Press release
2025-2034 Ophthalmic Sutures Market Roadmap: Insights for Competitive Advantage
Ophthalmic Sutures
How Large Will the Ophthalmic Sutures Market Size By 2025?
In recent times, there has been a significant expansion in the market size of ophthalmic sutures. Predicated to grow from $0.56 billion in 2024 to $0.6 billion in 2025, the market is expected to experience a compound annual growth rate (CAGR) of 7.5%. Factors such as the rising incidence of ophthalmic disorders, an increase in the global elderly population, a surge in the number of ophthalmic surgeries, a heightened demand for minimally invasive procedures, and an uptick in corneal transplants are believed to be driving this growth.
How Big Is the Ophthalmic Sutures Market Size Expected to Grow by 2029?
In the coming years, the ophthalmic sutures market is projected to witness substantial growth, escalating to $0.81 billion by 2029 with a 7.8% CAGR. This expected growth during the forecast period is due to the rise in healare spending, heightened awareness, and screening for eye conditions, an increasing emphasis on aesthetic ophthalmic procedures, more investments in research and innovation in the ophthalmic field and the growing number of proficient ophthalmic surgeons. The prediction for the said period also considers the advancements in suture materials, the blending of precision manufacturing technologies, the application of technology in the customization of suture products, the evolution of minimally invasive surgical procedures, and the progress in ophthalmic robotic systems.
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Which Key Market Drivers Powering Ophthalmic Sutures Market Expansion and Growth?
The rise in eye surgeries is anticipated to fuel the expansion of the ophthalmic sutures market in the future. Eye surgeries involve various surgical interventions carried out on the eye or adjacent tissues to rectify vision impairments, manage diseases, or mend injuries. The different types of eye surgeries encompass cataract, glaucoma, corneal transplants, retinal, and refractive surgeries. The surge in eye surgeries is due to the escalating occurrence of cataracts amidst the elderly population. Ophthalmic sutures play a critical role in eye surgeries by securing accurate closure of incisions, making these sutures crucial for numerous ophthalmic procedures. They hasten healing, lessen complications, and improve surgical results, thus enhancing patient recovery. For example, in 2024, the Eye Bank Association of America, a non-profit organization based in the US, reported 51,559 domestic keratoplasty procedures (corneal transplants) in 2024, denoting a 1.2% rise from 50,925 in 2023. Consequently, the upsurge in eye surgeries is propelling the growth of the ophthalmic sutures market.
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Which Fast-Growing Trends Are Poised to Disrupt the Ophthalmic Sutures Market?
Key players in the ophthalmic sutures market are shifting their attention to the creation of innovative products such as advanced microsurgical sutures, with the aim of improving surgical results and catering to the changing clinical requirements. The latest generation of microsurgical sutures incorporate novel materials and technologies that are centered on enhancing patient outcomes, minimizing complications, and refining the surgical process. For example, Onatec ophthalmic microsurgical sutures were introduced by Corza Medical, a medical technology firm from the US, in October 2024. These sutures, which belong to the newest wave of microsurgical sutures, come with highly-resistant tempered stainless steel needles that provide substantial durability. With their precise geometries and sleek surfaces, these needles offer optimal penetration, lessen tissue damage, and increase patient comfort, thereby making delicate ophthalmic surgeries safer and more precise.
What Are the Emerging Segments in the Ophthalmic Sutures Market?
The ophthalmic sutures market covered in this report is segmented -
1) By Product Type: Absorbable Sutures, Non-Absorbable Sutures
2) By Type: Natural, Synthetic
3) By Application: Corneal Transplantation Surgery, Cataract Surgery, Vitrectomy Surgery, Iridectomy Surgery, Oculoplastic Surgery, Other Applications
4) By End-User: Hospitals, Ophthalmic Clinics, Ambulatory Surgery Centers (ASCs), Research And Academic Institutes
Subsegments:
1) By Absorbable Sutures: Polyglactin Sutures, Polyglycolic Acid Sutures, Polydioxanone Sutures, Fast Absorbing Gut Sutures, Chromic Gut Sutures
2) By Non-Absorbable Sutures: Nylon Sutures, Polypropylene Sutures, Silk Sutures, Polyester Sutures, Stainless Steel Sutures
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Who Are the Global Leaders in the Ophthalmic Sutures Market?
Major companies operating in the ophthalmic sutures market are Medtronic plc, Medline Industries LP, Stryker Corporation, Smith and Nephew plc, Teleflex Incorporated, ConMed Corporation, B. Braun Group, Mani Inc., Advanced Medical Solutions Group plc, Aurolab, Assut Europe, DemeTECH Corporation, Unilene SAC, Internacional Farmacéutica SA de CV, Geuder AG, GPC Medical Ltd., Rumex International Co., FCI Ophthalmics Inc.
Which are the Top Profitable Regional Markets for the Ophthalmic Sutures Industry?
North America was the largest region in the ophthalmic sutures market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ophthalmic sutures market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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