Surgical Sutures Market Segmentation and Industrial Overview Forecasts to 2029Posted by Preet on February 5th, 2020 Surgical sutures have become a preferred choice for surgeons, and have gained significant popularity over the years. Consistent improvement in products by incorporating advanced technologies as well as government support, and government support for awareness campaigns regarding cancer radiation therapy are among the most important factors that are estimated to fuel the demand for surgical sutures during the forecast period. According to the latest research by Fact.MR, the global surgical sutures market accounted for ~ US$ 3.9 Bn in terms of value at the end of 2018. The surgical sutures market report also projects significant growth potential with an anticipated average Y-o-Y growth rate of ~ 4% during the forecast period. Collaborative Efforts and Initiatives to Develop Absorbable Surgical Sutures Availability of knowledge-based resources and enhanced research collaborations will improve the product development for surgical sutures. An important factor in the competition is the timing of market introduction of new products. The speed with which companies can develop products and complete clinical testing and regulatory clearance processes will decide how much they can increase their market share. Moreover, growing focus on clinical trials to enrol new surgical sutures products will further help the market. The success rates for these clinical trials to meet the endpoints and obtain key approval are marginally higher than those of currently available products. After reading the surgical sutures market report, readers get insight into:
The surgical sutures market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period. Key regions covered comprise:
Want to know more about the report or any specific requirement: https://www.factmr.com/connectus/sample?flag=AE&rep_id=4065 The evaluation of the competitive landscape in the surgical sutures market covers the profile of the following top players:
According to Fact.MR, the high demand for absorbable sutures and the higher Average Selling Price (ASP) have led the segment to experience more dynamic growth than any other product in the surgical sutures market. Additionally, increase in disposable incomes leading to affordability to surgical treatment in emerging countries is also inciting patients to opt for surgical sutures. However, lower adoption of surgical sutures is observed in some of the poor or lower income nations due to their poor economy. Therefore, rise in disposable income is expected to be an important factor that is anticipated to drive the growth of the market of surgical sutures globally. It also provides an excellent growth opportunity for the surgical suture manufacturers to get connected to potential customers. One of the primary drivers for the surgical sutures market is also the increasing number of surgical procedures, especially propelled by an aging population. Aging populations have greater risk of developing diseases and health conditions, necessitating the need for surgical interventions. This trend will drive higher volumes of both open and minimally invasive procedures, generating greater sales of suturing devices. Fact.MR has segmented the surgical sutures market to offer a comprehensive taxonomy of the surgical sutures market based on product type, raw material, source, application, end user, and region. By product type, the surgical sutures market is segmented into absorbable and non-absorbable. By source, the surgical sutures market is segmented into natural, synthetic, coated, and uncoated. By application, the surgical sutures market is further segmented into cardiovascular procedures, general surgery procedures, ophthalmic procedures, orthopedic procedures, dental procedures, gastroenterology procedures, gynaecology procedures, plastic surgery procedures, and veterinary procedure. By end user, the market is segmented into hospitals, specialized clinics, ambulatory surgical centres, veterinary hospitals and veterinary clinics. Based on raw material, surgical sutures can be categorised into nylon, silk, stainless steel, catgut, polyglycolic acid, and polygalactin, polydioxanone, and various polyester-based materials. By region, the surgical sutures market is segmented into North America, Latin America, Europe, South Asia, East Asia, Oceania, and MEA. To expand the understanding of opportunities in the global surgical sutures market report looks at close quarters into the opportunities and new avenues in following product type:
In addition to understanding the demand patterns of various end users, the report on the surgical sutures market also enumerates trends expected to attract investments by other various associated industries. On the basis of material, the surgical sutures market report offers insight into major adoption trends for the following segments:
The global surgical sutures market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study. Some important questions that the surgical sutures market report tries to answer exhaustively are:
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