Surgical Suture Market Global Trends, Market Share, Industry Size, Growth, Oppor

Posted by diwanji a on September 29th, 2019

The global surgical suture market is projected to value over USD 5.6 billion by 2026 end and register a CAGR of over 5.5% from the forecast period 2019-2026. 
The rise in number of surgeries owing to unhealthy lifestyle and increasing geriatric population is driving the market. Enhanced safety of many surgeries due to technological advancements is boosting the market. Introduction of the latest advanced products and favorable government regulations for ageing baby boomers is expected to hike the number of surgeries, thus bolstering the market over the forecast period. Additionally, favourable reimbursement scenario is contributing towards the growth of the market.
The market is bifurcated into type, filament, application, end-user, and region. In terms of type, the absorbable suture is expected to lead the market growth. An absorbable suture is cost-effective and heals the wound significantly. It dissolves in the body after a certain period. Owing to these factors, there has been a rise in demand for absorbable suture, thus complementing the growth of the market.

The non-absorbable suture is expected to show notable growth as well. They are mainly used for closing skin wounds and the stitches are removed after a few weeks depending on the depth of the wound.
In terms of filament, the multifilament suture is expected to dominate the growth of the market. Multifilament suture offers flexibility, great strength and owing to these features, there has been an increase in the availability of products which has spurred the market. The rise in the availability of multifilament suture has increased the number of successful complicated surgeries, which has boosted the market.

Based on application, cardiovascular surgery is expected to show significant growth owing to technological advancements in surgical tools and diagnostics. Rising cases of cardiovascular diseases are positively influencing the market. 
Based on end-user, hospitals are expected to hold a majority of market shares owing to the rise in complex surgeries, favourable reimbursement offers and rising geriatric population. The presence of advanced healthcare infrastructure in developed nations is also escalating the market.
In terms of regions, North America is the global leader of the market. Presence of advanced devices and rapid adoption of advanced technological products is driving the market in the region. Rise in disposable income and increasing geriatric population is bolstering the market in countries such as Canada and the U.S. The presence of prominent players and developed healthcare infrastructure is boosting the presence of the market.
Asia-Pacific region is expected to show exponential growth due to the introduction of advanced products and increasing penetration by prominent players in the region. Increasing disposable income and surgeries in emerging economies like Japan, China and India is expanding the market in the region. Furthermore, the rise in healthcare expenditure is fueling the growth of the market in the region. 
Major players of the market are Smith & Nephew, Internacional Farmaceutica, Integra LifeSciences, Suture India Pvt.Ltd, Peters Surgical and Medtronic.    

Competitive Landscape: 
●     Prominent players are bolstering their foothold in the market through collaborations and acquisitions
●     Integra LifeSciences acquired Derma Science in 2017. The move helped Integra LifeSciences to expand its products
 
Global Surgical Suture Market Segmentation:
By Type 
●     Absorbable 
●     Nonabsorbable 
By Filament 
●     Monovalent 
●     Multivalent 
By Application 
●     Cardiovascular Surgery 
●     Ophthalmic Surgery 
●     Neurological Surgery 
●     Orthopedic Surgery 
●     Others 
By End-User
●     Hospitals 
●     Ambulatory Surgical Centers and Clinics

By Region
●     North America
●     Europe
●     Asia Pacific
●     Latin America
●     Rest of the World       

FutureWise Key Takeaways:
●  Growth Prospects
●  SWOT Analysis
●  Key Trends
●  Key data-points affecting market growth
 
Objectives of the Study:
• To provide with an exhaustive analysis on the global surgical suture market by type, by filament, by application, by end-user, and by region 
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• Evaluate and forecast micro-markets and the overall market 
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and the rest of the world
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financial and core competencies

Table of Contents

Chapter 1 Executive Summary

                 1.1 Market Snapshot

Chapter 2 Research Methodology

                 2.1 Information Procurement

                 2.2 Data Analysis

Chapter 3 Market Variables, Trends & Scope

                 3.1 Market Segmentation and Scope

                     3.1.1 Market driver analysis

                     3.1.2 Market restraint analysis

                 3.2 Penetration & Growth Prospects Mapping

                 3.3 Surgical Sutures Market - PESTLE Analysis

                 3.4 Industry Analysis - Porter’s

                 3.5 Surgical Sutures Competitive Landscape: Market Position Analysis (Based on Products, Regional Presence, and Recent Updates) 

Chapter 4 Surgical Sutures Market : Type Estimates & Trend Analysis

                 4.1 Surgical Sutures Market: Type Analysis 

                 4.2 Absorbable Sutures

                     4.2.1 Market estimates and forecast, 2014 - 2026 (USD Million)

                 4.3 Nonabsorbable Sutures 

                     4.3.1. Market estimates and forecast, 2014 - 2026 (USD Million)

Chapter 5 Surgical Sutures Market : Filament Estimates & Trend Analysis

                 5.1 Surgical Sutures Market: Filament Analysis

                 5.2 Monovalent Sutures

                     5.2.1 Market estimates and forecast, 2014 - 2026 (USD Million)

                 5.3 Multivalent Sutures

                     5.3.1. Market estimates and forecast, 2014 - 2026 (USD Million)

Chapter 6 Surgical Sutures Market : Application Estimates & Trend Analysis

                 6.1 Surgical Sutures Market: Application Analysis

                 6.2 Ophthalmic Surgery

                     6.2.1 Market estimates and forecast, 2014 - 2026 (USD Million)

                 6.3 Cardiovascular Surgery

                     6.3.1 Market estimates and forecast, 2014 - 2026 (USD Million)

                 6.3 Orthopedic Surgery

                     6.3.1 Market estimates and forecast, 2014 - 2026 (USD Million)

                 6.4 Neurological Surgery

                     6.4.1 Market estimates and forecast, 2014 - 2026 (USD Million)

                 6.5 Others

                     6.5.1 Market estimates and forecast, 2014 - 2026 (USD Million)

Chapter 7 Surgical Sutures Market : End Use Estimates & Trend Analysis

                 7.1 Surgical Sutures Market: End Use Analysis

                 7.2 Hospitals 

                     7.2.1 Market estimates and forecast, 2014 - 2026 (USD Million)

                 7.3 Ambulatory Surgical Centers & Others 

                     7.3.1 Market estimates and forecast, 2014 - 2026 (USD Million)

Chapter 8 Surgical Sutures Market : Regional Estimates & Trend Analysis

                 8.1 Surgical Sutures Market Share, By Region, 2014 & 2025

                 8.2 North America

                     8.2.1 U.S.

                         8.2.1.1 Market estimates and forecast, 2014 - 2026 (USD Million)

                     8.2.2 Canada

                         8.2.2.1 Market estimates and forecast, 2014 - 2026 (USD Million)

                 8.3 Europe

                     8.3.1 Germany

                         8.3.1.1 Market estimates and forecast, 2014 - 2026 (USD Million)

                     8.3.2 Spain

                         8.3.2.1 Market estimates and forecast, 2014 - 2026 (USD Million)

                     8.3.3 Italy

                         8.3.3.1 Market estimates and forecast, 2014 - 2026 (USD Million)

                     8.3.4 France

                         8.3.4.1 Market estimates and forecast, 2014 - 2026 (USD Million)

                     8.3.5 U.K.

                         8.3.5.1 Market estimates and forecast, 2014 - 2026 (USD Million)

                 8.4 Asia Pacific

                     8.4.1 Market estimates and forecast, 2014 - 2026 (USD Million)

                     8.4.2 Japan

                         8.4.2.1 Market estimates and forecast, 2014 - 2026 (USD Million)

                     8.4.3 China

                         8.4.3.1 Market estimates and forecast, 2014 - 2026 (USD Million)

                 8.5 Latin America

                     8.5.1 Market estimates and forecast, 2014 - 2026 (USD Million)

                     8.5.2 Brazil

                         8.5.2.1 Market estimates and forecast, 2014 - 2026 (USD Million)

                     8.5.3 Mexico

                         8.5.3.1 Market estimates and forecast, 2014 - 2026 (USD Million)

                 8.6 MEA

                     8.6.1 Market estimates and forecast, 2014 - 2026 (USD Million)

                     8.6.2 South Africa

                         8.6.2.1 Market estimates and forecast, 2014 - 2026 (USD Million)

Chapter 9 Competitive Landscape

                 9.1 Strategy framework

                 9.2 Company Profiles

                     9.2.1 Medtronic (Covidien) 

                         9.2.1.1 Company overview

                         9.2.1.2 Financial performance

                         9.2.1.3 Product benchmarking

                         9.2.1.4 Strategic initiatives

                     9.2.2 Ethicon US, LLC 

                         9.2.2.1 Company overview

                         9.2.2.2 Financial performance

                         9.2.2.3 Product benchmarking

                         9.2.2.4 Strategic initiatives

                     9.2.3 B. Braun Mesungen AG

                         9.2.3.1 Company overview

                         9.2.3.2 Financial performance

                         9.2.3.3 Product benchmarking

                         9.2.3.4 Strategic initiatives

                     9.2.4 Smith & Nephew 

                         9.2.4.1 Company overview

                         9.2.4.2 Financial performance

                         9.2.4.3 Product benchmarking

                         9.2.4.4 Strategic initiatives

                     9.2.5 Integra LifeSciences

                         9.2.5.1 Company overview

                         9.2.5.2 Financial performance

                         9.2.5.3 Product benchmarking

                         9.2.5.4 Strategic initiatives

                     9.2.6 Péters Surgical

                         9.2.6.1 Company overview

                         9.2.6.2 Financial performance

                         9.2.6.3 Product benchmarking

                         9.2.6.4 Strategic initiatives

                     9.2.7 Internacional Farmacéutica

                         9.2.7.1 Company overview

                         9.2.7.2 Financial performance

                         9.2.7.3 Product benchmarking

                         9.2.7.4 Strategic initiatives 

                     9.2.8 Sutures India Pvt. Ltd.

                         9.2.8.1 Company overview

                         9.2.8.2 Financial performance

                         9.2.8.3 Product benchmarking

                         9.2.8.4 Strategic initiatives

10. Research Finding and Conclusion 

11 Appendix 

11.1 Research Methodology 

11.2 Research Data Source 

Inquire further details about this report at: sales@futurewiseresearch.com 

About FutureWise Research:

We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry – a position secured for far more than the near future.

Contact Us:

Company Name: FutureWise Research 
Contact Person:  Vinay Thaploo
Email: sales@futurewiseresearch.com 
Phone: +44 141 628 9353 / +1 970 279 4295 
City:  Leeds
Country:  United Kingdom
Website: www.futurewiseresearch.com