South & Central America Antimicrobial Surgical Suture Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 108 | Report Code: BMIRE00031801 | Category: Life Sciences
No. of Pages: 108 | Report Code: BMIRE00031801 | Category: Life Sciences
The South & Central America antimicrobial surgical suture market size is expected to reach US$ 31.52 million by 2031 from US$ 14.58 million in 2023. The market is estimated to record a CAGR of 10.2% from 2024 to 2031.
The South & Central America antimicrobial surgical suture market has been segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil accounted for the largest share of the South & Central America antimicrobial surgical suture market. The market growth in the country is defined by the aesthetic surgeries performed in large volumes, the availability of health insurance, and developments in the healthcare systems. Other countries in the region offer the best surgical treatments for various diseases at a lower cost compared to the developed countries. The growing medical tourism in these countries created a huge demand for antimicrobial surgical sutures, leading to the market growth in the region.
Key segments that contributed to the derivation of the antimicrobial surgical suture market analysis are type, raw materials, application, and end user.
Sutures are frequently used to close post-operative wounds and to treat deep wounds caused during road and occupational accidents, orthopedic injuries, and sports injuries, owing to their ability to stimulate natural healing. Suturing has significantly transformed the wound closure process by accelerating it. However, wound care management is a complex process and surgical site infections are the most common medical infections observed among the large population. According to WHO, in low- and middle-income countries, 11% of patients who undergo surgery develop an infection during the process. To fight against surgical site infections, scientists have developed nanosilver-impregnated silk sutures. Nanosilver possesses antimicrobial properties, and its optical and structural characteristics make it an appealing candidate for biomedical applications. The increasing number of cases of surgical site infections is driving the need for sutures that have antimicrobial properties. In July 2022, Dolphin Sutures launched its antibacterial range of antibacterial sutures containing Triclosan coating, which is a known broad-spectrum antibacterial and antifungal agent. Therefore, increasing prevalence of surgical site infections are expected to create demand for antimicrobial surgical sutures and drive the growth of antimicrobial surgical sutures market.
Based on country, the South & Central America antimicrobial surgical suture market comprises Brazil, Argentina, and the Rest of South & Central America. Brazil held the largest share in 2023.
Brazil is the fifth largest and fifth most populated country globally. It is also known as the best medical tourism destination among the countries which offer medical tourism. The Joint Commission International has accredited 15 hospitals and medical centers in Brazil. These are concentrated in Rio De Janeiro and Sao Paulo. In addition, Brazilian plastic surgery is prevalent. Most hospitals and clinics specialize in orthopedics, cardiology, diagnostic medicine, dental, urology, neurology, and mastology. Moreover, travelers with limited budgets prefer Brazil for their medical treatments and other facilities due to the lower costs of surgical therapies compared to other regions. Therefore, owing to the rise in medical tourism for surgical treatments, the demand for antimicrobial surgical sutures is likely to increase during the forecast period.
The general population is covered by public health insurance. The Unified Healthcare System (SUS) is the primary provider of health services to the Brazilian population, and nearly 70% of the population is covered by healthcare services. Furthermore, the public system provides free medical diagnostics, treatment, and medication for some chronic diseases. These factors are boosting the demand for surgical treatments in the country, propelling the market growth.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 14.58 Million |
| Market Size by 2031 | US$ 31.52 Million |
| Global CAGR (2024 - 2031) | 10.2% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
Some of the key players operating in the market include Advanced MedTech Solutions Pvt. Ltd.; Futura Surgicare Pvt Ltd (Dolphin Sutures); Healthium Medtech Limited; Internacional Farmacéutica SA; Johnson & Johnson; Meril Life Sciences Pvt Ltd; TI Medical; and Unilene, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.
Business Market Insights’ conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis, and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:
The South & Central America Antimicrobial Surgical Suture Market is valued at US$ 14.58 Million in 2023, it is projected to reach US$ 31.52 Million by 2031.
As per our report South & Central America Antimicrobial Surgical Suture Market, the market size is valued at US$ 14.58 Million in 2023, projecting it to reach US$ 31.52 Million by 2031. This translates to a CAGR of approximately 10.2% during the forecast period.
The South & Central America Antimicrobial Surgical Suture Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Antimicrobial Surgical Suture Market report:
The South & Central America Antimicrobial Surgical Suture Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Antimicrobial Surgical Suture Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Antimicrobial Surgical Suture Market value chain can benefit from the information contained in a comprehensive market report.
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