Ophthalmic Sutures Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Growing prevalence of visual/ophthalmic diseases among masses will drive ophthalmic sutures market. As per World Health Organization estimates, 51% of blindness across the world occur due to cataract. Over the past decade, eye conditions that are generally triggered by diabetes complications are on rise. People with visual diseases like myopia, hyperopia, cataract, glaucoma, age-related macular degeneration and diabetic retinopathy, are recommended to undergo surgical procedures to treat ophthalmic diseases. This scenario favors business growth as demand for surgical sutures will gain traction in forecast timespan.
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Rise in ageing population globally will positively impact growth of ophthalmic sutures market. Around 78.4 million people in the United States were in age group of 60 years & above, as per UN 2017 report. Eye diseases in elderly population are more common, owing to various other health conditions that trigger visual problems. For instance, deteriorating pancreatic functionality and weakened blood circulation result in severe ophthalmic disorders. According to CDC, there were more than 100 million people in the United States alone with pre-diabetic conditions and diabetes. Growing geriatric population across the world is estimated to surge demand for surgical procedures and hence, expand ophthalmic sutures market size.
The prevalence of diabetes among patients has attributed to the surge in incidences of cataracts. According to the reports by GMI, cataract surgery held nearly 38% of ophthalmic sutures market share in the year 2018. Cataract is a major cause of vision loss and to remove cataracts, patients are treated with procedures that involve surgery. Ophthalmic sutures play a pivotal role in cataract surgeries. The rise in the number of patients requiring cataract surgeries will enhance ophthalmic sutures market outlook over the forecast timeline.
In 2016, 82,994 corneal graft tissues were used in the U.S. alone, as per Eye Bank Association of America. Corneal transplantation surgery segment of ophthalmic sutures market is projected to witness growth of more than 6% over the forecast timespan. There is a rise in number of corneal donors over past few years, which is estimated to supplement ophthalmic surgical process, thereby garnering considerable proceeds for ophthalmic sutures market.
Non-absorbable sutures are made of synthetic as well as natural polymers and feature high tensile strength. Non-absorbable sutures are generally recommended for oculoplastic surgery. Furthermore, non-absorbable sutures remain intact until they are removed. Also they remain unaffected by biologic activities of body tissues. Being highly durable inside human body, non-absorbable sutures are expected to rapidly become the sutures of choice in ophthalmic surgeries over coming years. In 2018, non-absorbable sutures segment held more than 62% revenue share in ophthalmic sutures market.
There has been a momentous rise of working individuals with eye disorders in the North American region, owing to which the regional demand for ophthalmic sutures has increased. Favorable demographic trends with rising prevalence of eye disorders will augment North America ophthalmic sutures market, which held over 35% revenue share in 2018. The region is estimated to witness robust growth in the forthcoming years, driven by lifestyle changes that has resulted in exposure to dangerous radiations causing eye diseases. Rise of diabetic retinopathy in obese population will also supplement North America ophthalmic sutures industry growth.
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Partial Chapter of the Table of Content
Chapter 5.Ophthalmic Sutures Market, By Absorption
5.1. Key segment trends
5.2.1.Market size, by region, 2014-2025 (USD Million)
5.3.1.Market size, by region, 2014-2025 (USD Million)
Chapter 6.Ophthalmic Sutures Market, By Application
6.1. Key segment trends
6.2. Corneal Transplantation Surgery
6.2.1.Market size, by region, 2014-2025 (USD Million)
6.3. Cataract Surgery
6.3.1.Market size, by region, 2014-2025 (USD Million)
6.4.1.Market size, by region, 2014-2025 (USD Million)
6.5.1.Market size, by region, 2014-2025 (USD Million)
6.6. Oculoplastic Surgery
6.6.1.Market size, by region, 2014-2025 (USD Million)
6.7.1.Market size, by region, 2014-2025 (USD Million)