The European sutures market is driven by aging population and rising incidence of chronic diseases. The sutures market was valued at $233 million in 2013 and is estimated to reach $246 million by 2018, at a CAGR of 1.30% from 2013 to 2018.
The report analyzes the market for sutures in terms of types and materials. Sutures, in terms of types, are divided into absorbable and non-absorbable sutures, and on the basis of materials, into natural and synthetic sutures. The segments experienced a positive growth till 2013, as physicians mainly chose to treat wounds with dry bandages and dressings. The market accounted for more than 50% of the chronic and severe wound care market. With a market value of $128 and $105 million respectively in 2013, absorbable and non-absorbable products accounted for 54% and 46% in the total sutures industry. Both the markets have been witnessing significant growth because of increasing number of surgeries and incidences of burns. The market is now a mature market and has slow growth due to lack of new product innovation is this category.
In Europe, the reimbursement schemes drive the sutures market. If a simple suture can heal a wound, practitioners prefer less labor-intensive and cheaper options to cure the disease. 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 market. Absorbable sutures materials are ideal in pediatric cardiovascular surgery.
The report also provides extensive competitive landscaping of the leading companies operating in this market. The key players covered in this report include 3M healthcare, Johnson and Johnson, Derma Sciences, Covidien and Molnlycke Healthcare, and Smith & Nephew, among others. The details of segment and country-specific company shares, news & deals, M&A, segment-specific pipeline products, product approvals, and product recalls are also covered in the report.
Customization Options
Along with the market data, customize the MMM assessments to meet your company’s specific needs. Customize to get a comprehensive summary of the industry standards 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 products (segment and country wise)
- A 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, and pediatric cardiac surgery
- Disease progression (pattern analysis)
Surgeons’/Physicians’ Perception Analysis
- Fast turn-around analysis of surgeons’ response to market events and trends
- Pattern analysis of usage of sutures products by physicians
- Surgeons’ opinions about products from different companies
- Surgeons’ qualitative inputs on epidemiology data
Brand/Product Perception Matrix
- A comprehensive study of customers’ perception and behavior through our inbuilt social connection tool checking the virality and tonality of blogs
- An 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 such as patient dynamics (patient pool, epidemiology of disease, preference towards surgeries/alternative therapies) and macroeconomic indicators (aging population, reimbursement scenario, treatment rate and healthcare expenditure).
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North American Wound Closure Market The North American Wound Closure Market was valued at $1.2 billion in 2013 and is expected to reach $1.4 billion by 2018, at a CAGR of 2.0%. The report “North American Wound closure Market forecast, 2012-2018” analyzes the market of Wound Closure by 3 segments such as Sutures, Staples and Staplers, Tissue adhesives, Sealants and glues. The main companies operating in Wound closure market and extensively covered in this report are Smith & Nephew, 3M healthcare, Johnson and Johnson, Derma Sciences, Covidien and Molnlycke healthcare. |
Upcoming | |
European Wound Closure Market The European Wound Closure Market was valued at $431 million in 2013 and is expected to reach $473 million by 2018, at a CAGR of 2.1%. The report “European Wound closure Market forecast, 2012-2018” analyzes the market of Wound Closure by 3 segments such as Sutures, Staples and Staplers, Tissue adhesives, Sealants and glues. The main companies operating in this market and extensively covered in this report are Smith & Nephew, 3M healthcare, Johnson and Johnson, Derma Sciences, Covidien and Molnlycke healthcare. |
Upcoming | |
Asian Wound Closure Market The Asian Wound Closure Market was valued at $262 million in 2013 and is expected to reach $294 million by 2018, at a CAGR of 2.6%. The report “Asian Wound closure Market forecast, 2012-2018” analyzes the market of Wound Closure by 3 segments such as Sutures, Staples and Staplers, Tissue adhesives, Sealants and glues. The main companies operating in this market and extensively covered in this report are Smith & Nephew, 3M healthcare, Johnson and Johnson, Derma Sciences, Covidien and Molnlycke healthcare. |
Upcoming |