The global surgical sutures market size is expected to reach USD 6.84 Billion at a steady revenue CAGR of 6.0% in 2032, according to the latest analysis by Emergen Research. A favorable reimbursement scenario can be attributed to the steady revenue growth of the surgical sutures market. The reimbursement for the removal of the sutures is bundled with or included in the payment from the initial surgery when a surgeon sutures the skin during a procedure. Sutures are frequently used in the wound closure process that is carried out right after surgery. However, suture removal can occasionally be paid for separately. One such instance would be when a doctor treating patients in the emergency room applies sutures to close an open wound. To have the sutures removed, the patient is typically told to make an appointment with either his or her primary care physician or pediatrician. A 99211 (office or another outpatient visit for the evaluation and management of an established patient, that cannot require the presence of a physician or other qualified health care professional) can be reported when an established patient sees a doctor who did not place sutures with the express intent of having them removed.
Some of the key factors driving the growth of the global Surgical Sutures market include expanding R&D efforts to develop novel Surgical Sutures products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market’s dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.
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Effect of COVID-19 on the global market for Surgical Sutures
The COVID-19 pandemic had a significant negative influence on the market for Surgical Sutures in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Surgical Sutures were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Surgical Sutures in 2020. Additionally, demand for Surgical Sutures decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Surgical Sutures market : Competitive Landscape
The prominent players operating in the Surgical Sutures market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Surgical Sutures market .
Some of the prominent players operating in the market are:
Medical Device Business Services, Inc., Medtronic, B. Braun SE, Advanced Medical Solutions Group plc, Internacional Farmaceutica S.A. DE C.V., Peters Surgical, Surgical Specialties Corporation, Boston Scientific Corporation, DemeTECH Corporation, Healthium Medtech Limited
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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
Key questions answered in the report:
What will be the development pace of Surgical Sutures market ?
What are the key factors driving the Global Surgical Sutures market ?
Who are the key manufacturers in the market space?
What are the openings, hazards, and outline of the market?
What is sales, revenue, and price analysis of top manufacturers of Surgical Sutures market ?
Who are the distributors, traders, and dealers of Surgical Sutures market ?
What are the Surgical Sutures market opportunities and threats faced by the vendors in the Global Surgical Sutures industries?
What are deals, incomes, and value examinations by types and utilizations of the market?
What are deals, income, and value examinations by areas of enterprises?
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Segments Covered in this report are:
Product Outlook (Revenue, USD Million; 2019–2032)
- Suture Threads
- Automated Suturing Devices
- Disposable Automated Suturing Devices
- Reusable Automated Suturing Devices
Type Outlook (Revenue, USD Million; 2019–2032)
- Multifilament Sutures
- Monofilament Sutures
Application Outlook (Revenue, USD Million; 2019–2032)
- Cardiovascular Surgery
- General Surgery
- Gynecological Surgery
- Orthopedic Surgery
- Ophthalmic Surgery
- Cosmetic & Plastic Surgery
- Other Applications
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Regional Bifurcation of the Surgical Sutures market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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