Ophthalmic Sutures Market to Grow with a CAGR of 6.48% through 2028
Rising advancements in ophthalmic surgery techniques are
expected to drive the Global Ophthalmic Sutures Market growth in the forecast
period, 2024-2028.
According to TechSci Research report, “Ophthalmic
Sutures Market – Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global Ophthalmic Sutures Market stood at USD
518.29 million in 2022 and is anticipated to grow with a CAGR of 6.48% in the
forecast period, 2024-2028. Ophthalmic sutures, specialized threads used in eye
surgeries, have become indispensable in the field of ophthalmology due to their
critical role in closing incisions and ensuring optimal post-operative outcomes.
One of the
primary drivers of the ophthalmic sutures market is the increasing prevalence
of eye disorders across the globe. Conditions like cataracts, glaucoma,
diabetic retinopathy, and age-related macular degeneration are becoming more
common, primarily due to factors like aging populations, sedentary lifestyles,
and rising diabetes rates. As these eye conditions necessitate surgical
intervention, the demand for ophthalmic sutures continues to grow. The aging
population, in particular, is a significant contributor to this trend, as older
individuals are more prone to age-related eye diseases.
Advancements in ophthalmic surgical techniques have
transformed the landscape of eye surgery. Surgeons now have access to minimally
invasive procedures, improved surgical instruments, and innovative approaches
that require high-precision sutures. These advances demand ophthalmic sutures
with superior quality, strength, and biocompatibility to ensure precise wound
closure and patient safety. Consequently, the market has responded with the
development of specialized sutures designed to meet the demands of modern eye
surgeries.
The global demographic shift towards an older
population is a significant driver of the ophthalmic sutures market. As people
age, the risk of developing eye diseases such as cataracts, glaucoma, and
age-related macular degeneration rises. This has led to a surge in the number
of ophthalmic surgeries performed to address these conditions. Ophthalmic
sutures are indispensable in these procedures, contributing to the market's
growth. Moreover, the aging population is more willing to invest in their eye
health, driving the demand for high-quality surgical materials and techniques.
The introduction of absorbable sutures has been a
game-changer, as they eliminate the need for suture removal, making
post-operative care more convenient for patients. These innovations cater to
the evolving needs of ophthalmic surgeons and contribute to the market's
growth.
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The Global Ophthalmic Sutures Market is segmented into
Type, End-use, Application, Regional Distribution, And Company.
Based on the Type, Synthetic emerged as
the dominant segment in the global market for Global Ophthalmic Sutures Market
in 2022. Synthetic sutures are designed to minimize tissue reactivity, reducing
the risk of inflammation and adverse reactions that can potentially affect
surgical outcomes. In the sensitive environment of the eye, minimizing such
reactions is paramount to successful eye surgeries. Some synthetic sutures,
like polydioxanone (PDO), are absorbable and have predictable absorption rates.
This is particularly valuable in ophthalmic surgeries as it allows surgeons to
choose sutures that match the required duration of support for the healing
tissue. Synthetic sutures come in various sizes, lengths, and configurations,
allowing ophthalmic surgeons to select the most suitable suture type for their
specific surgical needs. This versatility is essential when working in the
intricacies of eye surgery. Synthetic sutures tend to have a longer shelf life
compared to natural sutures, which is important in maintaining the sterility
and reliability of these products. This is particularly valuable in eye
surgeries, where precision and safety are of utmost importance.
Based on the Application, Cataract
surgery emerged as the dominant segment in the global market for Global
Ophthalmic Sutures Market in 2022. Cataracts are one of the most common eye
conditions globally, particularly among the aging population. As people age,
the likelihood of developing cataracts increases. Cataract surgery is the most
effective treatment for this condition, making it a high-demand procedure in
the field of ophthalmology. Cataract surgery is performed in large volumes
worldwide. The sheer number of cataract surgeries conducted each year
significantly contributes to the demand for ophthalmic sutures. Surgeons
require reliable and effective sutures to ensure successful outcomes in this
routine procedure. Modern cataract surgery, such as phacoemulsification, has
become minimally invasive, with smaller incisions and less tissue trauma. This
trend has led to a preference for sutures that offer fine and precise closure
of incisions, making ophthalmic sutures an integral part of the procedure.
Based on the End-use, Hospitals emerged
as the dominant segment in the global market for Global Ophthalmic Sutures
Market in 2022. med in a hospital setting. Hospitals are
equipped with advanced operating rooms, specialized ophthalmic equipment, and a
skilled medical staff, making them the preferred choice for a wide range of
ophthalmic surgeries, from cataract procedures to corneal transplants. Hospitals
provide comprehensive healthcare services, including specialized eye care
units, which makes them the go-to-choice for a wide array of ophthalmic
conditions. These facilities offer ophthalmic surgeons access to a range of
resources and support, contributing to the high demand for ophthalmic sutures. Hospitals
often invest in state-of-the-art medical equipment and technologies, which are
crucial for modern ophthalmic surgery. These resources, such as laser-assisted
surgical tools and advanced diagnostic equipment, play a significant role in
driving the demand for ophthalmic sutures, as they facilitate cutting-edge
surgical techniques and precision. Hospitals serve diverse
patient demographics, from children to the elderly, and offer specialized
services for patients of all ages. This broad patient base requires a wide
range of ophthalmic surgical procedures, contributing to the demand for
ophthalmic sutures.
North America emerged as the dominant
player in the Global Ophthalmic Sutures Market in 2022, holding the largest market share. North
America boasts a highly developed and advanced healthcare infrastructure. The
region is equipped with state-of-the-art hospitals, clinics, and ambulatory
surgical centers that offer cutting-edge ophthalmic care. This advanced
healthcare ecosystem allows for a wide range of ophthalmic surgeries,
contributing to a substantial demand for ophthalmic sutures. North America is
home to numerous pharmaceutical and medical device companies dedicated to
ophthalmic research and development. These companies continually innovate in
materials and suturing techniques, ensuring the availability of advanced
ophthalmic sutures that meet the evolving needs of surgeons.
Major companies operating in Global Ophthalmic
Sutures Market are:
- Medtronic Plc
- Accutome Inc.
- Asset Medical Sarl
- Alcon Inc.
- Aurolab
- B Braun Melsungen AG
- DemeTech Corporation
- FCI Ophthalmic Inc.
- Surgical Specialties Corp
- Teleflex Incorporated
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“The Global Ophthalmic
Sutures Market is poised for significant growth in the coming years. Anticipated
factors driving this expansion include the increasing prevalence of eye
disorders, particularly with the aging global population, and the rising
awareness of the importance of eye health. Technological advancements in the
field of ophthalmology are also contributing to the demand for high-quality
ophthalmic sutures, as surgeons seek innovative solutions to enhance surgical
outcomes. The emergence of absorbable sutures is simplifying post-operative
care and reducing patient discomfort, further fueling market growth. Additionally,
the global expansion of eye care services, the growing demand in the
Asia-Pacific region, and global health initiatives focused on eye health are
creating new opportunities for the ophthalmic sutures market.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Ophthalmic Sutures Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type
(Natural, Synthetic), By Application (Corneal transplantation surgery, Cataract
surgery, Vitrectomy surgery, Iridectomy surgery, Oculoplastic surgery, Others),
By End-use (Hospitals, Ambulatory Surgical Centers, Others) Region and
Competition”, has evaluated the future growth potential of Global Ophthalmic
Sutures Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
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 Global Ophthalmic Sutures
Market.
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