PORTLAND, Ore., Jan. 12, 2021
- Increase in incidence of chronic diseases, surge in number of surgical procedures worldwide, and demand for minimally invasive surgeries drive the growth of the global surgical sutures market.
PORTLAND, Ore., Jan. 12, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Surgical Sutures Market by Type (Automated Suturing Devices and Sutures), Material (Monofilament and Multifilament), Application (Cardiovascular Surgeries, General Surgeries, Gynecological Surgeries, Orthopedic Surgeries, and Ophthalmic Surgeries): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global surgical sutures industry generated $4.35 billion in 2019, and is expected to garner $6.11 billion by 2027, witnessing a CAGR of 5.6% from 2020 to 2027.
Prime determinants of growth
Increase in incidence of chronic diseases, surge in number of surgical procedures worldwide, and demand for minimally invasive surgeries drive the growth of the global surgical sutures market. However, availability of alternative wound care management products hinder the market growth. Contrarily, advancement in technologies and untapped potential from emerging countries are expected to create new opportunities in the next few years.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/1642
The sutures segment to continue its lead position in terms of revenue by 2027
Based on product, the sutures segment accounted for the highest market share, holding more than four-fifths of the total share of the global surgical sutures market in 2019, and will continue its lead position in terms of revenue during the forecast period. This is due to rise in number of surgeries across the world and emergence of smart suture that offer electronic feedback to patients. However, the automated suturing devices segment is estimated to grow at the highest CAGR of 6.3% from 2020 to 2027, owing to applicability to different surgical methods including open surgical operations, minimally invasive surgery, and female urogenital surgeries.
The multifilament segment to maintain its highest contribution throughout the forecast period
Based on material, the multifilament segment contributed to the highest share in 2019, accounting for more than half of the global surgical sutures market, and is projected to maintain its highest contribution throughout the forecast period. Moreover, this segment is projected to witness the highest CAGR of 6.0% from 2020 to 2027. This is due to its better tensile resistance, flexibility, and pliability than monofilament suture. The report also analyzes the monofilament segment.
North America to maintain its leadership status by 2027
Based on region, North America accounted for the highest market share in 2019, contributing to nearly half of the global surgical sutures market, and will maintain its leadership status by 2027. This is attributed to increase in adoption of advanced absorbable & antibacterial coated sutures, rise in surgical procedures, and the development of the wound management sector in the region. However, Asia-Pacific is expected to manifest the highest CAGR of 7.5% during the forecast period, owing to increase in number of surgical procedures with rise in incidence of chronic diseases and demand for better healthcare services from huge patient base.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/1642
Leading market players
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060