News By Tag
News By Place
GlobalData: US Surgical Sutures Market on reports-research.com
GlobalData’s US Surgical Sutures Market: Surgical Procedures Growth to Drive Demand report is an essential source of data and analysis on the US surgical sutures market with complete coverage by categories.
The Future of the Surgical Sutures Market Looks Promising in the US
The US surgical sutures market valued at $918m in 2008 is forecast to grow by 4.4% annually for the next seven years to reach $1.2 billion by 2015. The surgical sutures market is primarily driven by increasing demand due to proven clinical outcomes and availability of a wide range of suture materials for specific procedure use.
Increasing institutional purchase in the US and growing surgical procedures in cardiovascular, orthopedic, endoscopy and laparoscopic surgeries are expected to drive the market for the next seven years. Overall, the US surgical sutures market has witnessed steady growth rates. The introduction of new technologies and increased awareness about the capabilities of various surgical sutures is expected to create more room for growth in this market.
The US Surgical Sutures Market to be Driven by Increasing Number of Surgeries
In the US, the number of surgical and traumatic wounds was about 50 million in 2008. This number is forecast to increase as the number of surgeries increase. About 80% of surgical and traumatic wounds use some form of closure products such as sutures. Cardiovascular procedures such as open heart bypass surgery, heart revascularization procedures, valve replacements and orthopedic procedures, such as joint replacements and spinal fusion surgeries are expected to drive the surgical sutures market as they involve high amount of blood loss.
Ethicon Continues to Dominate the US Surgical Sutures Market
Ethicon, a Johnson & Johnson company dominated the US surgical sutures market with a share of 80% in 2008. Market domination of Ethicon can be attributed to Johnson & Johnson’s clout over the Group Purchasing Organizations (GPO). GPOs are the major distributors for sutures and have a strong influence on hospital procurement of surgical equipment. Johnson & Johnson exerts a lot of influence on GPOs because of its size and the wide product range it offers in the surgical equipment market. It has contracts with GPOs that control more than 70% of the US hospital market. This explains Ethicon’s 80% share of the US sutures market.
GlobalData: US Surgical Sutures Market - Surgical Procedures Growth to Drive Demand:
GlobalData: More market data and market reports:
# # #
markt-studie.de, founded in 2002 has emerged as a leading online portal for market surveys and market research in German speaking areas. Four years later the English language portal reports-research.com was introduced due to the extraordinary success of the portal. Again one year later estudio-mercado.es - the Spanish spoken portal - was founded. The objective of the three portals is to competently and efficiently support consultants and decision makers in management, sales and marketing in the search for worldwide market research. Prospective buyers can look into more than 60,000 market surveys from more than 200 international publishers, current market data for more than 6,000 branches worldwide, 10,000 company profiles as well as a free-of-charge research and recommendation service for individual market research.