Analysis of U.S. Ophthalmic Sutures Market by 2026 - PowerPoint PPT Presentation

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Analysis of U.S. Ophthalmic Sutures Market by 2026

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The U.S. Ophthalmic Sutures Market research report analysis from recent past with an eye on coming years in this report that also offers projections U.S. Ophthalmic Sutures Market targeted at helping in business decisions. – PowerPoint PPT presentation

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Title: Analysis of U.S. Ophthalmic Sutures Market by 2026


1
Major Key Players of U.S. Ophthalmic Sutures
Market Industry share 20202026
  • Increasing prevalence of ocular and ophthalmic
    diseases in the U.S. resulting in huge numbers of
    surgical procedures, is likely to drive
    ophthalmic sutures market outlook. Increasing
    pace of population aging across the region, who
    are highly susceptible to eye diseases may also
    bolster industry growth. Moreover, favorable
    reimbursement scenario in the country will
    further supplement industry share over the coming
    years. U.S. ophthalmic sutures market size is
    forecast to cross the USD 140 million mark by
    2026.
  • In terms of product type, the market is segmented
    into natural and synthetic. In 2019, the
    synthetic sutures segment accounted for over USD
    75 million and is forecast to further showcase
    exceptional growth rate over the analysis period.
    These sutures are experiencing high demand as
    they are the most modern sutures used in
    ophthalmic procedures, hence stimulating
    segmental growth.

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  • By end-use, the market is divided into hospitals,
    ambulatory surgical centers (ASCs), and others.
    The hospital segment was valued at over USD 35
    million in 2019. Such robust growth rate can be
    attributed to the growing prevalence of serious
    eye conditions, such as cataract, retinitis,
    glaucoma, and others in the U.S. Increasing
    patient inclination towards treatment in hospital
    settings due to the availability of qualified
    healthcare professionals may boost segmental
    growth
  • In terms of absorption, the market is bifurcated
    into absorbable and non-absorbable sutures. In
    2019, the absorbable segment held over 35 of
    total revenue share. Absorbable suture is used in
    different ophthalmic procedures and varies
    depending on discretion, as well as treatment.
    They are generally metabolized by endogenous
    proteolytic enzymes. Absorbable sutures are often
    placed internally and do not require re-opening
    of the wound due to which they are gaining
    massive popularity.
  • Speaking of the application landscape, U.S.
    ophthalmic sutures market is segmented into
    vitrectomy, corneal transplantation surgery,
    oculoplastic surgery, cataract surgery, and
    iridectomy. The corneal transplantation surgery
    segment is expected to grow at a CAGR of 5.5
    over 2020-2026 owing to expanding geriatric
    population base susceptible to chronic eye
    diseases. Corneal eye disease is the 4th most
    common cause of blindness that affects a large
    population base in the U.S. Also, corneal
    transplantation surgery is among the most
    preferred treatment choice of patients suffering
    from scarring of cornea, thinning of cornea and
    Fuchs dystrophy.

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  • Regional Analysis
  • In the U.S. more than 25 million Americans are
    affected by cataracts. Given the rising incidence
    rate of serious eye conditions, including
    diabetic retinopathy, cataract, myopia, glaucoma,
    and hyperopia among others, patients are
    undergoing various surgical procedures to improve
    vision sharpness, which is driving the demand for
    ophthalmic sutures.
  • Competitive Analysis
  • Key players players operating in U.S. ophthalmic
    sutures industry include DemeTECH, B. Braun,
    Aurolab, FCI Ophthalmics, Johnson Johnson and
    Alcon. These prominent players are employing
    several organic and inorganic growth strategies
    to create a strong position amidst tough market
    competition.

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Market _at_ https//www.gminsights.com/industry-anal
ysis/us-ophthalmic-sutures-market
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