San Francisco, 7 February 2019: The Report Surgical Sutures Market Size, Share & Trends Analysis Report By Type
(Absorbable, Nonabsorbable), By Filament (Monovalent, Multivalent), By
Application, By End Use, And Segment Forecasts, 2019 - 2025
The global surgical suture market size is expected to reach at USD 5.9 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 6.5% over the forecast period. The increasing cases of complicated surgeries and awareness regarding patient safety during surgeries are expected to drive the market in the next few years.
Aging baby boomers and introduction of
various sutures by the market players are other high impact rendering market
drivers. For instance, in November 2015, the U.S. Food and Drug Administration
(FDA) approved RESORBA suture range developed by Advanced Medical Solutions
Group plc.
Furthermore, advantages associated with
multivalent sutures over staples and adhesives in complicated surgeries are
likely to propel the market growth during the forecast period. Staples cause
more pain and are less precise in complicated wound closure, hence sutures are
preferred over staples. This factor is anticipated to bode well for the growth
of the market for surgical sutures over the forecast period.
Increasing number of surgical procedures
due to the presence of a large geriatric population, government support in
various countries, and favorable reimbursement scenario are likely to further
drive the market in the forthcoming years.
The type segment comprises absorbable and
non-absorbable sutures. Absorbable suture provides temporary support to wound
till it heals, can withstand normal stress, and there is no need to remove it
post-surgery as it gets absorbed in the body after a certain period. This factor
is anticipated to drive the demand for this type in near future.
Access Research Report of Surgical
Suture Market@ www.grandviewresearch.com/industry-analysis/surgical-sutures-market
Further key findings from the study suggest:
· Absorbable suture accounted for the largest
market share in 2017 and is expected to maintain its share in the coming years
· Multivalent filament accounted for the
maximum market share in 2017 due to its high strength, pliability, and more
flexibility than monovalent filament
· Cardiovascular surgery segment accounted
for the largest share of the market by application in 2017, attributed to
adoption of minimally invasive surgeries and rising number of cardiovascular
surgeries performed around the world due to high incidence of cardiovascular
diseases and development
· North America accounted for the largest
share of the surgical sutures market in 2017 and is expected to maintain its
dominance in the coming years due to the presence of major market players
· Some of the major market players are
Ethicon Inc.; Medtronic; Integra LifeSciences; Péters Surgical; Internacional
Farmacéutica; Sutures India Pvt. Ltd.; B. Braun Melsungen AG; and Smith &
Nephew.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
global surgical sutures market on the basis of type, filament, application, and
region:
Surgical Sutures Type Outlook (Revenue, USD
Million, 2014 - 2025)
·
Absorbable
·
Nonabsorbable
Surgical Sutures Filament Outlook (Revenue,
USD Million, 2014 - 2025)
·
Monovalent
·
Multivalent
Surgical Sutures Application Outlook
(Revenue, USD Million, 2014 - 2025)
·
Ophthalmic Surgery
·
Cardiovascular Surgery
·
Orthopedic Surgery
·
Neurological Surgery
·
Others
Surgical Sutures End Use Outlook (Revenue,
USD Million, 2014 - 2025)
·
Hospital
·
Ambulatory Surgical Centers and Clinics
Surgical Sutures Regional Outlook (Revenue,
USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access Press Release of
Surgical Suture Market@ www.grandviewresearch.com/press-release/global-surgical-sutures-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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