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Ophthalmic Sutures Market 2020 growth factors, latest trend and regional analysis of leading players by 2025

Author : Ronak Bora | Published Date : 2020-09-15 

Ophthalmic Sutures Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Ophthalmic sutures market is estimated to show a tremendous growth on account of rising prevalence of ocular diseases such as glaucoma, hyperopia, cataract, myopia, diabetic retinopathy and macular degeneration. Based on the estimates of WHO, about 51% of blindness across the world results from cataract. Consequently, physicians have been highly recommending surgical procedures for treating ophthalmic diseases which will stimulate the demand for surgical sutures thereby impelling the industry growth.

According to GMI report, ophthalmic sutures market size is poised to surpass USD 443.5 million by 2025.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/3358

Synthetic sutures segment is anticipated to register a CAGR of 5% over the forecast time period owing to enormous benefits of the product. Synthetic sutures are available in variety of materials such as polypropylene, nylon, dacron, etc. These materials provide strong and durable support for gradual healing of ocular tissues. Further, synthetic sutures offer improved handling properties, minimum tissue reaction, easy infusion through tissues along with superior strength.

Corneal transplantation surgery segment across the ophthalmic sutures market, is expected to register a growth rate of more than 6% over the analysis timeline on account of an upsurge in corneal donations. According to Eye Bank Association of America (EBAA), in 2016, U.S alone had accounted for the utilization of over 82,994 corneal grafts. Increasing corneal donations coupled with rising demand for corneal transplantations are likely to foster the segmental growth.

Speaking of corneal donations, several prominent associations are taking consistent efforts to spread awareness across the world regarding eye donations and corneal transplants. For instance, in 2018, EBAA had observed Eye Donation Month aimed at promoting corneal donation and transplantation awareness and encouraging people to register for eye, tissue and organ donation. Adding to this,, in 2017, the member eye banks of EBAA had facilitated 84,297 sight-restoring corneal transplants across different parts of the globe.

Attributing to several enhanced facilities, ambulatory surgical centers are observing a higher preference among the patients. These facilities include more sophisticated treatment, surgeries with minimum invasion and lower cost of treatment. Further, ASCs offer better assistance, advanced equipment and infection control in ophthalmic surgeries that mitigates the post operation complications.

On account of such enormous benefits extended by these healthcare settings, the segment is projected to mark an appreciable growth in the coming years. Reportedly, in 2018, ambulatory surgical centers segment had recorded a revenue share of 65% and is poised to grow further at a prodigious pace in the upcoming years.

Substantial rise in elderly population, unhealthy lifestyle and lack of physical fitness has increased the prevalence of ophthalmic diseases along with the associated risks such as diabetes. Increasing patient count in the region will invoke the need for ophthalmic surgical procedures thereby driving the ophthalmic sutures market growth across the countries in APAC. On account of the growing demand, the regional market is estimated to depict a CAGR of 6%  through 2025.

Major industry players are focused on adoption of strategies pertaining to acquisitions, mergers and new product launches in order to score  a competitive edge in the market. Citing an instance, Teleflex launched a product BONDEK PLUS BRAIDED featuring smoothness and lubricity. In 2018, the product got FDA approval for ophthalmic procedures. The company provides customization in the product to serve the needs of their patients in a better way.

Some of the eminent names in the industry are B.Braun, Smith & Nephew , Ethicon(J&J), Teleflex, SUTUMED, Conmed Corporation, DemeTEch Corporation, Medtronic, Gore Medical, Surgical Specialties Corporation 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/ophthalmic-sutures-market

Partial Chapter of the Table of Content 

Chapter 4.Ophthalmic SuturesMarket, By Type

4.1. Key segment trends

4.2. Natural

4.2.1.Market size, by region, 2014-2025 (USD Million)

4.3. Synthetic

4.3.1.Market size, by region, 2014-2025 (USD Million)

Chapter 5.Ophthalmic SuturesMarket, By Absorption

5.1. Key segment trends

5.2. Absorbable

5.2.1.Market size, by region, 2014-2025 (USD Million)

5.3. Non-absorbable

5.3.1.Market size, by region, 2014-2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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