SAN FRANCISCO, January 21, 2019 /PRNewswire/ --
The global surgical suture market size is
expected to reach at USD 5.9 billion
by 2025, according to a new report by Grand View Research, Inc. It
is anticipated to expand at a CAGR of 6.5% over the forecast
period. The increasing cases of complicated surgeries and awareness
regarding patient safety during surgeries are expected to drive the
market in the next few years.
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Aging baby boomers and introduction of various sutures by the
market players are other high impact rendering market drivers. For
instance, in November 2015, the U.S.
Food and Drug Administration (FDA) approved RESORBA suture range
developed by Advanced Medical Solutions Group plc.
Furthermore, advantages associated with multivalent sutures over
staples and adhesives in complicated surgeries are likely to propel
the market growth during the forecast period. Staples cause more
pain and are less precise in complicated wound closure, hence
sutures are preferred over staples. This factor is anticipated to
bode well for the growth of the market for surgical sutures over
the forecast period.
Increasing number of surgical procedures due to the presence of
a large geriatric population, government support in various
countries, and favorable reimbursement scenario are likely to
further drive the market in the forthcoming years.
The type segment comprises absorbable and non-absorbable
sutures. Absorbable suture provides temporary support to wound till
it heals, can withstand normal stress, and there is no need to
remove it post-surgery as it gets absorbed in the body after a
certain period. This factor is anticipated to drive the demand for
this type in near future.
Browse full research report with TOC on
"Surgical Sutures Market Size, Share & Trends
Analysis Report By Type (Absorbable, Nonabsorbable), By Filament
(Monovalent, Multivalent), By Application, By End Use, And Segment
Forecasts, 2019 - 2025" at:
https://www.grandviewresearch.com/industry-analysis/surgical-sutures-market
Further Key Findings From the Report Suggest:
- Absorbable suture accounted for the largest market share in
2017 and is expected to maintain its share in the coming years
- Multivalent filament accounted for the maximum market share in
2017 due to its high strength, pliability, and more flexibility
than monovalent filament
- Cardiovascular surgery segment accounted for the largest share
of the market by application in 2017, attributed to adoption of
minimally invasive surgeries and rising number of cardiovascular
surgeries performed around the world due to high incidence of
cardiovascular diseases and development
- North America accounted for
the largest share of the surgical sutures market in 2017 and is
expected to maintain its dominance in the coming years due to the
presence of major market players
- Some of the major market players are Ethicon Inc.; Medtronic;
Integra LifeSciences; Péters Surgical; Internacional Farmacéutica;
Sutures India Pvt. Ltd.; B. Braun Melsungen AG; and Smith &
Nephew.
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Grand View Research has segmented the global surgical sutures
market on the basis of type, filament, application, and
region:
- Surgical Sutures Type Outlook (Revenue, USD Million, 2014 -
2025)
- Surgical Sutures Filament Outlook (Revenue, USD Million,
2014 - 2025)
- Surgical Sutures Application Outlook (Revenue, USD Million,
2014 - 2025)
- Ophthalmic Surgery
- Cardiovascular Surgery
- Orthopedic Surgery
- Neurological Surgery
- Others
- Surgical Sutures End Use Outlook (Revenue, USD Million, 2014
- 2025)
- Hospital
- Ambulatory Surgical Centers and Clinics
- Surgical Sutures Regional Outlook (Revenue, USD Million,
2014 - 2025)
- North America
- Europe
- Germany
- Spain
- Italy
- France
- U.K.
- Asia Pacific
- Latin America
- Middle East & Africa
Explore the BI enabled intuitive market research
database, Grand View Compass, by Grand View Research,
Inc.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company
provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant
and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
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Grand View Research, Inc.
Phone: 1-415-349-0058
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Email: sales@grandviewresearch.com
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