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Surgical Sutures Market worth 3.59 Billion USD by 2020
The report "Surgical Sutures Market by Type (Automated Suturing Devices, Absorbable and Non-Absorbable Sutures), Application (General, Cardiovascular, Valve, Orthopedic, Dental, Ophthalmic), and Geography - Global Forecast to 2020", The global sutures market was valued at USD 2.80 Billion in 2014, and is expected to reach USD 3.59 Billion by 2020, at a CAGR of 4.2% from 2015 to 2020.
Browse 168 market data tables with 94 figures spread through 178 pages and in-depth TOC on "Surgical Sutures Market by Type (Automated Suturing Devices, Absorbable and Non-Absorbable Sutures), Application (General, Cardiovascular, Valve, Orthopedic, Dental, Ophthalmic), and Geography - Global Forecast to 2020"
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The global sutures market is anticipated to register significant growth due to the growing number of surgical procedures across the globe, the rising healthcare expenditure, and favourable reimbursement scenarios.
The growth in the surgical sutures market is primarily driven by the growing number of various surgical procedures across the globe that is, in turn, fueled by improving healthcare facilities such as increasing number of hospitals, clinics, and operating facilities, especially in emerging economies. The rising healthcare expenditure, owing to the increasing disposable income of the population, is amplifying the number of surgeries, thereby driving the growth of the sutures market. In developed countries, the rise in this market is expected due to the increasing aging population that is creating increased demand for all kinds of surgical intervention, particularly cardiovascular, orthopedic, urological, and dermatological procedures.
The North American sutures market contributed the largest share towards the global market, and was dominated largely by the U.S. Europe is the second-largest market for sutures, with Germany leading the market, followed by Asia-Pacific with Japan leading the market in their respective regions. The growth in the market in the Americas and Europe is primarily driven by the advent of new technologies, rise in aging population, favorable regulatory frameworks, and the high disposable income of the population in the region. The market in Asia-Pacific is expected to witness substantial growth owing to the increased medical tourism industry, unmet healthcare needs, increased prevalence of chronic diseases that require surgical procedures, and favorable reimbursement scenarios.
The report includes company profiles of major players, recent activities in the market, new product launches, mergers & acquisitions, collaborations and partnerships, and SWOT analysis of the global sutures market. Some of the companies profiled in this report include Ethicon, Inc. (U.S.), B. Braun Melsungen AG (Germany), Smith & Nephew (U.K.), Demetech Corporation (U.S.), Conmed Corporation (U.S.), W.L. Gore & Associates (U.S.), Biomet, Inc. (U.S.), and Boston Scientific Corporation (U.S.), among others.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, will help them garner a greater market share. Firms purchasing the report could use any one or a combination of the below mentioned five strategies to strengthen their market share.
The research study is aimed at identifying emerging trends and opportunities in the global sutures market along with detailed classifications. It provides a comprehensive competitive landscape and identifies the key players with respect to market size and market share. The research study also includes a detailed segmentation of the global sutures market on the basis of product type, application, and geography.
Apart from the market segmentation, this report also provides an in-depth analysis of the market by providing a detailed process flow diagram and market dynamics, such as drivers, restraints, and opportunities in the global sutures market.
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