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Pulished Date April, 2021
ID: 2649
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Asia Pacific Surgical Sutures Market Research Report - Segmented By Product, Application, End User, Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 2649
Pages: 130

APAC Surgical Sutures Market Size (2021 to 2026)

The size of the Asia Pacific Surgical Sutures Market is predicted to grow USD 1.04 Billion by 2026 from USD 0.80 Billion in 2021, registering a CAGR of 5.4% from 2021 to 2026.

When it comes to removal, they are more convenient than stitches. With the help of government initiatives and launching various public healthcare programs, a rise in the elderly population, growing healthcare expenditure, increase in the number of complex surgeries, and increasing medical tourism, the APAC surgical staples market is expected to see significant growth during the forecast period.

The growth of the APAC Surgical Sutures Market is primarily driven by the improved healthcare infrastructure, growing healthcare knowledge, rising disposable income, accelerating demand for healthcare needs, and Y-O-Y growth in medical tourism. Asia-Pacific region is considered to be the quickest growing among all the regions. In addition, factors such as Y-O-Y growth in the prevalence of chronic diseases and the rising number of technological advancements such as absorbable sutures further drive the market growth. Also, the increase in the number of surgeries and the growing demand for surgical suture devices are accelerating the market's growth rate.

The cost associated with the surgical suture devices is so expensive, where small-scale hospitals and clinics couldn’t afford to purchase them, obstructing the market. In addition, not know surgical suture devices or a lack of trained professionals is hampering the market.

Increasing competition and strict regulations among key players are the major obstacles to controlling market expansion. In many cases, needle-related infections have hampered the growth of the surgical suture market. In addition, the lack of a proper sterilization system and unfavorable taxation in medical institutions hinder the growth of the APAC Surgical Sutures Market.

This research report on the APAC surgical sutures market has been segmented and sub-segmented into the following categories:

By Product:

  • Sutures
    • Absorbable sutures          
      • Natural sutures
      • Synthetic sutures
    • Non-Absorbable sutures
      • Nylon sutures
      • Proline sutures
      • Stainless steel sutures
      • Other Non-absorbable sutures
    • Automated Suturing devices                            
      • Disposable          
      • Reusable              

By Application:

  • Surgeries
  • General Surgeries
  • Gynecological Surgeries
  • Orthopedic Surgeries
  • Ophthalmic Surgeries
  • Other Applications

By End User:

  • Hospitals
  • Other End-Users

By Region:

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

The Asia-Pacific region is estimated to be the fastest-growing region in the global market due to the largest population and rise in diabetes, cardiovascular disease, coronary thrombosis, cancer, etc. In addition, China, India, South Korea, and other Asia-Pacific nations are expected to see major improvements in healthcare infrastructure, which is expected to generate growth possibilities to the APAC surgical sutures market. As a result, the Philippines, South Korea, and Taiwan have contributed 10-15% of the market share to the APAC surgical sutures market in 2020.

The surgical sutures market has a quick growth rate in India. The major factors propelling the market's growth rate are the increasing usage of sutures in the healthcare sector and the rise in chronic diseases. In addition, the easy availability of raw materials is also propelling the growth rate of the market.

China has been providing crucial opportunities for the key market participants owing to making better changes in healthcare infrastructure, increasing knowledge related to healthcare, and increasing demand for better healthcare.

The Japanese surgical sutures market is one of the leading countries in the APAC region. This is attributed due to growing disposable income and the increasing medical tourism industry. In addition, the government's rise in investments in the development of innovative products greatly influences the market's growth rate.

KEY MARKET PLAYERS:

Some of the most promising companies operating in the APAC Surgical Sutures Market profiled in this 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                             

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Asia-Pacific Surgical Sutures Market By Type, From 2021 to 2026 (USD Million)
  2. Asia-Pacific Sutures Market By Region, From 2021 to 2026 (USD Million)
  3. Asia-Pacific Automated suturing devices Market By Region, From 2021 to 2026 (USD Million)
  4. Asia-Pacific Surgical Sutures Market By Application, From 2021 to 2026 (USD Million)
  5. Asia-Pacific Cardiovascular surgeries Market By Region, From 2021 to 2026 (USD Million)
  6. Asia-Pacific General surgeries Market By Region, From 2021 to 2026 (USD Million)
  7. Asia-Pacific Gynecological surgeries Market By Region, From 2021 to 2026 (USD Million)
  8. Asia-Pacific Orthopedic surgeries Market By Region, From 2021 to 2026 (USD Million)
  9. Asia-Pacific Ophthalmic surgeries Market By Region, From 2021 to 2026 (USD Million)
  10. Asia-Pacific Other applications Market By Region, From 2021 to 2026 (USD Million)
  11. Asia-Pacific Surgical Sutures Market By End user, From 2021 to 2026 (USD Million)
  12. Asia-Pacific Hospitals Market By Region, From 2021 to 2026 (USD Million)
  13. Asia-Pacific Other end users Market By Region, From 2021 to 2026 (USD Million)
  14. Asia-Pacific Surgical Sutures Market By End user, From 2021 to 2026 (USD Million)
  15. Asia-Pacific Hospitals Market By Region, From 2021 to 2026 (USD Million)
  16. Asia-Pacific Cardiac centres Market By Region, From 2021 to 2026 (USD Million)
  17. Asia-Pacific Ambulatory surgical centres Market By Region, From 2021 to 2026 (USD Million)
  18. Japan Surgical Sutures Market By Type, From 2021 to 2026 (USD Million)
  19. Japan Surgical Sutures Market By Application, From 2021 to 2026 (USD Million)
  20. Japan Surgical Sutures Market By End user, From 2021 to 2026 (USD Million)
  21. Japan Surgical Sutures Market By End user, From 2021 to 2026 (USD Million)
  22. China Surgical Sutures Market By Type, From 2021 to 2026 (USD Million)
  23. China Surgical Sutures Market By Application, From 2021 to 2026 (USD Million)
  24. China Surgical Sutures Market By End user, From 2021 to 2026 (USD Million)
  25. China Surgical Sutures Market By End user, From 2021 to 2026 (USD Million)
  26. India Surgical Sutures Market By Type, From 2021 to 2026 (USD Million)
  27. India Surgical Sutures Market By Application, From 2021 to 2026 (USD Million)
  28. India Surgical Sutures Market By End user, From 2021 to 2026 (USD Million)
  29. India Surgical Sutures Market By End user, From 2021 to 2026 (USD Million)
  30. Australia Surgical Sutures Market By Type, From 2021 to 2026 (USD Million)
  31. Australia Surgical Sutures Market By Application, From 2021 to 2026 (USD Million)
  32. Australia Surgical Sutures Market By End user, From 2021 to 2026 (USD Million)
  33. Australia Surgical Sutures Market By End user, From 2021 to 2026 (USD Million)
  34. South Korea Surgical Sutures Market By Type, From 2021 to 2026 (USD Million)
  35. South Korea Surgical Sutures Market By Application, From 2021 to 2026 (USD Million)
  36. South Korea Surgical Sutures Market By End user, From 2021 to 2026 (USD Million)
  37. South Korea Surgical Sutures Market By End user, From 2021 to 2026 (USD Million)
  38. Asia-Pacific Surgical Sutures Market By Sutures, From 2021 to 2026 (USD Million)
  39. Asia-Pacific Absorbable sutures Market By Region, From 2021 to 2026 (USD Million)
  40. Asia-Pacific Non absorbable sutures Market By Region, From 2021 to 2026 (USD Million)
  41. Japan Surgical Sutures Market By Sutures, From 2021 to 2026 (USD Million)
  42. China Surgical Sutures Market By Sutures, From 2021 to 2026 (USD Million)
  43. India Surgical Sutures Market By Sutures, From 2021 to 2026 (USD Million)
  44. Australia Surgical Sutures Market By Sutures, From 2021 to 2026 (USD Million)

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