According to the global ophthalmic sutures market report published by Zion Market Research (ZMR), the ophthalmic sutures market has probably attained a value of around USD 314.0 million in 2018. Based on the analytical data, the analysts have estimated the market would grow at a CAGR of around 6.0% during the projected period and eventually reach the value of nearly USD 470.6 million by 2025. The globally renowned companies manufacturing surgical sutures are driving the market by aggressively focusing on designing and launching new surgical sutures. For instance, Ethicon, a subsidiary of Johnson & Johnson, designed VICRYL Plus antibacterial suture, which is synthetic, absorbable, and formed from a copolymer comprising 90% glycolide and 10% L-lactide.
Some of the efficiently performing market contenders are Assut Medical Sarl, Accutome Inc., Aurolab, Alcon Inc., DemeTech Corporation, B Braun Melsungen AG, Medtronic Plc, FCI Ophthalmic Inc., Surgical Specialties Corp, Rumex International Co., Unilene, and Teleflex Incorporated.
Sterile sutures are employed to conduct various surgical operations with the purpose of preventing pathogenic infection. Rising incidence of vision loss and severe ocular diseases such as macular edema, cataract, glaucoma, and other neuro-ophthalmic disorders are some of the key factors propelling the global ophthalmic sutures market. American Academy of Ophthalmology stated that glaucoma is the global leading cause of irreversible blindness, especially among the aged people.
More Success Rate For Ophthalmic Surgical Operations Is Likely To Propel The Global Market
In addition, the development and launch of technologically advanced ophthalmic surgical devices, such as innovation and approval of new imaging technologies, is likely to drive the market. The advanced tech-based imaging devices help surgeons to carry out surgical procedures in an effective, easier, and much better way.
The ZMR-published global ophthalmic sutures market report exhibits a comprehensive analysis of the market by categorizing it based on the absorption capacity, type, end-use, application, and region. The market on the basis of absorption capacity is divided into non-absorbable and absorbable. By type, the market is further segmented into synthetic and natural. By end-use, the market is categorized into ambulatory surgical centers, hospitals, and others. Based on the application, the market is segmented into cataract surgery, oculoplastic surgery, iridectomy surgery, corneal transplantation surgery, vitrectomy surgery, and others. By the distribution channel, the market is bifurcated into hypermarket/supermarket, online retailing, specialty stores, on-trade, and others. The geographical categorization includes the performance of the market on regional basis across the world.
Despite North America Attaining The Leading Position, The Asia Pacific Is Anticipated To Be Highly Lucrative Region Throughout The Projected Period
In 2019, North America has sustained the dominating position in the market, as the count of ophthalmic surgical procedures carried out during the year was relatively more than the previous years. Apart from this, the aging population in the US is also increasing, which attributes to the keen requirement for ophthalmic surgery in the region. Based on statistics released by WHO, the population of people with the age of 65 or above will probably reach around 78 million by the end of 2035. It seems to be a positive indication for the rising demand for the product.
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The Asia Pacific region is anticipated to be the swiftly growing region across the globe throughout the projected period. Huge funding offered by various private and public investors, government initiatives to disseminate information regarding ophthalmic disorders, and high incidences of ocular diseases are the major factors impelling the market.
This review is based on a report by Zion Market Research, titled “Global Ophthalmic Sutures Market By Absorption Capacity (Non-Absorbable And Absorbable), By Type (Synthetic And Natural), By End-Use (Ambulatory Surgical Centers (ASCs), Hospitals, And Others), By Application (Cataract Surgery, Oculoplastic Surgery, Iridectomy Surgery, Corneal Transplantation Surgery, Vitrectomy Surgery, And Others), And By Region – Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025”
The ZMR-published market research report categorizes the global ophthalmic sutures market as follows:
By Absorption Capacity:
- Ambulatory surgical centers (ASCs)
- Cataract surgery
- Oculoplastic surgery
- Iridectomy surgery
- Corneal transplantation surgery
- Vitrectomy surgery
- North America
- The U.S.
- Asia Pacific
- Latin America
- Middle East and Africa
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