About Suture Wire
The suture wire market is expected to grow in the future due to an increasing prevalence of a number of chronic diseases and development in the suture wire material. A suture wire is a thread that holds the body tissue after surgery or injury. Sutures wires are used in different surgeries like cardiac, renal, dental, and many more. They play an important role in the field of medicine. global suture wire market is driven by an increasing number of surgeries and accidents.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Suture Wire 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.
Lotus SurgicalsBoston Scientific Corporation (United States), Demetech Corporation (United States), Endoevolution Llc (United States), Ethicon Inc. (United States), Apollo Endosurgery Inc. (United States), B. Braun Melsungen AG (Germany), Smith & Nephew Plc. (United Kingdom), Surgical Specialties Corporation (Germany), Sutures India Pvt Ltd (India), Internacional Farmacéutica S.A. (United States), Medtronic PLC (United Kingdom), Peters Surgical (France), Covidien Plc. (United Kingdom) and Jiangxi Longteng Co. Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are DemeTech (United States), Teleflex Incorporated (United States) and Lotus Surgicals Pvt Ltd. (India).
Segmentation Overview
AMA Research has segmented the market of Global Suture Wire market by Type (Absorbable Suture Wire and Non-Absorbable Suture Wire), Application (Hospitals, Clinics and Other) and Region.
On the basis of geography, the market of Suture Wire 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).
Influencing Trend:
Rise in Demand for Better Healthcare Facilities
Market Growth Drivers:
Rising Number of Surgeries and Increasing Diabetic and Obese Population across the Globe
Challenges:
Fluctuation in the Price of Raw Material
Restraints:
High Cost of the Product
Opportunities:
Increasing Healthcare Expenditure Across Emerging Markets and Growth in Demand for Minimally Invasive Surgeries
Market Leaders and their expansionary development strategies
In December 2020, Zimmer Biomet Holdings, Inc., a global leader in musculoskeletal healthcare, has acquired of A&E Medical Corporation, a Vance Street Capital Portfolio Company."This deal aligns with our active portfolio management strategy and the ongoing transformation of our business that will position Zimmer Biomet for long-term growth."
In January 2023 , Able Medical Devices has launched of Valkyrie® Looped Sternotomy Sutures.The stainless-steel looped wire sutures are used to close a patient’s chest after open heart surgery. When compared to traditional wire sutures, the Valkyrie Looped Suture doubles the surface area of single wires and provides a more robust sternal closure. Valkyrie Looped Sternotomy Sutures are fitted with three different needle configurations and available in two different sizes (48mm & 55mm).
Key Target Audience
Suture wire manufacturers, Suture wire suppliers, Research and Development (R&D) Companies, Independent Research Laboratories, Government and Independent Regulatory Authorities, Market Research and Consulting Service Providers, Medical Research Laboratories and Academic Medical Institutes and Universities
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.