Global Ophthalmic Sutures Market By Type (Natural, Synthetic), Absorption Capacity (Absorbable Sutures, Non-Absorbable Sutures), Application (Corneal Transplantation Surgery, Cataract Surgery, Vitrectomy Surgery, Iridectomy Surgery, Oculoplastic Surgery, Others), End Use (Hospitals, ASCs, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa), Market Share Forecast to 2027
Market Analysis and Insights: Global Ophthalmic Sutures Market
Global ophthalmic 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 534.05 Million by 2027 growing at a CAGR of 5.95% in the above-mentioned forecast period. With the global population suffering from a wide variety of eye disorders whether that be in the developing or developed regions worldwide, has resulted in increased demands for ophthalmic sutures.
Ophthalmic sutures are surgical products that are used for sewing together different tissues for treatment of different ophthalmic conditions. These sutures are commonly utilized in cataract surgery, corneal transplantation, iridectomy procedures, vitrectomy and oculoplastic surgeries amongst various others.
With the global growth of geriatric population there has been a directly relatable impact on the visual impairment prevalence amongst the global population, with a wider population suffering from visual disorders which is expected to enhance the demand for ophthalmic sutures. Various innovations and advancements of technologies along with a number of awareness initiatives organized by the market players and different authorities for availability of advanced technologies and diseases have resulted in the combination of these factors improving the growth of the ophthalmic sutures market.
This market report provides details of market share, new developments, product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief our team will help you create a revenue impact solution to achieve your desired goal.
Global Ophthalmic Sutures Market Scope and Market Size
Ophthalmic sutures market is segmented on the basis of type, absorption capacity, application and end use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Based on type the market is segmented into natural and synthetic.
Global ophthalmic sutures market has been segmented based on absorption capacity into absorbable and non-absorbable sutures.
On the basis of application, the market has been segmented as corneal transplantation surgery, cataract surgery, vitrectomy surgery, iridectomy surgery, oculoplastic surgery and others.
Ophthalmic sutures have also been categorized into hospitals, ambulatory surgical centers (ASCs) and others on the basis of end use.
Ophthalmic Sutures Market Country Level Analysis
Global ophthalmic sutures market is analysed and market size information is provided by country, type, absorption capacity, application and end use as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific in the Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa as a part of Middle East & Africa, Brazil, Argentina and Rest of South America as part of South America.
North America region will hold the largest market share out of all the regions worldwide due to the increased volume of ophthalmic surgical procedures being carried out in the region caused by a rise of old age population. Asia-Pacific is expected to hold the highest growth rate of ophthalmic sutures market due to enhanced levels of expenditure being incurred on the advancements of healthcare services and infrastructure.
The country section of the 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 new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs 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 sales channels are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Global ophthalmic sutures market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for ophthalmic sutures market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the ophthalmic sutures market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Ophthalmic Sutures Market Share Analysis
Global ophthalmic 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, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to ophthalmic sutures market.
The major players covered in the report are Accutome Inc., Assut Medical Sarl, Aurolab, B. Braun Melsungen AG, DemeTECH Corporation, Medtronic, Dolphin Sutures, MANI,INC., Surgical Specialties Corporation, Rumex International Co., Teleflex Incorporated, Unilene, Ethicon US, LLC, FCI, ORION SUTURES INDIA PVT LTD among other players domestic and global. Market share data is available for Global, North America, Europe, Asia Pacific, MEA and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Surgical Specialties Corporation in May of 2019 announced that they had established a new business division, “Caliber Ophthalmics”, and will consist of Surgical Specialties Corporation’s “Sharpoint” brand. The newly established business unit will also consist of two recently acquired businesses of “Unique Technologies, Inc.” and “VPM Surgical, Inc.”. This strategic decision will enable greater capabilities in delivering more effective ophthalmic solutions for the growing geriatric population.
Customization Available: Global Ophthalmic 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.