While producing this finest Sutures Market research report, DBMR team focuses on the several key aspects which are vital for the client to succeed in the industry. For the same, they deal with formalised and managerial approach to know the minds of their target markets, their feelings, their preferences, their attitudes, convictions and value systems. The report is a great resource, which provides current and upcoming technical and financial details of the industry. Major insights of the Sutures Market report are complete and distinct analysis of the market drivers and restraints, major market players involved like industry, detailed analysis of the market segmentation and competitive analysis of the key players involved.
Global sutures market accounted to USD 3.8 billion in 2016 growing at a CAGR of 5.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. Some of the major players operating in sutures market are Ethicon Inc., B. Braun Melsungen AG, Medtronic PLC, Smith & Nephew, Boston Scientific Corporation, Péters Surgical, Demetech Corporation, Internacional Farmacéutica S.A. De C.V., Sutures India Pvt Ltd., Endoevolution LLC, Apollo Endosurgery Inc, Surgical Specialties Corporation, Mellon Medical B.V., 3M, Demetech Corporation, W. L. Gore & Associates, Inc., among others
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Major Market Competitors:
Sutures are medical devices which are used in holding the body tissues during an injury of surgeries using a needle and thread which are absorbable or non-absorbable.
Global Sutures Market, By Product Type (Absorbable Sutures (Natural, Synthetic (Polyglactin 910 Sutures, Poliglecaprone 25 Sutures, Polydioxanone Sutures, Polyglycolic Acid Sutures, and Others), Non-Absorbable Sutures (Nylon, Polypropylene, Polyster, Silk), Automated Sutures (Disposable Automated Suturing Devices, Reusable Automated Suturing Devices)), By Application (Cardiovascular Surgeries, General Surgeries, Gynecological Surgeries, Orthopedic Surgeries, Ophthalmic Surgeries, Others), By End User (Hospitals, Clinics, Ambulatory Centers), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Competitive Analysis: Global Sutures Market
The sutures market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of sutures market for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers and Restraints:
- Increasing number of surgical procedures
- Favorable reimbursement polices
- Increased demand of minimally invasive surgeries
- Presence of alternative wound care techniques
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By product type the market for sutures is segmented into absorbable sutures, non-absorbable sutures and automated sutures. The absorbable sutures segment is further sub-segmented into natural and synthetic and synthetic segment is sub-segmented into polyglactin 910 sutures, poliglecaprone 25 sutures, polydioxanone sutures, polyglycolic acid sutures, and others. The Non-absorbable sutures segment is sub-segmented into nylon, polypropylene, polyster, silk and automated suture segment is sub-segmented into disposable automated suturing devices, reusable automated suturing devices.
On the basis of application the market is segmented into cardiovascular surgeries, general surgeries, gynecological surgeries, orthopedic surgeries, ophthalmic surgeries, others.
On the basis of end-users the sutures market is segmented into hospitals, clinics, ambulatory centers.
On the basis of geography, sutures market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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