Surgical sutures market to exceed US816.9 million by 2025 says, The Insight Partners

According to The Insight Partners' research, the global surgical sutures market was valued at US$ 2,808.1 million in 2016 and is expected to expand at 5.4% CAGR over 2016-2025 to account for US$ 4,503.3 million by 2025. Government support for healthcare industry, rise in the number surgeries, rise in the number of aesthetic surgeries, and emphasis on medical tourism are the key factors responsible for market proliferation.

Increase in the government support for healthcare facilities; improvements in infrastructure of healthcare service centers with advanced instruments, equipment, and other products support the healthcare industry development; and rise in cardiovascular surgeries and general surgeries are factors likely to drive the market for surgical sutures in the forecasted period. On the other hand, developments in alternatives of sutures and adoption of robotics surgeries are hindering the market growth.

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Leading players influencing global in-flight catering market dynamics are B. Braun Melsungen AG; Medtronic; Ethicon USA, LLC; Smith & Nephew; Atramat; Demetech Corporation; Sutures India; Péters Surgical; Teleflex Medical OEM; and Serag-Wiessner GmbH & CO. KG.

Geographically, the global surgical sutures market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Among these, North America captured highest percentage of the market, accounting for US$ 1,016.1 billion and is slated to accrue US$ 1,515.8 billion by 2025. However, the Asia Pacific surgical sutures market is expected to grow at a CAGR of 6.2% over the forecast period.

As per product, the surgical sutures market business sphere is arrayed absorbable sutures and non-absorbable sutures. Among these, the absorbable sutures segment held 59.1% of the market share in 2017 and is anticipated to account for US$ ,656.2 million by 2025, growing from US$ 2,724.0 million in 2016, at 5.7% CAGR throughout.

Moving on to application, the market is segmented into cardiovascular surgery, gynecological surgery, ophthalmic surgery, orthopedic surgery, general surgery, and others. Among these, the cardiovascular surgery segment captured 28.8% of the market share in 2017 and was valued at US$ 804.3 million in 2016. The segment is predicted to be worth US$ 1,362.2 million by 2025, expanding at 6.1% CAGR throughout.

• In May 2018, Telelfex launched the advanced braiding technology that enabled the
division of a suture into multiple end branches or integrate several 'loops' into the strand.

• In January 2015, Teleflex launched portfolio of highly specialized capabilities for delivering innovative, fiber-based solutions to medical device manufacturers.

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This release was published on openPR.