Covid-19 Impact on Absorbable Surgical Sutures Market is Expected to Grow at an Impressive CAGR by 2028
The report named Absorbable Surgical Sutures Market Research Report, published by Stratview Research offers a thorough knowledge of the development and current scenario of the market. This report contains updated information related to the market gathered through extensive primary and secondary research. The market report incorporates the key players including manufacturers, providers, etc. This can help the users to understand the scenario of the market and take a firm decision for future investments.
Market Insights
As per the report, the absorbable surgical sutures market is likely to witness a steady CAGR of >5%, during the forecast period.
Over the years, there has been a growth in health conditions related to skin and peripheral vascular surgery, which has boosted the growth of the market for absorbable surgical sutures. Furthermore, the growing elderly population and increasing prevalence of musculoskeletal diseases are expected to have a significant impact on the market demand, thus fueling the growth of the market over the forecast period.
This newly published and insightful report sheds light on market insights of the Absorbable Surgical Sutures Market, including their impact on the overall value chain from suppliers to end-users and growth dynamics. Also, it discusses the market size from 2022-2028.
What are absorbable surgical sutures?
Absorbable surgical sutures are stitches made of materials that the body can absorb naturally over time. They're made of materials like the fibers that line animal intestines or synthetic polymers that dissolve easily in the body.
Key Players
Stratview Research tracks all the major product launches, mergers, and acquisitions over the past few years. The identification of key players in the market is based on both primary interview results as well as available authentic secondary data sources. According to the research, the following are the key players in the Absorbable Surgical Sutures Market.
- 3M Healthcare
- B. Braun Melsungen AG
- Boston Scientific Corporation
- DemeTECH Corporation
- EndoEvolution, LLC
- Ethicon Inc.
- Johnson & Johnson Private Limited
- Medtronic Plc
- Smith & Nephew Plc
- Sutures India Pvt. Ltd.
This report aims at providing critical market information and valuable insights which are of high value to the users, enabling them to identify strategic growth opportunities in the market. The report also aims at answering the following key questions:
· What is the current and future market potential of the Absorbable Surgical Sutures Market?
· How will the COVID-19 pandemic impact the market?
· What will be the short and long-term repercussions of the pandemic?
· How are other crucial market factors changing the market dynamics?
· When is the recovery expected from the pandemic?
· After the pandemic, which region will heal up at the fastest pace?
· Which segments offer high-growth opportunities in the long run?
· How fierce is the market competition?
· What are the key emerging trends and unmet needs?
· What are the strategic growth opportunities and key success factors?
Segments Analysis
Based on the structure type, the market is segmented into monofilament sutures and multifilament sutures. The multifilament sutures segment is likely to grow at an exponential CAGR, during the forecast period, largely owing to the increasing demand for complex surgeries, the rising geriatric population, and favorable hospital treatment policies.
Based on the end-user type, the market is segmented into hospitals, clinics, ambulatory surgery centers, and others. The hospital segment is expected to lead the market over the forecast period. The segment's growth is owing to the increasing number of complex surgeries performed in hospitals, an increase in the geriatric population, favorable reimbursement policies for treatments in hospitals, and the growing number of new hospitals, particularly in emerging economies.
In terms of regions, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Among these regions, North America is expected to be the dominant region throughout the forecast period. The market growth in this region is majorly due to advanced medical technologies, a growing healthcare sector, and favorable government policies for various surgical procedures. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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