About Catgut suture
The global Catgut Sutures market is expected to show significant growth over the forecast period due to increasing cases of aesthetic surgeries. New product launches by leading manufacturers have raised the potential of the Catgut Sutures market. Sutures are surgical accessories used to hold the body tissue together, which helps in the timely healing of a wound. Catgut sutures are used to cure various conditions, such as neuropathic ulcers, chronic wounds, etc. They are also used during cardiac surgery.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Catgut suture market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Johnson and Johnson Services Inc. (United States), Smith & Nephew (United Kingdom), Medtronic plc (Ireland), Derma Sciences (United States), 3M Healthcare (United States), B. Braun Melsungen AG (Germany), Molnlycke healthcare (Sweden), SMB Corporation Of India (India) and Lotus Surgicals (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Riverpoint Medical (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Catgut suture market by Type (Absorbable Sutures and Non-absorbable Sutures), Application (Skin Closure, General Soft Tissue Approximation, Ligation and Other) and Region.
On the basis of geography, the market of Catgut suture has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Raw Material, the sub-segment i.e. Natural will boost the Catgut suture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Bovine Suture will boost the Catgut suture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Catgut suture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Rising Incidences of Trauma Cases and The Growing Usage of Catgut Sutures during Surgeries
Market Growth Drivers:
The Increasing Number of Surgeries and The Rising Healthcare Expenditure
Challenges:
The High Risks Associated with The Surgery and Lack of Skilled Professionals
Restraints:
The Growing Concern of Lack of Product Innovation and Improper Sterilization Systems
Opportunities:
The Upsurging Cases of Facial Rejuvenation and Skin Surgery and The Growing Healthcare Expenditure
Market Leaders and their expansionary development strategies
In February 2021, Corza acquired Surgical Specialties Corp., a supplier of surgical sutures and ophthalmic knives. This has helped the company to expand.
In November 2021, Smith+Nephew, the global medical technology business, announced the launch of CORI◊ handheld robotics, an advanced system for both total and partial knee arthroplasties.
Key Target Audience
Catgut suture Manufactures, Catgut suture Suppliers, Catgut suture Distributors, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.