Surgical Sutures - Global Market Outlook (2017-2023)

Surgical Sutures - Global Market Outlook (2017-2023)

  • Published: July 2017
  • ID: SMRC16570

According to Stratistics MRC, the Global Surgical Sutures Market is expected to grow from $3.82 billion in 2016 to reach $5.84 billion by 2023 with a CAGR of 6.3%. Increasing various surgical procedures, growing geriatric population coupled with chronic diseases, and advancements in product developments are some of the factors favouring the market growth. Furthermore, increasing healthcare awareness, encouraging government reimbursement policies are other factors bolstering the market growth. On the other hand, intensified competition among companies and stringent regulations are the constraints limiting the market growth.

The absorbable sutures segment leads the market globally with the biggest market share and is expected to grow with a high CAGR during the forecast period. The growth of this segment is attributed to increasing usage in internal organ surgeries. North America is leading the global market with a higher market share. Asia Pacific is projected to grow at a faster pace during the forecast period. Increasing government spending, growing numerous surgeries, and increasing in medical tourism are the factors contributing to the Asia Pacific market growth.

Some of the key players in Global Surgical Sutures Market include 3M Company, Apollo Endosurgery Inc., B. Braun Melsungen AG, Boston Scientific Corporation, Conmed Corporation, Demetech Corporation, Endoevolution LLC, Ethicon Inc. (A Subsidiary of Johnson & Johnson), Internacional Farmacéutica S.A. De C.V., Medtronic PLC, Mellon Medical B.V., Péters Surgical., Smith & Nephew, Surgical Specialties Corporation, and Sutures India Pvt Ltd.

Products Covered:
• Automated Suturing Devices
o Reusable Automated Suturing Devices
o Disposable Automated Suturing Devices
• Non-Absorbable Sutures
o Stainless Steel Sutures
o Prolene Sutures
o Nylon Sutures
o Other Non-Absorbable Sutures
• Absorbable Sutures
o Natural Sutures
o Synthetic Sutures

Materials Covered:
• Monofilament
• Multifilament
Applications Covered:
• Gynecological Surgeries
• Ophthalmic Surgeries
• General Surgeries
• Orthopedic Surgeries
• Cardiovascular Surgeries
• Other Applications

End Users Covered:
• Ambulatory Surgery Centers
• Hospitals
• Specialty Clinics
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain     
o Rest of Europe 
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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