iCrowdNewswire Jan 23, 2021 8:00 AM ET
Global dissolvable sutures market is expected to gain prominence over the forecast period (2018-2023). It is estimated that the global dissolvable sutures market is expected to grow at a CAGR ~5.2 % during the forecast period of 2018–2023.
Dissolvable sutures are stitches that doctors and surgeons, use to hold skin, internal organs, blood vessels, and all other tissues of the human body together, after the injury, incision, or surgery. These sutures have an anticipated advantage as they are broken down in the body tissue after a given period, and no foreign material left inside the patient’s body.
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The market growth is attributed to the increasing aging population, rising occurrence of chronic diseases, increasing healthcare expenditure, growing number of surgeries and burns, and increasing number of hospitals. According to the WHO, an estimate of tens of million people are injured or disabled worldwide every year in road accidents. Additionally, immense technological advancements in material science and increasing occurrences of musculoskeletal diseases are likely to boost the market growth during the forecast period.
Despite the drivers, the development of advanced wound care dressings and availability of alternatives such as surgical staplers and complications such as hemorrhage and leakage, especially in esophageal and colonic anastomosis are a few factors restraining the growth of the dissolvable sutures market. Furthermore, stringent government regulations and increasing preference for minimally invasive surgical procedures are the constraints limiting the market growth.
Market Research Future research is conducted by industry experts who offer insight into industry structure, market segmentation, Treatment assessment, Competitive Landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~ 80%) and secondary research (~ 20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years, by analyzing historical trends and current market positions. Furthermore, the varying trends of segments & categories geographically presented are studied and are estimated based on primary & secondary research.
- Primary Research
The extensive primary research was conducted to gain a deeper insight of the market and the industry performance. In this particular report, we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players who are active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next five to ten years.
- Secondary Research
Secondary research was mainly used to collect and identify information useful for an extensive, technical, market-oriented, and commercial study of the global dissolvable sutures market. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, & developments related to the market and Treatment Perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company websites, the international organization of chemical manufacturers, some paid databases and many others.
Global Dissolvable Sutures Key Players
- Braun Melsungen AG, Boston Scientific Corporation, DemeTECH Corporation, ENDOEVOLUTION LLC, Hu-Friedy Mfg. Co., LLC, Internacional Farmacéutica S.A. De C.V., Johnson & Johnson Services, Inc., Medline Industries, Inc., Medtronic, Péters Surgical, Roboz Surgical Instrument Co., Smith & Nephew, Surgical Specialties Corporation, and Sutures India Private Limited are prominent players in the global dissolvable sutures market.
The global dissolvable sutures market is segmented on the basis of type, application, and end-user.
On the basis of type, the market is classified as natural dissolvable sutures and synthetic dissolvable sutures. Natural dissolvable sutures are further segmented as catgut plain sutures and catgut chromic sutures. Synthetic dissolvable sutures are further sub-segmented into polyglycolic acid sutures – coated and braided suture, polyglactin 910 sutures – coated and braided suture, poliglecaprone sutures – monofilament suture, and polydioxanone sutures – monofilament suture.
The global dissolvable sutures market on the basis of application is segmented into cardiovascular surgeries, general surgeries, gynecological surgeries, orthopedic surgeries, ophthalmic surgeries, and others.
The global dissolvable sutures market on the basis of end-user is segmented as ambulatory surgical centers, hospitals, clinics, and others.
Geographically, the global dissolvable sutures market has been segmented into America, Europe, Asia Pacific, and the Middle East and Africa. The American dissolvable sutures market is further segmented into North America and South America. North America is further classified as the U.S. and Canada.
The European dissolvable sutures market is segmented into Western Europe and Eastern Europe. Western Europe is further classified as Germany, France, the U.K., Italy, Spain, and the Rest of Western Europe.
The Asia Pacific dissolvable sutures market is segmented into Japan, China, India, the Republic of Korea, Australia, and the Rest of Asia Pacific.
The Middle Eastern and African dissolvable sutures market is segmented into the Middle East and Africa.
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