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U.S. Ophthalmic Sutures Market Forecast Report 2026: Revenue and Outlook by Industry Players

Author : Ronak Bora | Published Date : 2020-09-07 

U.S. 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.

Increasing prevalence of ocular and ophthalmic diseases in the U.S. resulting in huge numbers of surgical procedures, is likely to drive ophthalmic sutures market outlook.

In the U.S. more than 25 million Americans are affected by cataracts. Given the rising incidence rate of serious eye conditions, including diabetic retinopathy, cataract, myopia, glaucoma, and hyperopia among others, patients are undergoing various surgical procedures to improve vision sharpness, which is driving the demand for ophthalmic sutures.

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Increasing pace of population aging across the region, who are highly susceptible to eye diseases may also bolster industry growth. Moreover, favorable reimbursement scenario in the country will further supplement industry share over the coming years. U.S. ophthalmic sutures market size is forecast to cross the USD 140 million mark by 2026.

The U.S. is witnessing increasing cases of various eye disorders, such as hyperopia, glaucoma, myopia, diabetic retinopathy, and cataract. It has been recorded that over 25 million people in America are suffering from cataracts. Several people with ophthalmic disorders require surgical procedures for the enhancement of sharpness of vision, which will considerably spur U.S. ophthalmic sutures industry growth in the ensuing years.

Based on the type, U.S. ophthalmic sutures market is branched into synthetic and natural. Among these, synthetic segment accounted for about 75 million in 2019 and is expected to showcase similar growth patterns in the coming years. These sutures are considered to be the advanced ones for use in ophthalmic procedures.

Based on absorption, U.S. ophthalmic sutures industry is bifurcated into absorbable and non-absorbable sutures. Among these, in 2019, absorbable segment was valued at almost 35% in the overall U.S. ophthalmic sutures market share. This suture is metabolized by endogenous proteolytic enzymes and used in various ophthalmic procedures. The use of these sutures depends upon treatment and discretion. Absorbable sutures are generally placed internally and do not need reopening of the wound, which will enhance U.S. ophthalmic sutures industry outlook.

Based on the end-use segment, U.S. ophthalmic sutures business is segmented into ambulatory surgical centers (ASCs), hospitals, and others. Among these, hospital segment accounted for more than $35 million in the total U.S. ophthalmic sutures industry revenue. The segmental growth can be accredited to the rising prevalence of eye disease, including cataract, glaucoma, retinitis, and others in the U.S. The patients of these disorders are highly opting for getting treated in hospital settings owing to the availability of expert healthcare professionals and advanced infrastructure.

Elaborating on the application landscape, the U.S. market is divided into cataract surgery, vitrectomy, oculoplastic surgery, iridectomy, and corneal transplantation surgery. Among these, corneal transplantation surgery will accrue remarkable profits due to increasing elderly population, which is more vulnerable to eye disorders.

Patients with Fuchs’ dystrophy, thinning of cornea, and scarring of cornea are increasingly preferring corneal transplantation. The corneal eye disease is considered to be the 4th most common reason behind blindness, which has been affecting a huge population in the U.S. In accordance, corneal transplantation surgery business is likely to grow at a 5.5% CAGR through 2026. 

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

Partial Chapter of the Table of Content 

Chapter 4.  U.S. Ophthalmic Sutures Market, By Type

4.1. Key segment trends

4.2. Natural

4.2.1.  Market size, by region, 2015-2026 (USD Billion)

4.3. Synthetic

4.3.1. Market size, by region, 2015-2026 (USD Billion)

Chapter 5.  U.S. Ophthalmic Sutures Market, By Absorption

5.1. Key segment trends

5.2. Absorbable

5.2.1.  Market size, by region, 2015-2026 (USD Billion)

5.3. Non-absorbable

5.3.1. Market size, by region, 2015-2026 (USD Billion)

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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