Asia-Pacific Absorbable and Non-Absorbable Sutures Market, By Product Type (Automated Suturing Devices, Sutures), Surgery Type (Cardiovascular, Orthopedic, Gynecology, Ophthalmology, General Surgery, Others), End Users (Hospitals, Ambulatory Centers, Clinics, Community Healthcare, Others), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast to 2027
Market Analysis and Insights: Asia-Pacific Absorbable and Non-Absorbable Sutures Market
Absorbable and non-absorbable sutures market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 1,520.25 million by 2027 growing at a CAGR of 5.32% in the above-mentioned forecast period. The growing cases of geriatric population in Japan and some other South Asian countries will help in driving the growth of the absorbable and non-absorbable sutures market.
Increasing health tourism in countries such as India and South Korea from countries in Middle East and Eastern Europe, raising number of surgeries due to improved healthcare facilities and growth in geriatric population will likely to accelerate the growth of the absorbable and non-absorbable sutures market in the forecast period of 2020-2027. On the other hand, rising patient affordability, the availability and demand for health insurance, and general improvements in healthcare services offered will further boost various opportunities that will lead to the growth of the absorbable and non-absorbable sutures market in the above mentioned forecast period.
Lack of product innovations in the surgical sutures and rising demand for advanced wound closure materials will likely to hamper the growth of the absorbable and non-absorbable sutures market in the above mentioned forecast period.
The companies are facing issue related to price pressure which is going to be the biggest challenge in the absorbable and non-absorbable sutures market.
This absorbable and non-absorbable sutures market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on absorbable and non-absorbable sutures market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Absorbable and Non-Absorbable Sutures Market Scope and Market Size
Absorbable and non-absorbable sutures market is segmented on the basis of product type, surgery type and end users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product type, the absorbable and non-absorbable sutures market is segmented into automated suturing devices and sutures. The automated suturing devices are further sub-segmented into disposable and reusable. The sutures are further sub-segmented into absorbable and non-absorbable. The absorbable under sutures is further categorised into natural and synthetic. The non-absorbable is further categorised into nylon, prolene and stainless steel.
- Absorbable and non-absorbable sutures market has also been segmented based on the surgery type into cardiovascular, orthopedic, gynecology, ophthalmology, general surgery and others.
- Based on end users, the absorbable and non-absorbable sutures market is segmented into hospitals, ambulatory centers, clinics, community healthcare and others.
Absorbable and Non-Absorbable Sutures Market Country Level Analysis
Absorbable and non-absorbable sutures market is analysed and market size insights and trends are provided by country, product type, surgery type and end users as referenced above.
The countries covered in the Asia-Pacific absorbable and non-absorbable sutures market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and rest of Asia-Pacific (APAC).
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2020 to 2027 with China and India which are among the most populous countries in the world, and are therefore anticipated to provide significant growth opportunities for manufacturers due to rising patient affordability with the availability and demand for healthcare insurance along with general improvements in healthcare services.
The country section of the absorbable and non-absorbable sutures market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Absorbable and non-absorbable sutures market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for absorbable and non-absorbable sutures market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the absorbable and non-absorbable sutures market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Absorbable and Non-Absorbable Sutures Market Share Analysis
Absorbable and non-absorbable sutures market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Absorbable and non-absorbable sutures market.
The major players covered in the absorbable and non-absorbable sutures market report are B. Braun Melsungen AG, Ethicon, Inc., Smith & Nephew, Demetech Corporation, Conmed Corporation, W.L. Gore & Associates, Tepha Inc., META BIOMED Co,. Ltd., Zimmer Biomet, CP Medical, Inc., Integra LifeSciences Corporation., Assut Medical Sarl, DYNEK Pty Ltd, Footberg Ltd., Stoelting Co., Unimed Medical Industries, Ltd., Teleflex Incorporated, Boston Scientific Corporation, Medtronic, Surgical Specialties Corporation, Resorba Medical GmbH, Medline Industries, Inc., AD Surgical, Suture Express, Santec Medicalprodukte GmbH, Clinisut, Coreflon, Aspen Surgical, Vigilenz Medical Devices Sdn Bhd, Medipac S.A., Sutures, Ltd. and Pierson Surgical Ltd among other domestic players. Market share data is available for Asia-Pacific (APAC) separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Asia-Pacific Absorbable and Non-Absorbable Sutures Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.