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Global Surgical Suture Market Forecast to 2023 - Market Drivers, Market Restraints & Opportunities

/EIN News/ -- Dublin, Oct. 10, 2018 (GLOBE NEWSWIRE) -- The "Surgical Suture Market by Product, Application, End User - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The surgical sutures market is expected to reach USD 5.02 billion by 2023 form USD 3.68 billion by 2018, at a CAGR of 5.4% from 2018 to 2023.

The report provides an overview of the surgical sutures market. It aims at estimating the market size and growth potential of this market across different segments such as product, type, application, end user, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

The global market for surgical sutures is witnessing steady growth primarily due to the increasing number of surgical procedures conducted, globally. The favorable reimbursement scenario for a number of surgical procedures and the launch of advanced sutures are further contributing to the market growth.

Based on application, the surgical sutures market is segmented into cardiovascular surgery, gynecological surgery, orthopedic surgery, ophthalmic surgery, general surgery, cosmetic surgery, and other applications. The cardiovascular surgery segment is expected to grow at the highest CAGR during the forecast period. The largest share of this application segment can be primarily attributed to the large number of cardiovascular surgeries performed across the world as a result of the high prevalence of cardiovascular diseases (CVDs).

In 2018, North America is estimated to account for the largest share of the market, followed by Europe. However, Asia is expected to register the highest CAGR during the forecast period. The high growth can be attributed to region's growing medical tourism industry, rising prevalence of chronic diseases, and favorable reimbursement scenario. Moreover, the key surgical sutures manufacturers are also focusing on gaining a competitive edge in these high-growth markets, which is aiding the growth in Asia.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Surgical Suture Market: Overview
4.2 Surgical Sutures Market, By Product, 2018 vs 2023
4.3 Geographic Analysis: Asian Surgical Suture Market, By Application
4.4 Surgical Sutures Market, By End User, 2018 vs 2023
4.5 Geographic Snapshot: Surgical Suture Market (2018-2023)

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
5.2.1 Market Drivers
5.2.1.1 Increasing Number of Surgical Procedures
5.2.1.2 Technological Advancements in Suture Design
5.2.1.3 Favorable Reimbursement Scenario
5.2.2 Market Restraints
5.2.2.1 Increasing Preference for Minimally Invasive Surgery
5.2.2.2 Presence of Alternative Wound Care Management Products
5.2.3 Opportunities
5.2.3.1 Low and Middle-Income Countries

6 Surgical Suture Market, By Product

6.1 Introduction
6.2 Suture Threads
6.2.1 Absorbable Sutures
6.2.1.1 Synthetic Sutures
6.2.1.1.1 Polyglactin 910 Sutures
6.2.1.1.2 Poliglecaprone 25 Sutures
6.2.1.1.3 Polydioxanone Sutures
6.2.1.1.4 Polyglycolic Acid Sutures
6.2.1.1.5 Other Synthetic Sutures
6.2.1.2 Natural Sutures
6.2.2 Non-Absorbable Sutures
6.2.2.1 Nylon Sutures
6.2.2.2 Prolene Sutures
6.2.2.3 Stainless Steel Sutures
6.2.2.4 Other Non-Absorbable Sutures
6.3 Automated Suturing Devices
6.3.1 Disposable Automated Suturing Devices
6.3.2 Reusable Automated Suturing Devices

7 Surgical Sutures Threads Market, By Type

7.1 Introduction
7.2 Multifilament Sutures
7.3 Monofilament Sutures

8 Surgical Suture Market, By Application

8.1 Introduction
8.2 Cardiovascular Surgery
8.3 General Surgery
8.4 Gynecological Surgery
8.5 Orthopedic Surgeries
8.6 Ophthalmic Surgery
8.7 Cosmetic & Plastic Surgery
8.8 Other Applications

9 Surgical Suture Market, By End User

9.1 Introduction
9.2 Hospitals
9.3 Ambulatory Surgical Centers (ASCS)
9.4 Clinics & Physician Offices

10 Surgical Suture Market, By Region

10.1 Introduction
10.2 North America
10.2.1 Us
10.2.2 Canada
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 Rest of Asia
10.5 Rest of the World

11 Competitive Landscape

11.1 Overview
11.2 Market Share Analysis
11.3 Competitive Scenario
11.3.1 Acquisitions
11.3.2 Agreements and Collaborations
11.3.3 Expansions
11.3.4 Product Launches
11.3.5 Other Developments (Venture Capital Investment)

12 Company Profiles

12.1 B. Braun Melsungen AG
12.2 Medtronic PLC
12.3 Ethicon Inc. (A Subsidiary of Johnson & Johnson)
12.4 Boston Scientific Corporation
12.5 Pters Surgical
12.6 Smith & Nephew
12.7 Demetech Corporation
12.8 Internacional Farmacutica S.A. De C.V.
12.9 Sutures India Pvt. Ltd.
12.10 Endoevolution LLC
12.11 Surgical Specialties Corporation (A Subsidiary of Angiotech Pharmaceuticals)
12.12 Mellon Medical B.V.

For more information about this report visit https://www.researchandmarkets.com/research/wjm98v/global_surgical?w=12

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