Surgical Sutures Market In Depth Industry Analysis on Trends, and Growth Opportunities

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Surgical Sutures Market to Reach 4.7 billion by
2023
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Surgical Sutures Market
According to the study, the global surgical
sutures market is likely to grow from 3.5
billion in 2016 to 4.7 billion by 2023.
Treatment of chronic diseases such as cancer,
hepatitis, COPD, cardiovascular diseases and
other viral diseases such as HIV often require
complex surgeries thus, involving suturing. These
diseases are persistent and have long-lasting
effects on a patients health. Therefore, the
increasing prevalence of chronic diseases is also
a key factor driving the surgical sutures
market. Access Detailed Overview on "Surgical
Sutures Market Product (Sutures, Automated
Suturing Devices), by Application (Cardiovascular
Surgeries, General Surgeries, Gynecological
Surgeries, Orthopedic Surgeries, Ophthalmic
Surgeries) by End User (Hospitals,), by Geography
(U.S., Canada, U.K., Germany, France, Italy,
Spain, Japan, China, India, Brazil, Mexico, Saudi
Arabia, South Africa), Global Market Size, Share,
Development, Growth and Demand Forecast,
2013-2023 athttps//www.psmarketresearch.com/ma
rket-analysis/surgical-sutures-market
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Surgical Sutures Market
It has been observed that, hospitals are the
major end user of the surgical sutures. Different
shapes, sizes and types of sutures are used in
hospitals for performing different surgeries. Due
to increase in expenditure on healthcare by
public and private sources, the number of
hospitals are also increasing. According to
American Health Association, the total number of
all U.S. registered hospitals were 5,564, number
of rural community hospitals was 1,829, and the
number of urban community hospitals was 3,033, in
2015. As per the data of the Government of India,
the number of government hospitals was 35,416, in
2013. According to the report on Australias
hospital (2014-15) by Australian Institute of
Health and Welfare, in 2014, a total number of
1,322 hospitals were present in Australia. The
increasing number of hospitals implies that the
patient volume is increasing which leads to more
number of surgeries. Therefore, the increase in
the number of hospitals is expected to positively
impact the growth of the global market.
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Surgical Sutures Market
Insights on market segments
As per the findings of the research, among the
different product categories, sutures contributed
larger share in the surgical sutures market, in
2016, due to minimal innovation in the surgical
sutures market during that period. The automated
suturing devices are expected to witness faster
growth during the forecast period as it saves
time and require less work. Based on application,
general surgeries held the largest share of the
market in 2016, owing to the increasing aesthetic
surgeries, breast surgeries, surgical oncology,
and pediatric surgery procedures. Hospitals were
the largest end user of the surgical sutures in
2016, mainly due to the presence of large number
of patient base in the hospitals for the
treatment of various diseases.
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Surgical Sutures Market
North America stands as the largest surgical
sutures market
Globally, North America held the largest share of
the surgical sutures market, and the region is
also expected to retain its position during the
forecast period, with the U.S. being the larger
contributor to the regional market, as compared
to Canada. Growth in the North American surgical
sutures market is mainly driven by the increasing
aging population, rising road accidents,
increasing prevalence of diabetes and obesity,
and surging burn cases in the region. Europe is
the second largest market for surgical sutures,
after North America. Germany has been the largest
contributor to the European surgical sutures
market, historically, followed by the U.K. and
France. The European market is projected to grow
on account of increasing aging population, rising
prevalence of diabetes, and obesity in the
region. The surgical sutures market is expected
to witness the fastest growth in Asia-Pacific
during the forecast period. Increase in the aging
population, increasing prevalence of diabetes,
and surge in the number of burn cases in the
region are some of the factors driving the
Asia-Pacific market.
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Surgical Sutures Market
Growing popularity of cosmetic surgeries A key
opportunity in the market
Cosmetic surgeries are achieving popularity due
to increasing consumer awareness and
technological advancement in surgical procedures.
According to the American Society for Aesthetic
Plastic Surgery (ASAPS), Americans spent more
than 15 billion on surgical as well as
non-surgical cosmetic surgeries, in 2016. Of the
total procedures, surgical procedures accounted
for 56 and non-surgical procedures accounted for
44. According to International Society of
Aesthetic Plastic Surgery, the total number of
surgical cosmetic procedures performed, was
9,641,253, in 2015, globally. People have become
more appearance conscious and tend to opt for
cosmetic surgeries more often. These surgeries
require different and specialized sutures for the
wound closing process. Therefore, the increasing
inclination towards cosmetic surgery is a key
growth opportunity for the players operating in
the surgical sutures market.
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Surgical Sutures Market
Key players in the market are entering into
partnership to offer advanced surgical sutures in
new geographies.
Key players in the market are entering into
partnership to offer advanced surgical sutures.
For instance, in March 2017, Medtronic PLC
partnered with the Atlas General Hospital to
bring advanced surgical technologies and
treatment options to Serbia. Both the entities in
partnership are expected to contribute to the
improvement of treatment experiences of thousands
of spine patients at the Atlas General Hospital.
Medtronic PLC also agreed to bring innovative
spine and minimally invasive technologies, and
identify ways to reduce cost and manage operating
rooms. Some of the other key players operating in
the surgical sutures industry include DemeTECH
Corporation, Sutures India Pvt. Ltd., Zipline
Medical, Inc., Peters Surgical, EndoEvolution,
LLC, Johnson Johnson, B. Braun Melsungen AG,
Boston Scientific Corporation, and Smith Nephew
PLC.
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Surgical Sutures Market
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