The Global Surgical Sutures Market generated $3,360 million in 2015 and is anticipated to garner $5,255 Million by 2022, registering a CAGR of 6.4% during the forecast period, 2016-2022. Market projected to grow at a the fastest CAGR due to rise in demand for surgical procedures from large pool of patient population suffering from diabetes, cardiovascular diseases, coronary thrombosis, cancer, and others.
Get Sample Report @ https://www.alliedmarketresearch.com/request-sample/1642
The growth of the global surgical sutures market is driven by several factors, predominantly the surge in aging population, rise in chronic diseases, increase in number of surgical procedures worldwide, and the overall rise in demand for minimally invasive surgeries. However, absence of proper sterilization and unfavorable taxation policies hamper market growth. Conversely, technological advancement and growth of investment pockets in developing countries provide lucrative opportunities for emerging market players.
Absorbable sutures are expected to propel the market growth with a high growth rate, as these sutures are used in different surgical applications such as cardiovascular surgery, dental surgery, and repair of general soft tissues
The report segments the global surgical sutures market by product type, application, and geography. Based on product type, the report bifurcates the market into automated suturing devices and sutures. The suture segment dominated the global market in 2015, generating 85.4% of total revenue. By material, the multifilament segment accounted for the largest share in the sutures market in 2015 and is estimated to grow with a CAGR of 6.6%. Based on application, the market is fragmented into cardiovascular surgeries, general surgeries, gynecological surgeries, orthopedic surgeries, ophthalmic surgeries, and other surgeries.
North America was the highest revenue contributor in 2015, accounting for 19.2% of total shares. The large share of North America is attributed to the higher adoption of technologically advanced products such as absorbable & antibacterial coated sutures, growth in surgical procedures with increase in prevalence of various chronic diseases, and the development of the wound management sector. However, Asia-Pacific is projected to grow at the fastest CAGR due to rise in demand for surgical procedures from large pool of patient population suffering from diabetes, cardiovascular diseases, coronary thrombosis, cancer, and others.
The report also profiles key players involved in the global surgical sutures market, such as Johnson & Johnson Private Limited, B. Braun Melsungen AG, Smith & Nephew, Demetech Corporation, Conmed Corporation, W.L. Gore & Associates, Boston Scientific, 3M Healthcare, Medtronic Inc., and Sutures India Pvt Ltd. They have adopted various strategies such as mergers & acquisitions, collaborations, partnerships, and others to gain a strong position in the industry.
Send Enquiry on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/1642
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: +1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060