HOME Research Insight Prominent Players in the Surgical Sutures Market Focused on Acquisitions & Mergers as a Key Growth Strategy

Prominent Players in the Surgical Sutures Market Focused on Acquisitions & Mergers as a Key Growth Strategy

Prominent players in the surgical sutures market include Ethicon Inc. (U.S.), B. Braun Melsungen AG (Germany), DemeTECH Corporation (U.S.), Medtronic plc (Ireland), 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.), and Boston Scientific Corporation (U.S.). Other players in the market include Apollo Endosurgery (U.S.), Surgical Specialties Corporation (U.S.), Teleflex Medical OEM (U.S.), Assut Europe S.p.A. (Italy), Futura Surgicare Pvt. Ltd. (India), CP Medical, Inc. (U.S.), W. L. Gore & Associates, Inc. (U.S.), Lotus Surgicals Pvt. Ltd. (India), and Kollsut-USA.

Ethicon, Inc. (U.S.) is the leading player in the surgical sutures market. With a strong product portfolio and expansive geographic presence, the company has managed to create its identity in the market. It focuses on both organic and inorganic growth strategies such as product launches, collaborations, and acquisitions & mergers to maintain its leading market position. For instance, in March 2017, Ethicon and DePuy Synthes together introduced customized wound closure kits for use in orthopedic surgeries. This kit includes Ethicon’s STRATAFIX Knotless Tissue Control Devices and DERMABOND PRINEO Skin Closure System.

Medtronic plc (Ireland) holds the second position in the market. The company’s position can be attributed to its product portfolio and its brand identity in the market. It mainly focuses on inorganic growth strategies to grow in the market. For instance, in January 2015, Medtronic PLC acquired Covidien plc. This acquisition helped bring together the extensive and innovative capabilities of both Medtronic and Covidien.

The overall growth strategies mapped from 2013 to March 2017 include acquisitions & mergers, agreements & collaborations, expansions, and product launches. Acquisitions & mergers accounted for the largest share of the overall strategic developments mapped in the above-mentioned period. Ethicon Inc. (U.S.), Medtronic, plc (Ireland), Péters Surgical (France), Smith & Nephew plc (U.K.), Surgical Specialties Corporation (U.S.), and Boston Scientific Corporation (U.S.) are key companies that adopted this strategy.

Related Reports:

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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