(PharmaNewsWire.Com, August 10, 2017 ) According to Publisher, the Global Surgical Sutures Market is expected to grow from $3.82 billion in 2016 to reach $5.84 billion by 2023 with a CAGR of 6.3%. Increasing various surgical procedures, growing geriatric population coupled with chronic diseases, and advancements in product developments are some of the factors favouring the market growth. Furthermore, increasing healthcare awareness, encouraging government reimbursement policies are other factors bolstering the market growth. On the other hand, intensified competition among companies and stringent regulations are the constraints limiting the market growth.
The absorbable sutures segment leads the market globally with the biggest market share and is expected to grow with a high CAGR during the forecast period. The growth of this segment is attributed to increasing usage in internal organ surgeries. North America is leading the global market with a higher market share. Asia Pacific is projected to grow at a faster pace during the forecast period. Increasing government spending, growing numerous surgeries, and increasing in medical tourism are the factors contributing to the Asia Pacific market growth.
Some of the key players in Global Surgical Sutures Market include 3M Company, Apollo Endosurgery Inc., B. Braun Melsungen AG, Boston Scientific Corporation, Conmed Corporation, Demetech Corporation, Endoevolution LLC, Ethicon Inc. (A Subsidiary of Johnson & Johnson), Internacional Farmacéutica S.A. De C.V., Medtronic PLC, Mellon Medical B.V., Péters Surgical., Smith & Nephew, Surgical Specialties Corporation, and Sutures India Pvt Ltd.
Regions Covered: -North America - US - Canada - Mexico -Europe - Germany - France - Italy - UK - Spain - Rest of Europe -Asia Pacific - Japan - China - India - Australia - New Zealand - Rest of Asia Pacific -Rest of the World - Middle East - Brazil - Argentina - South Africa - Egypt
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
