Surgical Sutures Market Emerging Factors, Future Demands, and Key Players
According to a new market research study titled ‘Surgical Sutures Market to 2025 – Global Analysis and Forecasts by Product, and Application, the global surgical sutures market was valued at US$ 2,954.5 Mn in 2017 and is estimated to reach US$ 4,503.3 Mn by 2025. The report highlights the trends prevalent in the global surgical sutures market and the factors driving the market along with the factors that are restraining the growth of surgical sutures market.
In recent years, there have been increase in the focus for medical tourism across the various countries of different regions. The market for the surgical sutures is expected to rise due to the increase in the number of surgical procedures for various different diseases. In addition with the surgical treatment for the diseases the rise in the number of aesthetic surgeries and joint replacement and others surgeries are increasing. The increase in the surgeries is seen due to the adoption of the advanced equipment and technological products for the surgeries. Moreover, the cost of the surgeries is been reduced and also being shared by the government reimbursement policies, health insurance and more. Therefore, the increase in the number of surgical treatments has increased the sutures demand over the past few years.
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In our study the application segment for the surgical sutures is segmented as cardiology surgeries, gynecological surgeries, general surgeries, orthopedic surgeries, ophthalmic surgeries and others. These requirement of the surgical sutures is more for the surgeries. Surgical sutures are used to repair the tissue, to stich an incision and to heal a wound. Therefore, sutures used during the surgical procedures should have strong tensile strength, it should be non-toxic and hypoallergenic and flexible. In addition, the suture should not have wick effect so that the fluids is not penetrated inside the body through the suture. As per the analysis in 2017, the cardiovascular surgery segment held the largest share of the market, by application. In addition, the market for the general surgery is also expected to grow at the fastest rate during the coming years owing to the rising demand of sutures requires for the general suturing, wound healing and more.
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The surgical sutures market is highly fragmented due to the presence of various local as well as regional players. Some of the key players operating in the global surgical sutures market include, B. Braun Melsungen AG, Medtronic, Ethicon USA, LLC, Smith & Nephew, Atramat, Demetech Corporation, Sutures India, Péters Surgical, Teleflex Medical OEM, Serag-Wiessner GmbH & CO. KG among others.
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