Surgical Suture Market Statistics Facts And Figures 2019-2030
The latest research on the SURGICAL SUTURE Market applies both qualitative and quantitative data analysis to present an overview of the future adjacencies around the SURGICAL SUTURE industry for the forecast period, 2019-2030. Scope of the Report:
The global surgical sutures market is driven by increase in number of surgical procedures and increase in demand for advanced treatments. Moreover, growing medical tourism, rising awareness among end users, increase in complex surgeries, rising geriatric population, rising healthcare expenditure have been vital in contributing to the extensive growth of the global surgical suture market. However, growing demand for advanced wound closure materials is likely to restrain the market to a certain extent
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The leading players in the global surgical sutures market are: B. Braun Melsungen AG , Medtronic, Ethicon LLC, Zimmer Biomet, Teleflex Incorporated, Conmed Corporation, Peters Surgical, Smith and Nephew, BSN Medical and DemeTECH Corporation among others.
The global surgical suture market is segmented by product, application and end users. On the basis of product, the surgical suture market is segmented into absorbable sutures, nonabsorbable sutures and surgical sutures filament. Absorbable sutures segment is estimated to account for the largest share in global surgical sutures market as there less risk of wound infection and it is broadly popular amongst the population. On the basis of application, the market is segmented into cardiovascular surgery, gynecological surgeries, orthopedic surgeries, neurological surgery, general surgeries and other surgeries. The cardiovascular surgery segment is expected to dominate the surgical sutures market in terms of market share as there is increase in cardiovascular surgeries performed globally. Similarly, in terms of end users the surgical sutures market can be segmented into hospitals, ambulatory surgical centers (ascs) and clinics & physician offices. The hospitals segment is estimated to account for the largest share of the global surgical suture market. Increase in number of complex surgeries, Rise in the availability of skilled personnels, ability to operate critical surgeries and increasing number of new hospitals established will support the growth of this segment in the future. The global surgical suture market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). North America dominated the market of surgical sutures during forecast period. North America enjoys a dominant share due to the increase in demand for advanced treatment in the region and high occurrences of cardiovascular diseases. However, Asia Pacific is expected to witness the highest CAGR, and have significant growth opportunities in China, Korea, Japan and India. Factors such as growing medical tourism industry, low cost of treatment, and rising awareness among end users are boosting the market growth in this region.