Ophthalmic Sutures Market worth $ 581.14 Million, Globally, by 2028 at 6.27 % CAGR: Verified Market Research™

- A rising number of eye diseases such as Cataract, Glaucoma, etc., coupled with the growing deployment of synthetic sutures and the technological advancements in the area of ophthalmic sutures are the primary drivers of growth of the market

JERSEY CITY, N.J., May 24, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Ophthalmic Sutures Market" By Type (Natural and Synthetic), By End User (Hospitals, Ambulatory Surgical Centers and Others), By Absorption Capacity (Absorbable & Non-Absorbable), By Application (Corneal Transplantation Surgery, Cataract Surgery, Vitrectomy Surgery & Others), and By Geography. According to Verified Market Research, the Global Ophthalmic Sutures Market was valued at USD 357.4 Million in 2020 and is projected to reach USD 581.14 Million by 2028, growing at a CAGR of 6.27% from 2021 to 2028.

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Browse in-depth TOC on "Ophthalmic Sutures Market"

202 - Pages
126 – Tables
37 – Figures

Global Ophthalmic Sutures Market Overview

An important driver for growth of the Global Ophthalmic Sutures market is the rise in the incidences of eye diseases. According to a WHO press release as of February 2021, almost 94 million people suffer from Cataract, 7.7 million people suffer from glaucoma, 4.2 million people suffer from corneal opacities, 3.9 people suffer from diabetic retinopathy and 2 million people suffer from trachoma. The growing prevalence of eye diseases is expected to significantly contribute to the growth of the ophthalmic sutures market.

Another important driver for growth is the increase in geriatric population across the globe. Glaucoma is one of the leading causes of blindness amongst the people aged above 60, which needs surgical addressal. Cataract is also a reason of vision loss among the elderly and needs medical attention, thus helping in the growth of the Ophthalmic Sutures market. Technological advancements in ophthalmic sutures is raising its attractiveness, and is also acting as a growth driver for the market. Emergence of new imaging technologies are a valuable assistant to surgeons and it helps to perform surgeries in a better way in turn raising the success rate of these injuries. The rise in success rate of surgeries is likely to increase its attractiveness and adoption by patients. Moreover, government initiatives and rising funding in the healthcare sector is further expected to boost the market. For example, in May 2017 Glaucoma Research Foundation had launched the "Cure is in Sight" campaign to raise USD 15 Million to fund advancements in glaucoma research.

Key Developments in Ophthalmic Sutures Market

• In May 2019, Surgical Specialties Corporation (SSC) announced the launch of Caliber Ophthalmics, a new business division.
• In February 2021, GTCR, a leading private equity firm, announced that its management partnership with Gregory T. Lucier, Corza Health, has simultaneously acquired and merged Surgical Specialties Corporation and the TachoSil® Fibrin Sealant Patch to create a new company, Corza Medical.

The major players in the market are DemeTech Corporation, FCI Ophthalmic Inc., Medtronic Plc, Rumex International Co., Surgical Specialties Corp, Teleflex Incorporated, Accutome, Inc., Assut Medical Sarl, Alcon Inc., Aurolab among others.

Verified Market Research has segmented the Global Ophthalmic Sutures Market On the basis of Type, End Use, Absorption Capacity, Application and Geography.

• Ophthalmic Sutures Market by Type
• Natural
• Synthetic
• Ophthalmic Sutures Market by End User
• Hospitals
• Ambulatory surgical centers
• Others
• Ophthalmic Sutures Market by Absorption Capacity
• Absorbable
• Non-absorbable
• Ophthalmic Sutures Market by Application
• Corneal transplantation surgery
• Cataract surgery
• Vitrectomy surgery
• Iridectomy surgery
• Oculoplastic Surgery
• Others
• Ophthalmic Sutures Market by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

Browse Related Reports:

Surgical Sutures Market by Product Type (Automated Suturing Devices & Sutures), by Material (Monofilament & Multifilament), by Application (Ophthalmic, Cardiovascular, Orthopedic, Gynecological, Orthopedic & General Surgeries), by End-User (Hospitals, Ambulatory Surgical Centres & Clinics and Physician Offices), by Geography, Forecast, 2020-2027

Synthetic Absorbable Sutures Market by End Users (Hospitals, Specialty Clinics, Ambulatory Surgical Centres, and Others), by Type (Valve Sutures, Cardiovascular Sutures, Orthopedic Sutures, Cosmetic Surgery Sutures, General Sutures), by Geography, Forecast, 2020-2027

Asia-Pacific Medical Device Market by End-User (Hospitals, Clinics, Ambulatory Surgical Centres, and Others), by Type (Orthopedic Devices, Cardiovascular Devices, Laparoscopy Devices, Surgical Sutures, Spinal Implants & Devices, and others), by Geography, Forecast, 2020-2027

Surgical Instruments Market by Product (Surgical Sutures and Staples, Handheld Surgical equipment, Electrosurgical Devices), by Application (Cardiology, Ophthalmology, Urology and Gynecology Surgery, Wound Care and Others), by Geography, Forecast, 2020-2027

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