Press release
Absorbable Multifilament Suture Market 2021 Size with Top Countries Industry Chain Structure, Competitive Landscape, Future Trends, New Projects and Forecasts up to 2027 | Medtronic, Gore Medical, Ethicon, Zeus Inc, Aurolab, Aesculap USA, B.Braun Medical
The “Absorbable Multifilament Suture Market” report describes in detail the demand and consumption of various products/services related to the market growth dynamics during the forecast period of 2021-2027. A detailed market assessment of the various opportunities in the market segment is expressed in terms of quantity. These are discussed in many sections, including constraints, challenges and opportunities, regional breakdown and opportunity assessment. This global Absorbable Multifilament Suture Market report guarantees rich data on various market opportunities. The report includes strong research from expert analysts.The Absorbable Multifilament Suture Market size is estimated to grow at a CAGR of 5.66% for 2021-2027.
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This report covers introduce companies associated with the Absorbable Multifilament Suture Market:
Medtronic, Gore Medical, Ethicon, Zeus Inc, Aurolab, Aesculap USA, B.Braun Medical AS, Vetomed, Arthrex, Lyppard
Recent Development
B.Braun Medical AS
In April 2018, B. Braun (Germany) opened five new and enhanced production plants in Penang, Malaysia, with the aim of increasing the production and manufacture of medical devices for infusion therapy, pharmaceutical solutions, and surgical instruments for the treatment of patients in Malaysia. This helped the company expand its presence in the Asia Pacific region.
Medtronic
Medtronic has acquired 60 companies, including 14 in the last 5 years. A total of 15 acquisitions came from private equity firms. It has also divested 4 assets. Medtronic’s largest acquisition to date was in 2014, when it acquired Covidien for $42.9B. It’s largest disclosed sale occurred in 2017, when it sold Medtronic - Patient Care Deep Vein Thrombosis & Nutritional Insufficiency Businesses to Cardinal Health for $6.1B. Medtronic has acquired in 14 different US states, and 8 countries. The Company’s most targeted sectors include medical products (88%) and healthcare services (8%).
Zeus Industrial
Zeus Industrial Products has acquired 1 company, including 1 in the last 5 years.Zeus Industrial Products has acquired in 1 US state. The Company’s most targeted sectors include medical products (100%). Zeus Industrial Products, Inc. is a polymer extrusion manufacturer. Zeus Industrial Products is based in Orangeburg, South Carolina.
Market segment by Type, covers
PGA Multifilament Suture
Polyglactin 910 Multifilament Suture
Chromic Catgut Multifilament Suture
Polydioxanone Multifilament Suture
Poliglecaprone Multifilament Suture
Market segment by Application, covering
Hospital
Clinic
Others
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Asia Pacific recorded highest CAGR for surgical sutures market:
The Absorbable Multifilament Suture Market is segmented into five major regions—north America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of 47.4% of the global surgical sutures market. The large share of this region is attributed to the growing geriatric population, rising prevalence of lifestyle diseases, favorable healthcare reforms, and the growing number of surgical procedures performed. The Asia Pacific region is projected to grow at the highest cagr during the forecast period, owing to the region’s growing medical tourism industry, rising prevalence of chronic diseases, and favorable reimbursement scenario. Moreover, key surgical suture manufacturers are also focusing on gaining a competitive edge in these high-growth markets, which is aiding the market growth in the Asia Pacific.
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2021-2027) of the following regions are covered:
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
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Some of the most significant insights gathered through the business intelligence study on the global Absorbable Multifilament Suture Market consists:
Key regions and leading countries in global Absorbable Multifilament Suture Market
Distribution network changes due to COVID19 pandemic
Key consumer segments are expected to drive global demand for the Absorbable Multifilament Suture market regional policy framework and regulatory guidelines.
Projected CAGR in the forecast period 2021 to 2027
Analysis of historical and current consumer buying trends related to the global Absorbable Multifilament Suture market.
Technological advancements and innovative products can completely change the Absorbable Multifilament Suture market.
Companies that held the leading share in the market during the historic years
Table of Contents: Absorbable Multifilament Suture Market
- Chapter 1: Outline of Absorbable Multifilament Suture Market
- Chapter 2: Global Market Status and Forecast by Regions
- Chapter 3: Global Market Status and Forecast by Types
- Chapter 4: Global Market Status and Forecast by Downstream Industry
- Chapter 5: Market Driving Factor Analysis
- Chapter 6: Market Competition Status by Major Manufacturers
- Chapter 7: Major Producers Presentation and market Information
- Chapter 8: Upstream and Downstream Market Investigation
- Chapter 9: Fetched and Net Edge Investigation
- Chapter 10: Marketing Status Investigation
- Chapter 11: Market Report Conclusion
- Chapter 12: Research Methodology and Reference
Impact of COVID-19 on the Absorbable Multifilament Suture Market:
The rise of COVID-19 has moderated showcase development; in any case, the market is continuously picking up pace due to rising lockdowns. The sudden increment in CAGR is due to the request and extension of this market, which is an ability to return to pre-pandemic levels once the widespread, is gone.
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