South Korea Absorbable Suture Thread Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.5 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
The South Korea Absorbable Suture Thread Market is witnessing robust growth driven by the increasing demand for advanced medical technologies and the rising number of surgical procedures across the country. Absorbable sutures, also known as dissolvable sutures, are widely used in surgeries, ranging from minor to major operations, as they eliminate the need for removal after healing. These sutures are preferred in soft tissue approximation and ligation due to their ability to naturally break down in the body over time, promoting efficient healing. The market for absorbable suture threads in South Korea is thriving, propelled by both domestic demand and international exports.
Several industries, including healthcare, biotechnology, and pharmaceuticals, are significantly contributing to the demand for absorbable suture threads. Hospitals and medical clinics, in particular, are major consumers, utilizing these threads in a wide array of surgeries such as orthopedic, cardiovascular, and general surgical procedures. As medical professionals increasingly seek alternatives to traditional sutures that require manual removal, absorbable sutures are becoming the preferred choice due to their convenience and safety. The growing preference for minimally invasive procedures also drives this trend, further boosting market growth.
From an industrial perspective, the requirement for high-quality absorbable suture threads is increasing, with emphasis on materials such as polyglycolic acid (PGA), polylactic acid (PLA), and polyglactin 910, which are known for their biocompatibility and effective absorption rates. Companies in South Korea are investing in cutting-edge research and development to enhance the performance of absorbable sutures, ensuring that they meet the evolving needs of surgeons and patients. Additionally, stringent regulatory standards and quality control processes are essential to meet industry requirements, ensuring product reliability and safety.
The increasing availability of absorbable suture threads that are highly effective in wound healing is expected to fuel continued demand. Additionally, the market is benefiting from growing healthcare investments, which contribute to the development of advanced surgical products. As South Korea continues to establish itself as a leader in medical technology and innovation, the future of the absorbable suture thread market looks promising, with continued emphasis on high-quality, bio-degradable materials that meet the ever-growing surgical needs of the population.
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B. Braun
DemeTech Corporation
Katsan Surgical Sutures
META-BIOMED
TROGE Medical
Vitrex Medical
YAVO
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Absorbable Suture Thread Market
Monofilament Sutures
Polymer Sutures
Polyester Sutures
Polypropylene Sutures
Natural Absorbable Materials
Synthetic Absorbable Materials
General Surgery
Orthopedic Surgery
Cardiovascular Surgery
Gynecological Surgery
Hospitals
Ambulatory Surgical Centers
Clinics
Direct Sales
Online Sales
Third-Party Distributors
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Absorbable Suture Thread Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Absorbable Suture Thread Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Absorbable Suture Thread Market, By Type
6. South Korea Absorbable Suture Thread Market, By Application
7. South Korea Absorbable Suture Thread Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Absorbable Suture Thread Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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