Absorbable Surgical Suture Market to Grow by 5.6% as Application Increases in Knotless and Electronic Products Manufacturing – Fact.MR Survey
According to Fact MR’s recent market research, sales of Absorbable Surgical Suture to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.
Focus on improving overall patient care will remain a chief growth driver. Besides this, Absorbable Surgical Suture market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.
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The surgical sutures market revenue totalled US$ 3.9 Bn for 2018, according to Fact.MR The global Surgical Sutures Market is expected to reach US$ 4.4 Bn. by 2021 and it is projected to register a CAGR of 5.6% during the forecast period 2021-2031. The demand for absorbable sutures products will accelerate with the top 5 vendors holding 60-75% of the market share.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Absorbable Surgical Suture market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Absorbable Surgical Suture
The report offers actionable and valuable market insights of Absorbable Surgical Suture. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Absorbable Surgical Suture Market across various industries and regions.
This newly published and insightful report sheds light on Market Insights of Absorbable Surgical Suture, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Absorbable Surgical Suture Market.
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Key Segments Covered
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Product Type
- Absorbable Surgical Sutures
- Non-Absorbable Surgical Sutures
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Raw Material
- Polyglycolic Acid Absorbable Surgical Sutures
- Polyglactin Absorbable Surgical Sutures
- Catgut Absorbable Surgical Sutures
- Poliglecaprone Absorbable Surgical Sutures
- Polydioxanone Absorbable Surgical Sutures
- Polypropylene Non-Absorbable Surgical Sutures
- Nylon (Poylamide) Non-Absorbable Surgical Sutures
- Polyester Non-Absorbable Surgical Sutures
- Polyvinylidene Fluoride (PVDF)
- Non-Absorbable Surgical Sutures
- Silk Non-Absorbable Surgical Sutures
- Stainless Steel Non-Absorbable Surgical Sutures.
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Source
- Natural Surgical Sutures
- Synthetic Surgical Sutures
- Coated Surgical Sutures
- Uncoated Surgical Sutures
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Application
- Cardiovascular procedures
- General Surgery Procedures
- Ophthalmic Procedures
- Orthopedic Procedures
- Dental Procedures
- Gastroenterology Procedures
- Gynaecology Procedures
- Plastic Surgery Procedures
- Veterinary Procedures
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Competitive Landscape
Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions.
- In February 2019, Johnson & Johnson (NYSE: JNJ), made an announcement regarding Ethicon, Inc., entering into a definitive agreement to acquire Auris Health, Inc. for approximately US$3.4 billion. This acquisition will accelerate Johnson & Johnson’s entry into robotics with potential for growth and expansion into other interventional applications.
- In December 2019, Medtronic plc MDT completed the acquisition of Klue, a software company focused on behavior tracking of people. Notably, in February 2019, PCL received Breakthrough Device designation from the FDA. The acquisition is expected to be neutral to Medtronic’s fiscal 2020 earnings per share.
Key Takeaways from the Market Study
- The global surgical sutures market is anticipated to add 1.5x value by 2031 compared to 2021
- Absorbable surgical sutures to expand at a CAGR of 5.6% from 2021 to 2031
- By application, surgical sutures for cardiovascular surgeries to account for 30% revenue
- Sales across the U.S likely to be valued at US$ 1.3 Bn in value terms until 2031
- China to emerge as an opportunistic market, expanding at 5.3% CAGR
“Establishments of new hospitals & ambulatory centres will the project continue to surge in the market, in terms of value, fuelled by latest advances in the manufacturing process of Surgical Sutures.” comments a Fact.MR analyst
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Report Benefits & Key Questions Answered
- Absorbable Surgical Suture Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- Absorbable Surgical Suture Historical volume analysis: The report provides a comparison of Absorbable Surgical Suture’s historical sales and projected sales performance for 2021-2031.
- Absorbable Surgical Suture Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Absorbable Surgical Suture market. It carefully gauges the impact of changing healthcare needs of key demographics globally
- Absorbable Surgical Suture Consumption by demographics: The report investigates consumer behavior affecting Absorbable Surgical Suture demand outlook for the assessment period. Effect of their keenness for digital trends on Absorbable Surgical Suture market is carefully analyzed
- Post COVID consumer spending on Absorbable Surgical Suture: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Absorbable Surgical Suture market growth.
More Valuable Insights on Absorbable Surgical Suture Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Absorbable Surgical Suture, Sales and Demand of Absorbable Surgical Suture, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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