Global Ophthalmic Sutures Market was valued US$ XX Mn in 2019 and is expected to grow US$ 534.1 Mn by 2027, at a CAGR of 5.99% during the forecast period.
Global Ophthalmic Sutures Market
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Ophthalmic sutures are surgical products that are used for sewing together different tissues for the treatment of different ophthalmic conditions. These sutures are generally used in cataract surgery, corneal transplantation, iridectomy procedures, vitrectomy, and oculoplastic surgeries amongst many others.
The occurrence of ophthalmic diseases such as glaucoma, hyperopia, cataract, myopia, diabetic retinopathy, and macular degeneration is increase day by day is the main factor that drives the market growth. According to the estimations of WHO, around 51% of blindness across the world results from cataract. So, physicians have been vastly recommending surgical procedures for treating ophthalmic diseases which will encourage the demand for surgical sutures.
In the adult group, in which other eye diseases were common, one-third of the cases of legal blindness was caused by diabetic retinopathy. Surgical treatment is recommended to cure diabetic retinopathy and many new techniques to perform surgeries are also being developed, which would create an encouraging growth environment for the ophthalmic sutures market.
Talking about the ophthalmic suture producers, Surgical Specialties Corporation (SSC), a global producer of ophthalmic suture needles and equipment, has reportedly launched Caliber Ophthalmics, its latest business division. It combines its Sharpoint brand, which has earned a confidential reputation helping ophthalmic surgeons for over 50 years with its two ophthalmic acquisitions, Unique Technologies, Inc. and VPM Surgical, Inc.
The corneal transplantation surgery segment is expected to account for the largest revenue by 2027 because an increase in corneal donations together with rising demand for corneal transplantations are expected to foster the segmental growth. For example, in 2018, EBAA had witnessed Eye Donation Month aimed at promoting corneal donation and transplantation awareness and inspiring people to register for eye, tissue, and organ donation.
The ambulatory surgical centers are witnessing a higher inclination among the patients due to many enhanced facilities, such as more sophisticated treatment, surgeries with minimum invasion, and low-cost treatment. Further, ASCs offer better assistance, advanced equipment, and infection control in ophthalmic surgeries that improve post-operation difficulties.
Region-wise, North America is expected to hold the largest market share by 2027, because of the augmented volume of ophthalmic surgical procedures being carried out in the region caused by a rise in the old age population. Asia-Pacific is expected to hold the highest CAGR of X.X% of the ophthalmic sutures market, thanks to boosted levels of expenditure being incurred on the innovations of healthcare services and infrastructure.
The objective of the report is to present a comprehensive analysis of the Global Ophthalmic Sutures Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Ophthalmic Sutures Market dynamics, structure by analyzing the market segments and project the Global Ophthalmic Sutures Market size. Clear representation of competitive analysis of key players By Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Ophthalmic Sutures Market make the report investor’s guide.
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Global Ophthalmic Sutures Market, By Type
Global Ophthalmic Sutures Market, By Absorption Capacity
• Absorbable Sutures
• Non-Absorbable Sutures
Global Ophthalmic Sutures Market, By Application
• Corneal Transplantation Surgery
• Cataract Surgery
• Vitrectomy Surgery
• Iridectomy Surgery
• Oculoplastic Surgery
Global Ophthalmic Sutures Market, By End Use
• Ambulatory Surgical Centers (ASCs)
Global Ophthalmic Sutures Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Ophthalmic Sutures Market
• DemeTECH Corporation
• Asssut Medical
• FCI Opthalmics
• Johnson & Johnson (Ethicon Inc.)
• Alcon Inc.
• Surgical Specialties Corporation
• B. Braun Melsungen AG
• Teleflex Incorporated
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