Suture
wire market research report, by type (absorbable, non-absorbable), by
application (surgery, veterinary, and other) by end users (hospitals, clinics,
other) - global forecast till 2023
Suture
Wire Market Regional Outlook
Global Suture Wire Market is dominated by
America. Suture market in America is driven by increasing number of surgeries
and well-developed healthcare sector. Beside this, huge number of populations
suffering from diabetes and other chronic diseases has also supported the growth
of this market. Europe has the second largest market which is followed by Asia
Pacific. Asia Pacific is expecting the fastest growth for the market during
forecasted period.
Suture
Wire Market - Highlights
Suture Wires are the thread like medical
device which are used during the surgeries for holding body tissue. Suture wire
is using since ancient time for the treatment but development in the material
of the wire has increased their application in medial field. They play an
important role in the field of medicine. Different types of sutures wires are
developed, made up of different materials. Development of absorbable sutures
has provided a good platform for the growth and it has found its application in
heart and cardiac surgeries. Global Suture Wire Market is driven by
introduction on new and better material for suture wire and increasing
prevalence of different chronic diseases. Changing life style, increasing aging
population and increasing governmental support for research has also driven the
market. On other hand, strict regulatory rules and high cost of surgeries has
restrained the growth of market.
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Suture
Wire Market – Segmentation
Global suture wire market is segmented on
the basis of type, application and end users. On the basis of type the market
is segmented into absorbable suture and non-absorbable suture. Absorbable
suture is sub segmented into polyglycolic acid, polylactic acid, polydioxanone
and monocryl. Non- absorbable sutures are sub segmented into nylon, polyester,
polypropylene and other. On the basis of application, the market is segmented
into surgery, veterinary, and other. Surgery is further sub segmented into
cardiac, renal, dental and other. On the basis of end users, it is segmented
into hospitals, clinics and other.
Suture
Wire Market - Major Key
Players
The major key player for the Global Suture
Wire Market are
·
Boston Scientific Corporation (US)
·
Demetech Corporation (US)
·
Endoevolution Llc (US)
·
Ethicon Inc. (US)
·
Apollo Endosurgery Inc. (US)
·
B. Braun Melsungen AG (Germany)
·
Smith & Nephew Plc. (UK)
·
Surgical Specialties Corporation (Germany)
·
Sutures India Pvt Ltd (India)
·
Internacional Farmacéutica S.A. (US)
·
Medtronic PLC (UK)
·
Peters Surgical (France)
·
Covidien Plc. (UK)
·
Jiangxi Longteng Co. Ltd. (China)
·
DemeTech (US)
·
Teleflex Incorporated (US)
·
Lotus Surgicals Pvt Ltd. (India)
Industry News:
Boston Scientific Corporation is a worldwide developer, manufacturer and marketer of medical
devices. A wide range of products of this company are available in market.
Company has acquired Schneider and EP Technologies. Different types of suture
wire having different diameter are available in the market. The market of this
company is increased by 12% in 2016 compare to 2015.
DemeTech Corporation is a world-renowned leader in surgical sutures and blades headquartered
in US. Company has provided sutures of paramount quality at a lower and more
reasonable cost which has increased the market of company. Polypropylene
Sutures wire and Silk Sutures wires are famous product of the company and
generate major amount of revenue. Company is majorly focusing on development of
the new product to increase the product range.
Medtronic is a medical device manufacturer headquartered in UK. It is the world's
largest standalone medical technology development company. Company has a wide
range of absorbable and non- absorbable products. Company recently
introduced V-Loc wound closure device which is a revolutionary technology that
eliminates the need to tie knots, so that the physician can close incisions up
to 50% faster without compromising strength and security. Dermalon,
Monosof, Surgilon and Surgidac are some of the non- absorbable products.
Maxon is a veterinary suture manufactured by company.
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