According to our report, the size of the Asia Pacific Surgical Sutures Market is predicted to grow USD 0.99 Billion by 2024 from USD 0.76 Billion in 2019, registering a CAGR of 5.4% from 2019 to 2024.
APAC Surgical Sutures Market is also propelled with the improved healthcare infrastructure, increased healthcare knowledge, increased disposable income, increased demand for healthcare needs, and increased medical tourism. The Asia-Pacific region is providing key growth prospects for key companies. Asia-Pacific region is considered to be the quickest growing of all the five regions. Factors like common increase of chronic diseases, huge obtainment of technologically advanced devices like absorbable sutures are driving the demand of the market. Also, the increase of surgeries and growing demand for surgical suture devices are accelerating the market growth.
The cost associated with the surgical suture devices is so expensive, where small scale hospitals and clinics couldn’t afford to purchase obstructing the market. Having no knowledge about the surgical suture devices or lack of trained professionals is hampering the market.
MARKET RESTRAINTS
The main challenges in the APAC Surgical Sutures Market are increasing competition and strict regulations among key players are the main obstacles to controlling market expansion and in many cases, needle-related infections have hampered the growth of the surgical suture market, primarily during the forecast period.
The lack of a proper sterilization system and unfavourable taxation in medical institutions hinder the growth of the APAC Surgical Sutures Market.
This research report has been segmented and sub-segmented into the following categories:
Regionally, the Asia-Pacific region is estimated to be the fastest-growing region due to the largest population and rise in the number of people suffering from diabetes, cardiovascular disease, coronary thrombosis, cancer, etc. Also, China, India, South Korea, and other Asia-Pacific nations will see major improvements in healthcare infrastructure which will rapidly increase the opportunities of this market. In the Philippines, South Korea and Taiwan have contributed 10-15% of the revenue in the surgical sutures market.
India Surgical Sutures Market
The surgical sutures market has a quick growth rate in India. The major factors propelling the growth rate of the market is increasing usage of sutures in the healthcare sector, and rise in a number of chronic diseases. Easy availability of raw materials is also propelling the growth rate of the market.
China Surgical Sutures market
China has been providing important opportunities for the key players owing to making better changes in healthcare infrastructure, increasing knowledge related to healthcare and increasing demand for better healthcare.
Japan Surgical Suture Market
Japan is one of the leading countries of the APAC region. This is attributed due to growing disposable income and increasing medical tourism industry. Rise in the investments on the development of innovative products by the government is greatly influencing the growth rate of the market.
Some of the market participants leading the Asia Pacific Surgical Sutures Market Profiled in the Report are Johnson & Johnson Inc., B. Braun Melsungen AG, Smith & Nephew PLC, Demetech Corporation, Conmed Corporation, W.L. Gore & Associates, Boston Scientific Corporation, 3M Healthcare, Medtronic Inc. and Sutures India Pvt Ltd.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 Sutures
5.1.2.1 Absorbable sutures
5.1.2.1.1 Natural sutures
5.1.2.1.2 Synthetic sutures
5.1.2.2 Non-Absorbable sutures
5.1.2.2.1 Nylon sutures
5.1.2.2.2 Prolene sutures
5.1.2.2.3 Stainless steel sutures
5.1.2.2.4 Other Non absorbable sutures
5.1.3 Automated Suturing devices
5.1.3.1 Disposable
5.1.3.2 Reusable
5.1.4 Y-o-Y Growth Analysis, By product
5.1.5 Market Attractiveness Analysis, By product
5.1.6 Market Share Analysis, By product
5.2 Application
5.2.1 Introduction
5.2.2 Cardiovascular surgeries
5.2.3 General surgeries
5.2.4 Gynecological surgeries
5.2.5 Orthopedic surgeries
5.2.6 Ophthalmic surgeries
5.2.7 Other applications
5.2.8 Y-o-Y Growth Analysis, By Application
5.2.9 Market Attractiveness Analysis, By Application
5.2.10 Market Share Analysis, By Application
5.3 End user
5.3.1 Introduction
5.3.2 Hospitals
5.3.3 Other end users
5.3.4 Y-o-Y Growth Analysis, By end user
5.3.5 Market Attractiveness Analysis, By End user
5.3.6 Market Share Analysis, By end user
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By Application
6.1.3.4 By End user
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By Application
6.1.4.4 By End user
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Application
6.1.5.4 By End user
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Johnson & Johnson Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 B. Braun Melsungen AG
8.3 Smith & Nephew plc
8.4 Demetech Corporation
8.5 Conmed Corporation
8.6 W.L. Gore & Associates
8.7 Boston Scientific Corporation
8.8 3M Healthcare
8.9 Medtronic Inc.
8.10 Sutures India Pvt Ltd.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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Aug 2019
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