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  • 12 December 2019 16:58

Surgical Sutures Materials & Packaging Market - key Vendors, Trends, Analysis, Segmentation, Forecast to 2019-2030

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.

Market Industry Reports (MIR) has published a new report titled “Surgical Sutures Materials & Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” 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. 

In addition, the study probes into the major factors such as import and export status, consumption volume, supply chain management, production capability and spending power to help business owners, stakeholders as well as field marketing executives zero in on profitable business strategies and stay competitive. A thorough analysis of intense competition among the top performers and strategies that have enabled them to occupy a strong foothold in the market makes the report a valuable resource for product owners exploring new avenues. All the vital information is presented through charts, graphs and tables and can be refereed for an industry specific presentation.

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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. and  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.

The higher cost of surgical suture packaging process is hindering the growth of the market. The increase in price of raw materials for packaging and the method used for sterilization such as radiation & ethylene oxide gas used for sterilization impact the design and choice of packaging material for suture packaging and therefore increase the cost of packaging process. These factors are likely to restrain the market of surgical suture materials & packaging.

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