While conducting the study for surgical sutures, we have segmented the surgical sutures market by product, and application. On the basis of product, the market is segmented as absorbable sutures and non-absorbable sutures. The absorbable sutures are further sub-segmented as natural sutures and synthetic sutures.
Surgical Sutures Market in Asia Pacific is estimated to grow from US$ 504.2 Mn in the year 2017 and is estimated to reach US$ 816.9 Mn by 2025 growing at a CAGR of 6.2% over the forecast period.
The application segment is classified as cardiovascular surgeries, orthopedic surgeries, general surgeries, gynecology surgeries, ophthalmic surgeries and others. Geographically, the global market for surgical sutures is segmented into the regions such as North America, Europe, Asia Pacific, Middle East & Africa and South and Central America.
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Asia Pacific is the fastest growing market for the surgical sutures and it occupies third position in the global surgical sutures market and is estimated to register significant growth rate over the forecast period. Factors such as increasing cardiovascular surgeries, gastroenterology surgeries in Japan and China and the rise in the medical tourism in India are driving the growth for the surgical sutures market in the forecasted period.
The market is likely to boost in future due to the various factors, one of them is the performance of the key players that are aiming to the reach their customers through geographical expansions and introductions of new products among the others.
For instance, Ethicon USA, LLC holds the maximum market share of 47.4% in the suture market. In addition, to this factor another factor which is boosting the growth of the surgical sutures in the Asia Pacific region is the increasing number of the aesthetic surgeries.
For instance, in Japan maximum population is obsessed with the eyelid surgery which is unusual in the world’s aesthetic procedures list. As per the International Society of Aesthetic Plastic Surgery, along with the countries in the Asia region Japan holds more than one fifth of the 1.3 million eyelid procedures carried out across the world.
The polyglactin suture segment among the absorbable sutures segment held the maximum market share in the year 2017, which is estimated to grow at a CAGR of 6.3% and is anticipated to maintain its dominance during the forecast period from 2018 to 2025 therefore it will be responsible to contribute maximum to the absorbable sutures a market’s overall revenue in the coming future.
The market for surgical sutures in global market consists of well-recognized as well as emerging companies operating at the regional as well as local level.
Some of the companies operating in the surgical sutures market include: B. Braun Melsungen AG, Medtronic, Ethicon USA, LLC, Smith & Nephew, Atramat, Demetech Corporation, Sutures India, Péters Surgical, Teleflex Medical OEM, Serag-Wiessner GmbH & CO. KG among others.
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