Absorbable Surgical Sutures Market Overview
According to the analysis by Market Research Future (MRFR), the global absorbable surgical sutures market is expected to acquire notable market value, thriving at a significant CAGR during the forecast period from 2018 to 2023.
The rise in cosmetic and peripheral surgeries is likely to be one of the significant causes driving the absorbable surgical sutures market 2020. The advancement of capabilities and materials in surgical sutures is likely to increase its demand and expand the market during the review period. Furthermore, the growing investment in healthcare infrastructure and increasing medical tourism are expected to enhance the requirement for an advanced surgery method than propel the market.
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On the contrary, the increasing preference for minimally invasive surgeries is expected to hinder the market in the coming period. However, the incorporation of advanced features in surgical sutures, such as; elastic and electronic sutures, anti-microbial sutures, can aid in boosting the market during the review period.
Absorbable Surgical Sutures Market Segmentation
The segmental analysis of the global absorbable surgical sutures market is done by structure, type, application, and end-user.
The structure-based segments of the global absorbable surgical sutures market are monofilament and multifilament sutures.
The type-based segments of the global absorbable surgical sutures market are synthetic and natural sutures. Synthetic sutures segment has been further segmented into vicryl, poliglecaprone suture (Monocryl), polydioxanone suture (PDS). Natural sutures segmente has been further segmented into catgut suture, collagen, and polyglycolic acid suture.
The application-based segments of the global absorbable surgical sutures market are orthopedic surgeries, cardiovascular surgeries, general surgery, gynecological surgeries, and other surgeries.
The end-user-based segments of the global absorbable surgical sutures market are clinics, hospitals, ambulatory surgery centers, and others.
Absorbable Surgical Sutures Market Regional Analysis
Based on the region, the global market for absorbable surgical sutures market is segmented into North America, Asia-Pacific, Europe, and the Rest of the World (RoW).
As per the assessment, North America is anticipated to dominate the global market owing to the increasing adoption of advanced medical technologies. The increasing awareness among the populace is likely to strengthen the market in the coming period. Further, the growing incidence of chronic diseases is likely to increase demand for advanced medical equipment in the region which can augment the market in the coming period. Among all, the US and Canada are expected to make significant contribution in developing the regional market due to high disposable income and advanced healthcare infrastructure.
Europe is predicted to acquire second-largest market share during the forecast period owing to the growing cardiovascular disorders. Further, the increasing demand for surgeries with rising requirement for developed treatment methods are anticipated to strengthen the market in the assessment period.
The APAC region is anticipated to be a lucrative market during the forecast period. Further, the presence of countries like India is expected to drive the market notably owing to the increased cases of cardiovascular diseases. Further, the country is likely to be create significant demand for open surgeries that can develop the regional market notably.
The MEA region is expected to account for the smallest market share during the review period owing to a poor healthcare infrastructure. Further, lack of awareness and lack of expertise is anticipated to further hinder the market expansion.
Absorbable Surgical Sutures Market Key Players
Some of the eminent players of the global absorbable surgical sutures market are B. Braun Melsungen AG (Germany), Ethicon Inc. (USUS), DemeTECH Corporation (USUS), Internacional Farmaceutica, S.A. de C.V. (Mexico), Medtronic plc (Ireland), Sutures India Pvt. Ltd. (India), W.L. Gore & Associates(US), and Smith & Nephew plc (UK).
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