Global Polyglycolic Acid Suture Market Overview:
Polyglycolic acid Suture or PGA was the first synthetic absorbable Suture introduced . Basically Polyglycolic /Polyglycolide is biodegradable, thermoplastic and the simplest linear, aliphatic polyester. It can be prepared starting from glycolic acid by means of poly-condensation or ring-opening polymerization. There are different applications of PGA suture in human medication as well as veterinary medication in healthcare sector . It is available in different types ,different coating and in different filaments. Some of the key players profiled in the study are Acctome (United States), Ethicon (Johnson & Johnson) (United States), B.Braun Melsungen AG (Germany), Smith & Nephew (United Kingdom), Medtronic (Ireland), Boston Scientific (United States), Sutures India (India), EndoEvolution (United States), Demophorius Healthcare (Turkey), YAVO (Poland) and Troge Medical (Germany).
On the basis of geography, the market of Polyglycolic Acid Suture has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Filament, the sub-segment i.e. Monofilament will boost the Polyglycolic Acid Suture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Hospitals will boost the Polyglycolic Acid Suture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Coating, the sub-segment i.e. N-Laurin will boost the Polyglycolic Acid Suture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Highly demanded due to PGA sutures' superior features over catgut
- Highly suggested as they are Biodegradable polymers
- Not only in human medication also used veterinary medications
- Growing use due to Environment-friendly in nature
- High cost associated with the product
Major Market Developments:
In December 2019 Johnson & Johnson announced an agreement to acquire the remaining stake in Verb Surgical Inc. following a successful strategic collaboration with Verily, an Alphabet company. Verb Surgical world-class robotics and data science capabilities combined with Johnson & Johnsonís health care leadership and global reach advance the companyís vision to make medical interventions smarter, less invasive and more personalized.
In September 2019 Philips and B.Braun launch Onvision needle tip tracking, a breakthrough in real-time ultrasound guidance for regional anesthesia Philips a global leader in health technology, and B. Braun Melsungen AG, a global leader in regional anesthesia and pain management, announced the launch of Onvision, a breakthrough ultrasound guidance solution for real-time needle tip tracking in regional anesthesia. Available on the latest version of the B. Braun and Philips Xperius ultrasound system, Onvision gives anaesthesiologists the confidence to accurately position the needle tip inside the body.
The FDA and Code of Federal regulations provide guidelines for surgical device manufacturers. There classification and uses according to their specifications. Polyglycolic Acid (PGA) meets all requirements established by the United States Pharmacopeia (U.S.P.) for synthetic absorbable surgical suture.
The surgical devices are growing in the market due to different enhancement in the healthcare sector. The competition is increasing due to new companies launching their sutures. The merger and acquisition are other options for leading firms to catch the market and earn more profit. The availability of different sutures and devices also one of the reasons for growing the competition between top firms.
Manufacturers, Hospital and Surgical centers, Distributors/Suppliers/Wholesalers, Government sector, Research firms, Industry Associate and Downstream Vendors
Major Objectives Focused through this Study
To define, describe, and forecast the Global Polyglycolic Acid Suture market on the basis of product [Synthetic, Absorbable and Braided Multifilament] , application [Surgical Operation, Subcutaneous Sutures,, Intracutaneous Closures and Abdominal and Thoracic Surgeries], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Polyglycolic Acid Suture market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Polyglycolic Acid Suture industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Silverglide (Australia), Keebovet (United States), AdvaMed (United States) and Goldenwell Medical Devices (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Polyglycolic Acid Suture market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.