Insights into the Surgical Suture European Industry to 2027 - By Product, Type, Application and Country - ResearchAndMarkets.com

DUBLIN--()--The "Europe Surgical Suture Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product , Type , Application , and Country" report has been added to ResearchAndMarkets.com's offering.

The European surgical suture market is projected to reach US$ 1,413.74 million by 2027 from US$ 925.29 million in 2019. The market is estimated to grow at a CAGR of 5.6% from 2020 to 2027.

The growth of The European surgical suture market is attributed to the increasing number of orthopedic surgeries and cardiovascular surgeries, and government support for the healthcare industry. However, the adoption of robots in surgeries is likely to have a negative impact on market growth.

The main reason for the rise in the orthopedic surgeries is due to the rising number of road accidents. In France, equal number men and women were recorded in road accidents. Therefore, in EU countries (including France), the high levels of ministerial promotion are being conducted. For instance, since 2009, the President of France referred road safety as one of the important national priorities and to establish high level committees to direct developments.

Furthermore, according to the National Interministerial Observatory of Road Safety (ONISR), 6,520 were injured in May 2018. The number of road accidents is rising and eventually leading to increasing number of surgeries and treatments involving orthopedic procedures. Along with orthopedic procedures, cardiovascular surgeries are expected to rise in the coming future, in turn, likely to drive the growth of the market under study.

The European surgical suture market, based on product, is further segmented into absorbable suture and non-absorbable suture. The absorbable suture is further subsegmented into natural sutures, synthetic sutures, and anti-microbial sutures. The non-absorbable suture is further subsegmented into stainless steel sutures, nylon sutures, prolene sutures, and others. In 2019, the absorbable suture segment held a larger share of the market and is expected to register a higher CAGR in the market during the forecast period. The European surgical suture market, based on type, is segmented into monofilament and braided.

In 2019, the monofilament segment held a larger share of the market and is expected to register a higher CAGR during 2020-2027. Further, The European surgical suture market, based on application, is segmented into cardiovascular surgery, general surgery, gynaecology surgery, orthopaedic surgery, ophthalmic surgery, and others. In 2019, the cardiovascular surgery segment held a larger share of the market; however, the market for the general surgery segment is expected to grow at a higher CAGR during the forecast period.

Reasons to Buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in The European surgical suture market.
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  • The key findings and recommendations highlight crucial progressive industry trends in The European surgical suture market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

Market Dynamics

Drivers

  • Government Support For Healthcare Industry
  • Rise In The Number of Surgeries

Restraints

  • Developments In The Alternates Of Sutures
  • Adoption Of Robotics Surgeries

Opportunities

  • Product Innovations In Surgical Suture Market.

Future Trends

  • Market Fluctuations

Companies Profiled

  • Medtronic
  • Johnson & Johnson Services, Inc.
  • B. Braun Melsungen Ag
  • Smith & Nephew
  • Teleflex Incorporated
  • Demetech Corporation
  • Serag-Wiessner Gmbh & Co. Kg Zum Kugelfang
  • Peters Surgical.
  • Assut Medical Sarl
  • W. L. Gore & Associates, Inc.

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900