Government Support for Healthcare Industry is Driving the Market for Surgical Sutures over the Forecast Period
According to a new market research study titled ‘Surgical Sutures Market to 2025 – Global Analysis and Forecasts by Product, and Application, the global surgical sutures market was valued at US$ 2,954.5 Mn in 2017 and is estimated to reach US$ 4,503.3 Mn by 2025. The report highlights the trends prevalent in the global surgical sutures market and the factors driving the market along with the factors that are restraining the growth of surgical sutures market. The global market is classified into the five major regions such as North America, Europe, Asia Pacific, Middle East & Africa and South & Central America.
The global surgical sutures market, is segmented on the basis of product into the two major sub segments such as absorbable and non-absorbable sutures. On the basis of the absorbable suture the segment includes natural sutures and synthetic sutures. The synthetic segment is further classified as polydioxanone sutures, polyglactin 910 sutures, poliglecaprone 25 sutures, polyglycolic acid sutures among others. Whereas, the non-absorbable sutures segment is classified as prolene sutures, nylon sutures and stainless steel sutures. Whereas, the application segment is classified as the cardiovascular surgery, general surgery, gynecology surgery, orthopedic surgery, ophthalmic surgery and others. Among product segments for the surgical sutures the absorbable sutures dominates the market for the surgical sutures and is expected to dominate the market in the coming future. The factor that is contributing to the growth of the market is the property of dissolving nature of suture that does not leave scars on the skin after surgeries and the antibacterial coating which is anti-infectious. Therefore, it reduces the risk of the surgical site infection and thus the market is likely to propel in the forecasted period.
The market for the surgical sutures is driven by the factors such as government support for healthcare industry, rise in the number of surgeries, rise in the number of the aesthetic surgeries and emphasis for medical tourism. Whereas, the market is restrained by the factors such development in the alternates of sutures and adoption of the robotic surgeries which are limiting the use of the human suturing. The market for the surgical sutures has opportunity to develop innovative products such as suture holders, suturing instruments that will be helpful for the suturing processes. The need of the suturing will lead to more developments that will allow surgeries to be non-invasive.
The surgical sutures market is highly fragmented due to the presence of various local as well as regional players. Some of the key players operating in the global surgical sutures market include, B. Braun Melsungen AG, Medtronic, Ethicon USA, LLC, Smith & Nephew, Atramat, Demetech Corporation, Sutures India, Péters Surgical, Teleflex Medical OEM, Serag-Wiessner GmbH & CO. KG among others.
The report segments the Global Surgical Sutures market as follows:
Global Surgical Sutures Market – By Product
Polyglactin 910 Sutures
Poliglecaprone 25 Sutures
Polyglycolic Acid Sutures
Stainless Steel Sutures
Global Surgical Sutures Market – By Application
Global Surgical Sutures Market – By Geography
Asia Pacific (APAC)
Middle East & Africa (MEA)
South & Central America (SCAM)
Contact Person: Sameer Joshi
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