Asia Pacific Surgical Sutures Market Size, Share & Industry Trends Analysis Report By Type (Absorbable and Non-absorbable), By Filament (Multifilament and Monofilament), By Application, By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Surgical Sutures Market would witness market growth of 5.7% CAGR during the forecast period (2021-2027).
The simple interrupted suture is one of the easiest and most common suturing techniques used by doctors. The needle is directly inserted into the epidermis perpendicularly to cover the wider and deeper areas of tissues to heal the wound quickly. Stitches are made wider at the base as compared to the top to achieve a secure knot and thin scar mark.
The continuous suture is a simple running process without interruption when time is crucial i.e. children's cases. Doctors place an interrupted suture knot and start stitching till the end without tying or cutting the suture. At last, sutured is finished by tying the knot at the very end of the wound. The continuous suture is mainly used in the case of children to avoid pain.
India has 11% of the global road accidents death rate while having only 1% of the world vehicles. According to the World Bank report, more than 450, 000 accidents take place annually, of which 150,00 people can’t survive. More than 53 accident occurs every hour and on average one death in four minutes. Whereas countries in the Asia Pacific like China lead to Congenital heart disease (CHD) by birth. Many patients undergo Congenital Heart diseases to achieve normal heart outcomes.
Moreover, Beijing has the highest number of heart surgery, 367 cases per million than other provinces. With the growth in the population, the government has increased the budget of the healthcare sector to fulfill the needs of the region. There is an expansion in the medical tourism sector in the countries like Singapore, Malaysia and India, which is enabling healthcare institutions to invest in advanced medical care devices and products and hence, escalating the growth of the regional surgical sutures market in the forecast period.
The China market dominated the Asia Pacific Surgical Sutures Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $409 million by 2027. The Japan market is exhibiting a CAGR of 5.1% during (2021 - 2027). Additionally, The India market would experience a CAGR of 6.3% during (2021 - 2027).
Based on Type, the market is segmented into Absorbable and Non-absorbable. Based on Filament, the market is segmented into Multifilament and Monofilament. Based on Application, the market is segmented into General Surgery, Cardiovascular Surgery, Orthopedic Surgery, Obstetrics & Gynecology, Ophthalmic Surgery, Wound Closure, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Peters Surgical, Corza Medical, Smith & Nephew PLC, Johnson and Johnson (Ethicon, Inc.), Boston Scientific Corporation, B. Braun Melsungen AG, DemeTECH Corporation, Medtronic PLC, ConMed Corporation, and Integra LifeSciences Holdings Corporation
Scope of the Study
Market Segments Covered in the Report:
- General Surgery
- Cardiovascular Surgery
- Orthopedic Surgery
- Obstetrics & Gynecology
- Ophthalmic Surgery
- Wound Closure
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Peters Surgical
- Corza Medical
- Smith & Nephew PLC
- Johnson and Johnson (Ethicon, Inc.)
- Boston Scientific Corporation
- B. Braun Melsungen AG
- DemeTECH Corporation
- Medtronic PLC
- ConMed Corporation
- Integra LifeSciences Holdings Corporation
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