Insights on the Surgical Sutures Market to 2019 - Advancements in Supply Chain Management, Industry Presents Opportunities, Business Strategy By 2026 | Medtronic plc, B.Braun Melsungen AG, Ethicon

Surgical Sutures Market Snapshot:

Surgical suture is a medical device, which is used for holding the body tissues together after a surgery or injury. It plays a significant role in the wound healing process. A large number of hospitals and ambulatory surgery departments are specializing in surgical sutures techniques, which is further boosting the market growth. Additionally, it is witnessing huge popularity in the field of orthopedic, alimentary, and ophthalmic surgeries on account of the precision it provides during the surgeries. Other factors driving the market include the increasing use of sutures, technological advancements, and rising adoption of sutures in hospitals for the treatment of a number of diseases and traumas.
Similarly, polytetrafluoroethylene (PTFE) sutures offer smooth and soft finish and aid in preventing bacterial colonization and microdamage in the deep layers of the wound. Also, surgical knots made using PTFE sutures are long-lasting and do not loosen easily. Recently, Ethicon developed Coated VICRYL Plus Antibacterial Suture, a synthetic absorbable sterile surgical suture intended for general soft tissue approximation and ligation. The antibacterial suture facilitates fast wound healing and rapid patient recovery. Similarly, the drug-eluting surgical sutures deliver the drug in the vicinity after implantation. Thereby, the availability of sutures with such advanced functionalities is surging the market growth to some extent.

The non-absorbable sutures segment is expected to grow with the fastest CAGR. It is mainly used on skin wound closure where stitches can be removed after a few weeks or in a stressful internal environment where absorbable sutures are unable to satisfy the requirement. The key materials used for the manufacturing of non-absorbable sutures include special silk, synthetics polypropylene, stainless steel wires, nylon, and polyester. Some of the factors driving the segment growth include the increasing geriatric population, surging number of surgeries, and rising incidences of accidents across the globe.

Globally, the prevalence of a number of chronic diseases, including cancer, diabetes, and stroke, is increasing at an alarming rate. This can be attributed to the rising consumption of unhealthy food and the gradual shift towards a sedentary lifestyle, which is subsequently boosting the demand for surgical sutures across the globe. Other factors driving the market include the growing preference of C-section delivery, rising incidence of road accidents and fatal injuries, increasing geriatric population, mounting healthcare expenditure, and increasing number of surgeries. In the EU alone, about 1.32 million C-sections were performed in 2016. As per the National Safety Council, in the U.S., around 40,000 people died in car crashes, and about 4.5 million people were seriously injured in 2018.
North America is dominating the global surgical suture market and will continue the same during the forecast period. This can be attributed to the rising prevalence of cardiovascular diseases, increasing demand for advanced treatments, and a growing number of surgeries performed in the region. As per the American Society for Aesthetic Plastic Surgery, in 2017, surgical procedures accounted for about 77% of the total expenditures, and non-surgical procedures accounted for about 23%.

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The Major Prominent Players Covered in this Report:
Medtronic plc, B.Braun Melsungen AG, Ethicon, Inc., Smith & Nephew, Boston Scientific Corporation, international Farmacéutica, Péters Surgical, Sutures India, DemeTECH Corporation, Surgical Specialties Corporation, and Mellon Medical B.V.

By Product type, Absorbable Sutures, Non-Absorbable Sutures By Material, Multifilament Sutures, Monofilament Sutures By Application, Cardiovascular Surgery, General Surgery, Gynecological Surgery, Orthopedic Surgeries, Ophthalmic Surgery, Cosmetic & Plastic Surgery, Other Applications By End-User Hospitals, Ambulatory Surgical Centers, Clinics & Physician Offices

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Surgical Sutures in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Surgical Sutures market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Surgical Sutures and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Surgical Sutures. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Key Questions Answered in The Report:
What will the Surgical Sutures market growth rate?
What are the key factors driving the global Surgical Sutures market?
Who are the key manufacturers in the Surgical Sutures market space?
What are the market opportunities, market risk, and market overview of the Surgical Sutures market?
What are sales, revenue, and price analysis of top manufacturers of the Surgical Sutures market?
Who are the distributors, traders, and dealers of the Surgical Sutures market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Surgical Sutures Industry?
What are sales, revenue, and price analysis by regions of Surgical Sutures industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Surgical Sutures Market Trends:
- The report identifies, determines, and forecasts the Global Surgical Sutures Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Surgical Sutures Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Surgical Sutures Market.

The market for global surgical sutures is highly fragmented, with different market players operating in local regions. Some of the key players are engaging in acquisitions, collaborations, and partnerships to gain a competitive edge. For instance,

In February 2017: Integra LifeSciences acquired Derma Sciences to expand its product portfolio and double the number of wound care sales channels

In January 2018: Teleflex Incorporated launched Force Fiber Fusion. The suture is made from ultra-high molecular weight polyethylene (UHMWPE), which is strong, durable, and lubricious. It has received FDA approval in the U.S. for the ligation of soft tissues, such as allograft tissues for orthopedic procedures

In December 2017: B. Braun Melsungen AG announced the establishment of a subsidiary in Zambia, named Braun Medical Zambia Limited, to attend to the customer requirements in a better way

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