Surgical suture market is a medical device used to close a wound after surgery o
Posted by rohan on May 10th, 2019
Global Surgical sutures Market was worth USD 3.81 billion in 2018 and anticipated to be growing at a CAGR of 5%, to reach USD 4.86 billion by 2023. Surgical suture is a medical tool to sew the body covering the wound and shut the surgical incision. It is accustomed to sew internal organs after surgery, skin, blood vessels, and every other tissue of the human body. Sutures could be absorbable or non-absorbable, with totally different properties (such as tensile strength and knot security) depending on the requirement and surgery.
Market Drivers and Restraints:
Prominent factors driving the expansion of this market include the increasing range of surgical procedures, favorable reimbursement scenario for a variety of surgical procedures, and therefore the launch of advanced sutures. The growing popularity of cosmetic surgeries and increasing health care demand in low- and middle-income countries also provide essential growth opportunities in the market. Rising preference for minimally invasive surgical processes and the presence of alternative wound care management products are the major factors estimated to prevent the growth of this market. Even though, suturing remains the gold standard of wound closure. The rising number of alternatives for wound management and closure is hindering the growth of the surgical sutures market in the forecast period. Tissue adhesives are available in and around the market for many years. They are used in major and minor procedures of skin closure. They are presently being used for facial wounds, groin wounds, hand surgery, blepharoplasty, laparoscopic wounds, hair transplantation, and lacrimal punctum closure. The benefits, such as lower infection rate, less operating room time, better cosmetic results, ease of use, immediate wound sealing, and quicker return to athletic and work activities of tissue adhesives over suturing is hindering the growth.
To know more, click on the link below:
Report Segmented as:
Based on geography, the market is analyzed under various regions- North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. North America presently rules the market followed by Europe. Asia-Pacific is estimated to register the highest CAGR. In 2017, North America was the most significant regional market, in terms of revenue. The rising rate of the surgical procedures and an increasing number of healthcare facilities, along with technological advancements in sutures are fueling the surgical sutures market in North America. Asia-Pacific is estimated to grow at a quick pace, over the forecast period, owing to the increased medical tourism industry, unmet healthcare needs, increased prevalence of chronic diseases that require surgical procedures and favorable reimbursement scenarios.
Important Market Players:
Some significant leading players of the market include Johnson & Johnson Inc., B. Braun Melsungen AG, Smith & Nephew Plc., Demetech Corporation, Conmed Corporation, W.L. Gore & Associates, Boston Scientific Corporation, 3M Healthcare, Medtronic Inc., and Sutures India Pvt. Ltd.
View a sample and decide @ https://marketdataforecast.com/market-reports/global-surgical-sutures-market-2772/
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
For more information:
Sales Manager at Market Data Forecast
Like it? Share it!
About the Authorrohan
Joined: September 20th, 2017
Articles Posted: 1,346
More by this author