Market Analysis and Insights: Global Sutures Market
The flexible government regulations for surgical procedures has created a huge demand for long sutures to close wound in different disease such as skin ulcers, pediatric cardiac surgery, neuropathic ulcers and diabetic ulcers, which is largely impacting the growth of sutures market over the forecast period of 2020 to 2027. Also, the increase in the number of surgeries owing to unhealthy lifestyle and aging population is highly supporting the overall sutures market growth rate.
Moreover, better safety and efficacy of various surgeries due to various technological advancements are also adding to the market growth. Currently, the global sutures market is fueled by increasing aging population, mounting incidence of continual diseases, growing healthcare expenses, favorable reimbursement scenario, aging baby boomers, the introduction of technologically advanced products, growing number of burns surgeries and increasing number of hospitals. While, the shifting inclination towards minimally invasive surgery and presence of alternate wound care management products is expected to impede the growth of the sutures market in the above mentioned forecast period. Additionally, the upsurge in the incidence rate of chronic diseases is also lifting the growth of the sutures market.
Global Sutures Market Country Level Analysis
Sutures market is analyzed and market size insights and trends are provided by country, product type, type, application and end user as referenced above.
The countries covered in the sutures market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the sutures market owing to the high adoption of technologically advanced devices, rising domestic income and strong presence of major companies in this particular region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2020 to 2027 owing to the introduction of technologically advanced products owing to rising investment by market players, high volume of surgeries and rising consumer disposable income levels in the region.
The country section of the sutures market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Sutures Market Scope and Market Size
Sutures market is segmented on the basis of product type, type, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
Based on product type, the sutures market is segmented into suture threads and automated suturing devices. Suture threads have further been segmented into absorbable sutures and non-absorbable sutures. Absorbable sutures are further sub-segmented into synthetic sutures and natural sutures. Synthetic sutures are also further sub-segmented into polyglactin 910 sutures, poliglecaprone 25 sutures, polydioxanone sutures, polyglycolic acid sutures and other synthetic sutures. Non-absorbable sutures are further sub-segmented into nylon sutures, prolene sutures, stainless steel sutures and other non-absorbable sutures. Automated suturing devices have further been segmented into disposable automated suturing devices and reusable automated suturing devices.
· On the basis of type, the sutures market is segmented into multifilament sutures and monofilament sutures.
· On the basis of application, the sutures market is segmented into cardiovascular surgery, general surgery, gynecological surgery, orthopedic surgeries, ophthalmic surgery, cosmetic and plastic surgery, neurological surgery and other applications.
· The end user segment of the sutures market is segmented into hospitals, ambulatory surgical centers and clinics and physician offices.
Competitive Landscape and Sutures Market Share Analysis
Sutures market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to sutures market.
The major players covered in the sutures market report are B. Braun Melsungen AG, Medtronic, Boston Scientific Corporation, Smith + Nephew, DemeTECH Corporation, Atramat, EndoEvolution, LLC, Surgical Specialties Corporation, Mellon Medical B.V., CONMED Corporation, W. L. Gore & Associates, Inc., Medline Industries, Inc, Teleflex Incorporated, Zimmer Biomet, Integra LifeSciences Corporation, Johnson & Johnson Services, Inc., Peters Surgical, AD Surgical, An American Company, Dolphin Sutures, USIOL Inc., and Lotus Surgicals among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Sutures market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for sutures market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the sutures market. The data is available for historic period 2010 to 2018.
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