The surgical suture market is projected to grow at a CAGR of XX.XX% to reach US$XX.XXX billion by 2023, from US$XX.XXX billion in 2017. The market for surgical suture is witnessing steady growth on account of increasing number of surgical procedures conducted worldwide. The favorable reimbursement scenario for surgical process and the technological advancement in surgical sutures are further contributing to the market growth. However, lack of proper sterilization system in healthcare organizations and growing preference towards minimally invasive surgery are expected to hinder the global surgical sutures market growth.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the surgical suture value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the surgical suture market.
Major industry players profiled as part of the report are Medtronic PLC, Ethicon Inc, Smith & Nephew, B. Braun Melsungen AG, Demetech Corporation, Endoevolution LLC, Mellon Medical B.V., Johnson and Johnson and 3M Company among others.
The surgical suture market has been analyzed through following segments:
Non absorbable sutures
Middle East and Africa
Key insights offered
What will be the surgical suture market size from 2017 to 2023?
How are the major drivers and restraints affecting the surgical suture market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviour
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.