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Monofilament Suture Market by Surgical Sutures Market, by Product (Absorbable Monofilament Suture and Non-absorbable Monofilament Suture), Application (Cardiovascular Surgery, General Surgery, Gynecological Surgery, Orthopedic Surgery Ophthalmic Surgery, Cosmetic & Plastic Surgery, and Others), and End User (Hospitals and Clinics, Surgical Centers, Diagnostic Centers, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028

A11536
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Aug 2021 | 71 Views
   
Author(s) : Onkar Sumant
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Monofilament Suture Market Statistics 2028 -

A suture is a stitch made to join exposed parts of a wound. Monofilament suture is made of single strand. Because of the single-stranded design, this type of sutures is relatively more resistant to harboring pathogens. Monofilament suture further exhibits less resistance when passed through the tissue when compared to multifilament sutures. However, the healthcare provider must take great care in tying and handling monofilament sutures. This is attributed to the fact that crimping or crushing the suture can weaken or nick it. If that happens, it can lead to premature and undesirable suture failure,

Monofilament-Suture

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2028

  Base Year Considered

  2020

  Forecast Period

  2021–2028

  Forecast Unit

  Value (USD)

  Segments Covered

  Product, Application, End User, and Region

  Regions Covered

  North America, Europe, Asia-Pacific, and LAMEA

  Companies Covered

Johnson & Johnson Medical, Medtronic, Inc., Peters Surgical, B.Braun, Internacional Farmacéutica, DemeTech, Inc., Kono Seisakusho, Surgical Specialties Corporation, Samyang Biopharmaceuticals, AD Surgical, Unik Surgical Sutures MFG, Assut Medical Sarl, Teleflex, Inc., and Lotus Surgicals

 

Impact of COVID-19 on Medical Device Market

COVID-19 is an infectious disease that originated in the Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.

Increase has been witnessed in the demand for medical supplies to take care of the infected population. Respiratory support devices such as atomizers, life support machines, oxygen generators, and monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. Furthermore, the need for medical supplies has increased among both from healthcare professionals and the civil population for precautionary measures, owing to rise in the number of COVID-19 cases worldwide. Manufacturers of these products have a chance to capitalize on this increased demand for medical supplies to ensure an adequate and continuous supply of personal protective equipment in the market. Therefore, COVID 19 is expected to have a significant impact on the monofilament suture market.

Top Impacting Factors

The suture market is flourishing due to increase in the number of surgical procedures being performed all over the glove. The launch of advanced sutures such as monofilament sutures and favorable reimbursement scenarios for different surgical procedures further influence the monofilament suture market growth.

Adults aged 65 and above are facing a higher risk of chronic conditions and diseases. Rapid growth in this population and rise in incidence of fatal diseases are expected to influence the microfilament suture market positively.

In recent years, the number of aesthetic and cosmetic procedures has increased due to rise in disposable income, enhanced procedural safety, and the availability of advanced technologies. The popularity of these procedures will further lead to the growth of the monofilament suture market.

The normalization of the global economy after the pandemic will slowly increase surgical procedures that were kept on hold, which, in turn, will lead to market growth. However, increase in preference for minimally invasive surgeries and alternative wound care management products are some of the factors that can influence the microfilament suture market negatively.

Key Market Trends

The monofilament suture market is considerably fragmented. Key companies such as Johnson & Johnson Medical are continuing to drive innovation and adopt digital transformations. The global microfilament suture market is hence dominated by market players with niche offerings.

The shift in demand for surgical devices due to the pandemic has forced key players to focus on product development, strategize their manufacturing abilities, and provide optimum supply chain facilities across and within countries.

Players in the microfilament suture market are further altering their strategies for both short-term and long-term growth by tapping the critical care devices market and by developing innovative products during the pandemic.

Nations such as Canada, Mexico, and South America could enable fibrin sealant and adhesive companies to take advantage of potential shorter supply chains and still-open trade routes.

Key Segments Covered

Segment

Subsegment

  Product

  • Absorbable Monofilament Suture
  • Non-absorbable Monofilament Suture

  Application

  • General Surgery
  • Gynecological Surgery
  • Orthopedic Surgery
  • Ophthalmic Surgery
  • Cosmetic & Plastic Surgery
  • Others

  End User

  • Hospitals and Clinics
  • Surgical Centers
  • Diagnostic Centers
  • Others

  Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

 

Key Benefits of the Report

  • This study presents the analytical depiction of the monofilament suture industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the monofilament suture market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the monofilament suture market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed monofilament suture market analysis depending on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the Global Monofilament Suture Market Report

  • Which are the leading players active in the monofilament suture market?
  • How is each segment of the market expected to grow during 2021–2028?
  • What are the adoption trends for monofilament suture in emerging economies and established economies across the world?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
  • What is monofilament suture?
  • What is the monofilament suture market prediction in the future?
  • What are the current trends and predicted trends?
 
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