Surgical sutures have become a preferred choice for surgeons, and have gained significant popularity over the years. Consistent improvement in products by incorporating advanced technologies as well as government support, and government support for awareness campaigns regarding cancer radiation therapy are among the most important factors that are estimated to fuel the demand for surgical sutures during the forecast period. According to the latest research by Fact.MR, the global surgical sutures market accounted for ~ US$ 3.9 Bn in terms of value at the end of 2018. The surgical sutures market report also projects significant growth potential with an anticipated average Y-o-Y growth rate of ~ 4% during the forecast period.
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Collaborative Efforts and Initiatives to Develop Absorbable Surgical Sutures
Availability of knowledge-based resources and enhanced research collaborations will improve the product development for surgical sutures. An important factor in the competition is the timing of market introduction of new products. The speed with which companies can develop products and complete clinical testing and regulatory clearance processes will decide how much they can increase their market share. Moreover, growing focus on clinical trials to enrol new surgical sutures products will further help the market. The success rates for these clinical trials to meet the endpoints and obtain key approval are marginally higher than those of currently available products.
In addition, there has been increasing burden of disease and growing number of surgeries, which is a positive factor for wound closure product markets. The importance of patient outcomes with assurance of better surgical recoveries is also important to drive the growth of the surgical sutures market. It is equally important for the payers, regulators, and healthcare facilities to not only focus on patient outcomes but also on quality outcomes. A change in reimbursement policy covering more medication or treatment is also expected to drive the market of surgical sutures. Amongst surgical sutures, the usage of absorbable surgical sutures is growing rapidly, and is the main driver for the growth of the surgical sutures market in emerging markets.
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Chapter 01 – Surgical Sutures Market – Executive Summar
The report commences with an executive summary of the surgical sutures market report, which includes a summary of the key findings and statistics of the market. It also includes the market analysis (US$ million) estimates of the leading segments of the surgical sutures market and market trends.
Chapter 02 – Surgical Sutures Market – Market Introduction
The market introduction section comprises detailed market definitions. Readers can find detailed taxonomy and the definitions associated with the surgical sutures market in this chapter, which will help them gather basic information about the surgical sutures market.
Chapter 03 – Surgical Sutures Market – Key Trends
Key market trends include supply-side and demand-side trends for the surgical sutures market by region, macro-economic factors, and regulatory scenario across regions.
Chapter 04 – Surgical Sutures Market – Key Success Factors
This section provide insights on the adoption of surgical sutures as well as recent deals.
Chapter 05 – Surgical Sutures Market Volume Analysis 2014–2018 and Forecast 2019–2029
This section provide provides volume analysis for the surgical sutures market.
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By application, the surgical sutures market is further segmented into cardiovascular procedures, general surgery procedures, ophthalmic procedures, orthopedic procedures, dental procedures, gastroenterology procedures, gynaecology procedures, plastic surgery procedures, and veterinary procedure. By end user, the market is segmented into hospitals, specialized clinics, ambulatory surgical centres, veterinary hospitals and veterinary clinics. Based on raw material, surgical sutures can be categorised into nylon, silk, stainless steel, catgut, polyglycolic acid, and polygalactin, polydioxanone, and various polyester-based materials. By region, the surgical sutures market is segmented into North America, Latin America, Europe, South Asia, East Asia, Oceania, and MEA.
For More Insights – http://www.globenewswire.com/en/news-release/2019/08/28/1907756/0/en/Absorbable-Surgical-Sutures-to-Witness-Rapid-Adoption-Key-Market-Players-Focus-on-Competitive-Pricing-Strategies-for-Extended-Outreach-Fact-MR.html
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