North America Surgical Sutures Market, By Product (Suture Threads and Automated Suturing Devices), Type (Multifilament Sutures and Monofilament Sutures), Application (Cardiovascular Surgery, General Surgery, Gynaecological Surgery, Orthopaedic Surgeries, Ophthalmic Surgery, Cosmetic and Plastic Surgery, and Other Applications), End-User (Hospitals, Ambulatory Surgical Centres (ASC), Clinics and Physician Offices), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2029
Market Analysis and Insights of Surgical Sutures Market
Rising cases of surgical procedures, increased focus of the manufacturers on the adoption of advanced technologies and technological advances in the medical devices and rising expenditure on the healthcare infrastructure development especially in the developing economies are the major factors attributable to the growth of surgical sutures market. Data Bridge Market Research analyses that the surgical sutures market will exhibit a CAGR of around 5.30% for the forecast period of 2022-2029.
Surgical sutures are the medical devices or equipment that is used during the surgical procedures. Surgical sutures are used for holding purposes and assist in providing greater visibility to the surgeons.
The flexible government regulation for surgical procedures is one of the major factors fostering the growth of market. Rising technological developments in the suture design and features is another market growth determinant. Unhealthy lifestyle of the individuals, ever-rising geriatric population, rise in the preference for minimally invasive surgeries and increasing personal disposable income will further generate lucrative market growth opportunities.
However, unfavourable reimbursement policies, occurrence of substitute wound care management products and low awareness in the underdeveloped economies will create hindrance in the way of market growth. High costs associated with the research and development proficiencies and dearth of trained medical professionals will further derail the market growth rate. Inadequate healthcare infrastructure and stringent regulations imposed on the product approvals will also challenge the market growth rate.
This surgical sutures market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on surgical sutures market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Surgical Sutures Market Scope and Market Size
The surgical sutures market is segmented on the basis of product, type, application, and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the surgical sutures market is segmented into suture threads and automated suturing devices.
- On the basis of type, the surgical sutures market is segmented into multifilament sutures and monofilament sutures.
- On the basis of application, the surgical sutures market is segmented into cardiovascular surgery, general surgery, gynaecological surgery, orthopaedic surgeries, ophthalmic surgery, cosmetic and plastic surgery, and other applications.
- On the basis of end-users, the surgical sutures market is segmented into hospitals, ambulatory surgical centres (ASC), clinics, and physician offices.
Surgical Sutures Market Country Level Analysis
The surgical sutures market is analysed and market size insights and trends are provided by country, product, type, application, and end-user as referenced above.
The countries covered in the surgical sutures market report are U.S., Canada and Mexico.
U.S. is expected to dominate market share due to presence of key players in region and rising need for suturing devices and high adoption of technological advancement.
The country section of the surgical sutures market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The surgical sutures market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for surgical sutures market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the surgical sutures market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Surgical Sutures Market Share Analysis
The surgical sutures market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to surgical sutures market.
Some of the major players operating in the surgical sutures market are Smith & Nephew, DME Company, 3M, CONMED Corporation, Healthium Ltd., W.L. Gore & Associates, Inc., TEPHA INC., META BIOMED CO,. LTD., , Zimmer Biomet, Integra LifeSciences Corporation, Unimed, Assut Medical Sarl, DYNEK Pty Ltd, DemTech.com, SERAG-WIESSNER GmbH & Co.KG Zum Kugelfang, Boston Scientific Corporation, Teleflex Incorporated, Medtronic, Medline Industries, Inc, Peters Surgical, and B. Braun Melsungen AG among others.
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