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Surgical Sutures Market worth 4.40 Billion USD by 2021
The report "Surgical Sutures Market by Product (Automated Suturing Device (Disposable, Reuse), Suture (Natural, Nylon, Stainless Steel, Silk)), Application (Cardiac, Gynecological, Orthopedic, Ophthalmic), End User (Hospital, Clinic, ASC) - Global Forecast to 2021", analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia, and the Rest of the World (RoW).
Browse 232 market data tables and 35 figures spread through 192 pages and in-depth TOC on "Surgical Sutures Market by Product (Automated Suturing Device (Disposable, Reuse), Suture (Natural, Nylon, Stainless Steel, Silk)), Application (Cardiac, Gynecological, Orthopedic, Ophthalmic), End User (Hospital, Clinic, ASC) - Global Forecast to 2021"
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The global surgical sutures market is expected to reach USD 4.40 Billion by 2021 from USD 3.46 Billion in 2016, at a CAGR of 5% during the forecast period. The growth of this market is mainly driven by factors such as growing number of surgical procedures, the favorable reimbursement scenario for a number of surgical procedures, and the launch of advanced sutures. On the other hand, the increasing preference for minimally invasive surgical procedures and the presence of alternative wound closure management products are factors expected to restrain the growth of this market to a certain extent.
In this report, the surgical sutures market has been segmented on the basis of product, application, end user, and region. Based on product, the surgical sutures market is segmented into sutures and automated suturing devices. In 2016, sutures accounted for the largest share of the market. This can primarily be attributed to the increasing number of surgeries that need sutures to close wounds to help tissues heal. On the basis of application, the surgical sutures market is segmented into cardiovascular surgeries, gynecological surgeries, orthopedic surgeries, ophthalmic surgeries, general surgeries, and other surgeries. In 2016, the cardiovascular surgeries segment accounted for the largest share of the market. This growth can be attributed to factors such rising geriatric population, growing obesity rates, rising prevalence of hypertension, and availability of advanced products.
On the basis of end user, the surgical sutures market is segmented into hospitals and other end users (including nursing homes, clinics, and ambulatory surgery centers). In 2016, the hospitals segment accounted for the largest share of the surgical sutures market. Factors such as increasing geriatric population, growing prevalence of various diseases, and the increased number of reimbursed inpatient procedures contribute to its dominant market share.
Based on region, the surgical sutures market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). In 2016, North America dominated the market, followed by Europe. Factors such as the growing prevalence of lifestyle diseases, increasing aging population, favorable healthcare reforms, and the presence of a large number of players are driving the growth of the North American surgical sutures market.
Key players in this market include Ethicon Inc. (U.S.), B. Braun Melsungen AG (Germany), and Medtronic plc (Ireland). Other players include DemeTECH Corporation (U.S.), Internacional Farmaceutica, S.A. de C.V. (Mexico), Sutures India Pvt. Ltd. (India), Péters Surgical (France), Smith & Nephew plc (U.K.), EndoEvolution, LLC (U.S.), Boston Scientific Corporation (U.S.)., CP Medical (U.S.), Lotus Surgicals Pvt. Ltd. (India), and Teleflex Medical OEM (U.S.).
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