Middle East And Africa Surgical Sutures Market is Increasing at a Healthy CAGR During Forecast to 2022
Middle
East and Africa Surgical sutures Market – Overview
The Middle
East And Africa Surgical Sutures Market are rising with a moderate rate; mainly owing to increase in patient
population. According to update report of World Health Organization, In South
Africa an estimated USD 26 million is spent annually for the care of burns from
a kerosene cook stove incidents. Also report suggest that females are slightly
higher burns in comparison to male. Increasing consumer awareness about the
benefits associated with surgical sutures, increasing the demands Middle East
and Africa.
Companies
are continually inventing new products to capture the market of the Middle East
and Africa. Thus, major players invest more in research and development
activity, in order to lead the Middle East and Africa market. In this regards,
Ethicon Inc., in 2017, launched PROXISURE suturing device designed to improve
precision in minimally-invasive surgery. This invention help company to
establishing a new standard of excellence in laparoscopic suturing and also to
treat patients in wound closure. Companies are investing more into research and
development in order to develop quality and advance products, which help them
to lead the Middle East and Africa market.
Again in
January 2017, Ethicon Inc., announced that it acquired Megadyne Medical
Products, Inc. that develops, manufactures and markets electrosurgical tools
used in operating rooms worldwide. This acquisition help company to increase
the product portfolio around the world. Increasing in demand for treatment fuel
the growth of surgery sutures in this region.
Market
Synopsis:
Surgical
suture is also known as stitches surgical threads that are used to hold body
tissues together after an injury or surgery. It is normally classified into two
types absorbable and non-absorbable, absorbable suture are those which break
down harmlessly in the body over time without intervention, whereas
non-absorbable are those which removed manually if they are not left
indefinitely. It also avoids infection of an open wound. Rising incidences of
accidents, growing expenditure on health and development of advanced sutures
such as film coated sutures in this region leads the market of surgical suture.
Now a days there are the huge demands for surgical suture owing to increase in
prevalence of accidents. Also increase kerosene cook stove incidents, non-fatal
burn injuries, workplace and home injuries are fuelling the requirements of
suture in this region. According to the report published by the World Health
Organization (WHO), globally around 180,000 people died with burning annually,
and the majority of these occur in low- and middle-income countries and almost
two thirds occur in the WHO African and South-East Asia regions. This huge
presence of patient population increases the demand for surgical suture for
effective treatment.
Competitive Landscape:
Ethicon Inc. (U.S.), B. Braun
Melsungen AG (Germany), Dolphin Sutures, Synthecon (Germany), DemeTECH
Corporation (U.S.), Medtronic plc (U.S.), Internacional Farmacéutica S.A. de
C.V. (Mexico), Sutures India Pvt. Ltd (India)
Middle
East and Africa Surgical sutures Market - Regional Analysis:
According
to the World Health Organization (WHO), around 4.25% of children with burns
have a temporary disability and 4.5% have a permanent disability. Burns is one
of the leading causes of disability in low- and middle-income countries and
most of the countries from this region falls under the low-income group. UAE is
the largest market for surgical sutures in the entire Middle East and Africa
surgical sutures market closely followed by Egypt. The rest of Africa’s market,
especially Sub Saharan regions is, however the fastest growing market with a
huge unmet medical need. World organization is more focused in order to provide
funds to the countries of this region in order to improve the quality of life.
Moreover,
the government of these countries are looking support from developed and
developing nation in order to get effective and advanced treatment at lower
cost. Companies are also looking forward to this market owing to the huge gap
between demand and supply of the patients. Thus the Middle East and Africa
offer immense potential and opportunities for the surgical sutures market.
Apart from the unmet needs for treatment, second most important market driving
factor are the policies of national governments and international bodies such
as World health organization (WHO). For example, development and use of a
global burn registry for globally harmonized data collection on burns and
increased collaboration between global and national networks to increase the
number of effective programs for burn prevention.
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