Market Overview:
The global chordal suture system market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries and rising number of surgical procedures. In addition, the growing geriatric population is also contributing to the growth of this market. Based on type, the global chordal suture system market can be segmented into loop chordal suture system and doubled-armed chordal suture system. The loop chordal suture system segment is expected to account for a larger share of the global market than the doubled-armed chordal suture system segment during the forecast period. This can be attributed to its low cost and easy availability compared with other types of chords systems available in the market. Based on application, hospitals are expected to account for a larger share ofthe global Chord Surgical Sutures Market than emergency centres, ambulatory surgery centres,.
Product Definition:
Chordal Suture System is a surgical technique used to stabilize a joint. The importance of Chordal Suture System is that it helps to keep the joint stable and reduces the risk of further injury.
Loop Chordal Suture System:
The loop choral suture system is a minimally invasive surgical technique that involves the use of sutures to treat various disorders of the spine. The basic principle behind this surgery is to create a small opening in the skin and then place one or more spinal implants through this opening. This surgery helps correct problems associated with disc degeneration, herniated discs, and other spinal conditions.
Doubled-armed Chordal Suture System:
The doubled-armed chordal suture system is used for joining two bones or cartilages in the body. It is also known as a transverse ligament stabilizing device.
Application Insights:
Based on application, the global chordal suture system market is segmented into hospitals, emergency centers, ambulatory surgery centers and others. Hospitals held the largest share in 2017 owing to increasing prevalence of chronic diseases and rising geriatric population that require surgical procedures for treatment. As per WHO estimates in 2016, there were 1.7 billion people aged 60 years or above across the globe which represented nearly 17% of the total population. Similarly, as per UNCTAD¢â‚¬â„¢s 2015 data there were approximately 662 million people aged 65 years or older across the world which was 12% of all individuals age 60 years or above globally.
Chordal sutures are also used as an alternative to traditional closure methods such as wires & ties.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high disposable income, and favorable reimbursement policies. The region is expected to maintain its dominance over the forecast period due to increasing awareness about ASC and related procedures, technological advancements in suture materials & instruments used for surgeries as well as growing demand for cosmetic surgery.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to improving healthcare facilities & infrastructure along with rising number of surgeries being performed ambulatory surgery centers. In addition, supportive government initiatives are also expected boost regional growth during the projected time frame. For instance, according to a study published by WHO in 2015 around 1 million surgical operations were performed each year through outpatient settings ( ASCs) compared with 2300 through hospitals only (in India).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The Chordal Suture System is a minimally invasive surgical device that helps in the closure of tissues and organs. This makes it an ideal choice for surgeons, as it results in less tissue damage and faster healing times. As a result, the demand for Chordal Suture Systems is expected to grow at a rapid pace in the coming years.
- Growing popularity of laparoscopic surgery: Laparoscopic surgery is a minimally invasive surgical procedure that uses small incisions instead of one large incision. This type of surgery is becoming increasingly popular due to its many benefits, such as shorter hospital stays, reduced pain and scarring, and quicker recovery times. As more surgeons adopt laparoscopic surgery techniques, the demand for Chordal Suture Systems will continue to grow.
- Rising incidence of abdominal hernias: Abdominal hernias are common conditions that occur when part of the intestine or other abdominal organs protrude through a weak spot in the muscle wall surrounding the abdomen. Hernia repair is one of the most common surgeries performed worldwide, and Chordal Sutures are often used during this procedure due to their superior strength and knotting ability . As more people require hernia repairs,the demand for Chordal Sutures will continue to rise accordingly .
Scope Of The Report
Report Attributes
Report Details
Report Title
Chordal Suture System Market Research Report
By Type
Loop Chordal Suture System, Doubled-armed Chordal Suture System
By Application
Hospitals, Emergency Centre, Ambulatory Surgery Centre, Others
By Companies
CryoLife, Sofmedica, Medtronic, Johnson & Johnson, Smith & Nephew
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Chordal Suture System Market Report Segments:
The global Chordal Suture System market is segmented on the basis of:
Types
Loop Chordal Suture System, Doubled-armed Chordal Suture System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Emergency Centre, Ambulatory Surgery Centre, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CryoLife
- Sofmedica
- Medtronic
- Johnson & Johnson
- Smith & Nephew
Highlights of The Chordal Suture System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Loop Chordal Suture System
- Doubled-armed Chordal Suture System
- By Application:
- Hospitals
- Emergency Centre
- Ambulatory Surgery Centre
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Chordal Suture System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The chordal suture system is a group of muscles and ligaments that attach the skull to the spine. The system helps keep the head stable during movement, and it helps protect the brain from injury.
Some of the major players in the chordal suture system market are CryoLife, Sofmedica, Medtronic, Johnson & Johnson, Smith & Nephew.
The chordal suture system market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Chordal Suture System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Chordal Suture System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Chordal Suture System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Chordal Suture System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Chordal Suture System Market Size & Forecast, 2020-2028
4.5.1 Chordal Suture System Market Size and Y-o-Y Growth
4.5.2 Chordal Suture System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Loop Chordal Suture System
5.2.2 Doubled-armed Chordal Suture System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Emergency Centre
6.2.3 Ambulatory Surgery Centre
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Chordal Suture System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Chordal Suture System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Loop Chordal Suture System
9.6.2 Doubled-armed Chordal Suture System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Emergency Centre
9.10.3 Ambulatory Surgery Centre
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Loop Chordal Suture System
10.6.2 Doubled-armed Chordal Suture System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Emergency Centre
10.10.3 Ambulatory Surgery Centre
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Loop Chordal Suture System
11.6.2 Doubled-armed Chordal Suture System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Emergency Centre
11.10.3 Ambulatory Surgery Centre
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Loop Chordal Suture System
12.6.2 Doubled-armed Chordal Suture System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Emergency Centre
12.10.3 Ambulatory Surgery Centre
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Loop Chordal Suture System
13.6.2 Doubled-armed Chordal Suture System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Emergency Centre
13.10.3 Ambulatory Surgery Centre
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Chordal Suture System Market: Competitive Dashboard
14.2 Global Chordal Suture System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CryoLife
14.3.2 Sofmedica
14.3.3 Medtronic
14.3.4 Johnson & Johnson
14.3.5 Smith & Nephew
