Vietnam Surgical Suture Market to grow with a CAGR of 6.00%
Increasing healthcare infrastructure and a supportive regulatory
environment are the major drivers for the Vietnam Surgical Suture Market.
According to TechSci Research report, “Vietnam Surgical Suture Market Industry
Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, Vietnam Surgical Suture Market
has valued at USD 34.52 million in 2022 and is anticipated to witness an
impressive growth in the forecast period with a CAGR of 6.00% through 2028. This can be due to collaborations and
partnerships among leading companies with a diverse approach to merge the
expertise of individual companies and to strengthen their position in the
market.
Patient safety and infection control are significant drivers for the Vietnam
Surgical Suture Market. Ensuring the safety of patients and minimizing the risk
of infections are paramount concerns in healthcare settings, and surgical
sutures play a crucial role in achieving these objectives. Surgical sutures are
used to close wounds and incisions made during surgical procedures. Proper
wound closure is essential to prevent complications such as infections,
dehiscence (wound reopening), and excessive scarring. Sutures help to keep the
wound edges aligned, promoting optimal healing, and reducing the risk of
complications. Sutures help create a physical barrier that reduces the risk of
pathogens, such as bacteria, entering the surgical site. The choice of suture
material and technique can impact infection control. Some sutures are coated
with antimicrobial agents to further reduce the risk of surgical site
infections. Infections and wound-related complications can lead to extended
hospital stays, increased healthcare costs, and patient discomfort. Effective
wound closure using surgical sutures can help reduce the incidence of these
complications, improving patient outcomes and safety.
Browse over XX market data Figures and spread through 110 Pages and an in-depth TOC on " Vietnam Surgical Suture Market.”
The surgeons can offer pre-operation instructions, post-care guidelines,
and a checklist of things that need to be done before the procedure via mobile
apps. By doing this, healthcare practitioners may better utilize their
employees, procedure rooms, and patient care. Similar approaches are assisting
hospitals and ambulatory surgery centers in recovering from the loss they
sustained during the epidemic and generating income at a rate like that before
COVID. This has further aided in the market's ability to thrive.
In January 2022, by breaking ground on a new factory, B. Braun increases
its presence in Vietnam. With an initial
investment of USD 5 million and a construction footprint of roughly 4000m2, the
Haemodialysis Concentrate Factory will allow B. Braun Vietnam to supply the
domestic and international markets with more than 2.5 million 10-litre
canisters of hemodialysate each year. Additionally, the plant will assist in
developing new skills and jobs for around 160 workers. Additionally, it will
make it possible for B. Braun Vietnam to continue serving the market and
contribute to the daily protection and enhancement of the health of thousands
of patients in Vietnam and all over the world.
Environmental concerns are a challenge for the Vietnam
Surgical Suture Market, as sustainability and eco-friendliness gain importance
in healthcare and across various industries. There is increasing pressure to
develop surgical sutures that are biodegradable and environmentally friendly.
Traditional sutures, especially those made from synthetic materials, may
contribute to medical waste and environmental pollution when not properly
disposed of. Biodegradable sutures break down naturally over time, reducing
their environmental impact. Healthcare
providers and facilities are seeking ways to reduce medical waste, which
includes used sutures. Proper disposal and management of surgical sutures are
essential to minimize their impact on the environment. Environmentally
conscious practices are becoming a part of healthcare protocols. Suture manufacturers are exploring ways to reduce
the energy consumption and environmental impact of their manufacturing
processes. Energy-efficient production methods can contribute to a more
sustainable supply chain.
Vietnam Surgical Suture Market segmentation is
based on Type, End User, and Region.
Based on Type, Vietnam Surgical Suture Market is
segmented into Automated Suturing Devices, Suture Thread. Suture thread,
also known simply as suture, is the material used in surgical sutures to close
wounds or incisions made during medical procedures. It is a crucial component
of surgical and medical practices, as it helps to hold tissue edges together,
promote healing, and minimize the risk of infection. Suture thread is typically
made from various materials, each with its unique properties and intended uses.
Suture thread comes in various sizes or diameters, which are often denoted by
numbers. Smaller numbers represent thicker sutures, while larger numbers
represent thinner sutures. The choice of suture size depends on factors like
the type of tissue being sutured, the location of the wound, and the surgeon's
preference. Surgeons use various suture patterns, or stitching techniques, to
close wounds. The choice of suture pattern depends on factors like the type of
tissue, location, and specific requirements of the procedure. Common suture
patterns include interrupted sutures (individual stitches), continuous sutures
(running stitches), and mattress sutures (horizontal and vertical stitches).
Based on Region, Central Vietnam dominated the
Vietnam Surgical Suture Market. The region has a relatively high
volume of surgical procedures, driven by various factors including the region's
aging population, lifestyle-related health issues, and advanced medical
treatments. This high surgical caseload results in a substantial demand for surgical
sutures. The regional healthcare industry is at the forefront of technological
advancements and medical innovation. This includes the adoption of advanced
surgical techniques and minimally invasive procedures, all of which require
surgical sutures. Many cities in Central Vietnam have access to health
insurance, which facilitates healthcare utilization, including surgical
interventions. This insurance coverage plays a role in the demand for surgical
sutures.
Northern Vietnam region to fastest growth in the Vietnam Surgical Suture Market.
The region has experienced a significant increase in surgical volumes due to a
growing population, changing demographics, and an increase in the prevalence of
chronic diseases. This has resulted in a higher demand for surgical sutures
across various medical specialties. The economic growth and rising disposable
incomes in several Northern Vietnam Cities have led to increased access to
healthcare services. Patients are more likely to seek surgical treatments when
necessary, contributing to higher surgical procedure rates. Some cities in the Northern
Vietnam region have become popular destinations for medical tourism. Patients
from other countries travel to the region’s city for high-quality and
cost-effective healthcare services, including surgeries. This trend further
fuels the demand for surgical sutures.
Some of the major companies operating in the Vietnam Surgical Suture Market include:
- CPT Sutures Co., Ltd.
- USM Healthcare
- Medical Devices and Biomaterial Plant
Joint Stock Company (MEDEP)
- Medtronic Vietnam
- Johnson & Johnson Vietnam
- Stryker Vietnam
- B.Braun Vietnam Co., Ltd.
- Smith & Nephew Vietnam
- Pinnacle Health
Co., Ltd.
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“Certain areas, particularly in Central
Vietnam, are projected to exert significant demand for Suture to perform
surgeries. The growth in the competitive landscape and the presence of
well-established companies in the market, committed to enhance the overall
wellbeing of people each year, are expected to contribute to a remarkable
growth of the Vietnam Surgical Suture Market in the forecast period," said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based Vietnam
management consulting firm.
Vietnam Surgical Suture Market - Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented by Product
(Fixed Type and Removable Type), by Patient (Adults and Children), and By
Region, Competition evaluated the future growth potential of Vietnam Surgical Suture Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide innovative market intelligence and
help decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Vietnam Surgical Suture Market.
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