Saudi Arabia Surgical Sutures Market by Product, by Application, by End User - Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023

  • ID: 4517550
  • Report
  • Region: Saudi Arabia
  • 84 pages
  • P&S Market Research
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The industry is driven by the growing number of hospitals and healthcare professionals, surging geriatric population, and rising healthcare expenditure.

Insights on Market Segments:

On the basis of product, the Saudi Arabian surgical sutures market has been categorized into sutures and automated suturing devices. Between the two suture types, namely absorbable and non-absorbable, absorbable sutures are estimated to hold a larger share, of 65.3%, in the market in 2017. This can be attributed to an increase in the demand for absorbable sutures, as they can be easily broken down by the body through the process of hydrolysis and therefore do not have to be removed after surgery.

Based on application, the surgical sutures market has been categorized into general, gynecological, orthopedic, ophthalmic, cardiovascular, and other surgeries. Among these, general surgery is expected to continue being the largest application area for surgical sutures in the market in the coming years. General surgery is estimated to account for the largest share in the surgical sutures market of Saudi Arabia in 2017 and is also predicted to be the fastest-growing application category, with a CAGR of 4.6%, during the forecast period.

Based on end user, the surgical sutures market in Saudi Arabia has been categorized into hospitals and others, where the category of “others” includes private clinics, nursing homes, and ambulatory surgery centers. Hospitals are estimated to hold a larger share, of 83.2%, in the surgical sutures market in 2017. This is because most of the surgical procedures are performed in hospitals, as they are well equipped with medical facilities and professional personnel for conducting surgical procedures.

Mergers and acquisitions among players for a larger market share

Key players in the surgical sutures industry in Saudi Arabia are acquiring other firms to gain a larger market share. For instance, in January 2016, Surgical Specialties Corporation acquired all shares and affiliated entities of FSSB Chirurgische Nadeln GmbH, a needle and suture manufacturer. The company financed the transaction through a $147 million commercial banking facility. The acquisition aimed at expanding the needle business of Surgical Specialties Corporation by making use of FSSB Chirurgische Nadeln GmbH’s proprietary technology.

Moreover, in January 2015, Medtronic plc completed the acquisition of Covidien plc, a manufacturer of medical devices and supplies. The cash-and-stock transaction valued approximately $49.9 billion. The acquisition aimed at extending the innovation capabilities of Medtronic plc. Some of the other key players operating in the surgical sutures market in Saudi Arabia are Johnson & Johnson, Smith & Nephew plc, United Medical Industries Co. Ltd., and Dogsan.
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1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Product
1.3.2 Market Segmentation by Application
1.3.3 Market Segmentation by End User
1.3.4 Analysis Period
1.3.5 Market Data Reporting Unit
1.3.5.1 Value
1.3.5.2 Volume
1.4 Key Stakeholders

2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 by industry participant
2.2.1.2 by company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

3. Executive Summary

4. Introduction
4.1 Definition of Market Segments
4.1.1 by Product
4.1.1.1 Sutures
4.1.1.1.1 Absorbable sutures
4.1.1.1.2 Non-absorbable sutures
4.1.1.2 Automated suturing devices
4.1.1.2.1 Disposable
4.1.1.2.2 Reusable
4.1.2 by Application
4.1.2.1 General surgeries
4.1.2.2 Gynecological surgeries
4.1.2.3 Orthopedic surgeries
4.1.2.4 Ophthalmic surgeries
4.1.2.5 Cardiovascular surgeries
4.1.2.6 Others
4.1.3 by End User
4.1.3.1 Hospitals
4.1.3.1.1 Government hospitals
4.1.3.1.2 Private hospitals
4.1.3.2 Others
4.2 Market Dynamics
4.2.1 Trend
4.2.1.1 Surge in the development of modified sutures
4.2.2 Drivers
4.2.2.1 Soaring number of surgeries and burn cases
4.2.2.2 Increasing prevalence of chronic diseases
4.2.2.3 Growing number of hospitals and healthcare professionals
4.2.2.4 Surging geriatric population
4.2.2.5 Rising healthcare expenditure
4.2.2.6 Impact analysis of drivers on market forecast
4.2.3 Restraints
4.2.3.1 Increasing adoption of minimally invasive surgeries
4.2.3.2 Availability of alternative wound closure products
4.2.3.3 Impact analysis of restraints on market forecast
4.2.4 Opportunities
4.2.4.1 Growing popularity of cosmetic surgeries
4.2.4.2 Improved healthcare infrastructure
4.3 Porter’s Five Forces Analysis
4.3.1 Bargaining Power of Buyers
4.3.2 Bargaining Power of Suppliers
4.3.3 Intensity of Rivalry
4.3.4 Threat of New Entrants
4.3.5 Threat of Substitutes

5. Saudi Arabia Surgical Sutures Market Size and Forecast
5.1 by Product
5.1.1 Sutures by Type
5.1.2 Automated Suturing Devices by Type
5.2 by Application
5.3 by End User

6. Competitive Landscape
6.1 Market Share Analysis of Key Players
6.2 Product Benchmarking of Key Players
6.3 Strategic Developments of Key Players
6.3.1 Mergers and Acquisitions
6.3.2 Product Launches

7. Company Profiles
7.1 Medtronic plc
7.1.1 Business Overview
7.1.2 Product and Service Offerings
7.1.3 Key Financial Summary
7.1.4 Strategic Growth Plans
7.2 Johnson & Johnson
7.2.1 Business Overview
7.2.2 Product and Service Offerings
7.2.3 Key Financial Summary
7.2.4 Strategic Growth Plans
7.3 Smith & Nephew plc
7.3.1 Business Overview
7.3.2 Product and Service Offerings
7.3.3 Key Financial Summary
7.3.4 Strategic Growth Plans
7.4 United Medical Industries Co. Ltd.
7.4.1 Business Overview
7.4.2 Product and Service Offerings
7.4.3 Strategic Growth Plans
7.5 B. Braun Melsungen AG
7.5.1 Business Overview
7.5.2 Product and Service Offerings
7.5.3 Key Financial Summary
7.5.4 Strategic Growth Plans

8. Appendix
8.1 Abbreviations
8.2 Sources and References
8.3 Related Reports

List of Tables
Table 1 Analysis Period of the Study
Table 2 Saudi Arabia Surgical Sutures Market, by Product, $’000 (2013 - 2017)
Table 3 Saudi Arabia Surgical Sutures Market, by Product, $’000 (2018 - 2023)
Table 4 Saudi Arabia Surgical Sutures Market, by Product, ‘000 Units (2013 - 2017)
Table 5 Saudi Arabia Surgical Sutures Market, by Product, ‘000 Units (2018 - 2023)
Table 6 Saudi Arabia Sutures Market, by Type, $’000 (2013 - 2017)
Table 7 Saudi Arabia Sutures Market, by Type, $’000 (2018 - 2023)
Table 8 Saudi Arabia Sutures Market, by Type, ‘000 Units (2013 - 2017)
Table 9 Saudi Arabia Sutures Market, by Type, ‘000 Units (2018 - 2023)
Table 10 Saudi Arabia Automated Suturing Devices Market, by Type, $’000 (2013 - 2017)
Table 11 Saudi Arabia Automated Suturing Devices Market, by Type, $’000 (2018 - 2023)
Table 12 Saudi Arabia Automated Suturing Devices Market, by Type, ’000 Units (2013 - 2017)
Table 13 Saudi Arabia Automated Suturing Devices Market, by Type, ’000 Units (2018 - 2023)
Table 14 Saudi Arabia Surgical Sutures Market, by Application, $’000 (2013 - 2017)
Table 15 Saudi Arabia Surgical Sutures Market, by Application, $’000 (2018 - 2023)
Table 16 Saudi Arabia Surgical Sutures Market, by End User, $’000 (2013 - 2017)
Table 17 Saudi Arabia Surgical Sutures Market, by End User, $’000 (2018 - 2023)
Table 18 Saudi Arabia Surgical Sutures Market, by End User, ’000 Units (2013 - 2017)
Table 19 Saudi Arabia Surgical Sutures Market, by End User, ’000 Units (2018 - 2023)
Table 20 Medtronic Plc - At a Glance
Table 21 Medtronic Plc - Key Financial Summary
Table 22 Johnson & Johnson - At a Glance
Table 23 Johnson & Johnson - Key Financial Summary
Table 24 Smith & Nephew Plc - At a Glance
Table 25 Smith & Nephew Plc - Key Financial Summary
Table 26 United Medical Industries Co. Ltd. - At a Glance
Table 27 B. Braun Melsungen Ag - At a Glance
Table 28 B. Braun Melsungen Ag - Key Financial Summary

List of Figures
Fig 1 Research Scope
Fig 2 Research Methodology
Fig 3 Split of Primary and Secondary Research
Fig 4 Breakdown of Primary Research by Industry Participant
Fig 5 Breakdown of Primary Research by Company Type
Fig 6 Data Triangulation Approach
Fig 7 Saudi Arabia Surgical Sutures Market Summary
Fig 8 Incidence of Cancer In Saudi Arabia
Fig 9 Drivers For the Market: Impact Analysis
Fig 10 Restraints For the Market: Impact Analysis
Fig 11 Porter’S Five Forces Analysis
Fig 12 Snapshot of Saudi Arabia Surgical Sutures Market by Product (2017)
Fig 13 Saudi Arabia Surgical Sutures Market, by Product, $’000 (2013-2023)
Fig 14 Saudi Arabia Sutures Market, by Type, $’000 (2013 - 2023)
Fig 15 Saudi Arabia Automated Suturing Devices Market, by Type, $’000 (2013 - 2023)
Fig 16 Saudi Arabia Surgical Sutures Market, by Application, $’000 (2013 - 2023)
Fig 17 Saudi Arabia Surgical Sutures Market, by End User, $’000 (2013 - 2023)
Fig 18 Saudi Arabia Surgical Sutures Market Share of Key Players (2017)
Fig 19 Product Benchmarking of Key Players
Fig 20 Medtronic Plc - Revenue Split by Segment and Geography (2017)
Fig 21 Johnson & Johnson - Revenue Split by Segment and Geography (2017)
Fig 22 Smith & Nephew Plc - Revenue Split by Geography (2017)
Fig 23 B. Braun Melsungen Ag - Revenue Split by Segment and Geography (2016)
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