This research analyses niche markets, potential threats, and competitive strategy in various segments based on the Absorbable Surgical Sutures Market competitive landscape and development model in various parts of the world. This research throws light on the business strategies of the key players that might help in the growth of other companies during the pandemic era.
Impact of COVID-19 on Absorbable Surgical Sutures Market
As the world grapples with one of its greatest health pandemic, the economic and social disruption has affected millions of enterprises. The revenues have gone down in the year 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition. Stratview Research throws light on in-depth insights related to rapid alterations in the key players in each industry, growth and decline due to COVID-19, etc. The researchers at Stratview Research are regularly connecting with the clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.
Key Players involve in this research are:
Ethicon Inc, Endo Evolution LLC,
Boston Scientific Corporation,
Johnson & Johnson Pvt Ltd,
WL Gore & Associates and 3M from USA.
Peters Surgical (France),
Smith & Nephew (UK),
B Braun Melsungen AG (Germany),
Serag-Wiessner GmbH (Germany),
Medtronic PLC (Ireland)
Sutures India Pvt Ltd. (India).
Growth drivers and Market Value:
This report, from Stratview Research Absorbable Surgical Sutures Market value and growth drivers over the trend period of 2021-26. According to the report -
Surgical sutures with a market value of US$3-3.5 Billion are broadly classified as natural and synthetic based on their origin.
Absorbable sutures keep their tensile strength as long as it is required over the healing process. Parallel to the increasing strength of the tissue, they are degraded by the tissue metabolism (proteolytic enzymatic degradation) until they are completely dissolved. They are ideal for internal wounds such as those made after childbirth. The added advantage of absorbable sutures is that they lose their entire or most of the tensile strength within 3 months. However, some new sutures are available in the market which can retain their tensile strength beyond 3 months. The suture strength is usually segmented as Plain catgut, Dexon and Vicryl. Catgut material of absorbable sutures are derived from sheep intestinal submucosa.
The United States Pharmacopeia defines the range of sutures from # 1-6 where #1 is the smallest. With the advancement of technology #0 was also added and later even thinner sizes were manufactured (#00 to #000000) which have found heavy usage in orthopedic segment. Suture industry and needle manufacturing industry work hand in hand. Atraumatic needles are produced in different shapes according to the sizes needed.
Competitive Analysis: Understanding your rivalry is critical to your success. This section includes an analysis of your key competitors, their products/services, their differentiators, and market shares, etc.
Target Market and Audience: Identifying and prioritizing specific target markets is another key part of any industry, where research is crucial. Stratview Research’s report will help you find more about the demographics and buying behaviours of your potential customers.
Key Considerations for Market Forecast:
- Impact of lockdown, supply chain disruptions.
- Pre and post-COVID-19 market estimates
- Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
Impact of COVID-19 on the Global Market
The Absorbable Surgical Sutures report compiled by Stratview Research offers in-depth study of market opportunities and market impact that are stirred due to the COVID-19 pandemic. The detailed research report focuses upon the direct and indirect impact of COVID-19 with new product launches, M&As, supply chain overview, government regulations, strategies adopted by related market, etc.
Sneak peek into the Report:
The report provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
Market structure: Overview, industry life cycle analysis, supply chain analysis
Market forecast analysis
Competitive landscape and dynamics: Market share, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends & Key success factors
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