Sutures Materials & Packaging Market - Geography Trends, Growth and Forecasts 2030


According to the report, the surgical sutures materials & packaging market is estimated to be over US$ 887 Mn in 2018. It is anticipated to grow at a 4.7% CAGR from 2019 to 2030. 

Asia Pacific is estimated to witness the highest CAGR during the forecast period. The factors such as low cost raw materials like paper & polymer and comparatively cheaper packaging machine available in this region leads to reduction in the cost of product as well as packaging. Moreover, growing number of surgeries, increasing medical tourism and rising geriatric population are anticipated to drive the growth of surgical suture materials & packaging market in this region during the forecast period.

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The prominent players in the global sutures materials & packaging market are
·         DuPont de Nemours
·         Inc. (DuPont)
·         Harro Höfliger Verpackungsmaschinen GmbH
·         Körber Medipak Systems GmbH
·         Oliver
·         KOCH Pac-Systeme GmbH
·         Monadnock Paper Mills Inc.
·         Ace Technologies among others.

The companies are focusing in newer technologies in packaging that help in increasing their manufacturing output in lesser time. The advancements include the automation process in suture packaging machines such that they include sterilization of packaging materials and surgical sutures followed by complete sealing of package to prevent contamination and provide sterile suture.
Moreover, innovation in the packaging materials such as Tyvek that provide better sterility, act as a microbial barrier and provides puncture protection for the suture, are factors that are anticipated to propel the growth of surgical suture material & packaging market.

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2. RESEARCH METHODOLOGY
  1. Research Framework
  2. Data Collection Technique
  3. Data Sources
    1.  Secondary Sources
    2.  Primary Sources
  4. Market Estimation Methodology
    1.  Bottoms Up Approach
    2.  Top Down Approach
  5. Data Validation and Triangulation
    1.  Market Forecasting Model
    2.  Limitations/Assumptions of the Study
10. COMPETETIVE LANDSCAPE
  1. Key Players & Their Competitive Positioning (2018)
  2. Key Strategies Assessment
    1. New Product Launches
    2. Merger & Acquisitions
    3. Agreements, Collaborations, & Partnerships
    4. Expansions
    5. Other Strategies
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