Suture Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030
Suture is a specific linear suture material which is used in surgery or trauma dispose for hemostasis and tissue suturing. They also are used to close incisions from surgery. A suture is a medical device used in wound closure.
The suture market concentration degree is low and the manufacturing bases scatter around the globe in terms of geography, but from the key manufacturers the key technology and high-end products are in the hand of the global leading enterprise like Johnson & Johnson Medical, Covidien, and Peters Surgical etc. The key manufacturers operate globally through their OEM partners and distributors. Some manufacturers from China, India and America produce on contract for global brands, such as Teleflex Medical from USA, Surgical Specialties Corporation from Canada, Dolphin from India, ARC Medical Supplies and Huaiyin Micra from China, as well as selling suture products with their own brand.
The market for surgical suture will be majorly driven by factors such as year on year increase in the number of surgical procedures, rise in demand for minimally invasive procedures, worldwide aging population and technological developments result in strong demand for suture.
The market for surgical sutures is dominated by players such as Johnson & Johnson Medical, Covidien, Peters Surgical, B. Braun, Internacional Farmacéutica, Kono Seisakusho, DemeTech, Surgical Specialties Corporation, Mani, Samyang Biopharmaceuticals and AD Surgical etc. Their manufacturing bases scatter around the globe.
In the past few years, as the main raw material price was relatively stable, expected that the suture price will be stable in the short term.
The Global Suture Market touched xxx million USD with a CAGR xx % from 2018-2022 around the world. In the future, it is predicted to reach xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
As the report focuses on global Suture Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
Johnson & Johnson Medical
Medtronic
Peters Surgical
B.Braun
Internacional Farmacéutica
DemeTech
Kono Seisakusho
Surgical Specialties Corporation
Mani
Samyang Biopharmaceuticals
AD Surgical
Dolphin
Usiol
Unik Surgical Sutures MFG
Assut Medical Sarl
Teleflex
Lotus Surgicals
CONMED
United Medical Industries
W.L. Gore & Associates
Sutures India Pvt
Huaiyin Micra
Weihai Wego
Shanghai Pudong Jinhuan Medical Products
Nantong Huaerkang Medical Technology
JiangXi 3L Medicinal Products
Jiangxi Longteng
Shanghai Tianqing
Huaian Angle
In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Absorbable sutures
Non-absorbable sutures
In Market segmentation by applications :
Human Application
Veterinary Application
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Suture Market for the forecast period 2023 - 2030?
• What are the driving forces in the Suture Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Suture industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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