What is Global Ophthalmic Sutures Market?
The Global Ophthalmic Sutures Market is a specialized segment of the healthcare industry that focuses on the production and distribution of ophthalmic sutures. These are specialized threads used in eye surgeries to close wounds or connect tissues. The market is a crucial part of the broader medical device industry, playing a vital role in various eye-related surgical procedures. The global market is driven by factors such as the increasing prevalence of eye disorders, advancements in surgical techniques, and the growing geriatric population. The market encompasses a wide range of products, from absorbable to non-absorbable sutures, each designed to meet specific surgical needs.
Natural, Synthetic in the Global Ophthalmic Sutures Market:
The Global Ophthalmic Sutures Market is divided into two main categories based on the type of material used: natural and synthetic. Natural sutures are made from organic materials like silk or catgut, while synthetic sutures are made from man-made materials like nylon or polyester. Each type has its own set of advantages and disadvantages. For instance, natural sutures are generally more flexible and cause less tissue reaction, but they are also more prone to degradation over time. On the other hand, synthetic sutures are more durable and resistant to infection, but they can cause more tissue irritation. The choice between natural and synthetic sutures often depends on the specific requirements of the surgery and the surgeon's preference.
Corneal Transplantation Surgery, Cataract Surgery, Vitrectomy, Iridectomy, Others in the Global Ophthalmic Sutures Market:
The Global Ophthalmic Sutures Market finds its application in various areas of eye surgery. These include Corneal Transplantation Surgery, where the damaged or diseased cornea is replaced with a healthy donor cornea; Cataract Surgery, which involves the removal of the cloudy lens from the eye and its replacement with an artificial one; Vitrectomy, a procedure to remove some or all of the vitreous humor from the eye; Iridectomy, a surgical procedure to remove a portion of the iris; and others. The choice of suture in these surgeries depends on factors such as the type of surgery, the patient's overall health, and the surgeon's expertise.
Global Ophthalmic Sutures Market Outlook:
In 2023, the Global Ophthalmic Sutures Market was valued at US$ 268.6 million. It is projected to grow to US$ 343.2 million by 2030, with a Compound Annual Growth Rate (CAGR) of 3.1% during the forecast period from 2024 to 2030. This growth is part of a larger trend in the medical devices market, which was estimated to be worth US$ 603 billion in 2023 and is expected to grow at a CAGR of 5% over the next six years.
| Report Metric | Details |
| Report Name | Ophthalmic Sutures Market |
| Accounted market size in 2023 | US$ 268.6 million |
| Forecasted market size in 2030 | US$ 343.2 million |
| CAGR | 3.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Accutome, Alcon Inc., Assut Medical, Aurolab, B. Braun Melsungen AG, DemeTECH Corporation, FCI Opthalmics, Medtronic, Rumex International, Surgical Specialties Corporation, Teleflex Incorporated, Unilene |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
