NEW YORK, Feb. 4, 2016 /PRNewswire/ -- Surgical sutures are medical devices used to close the edges of a wound, or repair injuries such as lacerations resulting from surgery or other procedures. In the wound healing process, the choice of wound closure material is as significant as the skill and technique of the surgeon. Sutures have undergone many technological advancements ranging from the introduction of nylon and polyester sutures decades ago, to the present day absorbable sutures such as Vicryl and Monocryl, to cater to the specific needs of different types of surgeries. The increasing number of minimally invasive procedures has posed challenges in suturing and knot tying which led to the advent of automated suturing devices that have greatly simplified the process and allow surgeons to perform efficient suturing and knot tying.
The global sutures market was valued at USD 2.80 billion in 2014 and is expected to reach USD 3.59 billion by 2020, at a CAGR of 4.2% between 2015 and 2020.
The growth in the surgical sutures market is primarily driven by the growing number of surgical procedures across the globe that is, in turn, fueled by improving healthcare facilities such as increasing number of hospitals, clinics, and operating facilities, especially in emerging economies. The rising healthcare expenditure, owing to the increasing disposable income of the population, is amplifying the number of surgeries, thereby increasing the sutures market. The rise in this market in developed countries is expected due to the increasing aging population that is creating increased demand for all kinds of surgical intervention, particularly cardiovascular, orthopedic, urological, and dermatological procedures. The increasing number of minimally invasive surgeries are augmenting the market of automated suturing devices while restraining the market of sutures.
The global sutures market report studies the major regions, namely, North America, Europe, Asia-Pacific, and Rest of the World (RoW).
The report includes company profiles of major players, recent activities in the market, new product launches, mergers & acquisitions, collaborations and partnerships, and SWOT analysis of the global sutures market. Some of the companies profiled in this report include Ethicon, Inc. (U.S.), B. Braun Melsungen AG (Germany), Smith & Nephew (U.K.), Demetech Corporation (U.S.), Conmed Corporation (U.S.), W.L. Gore & Associates (U.S.), Biomet, Inc. (U.S.), and Boston Scientific Corporation (U.S.), among others.
Reasons to Buy the Report:
From an insight perspective, this research report has focused on various levels of analysis, namely, industry analysis (industry trends and PEST analysis), market share analysis of top players, supply chain analysis, and company profiles. All of these together comprise and discuss the basic views on the competitive landscape, usage patterns, emerging- and high-growth segments, high-growth regions and countries and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities in the global sutures market.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, will help them garner a greater market share. Firms purchasing the report could use any one or a combination of the below mentioned strategies to strengthen their market share.
The report provides insights on the following pointers:
- Product Analysis and Development: Detailed insights on upcoming technologies, research and development activities, and new product launches in the global sutures market are provided.
- Market Development: Comprehensive information about lucrative emerging markets is provided. The report also analyses the markets for sutures across various regions and exploits new distribution channels, new clientele base, and different pricing policies.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments decisions in the global sutures market is provided. Detailed description regarding related and unrelated diversification pertaining to this market is also provided.
- Competitive Assessment: An in-depth assessment of market shares and company share analysis of the key players forecasted till 2020 is provided.
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