Surgical Sutures Market 2021 Size, Growth, SWOT Analysis, Worldwide Demand, Segments and Forecast Research 2030

In a recent published report, Kenneth Research has updated the market report for Surgical Sutures Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Surgical Sutures Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global Surgical Sutures Market was valued at USD 3.6 Billion in the year 2017. Global Sutures Staplers Market is further estimated to grow at a CAGR of 5.6 % from 2019 to reach USD 5.34 Billion by the year 2025.

North America region holds the highest Market share and Asia Pacific is considered as the fastest growing Market in the forecasted period. The dominance of North America is attributed to factors such as the growing geriatric population. At country level U.S, China, India and Japan holds the substantial Market share owning to high population base, growth in awareness about Sutures and development in healthcare infrastructure.

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Major market players in Surgical Sutures Market are Ethicon Inc., B. Braun Melsungen AG
Péters Surgical, Demetech Corp., Smith & Nephew, Becton, Dickinson and Company, Medtronic Plc., Sutures India Pvt. Ltd., Apollo Endo-surgery Inc., Mellon Medical B.V., and brief overview of 10 companies is also provided in the report.

Strength:
Growing number of surgical procedures across the globe
Rapid increase in geriatric population globally
Weakness:
Poor demand in under developed countries
Opportunities:
Rise in adoption of cosmetics surgeries
Significant Growth Potential in Emerging industries
Threats:
Lack of Trained Professionals

The global surgical sutures Market has been segmented on product, application, end user, and regions. On the basis of product, the Market is segmented into suture threads and automated suturing devices of which suture threads are expected to account for the largest share of the Market in 2018. Based on the application, the Market is segmented into abdominal & pelvic surgery, general surgery, cardiac and thoracic surgery, and orthopedic surgery of which abdominal & pelvic surgery is expected to account for the largest share of the Market.

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By Product
*Sutures Thread
o Absorbable Sutures
o Non-Absorbable Sutures
*Automated Suturing Devices

By Application
*Cardiovascular Surgeries
*General Surgeries
*Gynecological Surgeries
*Orthopedic Surgeries
*Ophthalmic Surgeries
*Other Application

By End-Users
*Hospitals
*Other End-Users

By Region
*North America
o USA
o Canada
*Europe
o Germany
o U.K.
o France
o Italy
o Rest of Europe
*APAC
o China
o India
o Japan
o Rest of Asia-Pacific
*RoW
o Latin America
o Middle East & Africa

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Reasons to Purchase this Report
*Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
*Provision of market value (USD Billion) data for each segment and sub-segment
*Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
*Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
*Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
*Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
*The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
*Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
*Provides insight into the market through Value Chain
*Market dynamics scenario, along with growth opportunities of the market in the years to come
*6-month post sales analyst support

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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