The global ophthalmic sutures market was valued at approximately USD 608.86 million in 2023 and is expected to experience a significant expansion, growing at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2032. Ophthalmic sutures, meticulously designed surgical threads, are indispensable in closing incisions or wounds incurred during eye surgeries, such as cataract removal, corneal transplants, and glaucoma treatments. These sutures, crafted from materials like silk, nylon, and advanced biodegradable polymers, are pivotal in ensuring precise wound closure and facilitating optimal healing post-surgery.
The surge in the prevalence of eye disorders is a key driver propelling the global ophthalmic sutures market. With an aging global population, the incidence of eye diseases such as cataracts, glaucoma, and macular degeneration is on the rise, increasing the demand for ophthalmic surgeries. The adoption of innovative surgical techniques, including minimally invasive procedures and the utilization of advanced suture materials, is further enhancing the effectiveness of ophthalmic treatments, thereby driving market growth. Additionally, growing healthcare expenditure, characterized by increased investment in medical infrastructure and advanced technologies, is fueling the demand for high-quality ophthalmic sutures.
The market is also set to benefit from emerging opportunities, such as the development of biodegradable sutures. These sutures, which dissolve naturally in the body, eliminate the need for suture removal, reducing complications and enhancing patient comfort, thus appealing to both patients and healthcare providers. Moreover, the expansion into emerging markets, supported by improving healthcare access and infrastructure, presents significant growth opportunities for ophthalmic suture manufacturers. However, the market faces challenges, particularly related to the high costs of advanced sutures. These expenses can limit the adoption of cutting-edge suture materials, especially in cost-sensitive regions or markets with constrained healthcare budgets, potentially hampering market growth.
North America held the largest share of the market in 2023, primarily due to the high volume of ophthalmic surgeries performed and the presence of advanced healthcare infrastructure in the region. The growing aging population in the U.S. further drives the need for ophthalmic procedures. On the other hand, the Asia-Pacific region is projected to exhibit the fastest growth during the forecast period, driven by increasing healthcare investments, a high prevalence of eye-related disorders, and proactive government initiatives aimed at raising awareness about ophthalmic diseases.
Major market players included in this report are:
Accutome Inc.
Asset Medical Sarl
Alcon Inc.
Aurolab
B Braun Melsungen AG
DemeTech Corporation
FCI Ophthalmic Inc.
Medtronic Plc
Rumex International Co.
Surgical Specialties Corp
The detailed segments and sub-segment of the market are explained below:
By Type:
Natural
Synthetic
By Absorption Capacity:
Absorbable
Non-absorbable
By Application:
Corneal transplantation surgery
Cataract surgery
Vitrectomy surgery
Iridectomy surgery
Oculoplastic surgery
Others
By End-use:
Hospitals
Ambulatory surgical centers
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
