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Surgical Suture Market Outlook : B. Braun Melsungen AG, Medtronic, Ethicon USA, LLC, Smith & Nephew, Atramat, Demetech Corporation

10-09-2018 07:15 AM CET | Health & Medicine

Press release from: The Insight Partners

Surgical Suture Market

Surgical Suture Market

Global surgical sutures market is estimated to grow at a CAGR of 5.4% during the forecast period from 2018 to 2025. The market for surgical sutures is estimated to reach US$ 4,503.3 Mn in 2025. The market has been witnessing a steady growth rate during the past recent years and is anticipated to experience similar trend in the coming years. Additionally, manufacturers are focusing towards product innovation in the material used for manufacturing the sutures and the instruments holding the sutures by means of research and development activities.

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Surgical sutures are medical devices that are utilized during the surgical procedures for closing a wound with stitches. Many researchers and market players have developed innovative type of sutures which include absorbable and non-absorbable suture. Sutures are used for stitching the incisions during the surgical procedures or the cuts and wounds occurred during the accidents or injuries. The absorbable sutures are used as they get dissolved in the body with tissue enzymes easily. The advancements in the field of surgical sutures have resulted in increased developments of surgical sutures.

Key Market Players:
1. B. BRAUN MELSUNGEN AG
2. MEDTRONIC
3. ETHICON USA, LLC
4. SMITH & NEPHEW
5. ATRAMAT
6. DEMETECH CORPORATION
7. SUTURES INDIA
8. PÉTERS SURGICAL
9. TELEFLEX MEDICAL OEM
10. SERAG-WIESSNER GMBH & CO. KG

In our study, we have segmented the surgical sutures market by product, and application. Based on product, the market is segmented as absorbable sutures and non-absorbable sutures. The absorbable sutures is further classified as natural sutures and synthetic sutures. The application segment is classified as cardiovascular surgeries, orthopedic surgeries, general surgeries, gynecology surgeries, ophthalmic surgeries and others. Geographically, the global market for surgical sutures is segmented into North America, Europe, Asia Pacific, Middle East & Africa and South and Central America.

The market for surgical sutures is dominated by the North American market due to rise in the demand for surgical sutures in the region. The market is expected to rise in during the forecast years owing to factors such as increase in the number of surgical procedures in the region. In the North American market United States holds the largest market for the surgical sutures owing to the factors such as rise in the number of surgeries for the cardiovascular diseases. In addition, the orthopedic surgeries are being carried out more in this country. As per the American Joint Replacement Registry (AJRR) it is estimated that by 2030 near about 3.48 Mn people will be requiring knee replacement. The estimates are calculated by considering the baby boomers reaching old age in the United States. Moreover, the cardiovascular disease (CVD) and stroke are creating immense health burdens in the United States. As per the American College of Cardiology’s reports it is stated that near about 800,000 deaths were noted in United States.

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Reason to Buy:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Surgical Suture market.
-Highlights key business priorities in order to assist companies to realign their business strategies.
-The key findings and recommendations highlight crucial progressive industry trends in the global Surgical Suture market, thereby allowing players across the value chain to develop effective long-term strategies.
-Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
-Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
-Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

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