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Surgical Sutures Market Expected to Reach $5,255 Million, Globally by 2022

Surgical Sutures Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $3,360 million by 2022, registering a CAGR of 6.4% during the period 2014-2022.The sutures segment dominated the market in 2015 with more than four-fifths share.

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Surgical Sutures Market Expected to Reach $5,255 Million, Globally by 2022

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  1. Surgical Sutures Market Opportunities and Forecasts, 2014 – 2021 Published Date: Nov 2016 No. of pages : 170

  2. Introduction • Global escalation in the number of hospitals, surge in the adoption of technologically advanced products, and increase in number of surgeries due to geriatric population & patients with various chronic diseases are the major factors that drive the growth of surgical sutures market. • However, the adoption of substitute products such as advanced wound closure materials and lack of proper sterilization process in healthcare settings are projected to hinder the market growth.

  3. Current and Future Market Scenario • The sutures segment accounted for more than four-fifths share of the market in 2015, and is expected to dominate the market, growing at a CAGR of 6.3%. • The absorbable suture dissolves in tissues after a period of time and heals the wound, whereas non-absorbable suture is to be removed after the incision is healed. • The absorbable suture segment held the largest share in 2015, and is anticipated to continue its dominance.

  4. Factors Contributing to Market Growth • By material, the multifilament segment accounted for the largest share in the sutures market in 2015, and is estimated to grow with a CAGR of 6.6%. • In the same year, the general surgeries application segment dominated the market with more than one-third share due to the increase in demand for surgical sutures in various types of abdominal and other general surgeries.

  5. Remote Patient Monitoring Market Segments By Product Type • Automated Suturing Devices • Sutures • Non-Absorbable Sutures • Sutures By Material By Application • Cardiovascular Surgeries • General Surgeries • Gynecological Surgeries • Orthopedic Surgeries • Ophthalmic Surgeries By Region • North America • Europe • Asia-Pacific • LAMEA

  6. Region Overview • North America was the highest revenue contributor and Asia-Pacific showed fastest growth, accounting for 19.2% share in 2015. • The large share of North America is attributed to the higher adoption of technologically advanced products such as absorbable & antibacterial coated sutures, growth in surgical procedures with increase in prevalence of various chronic diseases, and the development of the wound management sector. • However, Asia-Pacific is projected to grow at a the fastest CAGR due to rise in demand for surgical procedures from large pool of patient population suffering from diabetes, cardiovascular diseases, coronary thrombosis, cancer, and others.

  7. Leading Players • The key players in the surgical suture market are expanding their business operations in the developing countries with new product launches. • Comprehensive profiles of major market players such as Johnson & Johnson Private Limited, B. Braun Melsungen AG, Smith & Nephew, Demetech Corporation, Conmed Corporation, W.L. Gore & Associates, Boston Scientific, 3M Healthcare, Medtronic Inc., and Sutures India Pvt Ltd. are provided in this report.

  8. Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/surgical-sutures-market Follow Us On

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