, the global dissolvable sutures market has been segmented into America, Europe, Asia Pacific, and the Middle East and Africa. The American dissolvable sutures market is further segmented into North America and South America. North America is further classified as the U.S. and Canada. The European dissolvable sutures market is segmented into Western Europe and Eastern Europe. Western Europe is further classified as Germany, France, the U.K., Italy, Spain, and the Rest of Western Europe. The Asia Pacific dissolvable sutures market is segmented into Japan, China, India, the Republic of Korea, Australia, and the Rest of Asia Pacific. The Middle Eastern and African dissolvable sutures market is segmented into the Middle East and Africa.

Global Dissolvable Sutures Market: Regional Analysis

The global dissolvable sutures market consists of four regions, namely, Americas, Europe, Asia Pacific, and the Middle East and Africa. North America holds the highest market share in the global dissolvable sutures market owing to the higher adoption of technologically advanced products for surgical procedures in the region, increase in the prevalence of various chronic diseases, and the development of the wound management sector. In addition, according to the Centers for Disease Control and Prevention, in 2015, an approximate 2.8 million people were hospitalized due to injuries in the United States.

Europe holds the second position in the global dissolvable sutures market. The availability of funds for research, huge patient population, increasing healthcare expenditure, and government support for research and development drive the European market. For instance, according to the National Statistics in 2015, the healthcare spending in the U.K. reached 271.6 USD billion in 2015 from 262.2 USD billion in 2014. Furthermore, the presence of developed countries such as Germany and the U.K. within the region is expected to fuel the market growth during the forecast period.

Asia Pacific is experiencing the fastest growth for the global dissolvable sutures market owing to the increasing prevalence of cardiac diseases, rising obese pool, increasing cases of burns, and geriatric population. India and China dominate the market for dissolvable sutures in the Asia Pacific region. According to the World Health Organization, over 1,000,000 people are moderately or severely burnt every year in India. Additionally, the availability of significant growth opportunities for prominent players due to improved healthcare infrastructure, rise in healthcare awareness, and development in the medical tourism industry are also contributing to the growth of the market.

The Middle East and Africa holds the lowest share of the global market due to low development, lack of technical knowledge, and poor medical facilities.

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Some Brief Table of Contents of Report

Chapter 1. Report Prologue

Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations

Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation

Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants

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