Surgical Sutures Market: Business Overview and Global Development Trends
Surgical sutures refer to a medical device that is used for the purpose of closure of most of the wound types. A suture should ideally enable the healing tissue to recover enough to hold the wound closures together once they are absorbed or removed.
The time that a healing tissue takes to do away with the use of sutures depends on the type of tissue. The global surgical sutures market is expected to be driven by increased effectiveness and safety of various surgeries owing to technological advancements. Various strategic decisions by market players such as partnerships and acquisitions for expanded network for distribution and product development are likely to boost the global surgical sutures market.
The global surgical sutures market is likely to register a growth rate of 3.9 % CAGR over the period of forecast, from 2017 to 2025.
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Some of the key players in the global surgical sutures market comprise Internacional Farmaceutica S.A. De C.V, Internacional Farmaceutica S.A. De C.V., Medtronic Plc., B. Braun Melsungen AG, Hollister Incorporated, and Endoevolution LLC.
Relentless Research and Development Holds Key to the Market Growth
Over a period of time, significant developments in the field of surgical sutures such as development of advanced capabilities and materials, which exert considerable influence on the global surgical sutures market. A case in point is high biocompatibility enabled non-resorbable sutures like polytetrafluoroethylene (PTFE) sutures are used in the prevention of bacterial colonization and microdamage in the deep layers of any wound. These are smooth and soft in nature. Surgical knots that are produced utilizing polytetrafluoroethylene sutures do not get loose easily and last very long. Technological advancements are likely to work in favor of the global surgical sutures market over projection period.
In addition, development of surgical sutures equipped with advanced features such as elastic and electronic sutures, knotless barbed sutures, antimicrobial sutures, bioactive sutures, and antibacterial sutures. Bioactive sutures comprise stem cell-seeded and drug-eluting sutures. Availability of such feature rich surgical sutures is likely to boost the global surgical sutures market in near future.
The rising inclination toward minimally invasive surgeries is mainly owing to the advantages associated with this type of surgeries. The advantages of minimally invasive surgeries comprise less pain and bleeding, rapid recovery, and shorter stay at hospitals. The increasing preference for minimally invasive procedures over the regular procedures has reduced the utilization of surgical sutures, which is likely to pose challenge to the global surgical sutures market.
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North America Likely to Lead the Market, Asia Pacific to Clock High Growth Rate
In a bid to offer a better understanding of the market, TMR analysts have divided the global surgical sutures market on the regional parameter. North America, Latin America, Asia Pacific, Middle East and Africa, and Europe are the major territories of the global surgical sutures market.
In terms of region, North America is expected to account for a leading share of the global surgical sutures market over the timeframe of projection, from 2017 to 2025. Territorial dominance of North America lies in the quick and high adoption of technologically advanced surgical sutures. In addition, increased prevalence of chronic diseases together with need for surgeries is estimated to drive the surgical sutures market in North America.
Asia Pacific is estimated to offer avenues of rapid expansion for the surgical sutures market in the region. The market is likely to be driven by countries like China, South Korea, and India due to increased investment in the healthcare infrastructure, rise in the disposable income of people, and the booming medical tourism in the region.
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