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Global Suture Wire Market Size and Share Analysis with Boston Scientific Co, B. Braun Melsungen AG, Medtronic PLC, Ethicon Inc. Etc. By 2023
Suture Wire Market
Global Suture Wire Market is expected to grow at a CAGR of 9.8% during the forecasted period 2018-2023. Suture wire is a thread which holds the body tissue after surgery or injury. Sutures wires are used in different surgeries like cardiac, renal, dental and many more.
Suture Wire Market - Major Key Players
The major key player for the Global Suture Wire Market are Boston Scientific Corporation (US), Demetech Corporation (US), Endoevolution Llc (US), Ethicon Inc. (US), Apollo Endosurgery Inc. (US), B. Braun Melsungen AG (Germany), Smith & Nephew Plc. (UK), Surgical Specialties Corporation (Germany), Sutures India Pvt Ltd (India), Internacional Farmacéutica S.A. (US), Medtronic PLC (UK), Peters Surgical (France), Covidien Plc. (UK), Jiangxi Longteng Co. Ltd. (China), DemeTech (US), Teleflex Incorporated (US), Lotus Surgicals Pvt Ltd. (India)
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Suture Wire Market – Segmentation
Global suture wire market is segmented on the basis of type, application and end users. On the basis of type the market is segmented into absorbable suture and non-absorbable suture. Absorbable suture is sub segmented into polyglycolic acid, polylactic acid, polydioxanone and monocryl. Non- absorbable sutures are sub segmented into nylon, polyester, polypropylene and other. On the basis of application, the market is segmented into surgery, veterinary, and other. Surgery is further sub segmented into cardiac, renal, dental and other. On the basis of end users, it is segmented into hospitals, clinics and other.
Suture Wire Market - Competitive Analysis
Suture Wire Market across the globe is continuously changing due to acquisition of local manufactures with multinational companies. Some companies are focusing on the new product developments while some has adopted strategies of acquisitions and strategic alliances for the growth of the market.
Boston Scientific Corporation is a worldwide developer, manufacturer and marketer of medical devices. A wide range of products of this company are available in market. Company has acquired Schneider and EP Technologies. Different types of suture wire having different diameter are available in the market. The market of this company is increased by 12% in 2016 compare to 2015.
DemeTech Corporation is a world-renowned leader in surgical sutures and blades headquartered in US. Company has provided sutures of paramount quality at a lower and more reasonable cost which has increased the market of company. Polypropylene Sutures wire and Silk Sutures wires are famous product of the company and generate major amount of revenue. Company is majorly focusing on development of the new product to increase the product range.
Medtronic is a medical device manufacturer headquartered in UK. It is the world's largest standalone medical technology development company. Company has a wide range of absorbable and non- absorbable products. Company recently introduced V-Loc wound closure device which is a revolutionary technology that eliminates the need to tie knots, so that the physician can close incisions up to 50% faster without compromising strength and security. Dermalon, Monosof, Surgilon and Surgidac are some of the non- absorbable products. Maxon is a veterinary suture manufactured by company.
Suture Wire Market - Regional analysis
Global Suture Wire Market is dominated by America. Suture market in America is driven by increasing number of surgeries and well-developed healthcare sector. Beside this, huge number of populations suffering from diabetes and other chronic diseases has also supported the growth of this market. Europe has the second largest market which is followed by Asia Pacific. Asia Pacific is expecting the fastest growth for the market during forecasted period.
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