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U.S. Ophthalmic Sutures Market analysis is covered in this latest research report that aims to help those taking daily business decisions by providing market trends information, competitive landscape scenario, forecasts and more.
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Major Key Players of U.S. Ophthalmic Sutures Market & Industry share 2020–2026 • Increasing prevalence of ocular and ophthalmic diseases in the U.S. resulting in huge numbers of surgical procedures, is likely to drive ophthalmic sutures market outlook. Increasing pace of population aging across the region, who are highly susceptible to eye diseases may also bolster industry growth. Moreover, favorable reimbursement scenario in the country will further supplement industry share over the coming years. U.S. ophthalmic sutures market size is forecast to cross the USD 140 million mark by 2026. • In terms of product type, the market is segmented into natural and synthetic. In 2019, the synthetic sutures segment accounted for over USD 75 million and is forecast to further showcase exceptional growth rate over the analysis period. These sutures are experiencing high demand as they are the most modern sutures used in ophthalmic procedures, hence stimulating segmental growth. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
By end-use, the market is divided into hospitals, ambulatory surgical centers (ASCs), and others. The hospital segment was valued at over USD 35 million in 2019. Such robust growth rate can be attributed to the growing prevalence of serious eye conditions, such as cataract, retinitis, glaucoma, and others in the U.S. Increasing patient inclination towards treatment in hospital settings due to the availability of qualified healthcare professionals may boost segmental growth • In terms of absorption, the market is bifurcated into absorbable and non-absorbable sutures. In 2019, the absorbable segment held over 35% of total revenue share. Absorbable suture is used in different ophthalmic procedures and varies depending on discretion, as well as treatment. They are generally metabolized by endogenous proteolytic enzymes. Absorbable sutures are often placed internally and do not require re-opening of the wound due to which they are gaining massive popularity. • Speaking of the application landscape, U.S. ophthalmic sutures market is segmented into vitrectomy, corneal transplantation surgery, oculoplastic surgery, cataract surgery, and iridectomy. The corneal transplantation surgery segment is expected to grow at a CAGR of 5.5% over 2020-2026 owing to expanding geriatric population base susceptible to chronic eye diseases. Corneal eye disease is the 4th most common cause of blindness that affects a large population base in the U.S. Also, corneal transplantation surgery is among the most preferred treatment choice of patients suffering from scarring of cornea, thinning of cornea and Fuchs’ dystrophy. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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Regional Analysis • In the U.S. more than 25 million Americans are affected by cataracts. Given the rising incidence rate of serious eye conditions, including diabetic retinopathy, cataract, myopia, glaucoma, and hyperopia among others, patients are undergoing various surgical procedures to improve vision sharpness, which is driving the demand for ophthalmic sutures. • Competitive Analysis • Key players players operating in U.S. ophthalmic sutures industry include DemeTECH, B. Braun, Aurolab, FCI Ophthalmics, Johnson & Johnson and Alcon. These prominent players are employing several organic and inorganic growth strategies to create a strong position amidst tough market competition. Make An Inquiry To Purchase This Report @ https://www.gminsights.com/inquiry-before-buying/4517 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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