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North America has emerged as the largest regional market for sutures, accounting for over 37.9% of the market share. The strong industry presence of major players such as Ethicon (part of Johnson & Johnson) and Medtronic in countries like the U.S. and Canada has helped North America gain dominance in the sutures space. Additionally, sophisticated healthcare infrastructure and expenditure on surgical procedures have sustained the demand for advanced suture devices and techniques in this region over the years. With the region continuing to adopt minimally invasive surgeries at a robust pace, the utilization of sutures is expected to remain high given their indispensable usage in closing surgical incisions or wounds.
Among all regions, Asia Pacific has illustrated robust expansion and has cemented its position as the fastest growing market for sutures. Countries like India, China, Japan, and South Korea are driving the sutures market growth in Asia Pacific. The hospital infrastructure and healthcare systems are rapidly strengthening in the developing Asian countries, thereby supporting an increase in the number of surgeries annually. This has provided the necessary launchpad for suture companies to tap into Asia Pacific's potential. Further, less stringent regulatory environment compared to developed regions has encouraged local players to manufacture sutures and medical devices at lower costs for both domestic consumption as well as export purposes. This ensures adequate supply and competitive pricing of sutures in Asia Pacific, which has bolstered its demand. Increasing medical tourism across Asia Pacific is another factor attracting global MedTech giants to expand their sutures business in this fast-developing region.
Sutures Market Report Snapshots
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