According to a new report published by Reports Monitor titled, “Surgical Suture Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Surgical Suture Marketis growing rapidly from 2017 to 2025. North America is expected to contribute significant share of the market and anticipated to continue the trend over the forecast period.
Surgical procedures have been growing in past few years owing to advancement & innovation in healthcare technology and rising prevalence of chronic diseases. Surgical sutures are medical tools used for stitching the surgical wound and accidental incisions in order to heal the injury. There are various kinds of sutures with different properties and used accordingly depending on the need and surgery.
The global surgical suture market is driven by growing geriatric population and increased predominance of cardiovascular disorders. Rising accidental cases, up surge in number of surgeries, overall increased spending on healthcare and favourable government reimbursement policies further propels the market growth. However, presence of variant substitutes for wound care management, chances of infection due to lack of sterilization and increased adoption of minimally invasive surgical procedures may hinder surgical suture market growth. Growing cosmetic procedures and increasing healthcare demand in lower middle income countries offer greater opportunities for key market players to expand their business.
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North America leads the surgical suture market owing to growing dominance of diseases, changing lifestyle and increasing healthcare expenditure. Asia-Pacific is having substantial potential and expected to grow at accelerated speed. Large population pool, rising healthcare expenses, growing market in emerging economies will propel the further market growth.
The global surgical suture market is segmented on the basis of product type, application, end-user and region. In terms of product type the market is divided into absorbable sutures, non-absorbable sutures and advanced suturing devices. Based on application, the market is segmented into cardiovascular surgeries, ophthalmic, orthopaedic, cosmetic, gynaecological and general surgeries. Depending upon end-users the market is differentiated into hospitals and other end-users.
The global surgical suture market very fragmented in nature owing to huge number of players in the market. Prominent players running in the market include: B. Braun Melsungen AG, Medtronic PLC, Smith & Nephew, Apollo Endosurgery Inc., Internacional Farmacéutica S.A. De C.V., Boston Scientific Corporation, Endoevolution LLC, Demetech Corporation, Péters Surgical and Surgical Specialties Corporation
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The study for Surgical Suture Market will provide market size, estimates and forecast based on the following years:
Historic data: 2015
Base Year Estimate: 2016
Forecast: 2017 to 2025
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
1.1 Market Definition
1.2. Market Scope
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions
3.1. Research Report Segmentation & Scope
3.2. Key Market Trend Analysis
3.2.1. Market Drivers
3.2.2. Market Restraint/Challenges
3.2.3. Market Opportunities
3.3. Porter’s Five Forces Analysis
3.4. Potential Venture Avenues
3.5. Market Share Analysis, 2016
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