Asia-Pacific Absorbable and Non-Absorbable Sutures Market, By Product Type (Automated Suturing Devices and Sutures), Surgery Type (Cardiovascular, Orthopedic, Gynecology, Opthalmology, General Surgery and Others), End Users (Hospitals, Ambulatory Centers, Clinics, Community Healthcare and Others), Country (China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific) Industry Trends and Forecast to 2029
Market Analysis and Insights : Asia-Pacific Absorbable and Non-Absorbable Sutures Market
Data Bridge Market Research analyses that the absorbable and non-absorbable sutures market to grow at a CAGR of 5.82% in the forecast period of 2022-2029. Rising prevalence of chronic disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, growth in the availability and demand for health insurance and rising expenditure for the development of healthcare infrastructure especially in the developing economies are the major factors attributable to the growth of absorbable and non-absorbable sutures market.
Sutures are the medical devices that are used during a surgical procedure with an aim to assist the surgeon in undertaking the procedure with greater accuracy and precision. Sutures are used for the purpose of making minimal incisions and cuts which in turn promote faster healing of the wounds and tissues.
Upsurge in the number of road accidents globally will act as a major factor influencing the growth of the market. Also, surging medical and health tourism in countries such as India and South Korea and increasing focus of the manufacturers on using high quality materials are the major market drivers that will further escalate the growth of market. In addition to this, other factors involving the rise in liver transplantation procedures, high return on investments involved with medical devices and increasing geriatric population will expand the market.
However, high maintenance costs, increasing availability and demand for advanced wound closure materials and lack of product innovations will impede the market growth rate. The dearth of skilled professionals in healthcare sector coupled with unfavourable reimbursement scenario will challenge the market. Additionally, increasing pricing pressure among the manufacturers will act a market restraint and further hinder the growth rate of 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, geographic 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
The 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
The 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.
Emerging economies such as India and China dominate the Asia-Pacific absorbable and non-absorbable sutures market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the 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 North America 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
The 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 2020.
Competitive Landscape and Absorbable and Non-Absorbable Sutures Market Share Analysis
The 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, North America 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.
Some of the major players operating in the absorbable and non-absorbable sutures market 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., and Pierson Surgical Ltd., among others.
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