Increased awareness among patients is driving the growth in Global Surgical Sutures Market in the forecast period, 2022-2026.
Increased awareness among the population regarding the technologically advanced suturing and the awareness for the surgeons to provide the best possible health care is driving the growth of the market in the next five years. Moreover, healthcare facility is advancing in the recent years and research and development is carried out. Increasing preference for minimally invasive and robotic and computer-assisted surgery is likely to boost the market growth since all the surgeries require surgical sutures and surgeons with the experienced outlook provide best possible health care services to the patients.
Furthermore, rising geriatric population is more prone to the chronic diseases and thereby are more susceptible to the surgical processes. Rising number of diseases like cardiovascular failure, neurological failures, cancer, and other diseases often requires surgeries and thereby drive the growth of the market in the next five years.
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The global surgical suture market is segmented by product type, application, end user, competitional landscape, and regional distribution. Based on product type, the market is further segmented by automated suture devices, and suture thread. Automated suture devices are further sub-segmented into disposable and reusable automated suture devices. Whereas suture thread is further divided into monofilament ad multifilament. Automated suture devices are the artificial suture conducting medical devices that seals the open wounds close and promotes the self-healing of the wounds from surgery or trauma.
The automated suture devices are anticipated to register the fastest growing CAGR on the account of technological advancement being carried out. Moreover, the suture thread is expected to hold the largest shares of the market on the account of its being an age-old practice being carried out. Also, monofilament sutures are a single thread material that easily passes through the tissues. Multifilament is braided threads suture that may provide more security of the suture but also risks infection chances.
Based on application, the market is further bifurcated into cardiovascular surgery, general surgery, gynecological surgery, orthopedic surgery, and ophthalmic surgery. Cardiovascular surgery is anticipated to hold the largest amount of revenue shares of the market and assert its dominance over the market in the upcoming five years. The market growth can be attributed to rising number of patients suffering from cardiovascular diseases and advanced healthcare services that provides early diagnosis and efficient treatments.
Cardiovascular surgeries are the heart surgeries that are often performed in cases of the heart failures or heart repairs. They can be open heart surgeries or minimally invasive surgeries. Surgical sutures are involved in both kind of surgeries. Gynecological surgery is the surgical processes that is performed in case of pregnancy, urinary tract diseases, and sex change surgeries. Orthopedic surgeries are the bone transplant or bone repair surgeries. They can also be performed by open organ or minimally invasive method. Ophthalmic surgeries are critical eye surgeries and are often conducted via minimally invasive surgical devices.
Holding the major shares of the market are Johnson & Johnson (Ethicon, Inc.), Medtronic Plc, Braun Melsungen Ag., Advanced Medical Solutions Group Plc, Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew Plc., Surgical Specialties Corporation, Boston Scientific Corporation, Demetech Corporation, among others. Market players are actively involved in the research and technological development in the product manufacturing.
The advanced technology has made it possible for the healthcare industry to provide excellent surgical processes through surgical sutures. Further advancement would aid the market value and brand establishment in the future five years. New market players may focus on the research and development to provide satisfaction to the consumer as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
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“North America is expected to dominate the regional segmentation of the market. The excellent healthcare facility in the countries like United States and Canada strengthens the claim for the upcoming five years. Moreover, technological advancements, FDA approvals for the advancing techniques along with the higher domestic income ad presence of the major market players in the region is the main reason behind its dominance. Although Asia Pacific region is expected to show a steep growth in the future five years on the account of latest introduction of the advancing technology, increased number of surgeries in the counties like India, China, along with the rising medical tourism and increased disposable income among the population,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
“Global Surgical Sutures Market By Product Type (Automated Suturing Device {Disposable v/s Reusable} v/s Suture Thread {Monofilament v/s Multifilament}) By Application (Cardiovascular Surgery, General Surgery, Gynecological Surgery, Orthopedic Surgery, Ophthalmic Surgery) By End User (Hospitals & Clinics, Ambulatory Care Centers, Others) By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of global surgical sutures and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global surgical sutures market.
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