Suture wire Market is expected to Reach CAGR of 9.8% during Forecast period 2017-2023

Market Research Future published a half-cooked research report on global suture wire devices. Suture wire Market is expected to Reach CAGR of 9.8% during Forecast period 2017-2023

Suture wire market research report, by type (absorbable, non-absorbable), by application (surgery, veterinary, and other) by end users (hospitals, clinics, other) – global forecast till 2023

Suture wires are the thread like medical device which are used during the surgeries for holding body tissue. Suture wire is using since ancient time for the treatment but development in the material of the wire has increased their application in medial field. Global suture wire market is driven by introduction on new and better material for suture wire and increasing prevalence of different chronic diseases. Changing life style, increasing aging population and increasing governmental support for research has also driven the market. On other hand, strict regulatory rules and high cost of surgeries has restrained the growth of market.  

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Segmentation:
Global suture wire market is segmented on the basis of type, application and end users. On the basis of type the market is segmented into absorbable suture and non-absorbable suture. Absorbable suture is sub segmented into polyglycolic acid, polylactic acid, polydioxanone and monocryl. Non- absorbable sutures are sub segmented into nylon, polyester, polypropylene and other. On the basis of application the market is segmented into surgery, veterinary, and other. Surgery is further sub segmented into cardiac, renal, dental and other. On the basis of end users it is segmented into hospitals, clinics and other. 

The major key player for the global suture wire market are 

  • Boston Scientific Corporation (US)
  • Demetech Corporation (US)
  • Endoevolution Llc (US)
  • Ethicon Inc. (US)
  • Apollo Endosurgery Inc. (US)
  • B. Braun Melsungen AG (Germany)
  • Smith & Nephew Plc. (UK)
  • Surgical Specialties Corporation (Germany)
  • Sutures India Pvt Ltd (India)
  • Internacional Farmacéutica S.A. (US)
  • Medtronic PLC (UK)
  • Peters Surgical (France)
  • Covidien Plc. (UK)
  • Jiangxi Longteng Co. Ltd. (China)
  • DemeTech (US)
  • Teleflex Incorporated (US)
  • Lotus Surgicals Pvt Ltd. (India)

Suture market across the globe is continuously changing due to acquisition of local manufactures with multinational companies. Some companies are focusing on the new product developments while some has adopted strategies of acquisitions and strategic alliances for the growth of the market.
Boston Scientific Corporation is a worldwide developer, manufacturer and marketer of medical devices. A wide range of products of this company are available in market. Company has acquired Schneider and EP Technologies. Different types of suture wire having different diameter are available in the market. The market of this company is increased by 12% in 2016 compare to 2015.
DemeTech Corporation is a world renowned leader in surgical sutures and blades headquartered in US. Company has provide sutures of paramount quality at a lower and more reasonable cost which has increased the market of company. Polypropylene Sutures wire and Silk Sutures wires are famous product of the company and generate major amount of revenue. Company is majorly focusing on development of the new product to increase the product range.
Medtronic is a medical device manufacturer headquartered in UK. It is the world’s largest standalone medical technology development company. Company has a wide range of absorbable and non- absorbable products. Company recently introduced V-Loc wound closure device which is a revolutionary technology that eliminates the need to tie knots, so that the physician can close incisions up to 50% faster without compromising strength and security. Dermalon, Monosof, Surgilon and Surgidac are some of the non- absorbable products. Maxon is a veterinary suture manufactured by company.

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Study objectives global suture wire market

  • Detailed information about the factors affecting the growth of the global suture wire market.
  • Detailed analysis of parent market with respect to all the possible segmentation of the market.
  • Detailed analysis of emerging key players for the market with their effective strategies.
  • Detailed Information about the present and forecasted market and factors that influences the market on global scale.
  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global suture wire market.
  • Analysis of the market of the different factors like- price analysis, supply chain analysis, porters five force analysis etc.
  • Detailed information on the possible segments and sub segments of the market. And regional analysis of the market- America, Europe, Asia Pacific and Middle East and Africa.
  • Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Detailed information on trends and the opportunities in various regions. 

Intended Audience

  • Suture wire manufacturers
  • Suture wire suppliers
  • Research and Development (R&D) Companies
  • Independent Research Laboratories
  • Government and Independent Regulatory Authorities
  • Market Research and Consulting Service Providers
  • Medical Research Laboratories
  • Academic Medical Institutes and Universities 

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The report for global suture wire market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.

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