U.S. Ophthalmic Sutures Market - By Type (Natural, Synthetic), By Material (Nylon, Polyproplene, Silk, PGA), By Coating (Coated, Uncoated), By Material Structure (Monofilament, Multifilament) By Absorption, By Application, By End-use & Forecast, 2023-2032
Published on: 2024-08-02 | No of Pages : 240 | Industry : Healthcare
Publisher : MIR | Format : PDF&Excel
U.S. Ophthalmic Sutures Market - By Type (Natural, Synthetic), By Material (Nylon, Polyproplene, Silk, PGA), By Coating (Coated, Uncoated), By Material Structure (Monofilament, Multifilament) By Absorption, By Application, By End-use & Forecast, 2023-2032
U.S. Ophthalmic Sutures Market Size
U.S. Ophthalmic Sutures Market Size was valued at more than USD 296 million in 2022 and is expected to observe a 5.5% CAGR through 2032. Growing prevalence of eye diseases in the U.S. is anticipated to expedite the market growth in the coming years.
Disorders such as cataract, glaucoma, and detached retina have added to the eye disease burden in the region. As per the National Eye Institute, around 24 million Americans are presently suffering from cataract and an estimated 38.7 million will be affected by the disease by 2030. Usually, surgeries are recommended to treat such severe eye diseases to improve vision. Hence, these diseases are contributing to the demand for ophthalmic suture products that provide optimum outcomes in related surgical procedures.
Report Attribute | Details |
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Base Year | 2022 |
U.S. Ophthalmic Sutures Market Size in 2022 | USD 296.5 million |
Forecast Period | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR | 5.5% |
2032 Value Projection | USD 543.6 million |
Historical Data for | 2018 to 2022 |
No. of Pages | 90 |
Tables, Charts & Figures | 74 |
Segments covered | Type, Materials, Coating, Material Structure, Absorption, Application, End-use, and Region. |
Growth Drivers |
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Pitfalls & Challenges |
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Postoperative complications associated with ophthalmic procedures to hamper U.S. ophthalmic sutures market progression
The postoperative complications related to ophthalmic surgeries may have a negative impact on the industry growth. Lack of proper training and essential expertise can be very risky for the patient undergoing surgery. The possible complications include bleeding, inflammation inside the eye, retinal detachment, infection, etc. According to the American Academy of Ophthalmology, immediate complications related to eye surgeries are allergic reactions to the antibiotic drop, discomfort and swelling of the eyelid, and increased intraocular pressure, among others.
U.S. Ophthalmic Sutures Market Analysis
U.S. natural ophthalmic sutures market share is expected to reach around USD 163 million through 2032. These sutures offer adequate strength, can perform self-degradation absorption, and possess non-irritating and carcinogenic characteristics. Moreover, these natural sutures are easy to produce at low cost along with mass production. Natural ophthalmic sutures are considerably recommended in related surgical procedures attributable to good absorption, strong pull, and support wound healing characteristics. Hence, the regional product demand will be influenced by these distinct product traits.
U.S. ophthalmic sutures market share from the coated segment is expected to grow with more than 5% CAGR by 2032. Suture coating is known to lessen friction for ease of tissue passage and provides enhanced suture flexibility. This coating material delivers accurate consistent suture tension and holds tensile strength and can also be coated with antibiotics that make them more infection resistant. Coating serves the purpose of modifying the surface that enhances precision and penetration. The current antibiotics used by market players are showing sufficient effectiveness against bacterial resistance. Thus, these coated sutures can be touted as evaluated promising tools in the fight against surgical site infections.
The industry size from the cataract surgery segment is anticipated to record more than 5.5% CAGR through 2032. Growing occurrence of cataract disease is driving the market growth. For instance, in 2021, around 10,000 U.S. cataract surgeons performed around 4 million procedures in the U.S. Some of the key variables driving the market growth are rising accessibility to innovative technologies that boost the quality of cataract surgery coupled with the presence of board-certified skilled surgeons. Moreover, continuous advancements and development in ophthalmic sutures used in these procedures will positively impact the industry expansion.
U.S. ophthalmic sutures market share from the hospital segment held dominant market share in 2022 and is projected to touch USD 297 million through 2032. Increasing number of ophthalmic surgical procedures performed at hospital settings will foster the segmental progression. Moreover, surging number of patients that require critical care along with rising availability of better healthcare infrastructure will propel the market growth. The ease of access to a wide range of surgical treatments, medical evaluation for various ailments, and hygienic conditions in the country are some factors contributing to the industry progression.
U.S. Ophthalmic Sutures Market Share
Some prominent companies operating in the regional market include ;
- Medtronic
- Mani
- Corzamedical
- Teleflex Incorporated
- Ethicon
- B Braun Melsungen AG
- DemeTECH Corporation
These players are turning to various strategies for increased global presence. In June 2021, Ethicon announced the approval for the use of Ethicon Plus Sutures in surgeries within the National Health Service (NHS). These sutures provide antibacterial protection and are recommended as part of a bundle of care for preventing surgical site infection in the NHS for people that need wound closure after a surgical procedure. This recommendation represents a significant milestone for Ethicon and will help the company in strategically expanding into international markets.
COVID-19 Impact
The recent outbreak of COVID-19 crisis had a negative impact on the U.S. ophthalmic sutures industry revenue in 2020. The year witnessed the highest incidence and death rates from coronavirus, with people preferring to avoid other treatments in health facilities. The U.S. announced a national emergency as well as a ban on all the elective surgical procedures across the outpatient and inpatient settings. For instance, in the U.S., the CovidSurge Collaborative estimated that over 4 million elective surgeries were canceled due to the coronavirus over the peak 12 weeks. Such variables had impacted the growth of the market in several zones in the U.S.
U.S. ophthalmic sutures market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments Click here to Buy Section of this Report
By Type
- Natural
- Synthetic
By Material
- Nylon
- Polyproplene
- Silk
- PGA
- Others
By Coating
- Coated
- Uncoated
By Material Structure
- Monofilament
- Multifilament/Braided
By Absorption
- Absorbable
- Non-absorbable
By Application
- Cataract Surgery
- Corneal Transplantation Surgery
- Glucoma Surgery
- Vitrectomy
- Oculoplastic surgery
- Others
By End-use
- Hospitals
- Ambulatory Surgical Centers
- Others