Strategic Collaborations between Distributors and Medtech Companies Strengthen Supply Chains
Strategic Collaborations between Distributors and Medtech Companies Strengthen Supply Chains
Braided and coated synthetic absorbable sutures are gaining widespread acceptance in gastrointestinal and gynecological procedures. This explains why the revenue of gynecology applications is estimated for aggressive growth in the synthetic absorbable sutures market, where the market is estimated to reach a value of ~US$ 3 Bn by the end of 2027. Hence, distributors and medtech companies are setting their collaboration wheels in motion to generate sales. For instance, Uniplex (UK) Ltd.- a specialist in the repair and servicing of surgical instruments and medical devices, has joined forces with Meril Life, a medical device manufacturer, to strengthen their distribution channels in the global synthetic absorbable sutures market.
Medtech companies are investing in capacity additions to increase the availability of braided and coated synthetic sutures that degrade via hydrolysis and ensure reliable absorption. They are increasing focus in multi-stroke technology to ensure that every suture is stitched to reduce the incidences of suture snapping.
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Biocompatibility and Porosity of Materials Become Key Focus Points for Suture Innovations
Surgical sutures have become one of the most common implantable medical textiles in the synthetic absorbable sutures market. This trend is contributing toward the robust growth of the synthetic absorbable sutures market, which is anticipated to expand at a CAGR of ~6% during the forecast period. Due to increased popularity of sutures post-surgical procedures, medtech companies are increasingly focusing on biocompatibility of textile materials to ensure predictable absorption of sutures. Likewise, porosity of synthetic absorbable sutures has become an important deciding factor that determines how fast the human tissue will heal after the surgery.
Manufacturers in the market for synthetic absorbable sutures are increasing their R&D activities to introduce sutures with small circular fibers that are better encapsulate with the human tissue, thus improving the patient quality of life. They are developing absorbable sutures that remain free from surface contamination such as from lubricants and sizing. As such, companies are increasing their production capabilities in polyglactin sutures, since the revenue of these sutures is slated for exponential growth during the assessment period.
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Synthetic Absorbable Sutures Induced with Triclosan Help Reduce SSI Incidences
Synthetic absorbable sutures containing triclosan are becoming more commonplace for wound closure applications among adults and children after surgical procedures. Moreover, triclosan helps to fight off microorganisms and prevent incidences of surgical sight infections (SSIs). According to the recently published medtech innovation briefing by NICE (National Institute for Health and Care Excellence), absorbable sutures are replacing traditional non-antibacterial sutures. However, synthetic absorbable sutures are more expensive than non-antibacterial sutures. As such, the relatively high cost is offset by the fact that absorbable sutures help in prevention of SSIs, thus resulting in increased sales.
Novel absorbable sutures containing triclosan as provided by Ethicon, Inc. — a subsidiary of leading medical devices company Johnson & Johnson, are being highly publicized in the Europe synthetic absorbable sutures market. This is evident since the revenue of the synthetic absorbable sutures market in Europe is projected for exponential growth. Manufacturers are increasing their production capabilities to produce both monofilament and multifilament sutures.
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Distribution Companies Strive to Keep Business Operations Functional Amidst COVID-19 Outbreak
Recent developments of COVID-19 (coronavirus) in the U.K. have significantly disrupted supply chains in the synthetic absorbable sutures market. However, several distributors are striving to maintain 100% ‘in stock’ for synthetic absorbable sutures and other medical devices that fall under the category of regularly purchased products. Organizations are taking necessary precautions to prevent the spread of coronavirus. In order to meet any urgent patient needs, numerous companies in the synthetic absorbable sutures market have acquired special permissions from local authorities to keep certain amount of business operations functional.
Medtech companies are requesting that all non-essential visits to the office wait until the situation stabilizes in the U.K. They are resorting to virtual meetings through Skype or telephone to meet urgent client requirements. Companies have curtailed their national and international plans to prevent the spread of coronavirus.
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