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Global Surgical Sutures Market to Reach $5.1 Billion by 2027

DUBLIN, Aug. 25, 2020 /PRNewswire/ -- The "Surgical Sutures - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

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Amid the COVID-19 crisis, the global market for Surgical Sutures estimated at US$3.9 Billion in the year 2020, is projected to reach a revised size of US$5.1 Billion by 2027, growing at aCAGR of 3.8% over the period 2020-2027. Automated Suturing Device, one of the segments analyzed in the report, is projected to record 3.7% CAGR and reach US$1.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Suture Thread segment is readjusted to a revised 3.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 7% CAGR

The Surgical Sutures market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2027 trailing a CAGR of 6.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 2.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2% CAGR.We bring years of research experience to this 8th edition of our report. The 283-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • Apollo Endosurgery, Inc.

  • B. Braun Melsungen AG

  • Boston Scientific Corporation

  • DemeTech Corp.

  • EndoEvolution, LLC

  • Ethicon US LLC

  • Internacional FarmaceutiCA S.A. De C.V.

  • Medtronic PLC

  • Mellon Medical B.V.

  • Peters Surgical

  • Smith & Nephew PLC

  • Surgical Specialties Corporation

  • Sutures India Pvt., Ltd.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares

  • Surgical Sutures Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/18qvo5

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Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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View original content:http://www.prnewswire.com/news-releases/global-surgical-sutures-market-to-reach-5-1-billion-by-2027--301118163.html

SOURCE Research and Markets