Surgical Sutures Market is Estimated to Grow at a CAGR of 5.4% from 2019 to 2026, Says Accurize Market Research
Market Introduction and Market Dynamics
Surgical sutures are the medical equipment used during surgeries. The rise of medical surgeries across the world is the main factor driving the market. The key market dynamics are an innovation in the surgical sutures and increased expenses on healthcare in developed as well as developing countries. The safety and efficacy of surgical sutures are estimated to boost the market in many ways. Overall, the population of age-old people in different countries is increasing exponentially thereby growing trends of surgeries opens the market for surgical sutures. The changing shift in the lifestyle grows the market of surgical sutures. However, the major defects in the surgical sutures and the lack of innovation in the related products may hamper the market. The growing market of medical tourism in developing countries also boosts the market. The lucrative reimbursement options in the surgery also demand the surgical sutures market.
Market Segmentation and Crisp Analysis
The global surgical sutures market is segmented into end-use, application, filament type, product, and geography. By end-use, the market is divided into ambulatory surgical centers (ACS), hospitals, specialty clinics, and others. By application, the market is divided into orthopedic surgeries, cardiovascular surgeries, general surgeries & others. By the type of filament, the surgical sutures market is divided into multifilament & monofilament. By product, the market is divided into absorbable & non –absorbable sutures.
Regional Segmentation and Crisp Analysis
By geography, the market is distributed across the various geographical regions such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The country-wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico while Europe covers Germany, Italy, UK, & Rest of Europe. Japan, China, India, South Korea and Rest of Asia-Pacific have been analyzed under the Asia-Pacific market. Rest of the world includes Central & South America, the Middle East, and Africa.
Manufacturers Competitive Analysis
The top players operating in the market are frequently investing in research & development and are planning to increase their presence in the untapped emerging economies. Major companies operating in the global market are Sutures India, Integra LifeSciences Corp, Apollo Endosurgery, Mellon Medical B.V., Péters Surgical, Internacional Farmacéutica, B.Braun Melsungen AG, Boston Scientific Corporation, Medtronic Plc, Smith & Nephew and others.
Scope of the Report
The scope of the report covers in-depth analysis of the market in term of both qualitative and quantitative analysis across the segment as well as cross-sectional analysis of the segments including the geographies. Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also the part of the report. Furthermore, different industries clients’ information has been provided in the report which is very important for the manufactures. Manufacturers’ data including revenue, shipment, revenue share, shipment share & gross profit have been included to provide a better understanding of the market competitors.
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