The Middle East and Africa Surgical Sutures Market Estimated to Grow at a 5% CAGR over the Forecast Period
Market
Overview:
Sutures, commonly known as stitches, are surgical threads
that are used to close cuts of a wound so that healing occurs swiftly and avoids
infection of an open wound. According to Market Research Future (MRFR), the
market for the Middle East And Africa Surgical
Sutures Market is likely to reach around USD 576.3 million, by the
end of the forecast period by 2022, growing at a moderate CAGR of 5%.
The driving factors of the market are
the increasing frequency of accidents, increasing expenditure on healthcare,
which consequently leads to a rise in demand of sutures, the growing popularity
of cosmetic surgeries and development of advanced sutures such as film-coated
sutures. The hindering factors that are expected to affect the market over the
forecast period are the increasing inclination towards minimally invasive
surgical procedures and the presence of alternative wound care products.
Technological advancement is the growing focus of the key
market players to introduce innovative, environmentally friendly products to
raise the demand. Another vital development that has amplified the demand for
surgical sutures has been the introduction of anti-microbial film coated
sutures which provide additional protection against infection. The latest
technological advancement has been the introduction of the automated suturing
device.
Key
Players
·
B. Braun Melsungen AG
·
Ethicon Inc
·
Synthecon
·
Dolphin Sutures
·
DemeTECH Corporation
·
Sutures India Pvt. Ltd
·
Medtronic plc
·
Internacional Farmaceutica
·
Segmental
Analysis
The Middle East and Africa surgical sutures market, have been segmented on the basis of product type, raw material, construction, and region.
The Middle East and Africa surgical sutures market, have been segmented on the basis of product type, raw material, construction, and region.
·
Based on product type, the market has been segmented into absorbable and non-absorbable sutures. Absorbable
sutures are biodegradable and get absorbed by the body after a certain period
of time. Due to its superior property, the absorbable surgical segments
assessed to account for the largest market share over the forecast period.
·
On the basis of raw material; the market is
segmented into natural and synthetic. The improvement of absorbable sutures
based on synthetic materials such as polyglycolic acid, polylactic acid,
polydioxanone, and polyester, among others, has been driving the growth of the synthetic
segment and is estimated to witness the highest growth over the forecast period.
On the basis of construction; the market is segmented into monofilament and multi-filament.
On the basis of construction; the market is segmented into monofilament and multi-filament.
·
Based on the region, the market has been
segmented into UAE, Egypt, Saudi Arabia, Kuwait, Qatar, and Oman.
Regional
Analysis
UAE is the main market for surgical sutures in the Middle East and Africa surgical sutures market, followed by Egypt. Saudi Arabia has been estimated to witness comparatively higher growth in the surgical suture market owing to the growing medical facilities and higher per capita income. The rest of Africa market is, however, the fastest growing with a huge unmet medical needs which has risen the demand.
UAE is the main market for surgical sutures in the Middle East and Africa surgical sutures market, followed by Egypt. Saudi Arabia has been estimated to witness comparatively higher growth in the surgical suture market owing to the growing medical facilities and higher per capita income. The rest of Africa market is, however, the fastest growing with a huge unmet medical needs which has risen the demand.
The governments in these regions are focusing on
providing efficient and advanced medical treatment at a cheaper cost in order
to meet the basic medical needs of the consumers.
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