Surgical sutures market segmented into cardiovascular surgeries, gynecological surgeries, orthopedic surgeries, ophthalmic surgeries, general surgeries. Cardiovascular surgeries segment expected to attain highest CAGR during 2016 to 2021.
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The surgical sutures market projected to reach USD 4.40 billion by 2021 from USD 3.46 billion in 2016, at a CAGR of 5% during forecast period. High growth in this region can be attributed to factors such as a large population base, increasing number of surgical procedures, growing medical tourism industry, increasing per capita income levels (and consequent increase in purchasing power), growing healthcare awareness, rising number of private sector hospitals, and development of primary healthcare infrastructure.
Complete report on Surgical Sutures Market spread across 192 Pages, Profiling 13 Companies and Supported with 232 Tables and 35 Figures is now available at www.rnrmarketresearch.com/surgical…arket-report.html .
Market for surgical sutures is expanding due to increasing number of surgical procedures, favorable reimbursement scenario for a number of surgical procedures, and launch of advanced sutures.
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The surgical sutures market is categorized by product, application, end user, and region. Based on product, the automated suturing devices segment is expected to grow at the highest CAGR during the forecast period.
Factors such as enhanced articulation, faster medical procedures by reducing the number of tools used for suturing, ease of handling, and reduced risk of injuries to surgeons are driving the automated suturing devices segment.
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North America dominated market in 2016 while markets in Asia are expected to grow at highest CAGR during forecast period. Factors like a large population base, increasing number of surgical procedures, growing medical tourism industry, increasing per capita income levels (and consequent increase in purchasing power), growing healthcare awareness, rising number of private sector hospitals, & development of primary healthcare infrastructure are driving growth of Asian surgical sutures market.
2 Market Share Analysis
3 Competitive Situation and Trends
4 Acquisitions & Mergers
5 Agreements and Collaborations
7 Product Launches
In surgical sutures market global as well as local players in the market offer several products across different subsegments. Key players include Ethicon Inc. (U.S.), B. Braun Melsungen AG (Germany), DemeTECH Corporation (U.S.), Medtronic plc (Ireland), Internacional Farmaceutica, S.A. de C.V. (Mexico), Sutures India Pvt. Ltd. (India), Péters Surgical (France), Smith & Nephew plc (U.K.), EndoEvolution, LLC (U.S.), and Boston Scientific Corporation (U.S.).
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Surgical sutures market is segmented into sutures & automated suturing devices. In 2016, sutures accounted for the largest share of market.
Dominance of this segment attributed to increasing number of surgeries. Automated suturing devices segment expected to grow at highest CAGR during 2016–2021.
This growth attributed to the growing preference for minimally invasive surgeries and advantages of automated suturing devices such as ease of handling & reduced risk of injuries to surgeons.
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