Surgical Sutures Market Global Scenario, Market Size, Outlook, Trend and Forecast 2018 – 2026
The Global Surgical Sutures Market was valued $3.9 Billion in 2018 and expected to grow with a CAGR of 5.4% from 2019 to 2026. North America holds the largest market share in the global surgical sutures market; while the Asia-Pacific accounts for the higher potential in the estimated years. The rise of medical surgeries across the world is the main factor driving the market in the coming years.
The key market drivers are an innovation in the surgical sutures and increased expenses on healthcare in developed as well as developing countries. The safety and efficacy of surgical sutures are estimated to boost the market in many ways. Overall, the population of age-old people in different countries is increasing exponentially thereby growing trends of surgeries opens the market for surgical sutures. The changing shift in the lifestyle grows the market of surgical sutures. However, the major defects in the surgical sutures and the lack of innovation in the related products may hamper the market. The growing market of medical tourism in the developing countries also boosts the market. The lucrative reimbursement options in the surgery also demands the surgical sutures market.
The global surgical sutures market is segmented into end-use, application, product and geography. The end-use market of surgical sutures is classified into ambulatory surgical centers (ACS), hospitals, specialty clinics and others. The application segment covers orthopedic surgeries, cardiovascular surgeries, general surgeries, others. By the type of filament, the surgical sutures market is divided into multi filament and mono filament. The product segment covers absorbable and non –absorbable sutures. By geography, the market of surgical sutures is segmented into North America, Europe, Asia-Pacific, and Rest of the World.
The country-wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico while Europe covers Germany, France, Italy, and UK, and Rest of Europe. Japan, China, India, Australia, and Rest of Asia-Pacific are covered under the Asia-Pacific market. Rest of the world includes Central & South America, the Middle East, and Africa.
The scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. The market has been analyzed both from demand as well as supply side to come to an accurate scenario. Products across application and application across geographies have been mapped to provide you a precise competitive scenario to have a leading edge in the market.
Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also part of the report. Top players are Sutures India, IntegraLifeSciences Corp, Apollo Endosurgery, Mellon Medical B.V., Péters Surgical, Internacional Farmacéutica, B.Braun Melsungen AG, Boston Scientific Corporation, Medtronic Plc, Smith & Nephew, and others.
The Highlights of the Report
Scope of the Global Surgical Sutures Market
• North America
o Rest of Europe
o Rest of Asia-Pacific
• Rest of the World
o Central & South America
o The Middle East