Surgical Sutures Market Share: Exploring Opportunities with Market Size and Growth Projections

According to a TechSci Research report, the global surgical sutures market is projected to experience significant growth in the forecast period of 2022-2028, with an impressive CAGR. This growth can be attributed to the increasing number of surgical procedures performed for the treatment of chronic diseases, trauma incidents, and emergency procedures. Additionally, advancements in healthcare facilities and rising awareness of technologically advanced suturing techniques are driving the market growth.

The global surgical sutures market is segmented by product type, application, end-user, and regional distribution. Automated suture devices and suture thread are the two main segments of the market. Automated suture devices are further categorized into disposable and reusable devices, while suture thread is divided into monofilament and multifilament. The fastest growing CAGR is expected to be registered by automated suture devices due to technological advancements. However, suture thread is expected to hold the largest share of the market due to its age-old practice.

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The market is further divided by application, including cardiovascular surgery, general surgery, gynecological surgery, orthopedic surgery, and ophthalmic surgery. Cardiovascular surgery is anticipated to dominate the market in the upcoming five years due to the rising number of patients suffering from cardiovascular diseases and advanced healthcare services that provide efficient treatments.

Major players in the market include Johnson & Johnson (Ethicon, Inc.), Medtronic Plc, Braun Melsungen Ag., Advanced Medical Solutions Group Plc, Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew Plc., Surgical Specialties Corporation, Boston Scientific Corporation, Demetech Corporation, among others. These companies are actively involved in research and technological development for product manufacturing, which is further expected to aid market growth. New market players may focus on research and development to provide consumer satisfaction and benefit market players in brand establishment. Other competitive strategies include mergers & acquisitions and new product developments.

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“North America is expected to dominate the regional segmentation of the market. The excellent healthcare facility in the countries like United States and Canada strengthens the claim for the upcoming five years. Moreover, technological advancements, FDA approvals for the advancing techniques along with the higher domestic income ad presence of the major market players in the region is the main reason behind its dominance. Although Asia Pacific region is expected to show a steep growth in the future five years on the account of latest introduction of the advancing technology, increased number of surgeries in the counties like India, China, along with the rising medical tourism and increased disposable income among the population,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.

“Global Surgical Sutures Market By Product Type (Automated Suturing Device {Disposable v/s Reusable} v/s Suture Thread {Monofilament v/s Multifilament}) By Application (Cardiovascular Surgery, General Surgery, Gynecological Surgery, Orthopedic Surgery, Ophthalmic Surgery) By End User (Hospitals & Clinics, Ambulatory Care Centers, Others) By Region, Competition Forecast & Opportunities, 2028”, has evaluated the future growth potential of global surgical sutures and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global surgical sutures market.

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About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

 

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