Market Overview:
The global ophthalmic surgery suture thread 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 prevalence of eye diseases, rising demand for minimally invasive surgeries, and technological advancements in surgical procedures. Based on type, the global ophthalmic surgery suture thread market can be segmented into mid-term absorbable, short-term absorbable, and non-absorbable threads. The mid-term absorbable threads segment is expected to account for the largest share of the global ophthalmic surgery suture thread market in 2018. This segment is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030 due to its high biocompatibility and easy handling properties. Based on application, the global ophthalmic surgery suture thread market can be divided into hospital settings, clinic settings, care center settings, and other settings (including research institutes and academic institutions).
Product Definition:
Ophthalmic surgery suture thread is a type of surgical thread that is used specifically for eye surgeries. It is made of a strong, yet flexible material that can withstand the stress of being pulled tight around delicate tissues. Ophthalmic surgery suture thread helps to hold the tissue together during and after surgery, preventing it from becoming loose or coming apart.
Mid-Term Absorbable:
Mid-term absorbable sutures are used in ophthalmic surgery to provide temporary support for the cornea during or after refractive surgeries. These sutures have a low risk of post-operative infection and can be easily removed after a few days. The growing geriatric population, increasing prevalence of chronic diseases such as diabetes and high myopia rates are expected to boost market growth over the forecast period.
Short-Term Absorbable:
Short-term absorbable (STA) sutures are used in ophthalmic surgery to close surgical wounds. These sutures have a low risk of infection, they do not need removal and can be easily removed by the body’s natural processes. The primary function of these STA sutures is to hold the tissues together while it heals.
These types of wound closure devices reduce post-operative pain.
Application Insights:
Based on application, the global ophthalmic surgery suture thread market is segmented into hospital, clinic or care center, and others. The hospital segment dominated the overall market in terms of revenue in 2017. This can be attributed to factors such as increasing number of surgeries and rising prevalence of diseases requiring ophthalmic procedures. For instance, according to a study published by WHO in 2018, cataract extraction is one of the most common surgical procedures performed around the world every year with regard to demographics such as age group (0-19 years), sex (male:female ratio) and country where it was done last (India). Therefore; increasing number of patients suffering from various eye diseases across the globe is expected to boost demand for these products over next few years.
The other applications include dental clinics & hospitals.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to factors such as favorable reimbursement policies, increasing ophthalmic disease burden, and rising awareness about early diagnosis. Moreover, the presence of major players in this region is expected to drive growth during the forecast period. For instance, Bausch & Lomb Incorporated is a U.S.-based company that manufactures sutures for use in surgeries including cataract surgery and glaucoma surgery; it also markets products such as Surgi-Strips wound dressing used for application before suturing post-operative wounds and other eye disorders (Bausch & Lomb Inc., 2017).
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to an increase in ophthalmic surgical procedures coupled with growing medical tourism especially due to affordable treatment options available in countries like India and China (Kumar et al., 2016).
Growth Factors:
- Increasing prevalence of eye disorders and blindness: The increasing prevalence of various eye disorders, such as cataract, glaucoma, age-related macular degeneration (AMD), and diabetic retinopathy is expected to drive the demand for ophthalmic surgery suture thread market over the forecast period. According to World Health Organization (WHO), around 285 million people are visually impaired worldwide, out of which 39 million are blind. This number is estimated to increase to 535 million by 2050.
- Rising geriatric population: The global geriatric population is growing at a rapid pace and this is expected to drive the demand for ophthalmic surgery suture thread market over the forecast period. According to United Nations Department of Economic and Social Affairs (UNDESA), the global geriatric population was 841 million in 2017 and it is projected to reach 2 billion by 2050. This growth can be attributed to rising life expectancy rates across the globe coupled with declining fertility rates.
- Technological advancements in surgical procedures: Ophthalmic surgeries are becoming increasingly complex with technological advancements such as femtosecond laser-assisted cataract surgery that require use of specialized ophthalmic surgical instruments including suture threads Consequently, this is anticipated propel growth of ophthalmic surgery suture thread market during forecast period 2019 – 2024 . For instance, in October 2018 , Abbott Medical Optics Inc., a subsidiary companyof Abbott Laboratories announced launch its new product “
Scope Of The Report
Report Attributes
Report Details
Report Title
Ophthalmic Surgery Suture Thread Market Research Report
By Type
Mid-Term Absorbable, Short-Term Absorbable, Non-Absorbable
By Application
Hospital, Clinic, Care Center, Others
By Companies
B. Braun, Vitrex Medical, Ethicon, TROGE MEDICAL, DemeTECH, Katsan Tıbbi Cihazları, Yavo
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
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Ophthalmic Surgery Suture Thread Market Report Segments:
The global Ophthalmic Surgery Suture Thread market is segmented on the basis of:
Types
Mid-Term Absorbable, Short-Term Absorbable, Non-Absorbable
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
Hospital, Clinic, Care Center, 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:
- B. Braun
- Vitrex Medical
- Ethicon
- TROGE MEDICAL
- DemeTECH
- Katsan Tıbbi Cihazları
- Yavo
Highlights of The Ophthalmic Surgery Suture Thread 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:
- Mid-Term Absorbable
- Short-Term Absorbable
- Non-Absorbable
- By Application:
- Hospital
- Clinic
- Care Center
- 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 Ophthalmic Surgery Suture Thread 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?
Ophthalmic surgery suture thread is a type of medical thread used in ophthalmology to close surgical wounds. It is made from a strong, lightweight material that can be easily inserted through small openings and sealed with heat or adhesive.
Some of the major companies in the ophthalmic surgery suture thread market are B. Braun, Vitrex Medical, Ethicon, TROGE MEDICAL, DemeTECH, Katsan Tıbbi Cihazları, Yavo.
The ophthalmic surgery suture thread 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 Ophthalmic Surgery Suture Thread 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 Ophthalmic Surgery Suture Thread Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ophthalmic Surgery Suture Thread 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 Ophthalmic Surgery Suture Thread 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 Ophthalmic Surgery Suture Thread Market Size & Forecast, 2020-2028
4.5.1 Ophthalmic Surgery Suture Thread Market Size and Y-o-Y Growth
4.5.2 Ophthalmic Surgery Suture Thread 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 Mid-Term Absorbable
5.2.2 Short-Term Absorbable
5.2.3 Non-Absorbable
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 Hospital
6.2.2 Clinic
6.2.3 Care Center
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ophthalmic Surgery Suture Thread 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 Ophthalmic Surgery Suture Thread 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 Mid-Term Absorbable
9.6.2 Short-Term Absorbable
9.6.3 Non-Absorbable
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 Hospital
9.10.2 Clinic
9.10.3 Care Center
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 Mid-Term Absorbable
10.6.2 Short-Term Absorbable
10.6.3 Non-Absorbable
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 Hospital
10.10.2 Clinic
10.10.3 Care Center
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 Mid-Term Absorbable
11.6.2 Short-Term Absorbable
11.6.3 Non-Absorbable
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 Hospital
11.10.2 Clinic
11.10.3 Care Center
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 Mid-Term Absorbable
12.6.2 Short-Term Absorbable
12.6.3 Non-Absorbable
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 Hospital
12.10.2 Clinic
12.10.3 Care Center
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 Mid-Term Absorbable
13.6.2 Short-Term Absorbable
13.6.3 Non-Absorbable
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 Hospital
13.10.2 Clinic
13.10.3 Care Center
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 Ophthalmic Surgery Suture Thread Market: Competitive Dashboard
14.2 Global Ophthalmic Surgery Suture Thread Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 B. Braun
14.3.2 Vitrex Medical
14.3.3 Ethicon
14.3.4 TROGE MEDICAL
14.3.5 DemeTECH
14.3.6 Katsan Tıbbi Cihazları
14.3.7 Yavo
