Title: Analysis of U.S. Ophthalmic Sutures Market by 2026
1Major Key Players of U.S. Ophthalmic Sutures
Market Industry share 20202026
- Increasing prevalence of ocular and ophthalmic
diseases in the U.S. resulting in huge numbers of
surgical procedures, is likely to drive
ophthalmic sutures market outlook. Increasing
pace of population aging across the region, who
are highly susceptible to eye diseases may also
bolster industry growth. Moreover, favorable
reimbursement scenario in the country will
further supplement industry share over the coming
years. U.S. ophthalmic sutures market size is
forecast to cross the USD 140 million mark by
2026. - In terms of product type, the market is segmented
into natural and synthetic. In 2019, the
synthetic sutures segment accounted for over USD
75 million and is forecast to further showcase
exceptional growth rate over the analysis period.
These sutures are experiencing high demand as
they are the most modern sutures used in
ophthalmic procedures, hence stimulating
segmental growth.
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2- By end-use, the market is divided into hospitals,
ambulatory surgical centers (ASCs), and others.
The hospital segment was valued at over USD 35
million in 2019. Such robust growth rate can be
attributed to the growing prevalence of serious
eye conditions, such as cataract, retinitis,
glaucoma, and others in the U.S. Increasing
patient inclination towards treatment in hospital
settings due to the availability of qualified
healthcare professionals may boost segmental
growth
- In terms of absorption, the market is bifurcated
into absorbable and non-absorbable sutures. In
2019, the absorbable segment held over 35 of
total revenue share. Absorbable suture is used in
different ophthalmic procedures and varies
depending on discretion, as well as treatment.
They are generally metabolized by endogenous
proteolytic enzymes. Absorbable sutures are often
placed internally and do not require re-opening
of the wound due to which they are gaining
massive popularity.
- Speaking of the application landscape, U.S.
ophthalmic sutures market is segmented into
vitrectomy, corneal transplantation surgery,
oculoplastic surgery, cataract surgery, and
iridectomy. The corneal transplantation surgery
segment is expected to grow at a CAGR of 5.5
over 2020-2026 owing to expanding geriatric
population base susceptible to chronic eye
diseases. Corneal eye disease is the 4th most
common cause of blindness that affects a large
population base in the U.S. Also, corneal
transplantation surgery is among the most
preferred treatment choice of patients suffering
from scarring of cornea, thinning of cornea and
Fuchs dystrophy.
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4- In the U.S. more than 25 million Americans are
affected by cataracts. Given the rising incidence
rate of serious eye conditions, including
diabetic retinopathy, cataract, myopia, glaucoma,
and hyperopia among others, patients are
undergoing various surgical procedures to improve
vision sharpness, which is driving the demand for
ophthalmic sutures.
- Key players players operating in U.S. ophthalmic
sutures industry include DemeTECH, B. Braun,
Aurolab, FCI Ophthalmics, Johnson Johnson and
Alcon. These prominent players are employing
several organic and inorganic growth strategies
to create a strong position amidst tough market
competition.
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