The global absorbable sutures market is driven by aging population, rising incidence of chronic disease, and increasing use of sutures in child delivery process to repair episiotomy and tears at childbirth. The market value was $649 million in 2013 and estimated to be $709 million by 2018, at a CAGR of 2.00%. The Absorbable Sutures market is the fastest growing segment of $1,179 million global sutures market.
The report “Absorbable Sutures Market Forecast, 2012-2018”, analyzes the market of absorbable sutures in terms of materials such as surgical gut and synthetic absorbable polymers. All these segments experienced a positive growth till 2013. The markets have been witnessing the maximum growth because of increasing number of surgeries, burns, and delivery of child. It was seen that women stitched with synthetic material had less pain in the first three days after delivery and needed fewer drugs to relieve pain in the 10th day after giving birth, compared with women stitched with catgut.
Asian markets can be seen as important markets for Absorbable Sutures industry, due to increase in aging population and increase in low disposable income which results into use of inexpensive methods of wound healing. In Asia, absorbable sutures market accounted for 54% share of total market share in 2013 and the market value is expected to reach $93 million by 2018.
In North America (US, Canada) and Europe (Germany, France, Italy, Spain, UK), the reimbursement schemes drives this market. If a simple suture can heal a wound, practitioners prefer less labor intensive and cheaper option. In these cases, payers find it difficult to justify the higher prices of advanced products. The increase in surgical wounds across the world drives the absorbable sutures market. Absorbable suture materials are ideal in pediatric cardiovascular surgery, as children grow and develop continually is essential during child delivery.
The report provides an extensive competitive landscaping of companies operating in this market. The key players of the market covered in this report are Smith & Nephew, 3M healthcare, Johnson and Johnson, Derma Sciences, Covidien, and Molnlycke Health Care. The country-specific company shares, news and deals, M&A, segment specific-pipeline products, product approvals and product recalls of the major companies is also covered in the report.
Customization Options
Along with the market data, you can also customize MMM assessments that meet your company’s specific needs. Customize to get comprehensive industry standard and deep-dive analysis of the following parameters:
Product Analysis
- Usage pattern (in-depth trend analysis) of products (segment-wise)
- Product matrix which gives a detailed comparison of product portfolio of each company mapped at country and sub-segment level
- Applications of the products (segment and country-wise)
- Comprehensive coverage of product approvals, pipeline products, and product recalls
Epidemiology Data
- Country specific prevalence of ulcers, burns, and surgical wounds
- Country specific patient pool of skin ulcers, diabetic ulcers, neuropathic ulcers, number of child deliveries, pediatric cardiac surgeries
- Disease progression (pattern analysis)
Surgeon’s/Physician’s Perception Analysis
- Fast turn-around analysis of surgeons response to market events and trends
- Pattern analysis of usage of absorbable sutures products by physicians
- Surgeons opinion about products from different companies
- Surgeons qualitative inputs on epidemiology data
Brand/Product Perception Matrix
- Comprehensive study of customers perception and behavior through our inbuilt social connection tool checking the virality and tonality of blogs
- Analysis of overall brand usage and familiarity and brand advocacy distribution (detractor/neutral/familiar)
Alternative Products: Impact analysis
MMM’s Healthcare Decision Making Quadrant It is an innovative and useful quadrant for vendors who wish to analyze the potential growth markets based on parameters like Patient dynamics (Patient pool, epidemiology of disease, preference towards surgeries/alternative therapies) and Macroeconomic indicators (aging population, reimbursement scenario, treatment rate and healthcare expenditure).
1 Introduction
1.1 Analyst Insights
1.2 Market Definitions
1.3 Market Segmentation & Aspects Covered
1.4 Research Methodology
2 Executive Summary
3 Market Overview
4 By Applications
4.1 Skin Ulcers (Wound Management)
4.2 Burns (Wound Management)
4.3 Surgical Wounds (Wound Management)
5 By Geographies
5.1 North America
5.2 Europe
5.3 Asia
5.4 Rest of World
6 By Companies
6.1 Paul Hartmann AG
6.2 Smith & Nephew
6.3 Kinetic Concepts, Inc.
6.4 Molnlycke Healthcare
6.5 ConvaTec
6.6 Systagenix
6.7 3M Health Care
6.8 Coloplast
6.9 Other Companies
6.10 Hollister Incorporated
6.11 Derma Lifesciences
6.12 Urgo Medical
6.13 Johnson & Johnson
6.14 BSN Medical
6.15 Covidien Plc
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Asian Absorbable Sutures The Asian absorbable sutures market is driven by aging population, rising incidence of chronic disease, and increasing use of sutures in child delivery process to repair episiotomy and tears at childbirth. The market value was $80 million in 2013 and estimated to be $93 million by 2018, at a CAGR of 3.3%.The Asian absorbable sutures market can be segmented on the basis of geography, companies and macroindicator.Deep dive analysis of the top players of this market have been considered in this report. |
Upcoming | |
European Absorbable Sutures The European absorbable sutures market is driven by aging population, rising incidence of chronic disease, and increasing use of sutures in child delivery process to repair episiotomy and tears at childbirth. The market value was $128 million in 2013 and estimated to be $136 million by 2018, at a CAGR of 1.3%.The European absorbable sutures market can be segmented on the basis of geography, companies and macroindicator.Deep dive analysis of the top players of this market have been considered in this report. |
Upcoming | |
North American Absorbable Sutures The North American absorbable sutures market is driven by aging population, rising incidence of chronic disease, and increasing use of sutures in child delivery process to repair episiotomy and tears at childbirth. The market value was $388 million in 2013 and estimated to be $421 million by 2018, at a CAGR of 1.8%. The North American absorbable sutures market can be segmented on the basis of geography, companies and macroindicator.Deep dive analysis of the top players of this market have been considered in this report. |
Upcoming |