LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global surgical sutures market report. This market research report also lists 19 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the global surgical sutures market is fragmented with the presence of many global and local vendors offering a broad range of surgical sutures and suture-assist devices. They offer a wide array of suture materials with coatings and barbed structures with high knot security and tensile strength. The growth in this market is attributed by the growing technological advancements in suture materials and suture-assist devices and increase in the volume of surgeries with chronic disease conditions.
“As the market has reached maturation, especially in developed countries, the key players are focusing on inorganic growth strategies such as M&As to maximize their sales volume to overcome growing threat from local players and declining profit from surgical sutures. Some vendors are investing in R&D activities to revamp their existing product portfolio with natural absorbable surgical sutures, which are more advantageous than non-absorbable ones,” says Barath Palada, a lead analyst at Technavio for orthopedics and medical devices research.
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Technavio market research analysts identify the following key vendors:
B. Braun Melsungen
B. Braun Melsungen is a medical device and pharmaceutical company that supplies various kinds of products for intensive medicine, anesthesia, cardiology, blood treatment, and surgeries. The company manufactures and distributes suture materials. It is considered as one of the leading industrial suppliers of suture materials. The company offers surgical sutures and mechanical sutures under wound closure division. It offers absorbable, non-absorbable, customized, and special suture sets such as Monosyn, MonoPlus, Monomax, Safil, Episio-Set, Trelon, Supramid, and customized Pro-Set.
Ethicon is a subsidiary of Johnson & Johnson, which develops surgical care products. The company is considered as a market leader among end-users in suture technology. It offers a broad range of absorbable, non-absorbable surgical sutures, and suture-assist devices portfolio under wound closure segment. The demand for company's Ethicon Plus, a triclosan-coated suture is growing at a significant rate as it is being recommended by many prestigious organizations including WHO, the CDC, and ACS & SIS.
Medtronic offers services under four major operating segments include restorative therapies group, minimally invasive therapies group (formerly Covidien group), cardiac and vascular group, and diabetes group. Surgical sutures come under wound closure segment in minimally invasive therapies group. The company offers absorbable (Velosorb and Caprosyn), non-absorbable (Dermalon and Monosof), and barbed sutures. The company also offers endoscopic suturing devices such as Endo Stitch, SILS Stitch, and Endo Close instruments.
DemeTECH Corporation manufactures surgical sutures and blades. The company offers absorbable, non-absorbable surgical sutures, with varied needle shapes such as round bodies, curved, reverse cutting, taper cutting, and micro-point spatulas. Some of the company's surgical suture products include DemeLENE (polypropylene), DemeCRYL (polyglactin 910), DemeDIOX (polydioxanone), DemeSTEEL (surgical steel), and DemeGUT PLAIN (plain catgut).
Smith & Nephew
Smith & Nephew develops and manufactures advanced wound management equipment, endoscopy, and orthopedic reconstruction devices. The company offers TWINFIX ULTRABRAID suture. It is non-absorbable with high knot breaking strength and strong resistance to fraying. The company is investing in R&D to enhance the existing product portfolio and to design new products.
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