The Latin America, Middle East and Africa Surgical Sutures Market would witness market growth of 7.0% CAGR during the forecast period (2021-2027).
Gut sutures and Silk sutures are other alternatives of synthetic sutures, utilized since ancient times. Countries like Japan and Europe have banned the usage of Gut sutures regarding bovine spongiform encephalopathy concern. Tensile strength varies according to the suture size, the smaller the size of the suture, the less the strength of tensile, and thus, it is mostly used for closing the wound appropriately.
In the past years, reusable hole needles with separate suture threads were used in wound treatments same as in embroidery sewing, through this process doctors can use a needle with any thread combination for closing any wound. These days, doctors prefer Swaged, or atraumatic sutures consisting of a prepacked eyeless needle attached to the specific length of sutures.
LAMEA is a moderately growing market for automated suturing devices. LAMEA is investing to buy new and advanced healthcare pieces of equipment with the increase in cases of operations for different purposes. In June 2015, the UAE government introduced new health insurance in Dubai to support nationals not covered under any other funded health insurance scheme. Through this scheme, more than 130,000 people were offered treatment in 23 private hospitals and more than 500 medical clinics in Dubai.
Dubai Health Authority announced complete health insurance for the Dubai residents, which would enable them for the renewal of their UAE residence visas. With the rapid increase in the cases of diabetes and cancer, this region is witnessing a larger need for surgical equipment. The high prevalence of various diseases in African region, along with the constantly increasing healthcare expenditure by the consumers as well as the governments, would further propel the growth of the regional surgical sutures market.
The Brazil market dominated the LAMEA Surgical Sutures Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $95.4 million by 2027. The Argentina market is poised to grow at a CAGR of 7.6% during (2021 - 2027). Additionally, The UAE market would exhibit a CAGR of 6.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Surgical Sutures Market is Predict to reach $5.3 Billion by 2027, at a CAGR of 5.1%
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
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