The U.S. ophthalmic sutures market demand from the absorbable segment is estimated to account for more than 35% of the total industry by 2026. Absorption sutures are used in different ophthalmic procedures and vary depending on discretion, as well as treatment, which is often placed internally and does not require reopening the wound.
SELBYVILLE, Del. – February 7, 2020 – (Newswire.com)
Global Market Insights, Inc. has recently added a new report on the ophthalmic sutures market in the United States, which estimates the market valuation for ophthalmic sutures in the region will cross US $140 million by 2026. The rapidly aging population, which is highly susceptible to various eye diseases, will fuel the industry growth.
The rising prevalence of numerous ocular and ophthalmic eye conditions in the U.S. will accelerate the ophthalmic sutures market growth. Surging incidences of different eye conditions, including cataract, diabetic retinopathy, hyperopia, myopia and glaucoma, among others, will positively influence the overall industry expansion.
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Some major findings of the U.S. ophthalmic sutures market report include:
1. Increasing incidence of eye diseases.
2. Rising elderly population.
3. Growing prevalence of diabetes leading to ophthalmic diseases.
4. Technological advancement in ophthalmic sutures.
According to this GMI report, the synthetic type segment was valued at around USD $75 million in 2019 and is further expected to witness lucrative growth during the analysis timeframe. These sutures are known as the most modern sutures used in ophthalmic procedures, which further enhances their demand, thereby favoring segmental growth.
The absorbable segment captured over a 35% revenue share in 2019. The absorbable suture material is metabolized by endogenous proteolytic enzymes. Absorption sutures are used in different ophthalmic procedures and vary depending on discretion, as well as treatment. Absorbable sutures are often placed internally and do not require reopening the wound, thereby, enhancing segment growth.
The corneal transplantation surgery market is estimated to witness around a 5.5% CAGR through 2026, owing to the rising geriatric population base susceptible to different eye diseases. Corneal transplantation surgery is preferred by patients suffering from Fuchs’ dystrophy, scarring of the cornea and thinning of the cornea. Moreover, corneal eye disease is the fourth most common cause of blindness that affects a large population in the U.S.
Browse key industry insights spread across 65 pages, with five market data tables and nine figures and charts from the report, “U.S. Ophthalmic Sutures Market Share & Forecast, 2020 – 2026” in detail, along with the table of contents:
https://www.gminsights.com/industry-analysis/us-ophthalmic-sutures-market
The hospital end-use segment was valued over USD $35 million in 2019. Increasing prevalence of eye disorders, such as glaucoma, cataract, retinitis and others, in the U.S surges the segmental progression. Rising patient preferences towards hospital settings due to the availability of qualified healthcare professionals and well-established healthcare infrastructure will prove beneficial for the overall industry growth.
Some major findings of the U.S. ophthalmic sutures market report include:
- Rising frequency of eye diseases in the U.S. will augment the industry growth.
- Growing prevalence of eye diseases has provided a surge for various surgical procedures that drives the U.S. ophthalmic sutures market growth.
- Favorable reimbursement scenario in the country will further drive the market growth.
- Development of technologically advanced products by various industry players further offers efficient care to patients.
- Numerous industry players such as and Johnson & Johnson are adopting different organic and inorganic growth strategies to capitalize on market opportunities.
Some of the prominent industry players operating in the United States ophthalmic sutures market include B. Braun, Teleflex, Surgical Specialties, Medtronic, DemeTECH, Aurolab, Alcon, FCI Opthalmics, Johnson & Johnson. These business players are implementing several inorganic and organic growth strategies to stay ahead in the market competition.
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Partial chapters of the report’s table of contents (TOC):
Chapter 3. U.S. Ophthalmic Sutures Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2015 – 2026
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.2. Industry pitfalls & challenges
3.3.2.1. Post-operative complications associated with ophthalmic sutures
3.3.2.2. Availability of alternatives
3.3.2.3. Dearth of trained ophthalmologists
3.4. Growth potential analysis
3.4.1. By type
3.4.2. By absorption
3.4.3. By application
3.4.4. By end-use
3.5. Porter’s analysis
3.6. Competitive landscape, 2019
3.6.1. Competitive matrix analysis
3.7. PESTEL analysis
Chapter 4. U.S. Ophthalmic Sutures Market, By Type
4.1. Key segment trends
4.2. Natural
4.2.1. Market size, by region, 2015-2026 (USD Billion)
4.3. Synthetic
4.3.1. Market size, by region, 2015-2026 (USD Billion)
Browse complete report table of contents at https://www.gminsights.com/toc/detail/us-ophthalmic-sutures-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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United States Ophthalmic Sutures Market Worth $140M by 2026: Global Market Insights, Inc.
