According to a new market research study titled ‘Surgical Sutures Market to 2025 – Europe Analysis and Forecasts by Product, and Application. The European market for the surgical sutures includes France, Germany, United Kingdom, Spain, Italy, Turkey, Poland and Russia. The growth factors for surgical sutures market include increasing focus of market players for manufacturing the surgical sutures due to the rise in the cardiovascular surgeries, general surgeries and orthopedic surgeries are major driving factors for the growth of the surgical sutures market the forecasted period.
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The surgical sutures market is highly fragmented due to the presence of various local as well as regional players. Some of the key players operating in the Europe surgical sutures market include, B. Braun Melsungen AG, Medtronic, Ethicon USA, LLC, Smith & Nephew, Atramat, Demetech Corporation, Sutures India, Péters Surgical, Teleflex Medical OEM, Serag-Wiessner GmbH & CO. KG among others.
There have been increase in the technological advancements in the healthcare industry in Europe for the recent years. Countries such as, Germany, UK, France, and Russia have been witnessing an increase in the number of surgical procedures over the past few years. Therefore, product innovations in surgical suture market. In the medical devices industry, developments have encouraged existing players and upcoming players to launch their innovative products in the market. The development in the devices has enabled to innovate and upgrade the techniques and procedures for the equipment, devices, and instruments. There are various opportunities for the players to develop innovative materials for the absorbable and non-absorbable sutures. Moreover, developments for drug eluting sutures, stem cell seeded sutures and smart sutures such as electronic and elastic sutures will widen up the growth opportunities for the surgical sutures market during the forecasted period.
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Developments for the materials used in manufacturing the surgical sutures have made suturing simple, easy and accurate procedures. The advancements in the field of surgical procedures have also created opportunities to increase the development of surgical sutures. Researchers and manufacturing companies for surgical sutures have developed innovative type of sutures for the sutures absorbability. Therefore, the use of absorbable surgical sutures are more for the epidermal suturing and cosmetic suturing. In 2017, the use of surgical sutures was considerably high for the cardiovascular surgeries followed by the general surgeries. The demand for the surgical sutures is also increasing due to the rise in the number of injuries occurring due to the accidents, gynecological surgeries and increase in the biopsy for the diagnosis of the cancer.
In addition, to the above factors medical tourism has also increased the use of the surgical sutures. For instance, in recent years Poland is growing as favorite destination for the medical tourism in Europe. The driving factor for growth of the tourism is Poland’s recognition and acceptance to the European Union. Furthermore, the lower cost of surgical procedure is one of the attracting factor for the visitors.
The Europe surgical sutures market has been segmented by product, and application. Based on product, the market is segmented as absorbable sutures and non-absorbable sutures. The absorbable sutures is further classified as natural sutures and synthetic sutures. The application segment is classified as cardiovascular surgeries, orthopedic surgeries, general surgeries, gynecology surgeries, ophthalmic surgeries and others. Thus, based on the segments the market for the surgical sutures in the Europe is estimated to reach US$ 526.9 Mn by 2025 as compared to US$ 844.6 Mn in the year 2017, with a CAGR of 4.4% over the forecast period.
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This post was originally published on The Picayune Current