Global Suture wire Market Size, Share, Forecast Report, 2020-2027

Suture wire is a thread which holds the body tissue after surgery or injury. Sutures wires are used in different surgeries like cardiac, renal, dental and many more. They play an important role in the field of medicine. Different types of sutures wires are developed, made up of different materials. Development of absorbable sutures has provided a good platform for the growth and it has found its application in heart and cardiac surgeries. According to WHO more than 900 million surgeries are performed all over the world of which 300 million are only cardiac surgeries. Global suture wire market is driven by increasing number of surgeries and accidents. Besides, the increasing prevalence of a number of chronic diseases, development in the suture wire material and increasing aging population across the globe also contribute to the growth of the market. Increasing diabetic and obese population across the globe also help to increase the market. However, high cost of the product has hampered the growth of the market.
Global suture wire market is expected to grow at a CAGR of 9.8% during the forecasted period
Key players for global suture wire market
Boston Scientific Corporation (US), Demetech Corporation (US), Endoevolution Llc (US), Ethicon Inc. (US), Apollo Endosurgery Inc. (US), B. Braun Melsungen AG (Germany), Smith & Nephew Plc. (UK), Surgical Specialties Corporation (Germany), Sutures India Pvt Ltd (India), Internacional Farmacéutica S.A. (US), Medtronic PLC (UK), Peters Surgical (France), Covidien Plc. (UK), Jiangxi Longteng Co. Ltd. (China), DemeTech (US), Teleflex Incorporated (US), Lotus Surgicals Pvt Ltd. (India)

Segmentation
Global suture wire market is segmented on the basis of type, application and end users. On the basis of type the market is segmented into absorbable suture and non-absorbable suture. Absorbable suture is sub segmented into polyglycolic acid, polylactic acid, polydioxanone and monocryl. Non- absorbable sutures are sub segmented into nylon, polyester, polypropylene, and other. On the basis of application the market is segmented into surgery, veterinary, and other. Surgery is further sub segmented into cardiac, renal, dental and other. On the basis of end users it is segmented into hospitals, clinics and other.