Surgical Sutures Market to Grow with Impressive CAGR during the Forecast Period
Increased
awareness among patients is driving the growth in Global Surgical Sutures
Market in the forecast period, 2022-2026.
According to TechSci Research report, “Global Surgical
Sutures Market
By Product Type (Automated Suturing Device {Disposable v/s Reusable} v/s Suture
Thread {Monofilament v/s Multifilament}) By Application (Cardiovascular
Surgery, General Surgery, Gynecological Surgery, Orthopedic Surgery, Ophthalmic
Surgery) By End User (Hospitals & Clinics, Ambulatory Care Centers, Others)
By Region, Competition Forecast & Opportunities, 2026”, the global surgical sutures market may potentially project an
impressive growth in the forecast period, 2022-2026, with an impressive CAGR on
the account of increasing number of surgical procedures performed as a
treatment measure for the chronic diseases, trauma incidents, as well as any
other emergency procedures. Increased awareness among the population regarding
the technologically advanced suturing and the awareness for the surgeons to
provide the best possible health care is driving the growth of the market in
the next five years. Moreover, healthcare facility is advancing in the recent
years and research and development is carried out. Increasing preference for
minimally invasive and robotic and computer-assisted surgery is likely to boost
the market growth since all the surgeries require surgical sutures and surgeons
with the experienced outlook provide best possible health care services to the
patients.
Furthermore, rising geriatric population is more prone to the chronic
diseases and thereby are more susceptible to the surgical processes. Rising
number of diseases like cardiovascular failure, neurological failures, cancer,
and other diseases often requires surgeries and thereby drive the growth of the
market in the next five years.
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The global surgical suture market is segmented by product type,
application, end user, competitional landscape, and regional distribution. Based
on product type, the market is further segmented by automated suture devices,
and suture thread. Automated suture devices are further sub-segmented into
disposable and reusable automated suture devices. Whereas suture thread is
further divided into monofilament ad multifilament. Automated suture devices
are the artificial suture conducting medical devices that seals the open wounds
close and promotes the self-healing of the wounds from surgery or trauma. The
automated suture devices are anticipated to register the fastest growing CAGR
on the account of technological advancement being carried out. Moreover, the
suture thread is expected to hold the largest shares of the market on the
account of its being an age-old practice being carried out. Also, monofilament
sutures are a single thread material that easily passes through the tissues.
Multifilament is braided threads suture that may provide more security of the
suture but also risks infection chances.
Based on application, the market is further bifurcated into cardiovascular
surgery, general surgery, gynecological surgery, orthopedic surgery, and
ophthalmic surgery. Cardiovascular surgery is anticipated to hold the largest
amount of revenue shares of the market and assert its dominance over the market
in the upcoming five years. The market growth can be attributed to rising
number of patients suffering from cardiovascular diseases and advanced
healthcare services that provides early diagnosis and efficient treatments.
Cardiovascular surgeries are the heart surgeries that are often performed in
cases of the heart failures or heart repairs. They can be open heart surgeries
or minimally invasive surgeries. Surgical sutures are involved in both kind of
surgeries. Gynecological surgery is the surgical processes that is performed in
case of pregnancy, urinary tract diseases, and sex change surgeries. Orthopedic
surgeries are the bone transplant or bone repair surgeries. They can also be
performed by open organ or minimally invasive method. Ophthalmic surgeries are
critical eye surgeries and are often conducted via minimally invasive surgical
devices.
Holding the major shares of the market are Johnson & Johnson
(Ethicon, Inc.), Medtronic Plc, Braun Melsungen Ag., Advanced Medical Solutions
Group Plc, Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith &
Nephew Plc., Surgical Specialties Corporation, Boston Scientific Corporation,
Demetech Corporation, among others. Market players are actively involved in the
research and technological development in the product manufacturing. The
advanced technology has made it possible for the healthcare industry to provide
excellent surgical processes through surgical sutures. Further advancement
would aid the market value and brand establishment in the future five years.
New market players may focus on the research and development to provide
satisfaction to the consumer as well as benefits the market players in building
their brand value. Other competitive strategies include mergers &
acquisitions and new product developments.
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“North America is
expected to dominate the regional segmentation of the market. The excellent
healthcare facility in the countries like United States and Canada strengthens
the claim for the upcoming five years. Moreover, technological advancements,
FDA approvals for the advancing techniques along with the higher domestic
income ad presence of the major market players in the region is the main reason
behind its dominance. Although Asia Pacific region is expected to show a steep
growth in the future five years on the account of latest introduction of the
advancing technology, increased number of surgeries in the counties like India,
China, along with the rising medical tourism and increased disposable income
among the population,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based Global management consulting firm.
“Global Surgical Sutures
Market By Product Type (Automated Suturing Device {Disposable v/s Reusable} v/s
Suture Thread {Monofilament v/s Multifilament}) By Application (Cardiovascular
Surgery, General Surgery, Gynecological Surgery, Orthopedic Surgery, Ophthalmic
Surgery) By End User (Hospitals & Clinics, Ambulatory Care Centers, Others)
By Region, Competition Forecast & Opportunities, 2026”, has evaluated the
future growth potential of global surgical sutures 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 surgical sutures market.
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