U.S. Ophthalmic Sutures Market 2020 by industry trends, statistics, key companies growth and regional forecast
Category: #business  By Ronak Bora  Date: 2021-03-22
  • share
  • Twitter
  • Facebook
  • LinkedIn

U.S. Ophthalmic Sutures Market 2020 by industry trends, statistics, key companies growth and regional forecast

U.S. 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.

Rising incidences of eye disorders and soaring demand for surgical procedures are predicted to offer an impetus to U.S. ophthalmic sutures market growth. Geriatric population is more vulnerable to numerous ophthalmic eye conditions. Rapidly aging population and supportive reimbursement scenarios in the country are thus anticipated to stimulate U.S. ophthalmic sutures industry trends.

According to a comprehensive research report published by Global Market Insights, Inc., U.S. ophthalmic sutures market size is expected to cross the $140 million mark by 2026.

Request for a sample copy of this report @ https://www.decresearch.com/request-sample/detail/4517

Rising prevalence of eye disorders in the U.S.

The U.S. is witnessing increasing cases of various eye disorders, such as hyperopia, glaucoma, myopia, diabetic retinopathy, and cataract. It has been recorded that over 25 million people in America are suffering from cataracts. Several people with ophthalmic disorders require surgical procedures for the enhancement of sharpness of vision, which will considerably spur U.S. ophthalmic sutures industry growth in the ensuing years.

Intensifying adoption of synthetic ophthalmic sutures in the U.S.

Based on the type, U.S. ophthalmic sutures market is branched into synthetic and natural. Among these, synthetic segment accounted for about 75 million in 2019 and is expected to showcase similar growth patterns in the coming years. These sutures are considered to be the advanced ones for use in ophthalmic procedures.

Escalating demand for absorbable ophthalmic sutures

Based on absorption, U.S. ophthalmic sutures industry is bifurcated into absorbable and non-absorbable sutures. Among these, in 2019, absorbable segment was valued at almost 35% in the overall U.S. ophthalmic sutures market share. This suture is metabolized by endogenous proteolytic enzymes and used in various ophthalmic procedures. The use of these sutures depends upon treatment and discretion. Absorbable sutures are generally placed internally and do not need reopening of the wound, which will enhance U.S. ophthalmic sutures industry outlook.

Preference for hospitals for ophthalmic surgeries

Based on the end-use segment, U.S. ophthalmic sutures business is segmented into ambulatory surgical centers (ASCs), hospitals, and others. Among these, hospital segment accounted for more than $35 million in the total U.S. ophthalmic sutures industry revenue. The segmental growth can be accredited to the rising prevalence of eye disease, including cataract, glaucoma, retinitis, and others in the U.S. The patients of these disorders are highly opting for getting treated in hospital settings owing to the availability of expert healthcare professionals and advanced infrastructure.

Elderly people increasingly choosing corneal transplantation

Elaborating on the application landscape, the U.S. market is divided into cataract surgery, vitrectomy, oculoplastic surgery, iridectomy, and corneal transplantation surgery. Among these, corneal transplantation surgery will accrue remarkable profits due to increasing elderly population, which is more vulnerable to eye disorders.

Patients with Fuchs’ dystrophy, thinning of cornea, and scarring of cornea are increasingly preferring corneal transplantation. The corneal eye disease is considered to be the 4th most common reason behind blindness, which has been affecting a huge population in the U.S. In accordance, corneal transplantation surgery business is likely to grow at a 5.5% CAGR through 2026. 

Browse full table of contents (TOC) of this report @ https://www.decresearch.com/toc/detail/us-ophthalmic-sutures-market

Partial Chapter of the Table of Content 

Chapter 2.  Executive Summary

2.1. U.S. ophthalmic suture industry 360º synopsis, 2015 – 2026

2.1.1.  Business trends

Chapter 3.  U.S. Ophthalmic Sutures Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2015 – 2026

3.3. Industry impact forces

3.3.1.  Growth drivers

3.3.1.1. Increasing incidence of eye diseases

3.3.1.2. Rising elderly population

3.3.1.3.    Growing prevalence of diabetes leading to ophthalmic diseases

3.3.1.4. Technological advancement in ophthalmic sutures

3.3.2.  Industry pitfalls & challenges

3.3.2.1. Post-operative complications associated with ophthalmic sutures

3.3.2.2.   Availability of alternatives

3.3.2.3.   Dearth of trained ophthalmologists

3.4. Growth potential analysis

3.4.1. By type

3.4.2.   By absorption

3.4.3.   By application

3.4.4.   By end-use

3.5. Porter’s analysis

3.6. Competitive landscape, 2019

3.6.1. Competitive matrix analysis

3.7. PESTEL analysis

 

 

About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

Read More>>

More News By Ronak Bora

RF Components Market share 2021 - Industry Growth Analysis to 2027
RF Components Market share 2021 - Industry Growth Analysis to 2027
By Ronak Bora

A detailed analysis of the RF components market is entailed in this research report. The driving for...

Flexible Display Market Size 2021 - Industry Trends Report to 2027
Flexible Display Market Size 2021 - Industry Trends Report to 2027
By Ronak Bora

An inherent blend of vital market definitions, the flexible display market report comprises details ...

Digital BSS Market Size 2021 | Global Industry Statistics Analysis 2027
Digital BSS Market Size 2021 | Global Industry Statistics Analysis 2027
By Ronak Bora

A detailed synopsis of the digital BSS market has been presented in this research report. The synops...