The report covers market drivers and constraints derived from SWOT analysis and all competition and variable factors are acquired from Porter’s Five Forces Analysis, a very useful tool in the analysis of the competitive environment in which a product or company operates. In order to give the facts and data pictorial form, diagrams, graphs, pie charts, and other representations have been used. The main objective of this Global Surgical Sutures Market concerning the Global Surgical Sutures Market is to aid the user in understanding the market as a whole, its definitions, segmentation, market potential, influential trends, and the barriers that it is facing currently. Careful research and analysis constituted an important part of the report’s preparation. Those who read the report can get a clear understanding of the market. Industry experts have verified and re-verified data and information from credible sources, such as websites, company annual reports, journals and other resources.
Global Surgical Sutures Market is expected to reach USD 4,957.29 million by 2024 from USD 3,540.00 million in 2016, at a CAGR of 4.4% in the forecast period 2017 to 2024.
The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Major Players: Global Surgical Sutures Market
The Ethicon U.S., LLC.is going to dominate the global surgical sutures followed by Medtronic, Smith & Nephew and other players operating in this market are include B. Braun Melsungen AG, Demetech Corporation, Conmed Corporation, W.L. Gore & Associates, Zimmer Biomet, Miltex (A Integra LifeSciences Corporation Company), Teleflex Incorporated, Boston Scientific Corporation, MEDLINE INDUSTRIES, INC. among others.
Analysis on the market gives us these points
To gain insights about the major regional insights in which the Global Surgical Sutures Market is flourishing.
To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
Product Development/Innovation: Detailed insights on the product approvals, R&D activities, and product launches in the Global Surgical Sutures Market Recent industry trends and developments
To describe and forecast the Global Surgical Sutures Market, in terms of value, by the process, product type, and industry.
Potential and niche segments/regions exhibiting promising growth
Segmentation: Global Surgical Sutures Market
By Product Type
- Absorbable Sutures
- Natural Material
- Stainless Steel,
Automated Suturing Devices
By Surgery Type
- General Surgery,
By End User
- Ambulatory Centres,
- Community Healthcare
- North America,
- South America,
- Middle East And Africa
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Drivers: Global Surgical Sutures Market
The major factors driving the growth of this market are rising need to manage blood loss in patients, growing number of surgical procedure, technological advancements in surgical suture products, rise in aging population & increase in chronic diseases and easy adoption due to the FDA and CE marking approval of the market. On the other hand, lack of proper sterilization system in healthcare organizations and unfavourable taxation policies may hinder the growth of the market.
RISING NEED TO MANAGE BLOOD LOSS IN PATIENTS
Blood loss occurs due to different surgeries, accidents, internal causes and many more due to which it increases the demand for managing blood loss. Surgical sutures are used for the prevention of blood loss and in facilitating the wound closures through the surface or joints or openings in materials, along with less painful operation without the need of removal. Sutures (stitches) are one of the oldest methods that are still in use for the closure of an incision.
The specialist uses a sterilized thread, which is made of various products such as natural materials (silk or catgut) or synthetic fibers, for stitching the edges of the cut together with a special curved needle. The application of sutures help in good closure capabilities, avoid complications as well as can be implemented faster and prevent both intra operative and post-operative decrease in hemoglobin.
GROWING NUMBER OF SURGICAL PROCEDURE
Surgical sutures are widely accepted in various surgical procedures related to the area such as general surgery, urology, orthopaedic surgery, gynaecology surgeries, ophthalmology surgeries central nervous system, cosmetic surgery, pulmonary surgery and many others due to their helping factors such as faster implementation, easy to use, minimizes the risk of infections and many more. It has increased its concern in respect to reduce surgical wounds by introducing more research and development activities related to it.
Recently, extensive research endeavours have made to build flexible, biocompatible and biodegradable sutures for the formation of leak-free closures in delicate and soft tissues. Hence the sutures are required to be more elastic and consistent to allow normal function and movement of flexible tissues such as skin, lungs, heart tissues and blood vessel.
Following are few of the statistics related to surgical procedures:
According to International Survey on Aesthetic/Cosmetic Surgery, in 2014, U.S. ranked first in conducting number of surgeries with 15.4%, Brazil with 13.9% South Korea with 4.6%, Mexico with 4.0%, Japan with 3.4%, and Germany with 3.0%.
According to International Society of Aesthetic Plastic Surgery ( (ISAPS), in 2017, USA, Brazil, Japan, Italy and Mexico accounts 41.4% of the world’s cosmetic procedures, followed by Russia, India, Turkey, Germany and France.
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