Surgical Sutures Market to be Positively Impacted by Favorable Government Reimbursement Policies during 2020-2027

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    Summary

    Surgical sutures are wound closure products used for stitching the skin tissues together after a surgical procedure.

    Press Release

    Research Nester released a report titled “Surgical Sutures Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global surgical sutures market in terms of market segmentation by product, by material, by application, by distribution channel, by end user and by region.

    Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

    Surgical sutures are wound closure products used for stitching the skin tissues together after a surgical procedure. The market for surgical sutures recorded a value of USD 3,498.82 million in 2018 and is projected to grow at a CAGR of 3.75% during the forecast period, i.e., 2020-2027. The market is segmented by product, by material, by application, by distribution channel, by end user and by region, out of which, the product segment is further bifurcated into absorbable and non-absorbable sutures. Based on product, the absorbable sutures segment is anticipated to hold the leading share in the market on account of rising demand for absorbable sutures as compared to non-absorbable sutures owing to the faster healing and reduced marks observed in the case of these sutures.

    The global surgical sutures market is segmented by regions into North America, Latin America, Europe, Asia-Pacific and Middle East and Africa. The market in North America is estimated to hold the leading share in the market on account of rising investments by government and private organizations for the development of advanced medical technologies. Surgical sutures market in Asia Pacific is predicted to grow at a high rate as a result of growing availability of advanced healthcare in the region.

    Growing Number of Surgical Procedures to Raise the Demand for Surgical Sutures

    The rising surgical procedures in hospitals and other healthcare facilities that require the use of sutures is estimated to be a major growth driver for the market. In order to improve the methods of surgery, innovative technologies are being used, especially in countries including the U.S., Germany, U.K., Canada and Japan. These increase the scope of development of better surgical sutures that are convenient for both the surgeon and the patient. However, the lack of advancements in surgical sutures and the growing availability of substitute products such as surgical staplers are some factors predicted to restrict the growth of surgical sutures market over the forecast period.

    This report also provides the existing competitive scenario of some of the key players of the global surgical sutures market which includes company profiling of Johnson & Johnson JNJ, -0.26%, B. Braun Melsungen AG, Medtronic Inc. MDT, -0.48%, Conmed Corporation CNMD, -0.22%, DemeTECH Corporation, MANI, Inc. (tyo:7730), Teleflex Incorporated TFX, +0.96% and Dolphin Sutures.

    Original Published by : https://www.marketwatch.com/press-release/surgical-sutures-market-to-be-positively-impacted-by-favorable-government-reimbursement-policies-during-2020-2027-2019-12-18