Global Ophthalmic Sutures Market Size study, by Type, by Absorption Capacity, by Application, by End-use, and Regional Forecasts 2022-2032

Description

The global ophthalmic sutures market was valued at approximately USD 608.86 million in 2023 and is expected to experience a significant expansion, growing at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2032. Ophthalmic sutures, meticulously designed surgical threads, are indispensable in closing incisions or wounds incurred during eye surgeries, such as cataract removal, corneal transplants, and glaucoma treatments. These sutures, crafted from materials like silk, nylon, and advanced biodegradable polymers, are pivotal in ensuring precise wound closure and facilitating optimal healing post-surgery.

The surge in the prevalence of eye disorders is a key driver propelling the global ophthalmic sutures market. With an aging global population, the incidence of eye diseases such as cataracts, glaucoma, and macular degeneration is on the rise, increasing the demand for ophthalmic surgeries. The adoption of innovative surgical techniques, including minimally invasive procedures and the utilization of advanced suture materials, is further enhancing the effectiveness of ophthalmic treatments, thereby driving market growth. Additionally, growing healthcare expenditure, characterized by increased investment in medical infrastructure and advanced technologies, is fueling the demand for high-quality ophthalmic sutures.

The market is also set to benefit from emerging opportunities, such as the development of biodegradable sutures. These sutures, which dissolve naturally in the body, eliminate the need for suture removal, reducing complications and enhancing patient comfort, thus appealing to both patients and healthcare providers. Moreover, the expansion into emerging markets, supported by improving healthcare access and infrastructure, presents significant growth opportunities for ophthalmic suture manufacturers. However, the market faces challenges, particularly related to the high costs of advanced sutures. These expenses can limit the adoption of cutting-edge suture materials, especially in cost-sensitive regions or markets with constrained healthcare budgets, potentially hampering market growth.

North America held the largest share of the market in 2023, primarily due to the high volume of ophthalmic surgeries performed and the presence of advanced healthcare infrastructure in the region. The growing aging population in the U.S. further drives the need for ophthalmic procedures. On the other hand, the Asia-Pacific region is projected to exhibit the fastest growth during the forecast period, driven by increasing healthcare investments, a high prevalence of eye-related disorders, and proactive government initiatives aimed at raising awareness about ophthalmic diseases.

Major market players included in this report are:

Accutome Inc.
Asset Medical Sarl
Alcon Inc.
Aurolab
B Braun Melsungen AG
DemeTech Corporation
FCI Ophthalmic Inc.
Medtronic Plc
Rumex International Co.
Surgical Specialties Corp

The detailed segments and sub-segment of the market are explained below:

By Type:

Natural
Synthetic

By Absorption Capacity:

Absorbable
Non-absorbable

By Application:

Corneal transplantation surgery
Cataract surgery
Vitrectomy surgery
Iridectomy surgery
Oculoplastic surgery
Others

By End-use:

Hospitals
Ambulatory surgical centers
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Ophthalmic Sutures Market Executive Summary

1.1. Global Ophthalmic Sutures Market Size & Forecast (2022- 2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Absorption Capacity
- 1.3.3. By Application
- 1.3.4. By End-use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Ophthalmic Sutures Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Ophthalmic Sutures Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Prevalence of Eye Disorders
- 3.1.2. Technological Advancements in Surgical Procedures
- 3.1.3. Rising Healthcare Expenditure
3.2. Market Challenges
- 3.2.1. High Costs of Advanced Sutures
3.3. Market Opportunities
- 3.3.1. Emergence of Biodegradable Sutures
- 3.3.2. Expansion in Emerging Markets

Chapter 4. Global Ophthalmic Sutures Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Ophthalmic Sutures Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Ophthalmic Sutures Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Natural
- 5.2.2. Synthetic

Chapter 6. Global Ophthalmic Sutures Market Size & Forecasts by Absorption Capacity 2022-2032

6.1. Segment Dashboard
6.2. Global Ophthalmic Sutures Market: Absorption Capacity Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Absorbable
- 6.2.2. Non-absorbable

Chapter 7. Global Ophthalmic Sutures Market Size & Forecasts by Application 2022-2032

7.1. Segment Dashboard
7.2. Global Ophthalmic Sutures Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 7.2.1. Corneal transplantation surgery
- 7.2.2. Cataract surgery
- 7.2.3. Vitrectomy surgery
- 7.2.4. Iridectomy surgery
- 7.2.5. Oculoplastic surgery
- 7.2.6. Others

Chapter 8. Global Ophthalmic Sutures Market Size & Forecasts by End-use 2022-2032

8.1. Segment Dashboard
8.2. Global Ophthalmic Sutures Market: End-use Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 8.2.1. Hospitals
- 8.2.2. Ambulatory surgical centers
- 8.2.3. Others

Chapter 9. Global Ophthalmic Sutures Market Size & Forecasts by Region 2022-2032

9.1. North America Ophthalmic Sutures Market
- 9.1.1. U.S. Ophthalmic Sutures Market
  - 9.1.1.1. Type breakdown size & forecasts, 2022-2032
  - 9.1.1.2. Absorption Capacity breakdown size & forecasts, 2022-2032
  - 9.1.1.3. Application breakdown size & forecasts, 2022-2032
  - 9.1.1.4. End-use breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Ophthalmic Sutures Market
9.2. Europe Ophthalmic Sutures Market
- 9.2.1. U.K. Ophthalmic Sutures Market
- 9.2.2. Germany Ophthalmic Sutures Market
- 9.2.3. France Ophthalmic Sutures Market
- 9.2.4. Spain Ophthalmic Sutures Market
- 9.2.5. Italy Ophthalmic Sutures Market
- 9.2.6. Rest of Europe Ophthalmic Sutures Market
9.3. Asia-Pacific Ophthalmic Sutures Market
- 9.3.1. China Ophthalmic Sutures Market
- 9.3.2. India Ophthalmic Sutures Market
- 9.3.3. Japan Ophthalmic Sutures Market
- 9.3.4. Australia Ophthalmic Sutures Market
- 9.3.5. South Korea Ophthalmic Sutures Market
- 9.3.6. Rest of Asia Pacific Ophthalmic Sutures Market
9.4. Latin America Ophthalmic Sutures Market
- 9.4.1. Brazil Ophthalmic Sutures Market
- 9.4.2. Mexico Ophthalmic Sutures Market
- 9.4.3. Rest of Latin America Ophthalmic Sutures Market
9.5. Middle East & Africa Ophthalmic Sutures Market
- 9.5.1. Saudi Arabia Ophthalmic Sutures Market
- 9.5.2. South Africa Ophthalmic Sutures Market
- 9.5.3. Rest of Middle East & Africa Ophthalmic Sutures Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Accutome Inc.
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. Alcon Inc.
- 10.3.3. B Braun Melsungen AG
- 10.3.4. Medtronic Plc
- 10.3.5. Surgical Specialties Corp
- 10.3.6. Teleflex Incorporated
- 10.3.7. Asset Medical Sarl
- 10.3.8. DemeTech Corporation
- 10.3.9. FCI Ophthalmic Inc.
- 10.3.10. Rumex International Co.

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes