$5+ Billion Surgical Suture Market by Product, Application, End User - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 10, 2018--The “Surgical Suture Market by Product, Application, End User - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The surgical sutures market is expected to reach USD 5.02 billion by 2023 form USD 3.68 billion by 2018, at a CAGR of 5.4% from 2018 to 2023.
The global market for surgical sutures is witnessing steady growth primarily due to the increasing number of surgical procedures conducted, globally. The favorable reimbursement scenario for a number of surgical procedures and the launch of advanced sutures are further contributing to the market growth.
Based on application, the surgical sutures market is segmented into cardiovascular surgery, gynecological surgery, orthopedic surgery, ophthalmic surgery, general surgery, cosmetic surgery, and other applications. The cardiovascular surgery segment is expected to grow at the highest CAGR during the forecast period. The largest share of this application segment can be primarily attributed to the large number of cardiovascular surgeries performed across the world as a result of the high prevalence of cardiovascular diseases (CVDs).
In 2018, North America is estimated to account for the largest share of the market, followed by Europe. However, Asia is expected to register the highest CAGR during the forecast period. The high growth can be attributed to region’s growing medical tourism industry, rising prevalence of chronic diseases, and favorable reimbursement scenario. Moreover, the key surgical sutures manufacturers are also focusing on gaining a competitive edge in these high-growth markets, which is aiding the growth in Asia.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Surgical Suture Market, By Product
7 Surgical Sutures Threads Market, By Type
8 Surgical Suture Market, By Application
9 Surgical Suture Market, By End User
10 Surgical Suture Market, By Region
11 Competitive Landscape
12 Company ProfilesEthicon, Inc. (A Subsidiary of Johnson & Johnson) B.Braun Melsungen AG Smith& Nephew plc Boston Scientific Corporation Pters Surgical DemeTECH Corporation Internacional Farmacutica Sutures India EndoEvolution, LLC. Apollo Endosurgery, Inc. Surgical Specialties Corporation (A Subsidiary of Angiotech Pharmaceuticals) Mellon Medical B.V. Medtronic PLC
For more information about this report visit https://www.researchandmarkets.com/research/rjdtfq/5_billion?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181010005417/en/
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Wound Care
INDUSTRY KEYWORD: SURGERY HEALTH MEDICAL SUPPLIES
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/10/2018 06:31 AM/DISC: 10/10/2018 06:31 AM