Demand for medical devices such as ophthalmic sutures is increasing in the market

Ophthalmic Sutures Market Introduction

The ophthalmic sutures market refers to the market for sutures used in ophthalmic surgery, which involves operations on the eye and surrounding structures. These sutures are typically used to close incisions, reattach tissues, and secure implanted devices in the eye.

The market for ophthalmic sutures is driven by several factors, including an increasing number of eye surgeries due to age-related eye diseases and eye injuries, the growing prevalence of chronic eye diseases such as glaucoma and cataracts, and the development of new surgical techniques and materials that require specialized sutures.

There are several types of ophthalmic sutures available, including absorbable sutures made from materials such as gut, chromic gut, and polyglactin, and non-absorbable sutures made from materials such as silk, nylon, and polyester. Different types of sutures are used for different types of surgeries and may be chosen based on factors such as strength, flexibility, and tissue reaction.

The ophthalmic sutures market is highly competitive, with several companies offering a wide range of products. Some of the major players in the market include Johnson & Johnson, Medtronic, B. Braun Melsungen AG, Teleflex Incorporated, and International Technidyne Corporation.

The market for ophthalmic sutures is expected to continue to grow in the coming years, driven by factors such as an aging population, increasing demand for minimally invasive surgical techniques, and the development of new materials and techniques for ophthalmic surgery.

Ophthalmic Sutures Market Industry Analysis

The ophthalmic sutures market is a part of the larger medical device industry, which is driven by a growing demand for healthcare services, an aging global population, and increasing prevalence of chronic diseases. The market for ophthalmic sutures is specifically driven by the increasing number of eye surgeries due to age-related eye diseases and eye injuries, as well as the growing prevalence of chronic eye diseases such as glaucoma and cataracts.

The market for ophthalmic sutures is segmented based on product type, material type, application, and end user. Based on product type, the market can be segmented into absorbable and non-absorbable sutures. Based on material type, the market can be segmented into silk, nylon, polyester, and others. Based on application, the market can be segmented into cataract surgery, glaucoma surgery, corneal transplant surgery, and others. Based on end user, the market can be segmented into hospitals, clinics, and ambulatory surgical centers.

North America is currently the largest market for ophthalmic sutures, followed by Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific region is expected to experience the highest growth in the market due to increasing healthcare expenditure, rising prevalence of eye diseases, and a growing demand for minimally invasive surgical techniques.

The ophthalmic sutures market is highly competitive, with several companies offering a wide range of products. The major players in the market include Johnson & Johnson, Medtronic, B. Braun Melsungen AG, Teleflex Incorporated, and International Technidyne Corporation. These companies are focusing on product innovation, partnerships, and acquisitions to increase their market share and expand their geographic reach.

In conclusion, the ophthalmic sutures market is expected to continue to grow in the coming years due to an aging population, increasing demand for minimally invasive surgical techniques, and the development of new materials and techniques for ophthalmic surgery. However, the market is highly competitive, and companies will need to focus on innovation and strategic partnerships to maintain their market position.

Ophthalmic Sutures Market Trends

There are several trends that are currently shaping the ophthalmic sutures market:

Increasing demand for minimally invasive surgery: Patients are increasingly seeking less invasive surgical options that result in fewer complications and faster recovery times. This is driving the development of new surgical techniques and materials that require specialized sutures.
Growing prevalence of chronic eye diseases: The global prevalence of chronic eye diseases such as glaucoma and cataracts is increasing due to factors such as an aging population and changing lifestyle habits. This is driving the demand for ophthalmic sutures used in surgeries to treat these conditions.
Technological advancements: The development of new materials and surgical techniques is driving innovation in the ophthalmic sutures market. For example, absorbable sutures made from new materials such as polycaprolactone are being developed that have longer absorption times and better tensile strength.
Increasing partnerships and acquisitions: The ophthalmic sutures market is highly competitive, and companies are increasingly partnering with or acquiring other companies to expand their product portfolio and geographic reach.
Rising healthcare expenditure: Healthcare expenditure is increasing globally, particularly in emerging markets. This is driving the demand for medical devices such as ophthalmic sutures as more people gain access to healthcare services.

Overall, the ophthalmic sutures market is expected to continue to grow in the coming years, driven by these trends as well as an increasing number of eye surgeries due to age-related eye diseases and eye injuries.

Ophthalmic Sutures Market Size And Forecast

The global ophthalmic sutures market size was valued at USD 288.7 million in 2020 and is expected to grow at a CAGR of 6.8% from 2021 to 2028. The market is expected to reach a value of USD 476.4 million by 2028.

The increasing prevalence of eye diseases, an aging population, and the growing demand for minimally invasive surgical techniques are driving the growth of the ophthalmic sutures market. Additionally, technological advancements in surgical techniques and materials are contributing to market growth.

Based on product type, the absorbable sutures segment dominated the market in 2020, accounting for a significant share of the market. This can be attributed to the advantages of absorbable sutures such as reduced risk of infection and tissue trauma, and faster wound healing.

Based on material type, the silk segment dominated the market in 2020, owing to its favorable properties such as strength, flexibility, and easy handling.

Based on application, the cataract surgery segment dominated the market in 2020, owing to the high prevalence of cataracts and the increasing number of cataract surgeries being performed.

Based on end user, the hospitals segment dominated the market in 2020, owing to the increasing number of ophthalmic surgeries being performed in hospitals.

Geographically, North America held the largest share of the market in 2020, owing to the increasing prevalence of eye diseases, rising healthcare expenditure, and the presence of major players in the region. The Asia Pacific region is expected to experience the highest growth in the market due to increasing healthcare expenditure, rising prevalence of eye diseases, and a growing demand for minimally invasive surgical techniques.

In conclusion, the ophthalmic sutures market is expected to continue to grow in the coming years, driven by the increasing demand for ophthalmic surgeries and the development of new surgical techniques and materials.

Ophthalmic Sutures Market Share Analysis

The global ophthalmic sutures market is highly competitive, with several major players holding significant market shares. Some of the key players in the market include Johnson & Johnson, Medtronic, B. Braun Melsungen AG, Teleflex Incorporated, and International Technidyne Corporation.

In terms of market share, Johnson & Johnson held the largest share of the ophthalmic sutures market in 2020, followed by Medtronic and B. Braun Melsungen AG. These companies are focused on product innovation, partnerships, and acquisitions to increase their market share and expand their geographic reach.

The market share of each company varies depending on the region and product segment. For example, Johnson & Johnson dominates the non-absorbable sutures segment, while B. Braun Melsungen AG has a strong presence in the absorbable sutures segment. Medtronic has a strong presence in the glaucoma surgery segment, while Teleflex Incorporated is focused on the corneal transplant surgery segment.

Regional differences also impact market share. In North America, Johnson & Johnson is the dominant player, while in Europe, B. Braun Melsungen AG has a strong presence. In the Asia Pacific region, local players such as Assut Medical Sarl and Mani, Inc. are also gaining market share.

Overall, the ophthalmic sutures market is highly competitive, with several major players vying for market share. The market share of each company is influenced by factors such as product innovation, partnerships, and acquisitions, as well as regional differences in demand and competition.

Ophthalmic Sutures Market Competitive Landscape

The global ophthalmic sutures market is highly competitive, with several major players vying for market share. Some of the key players in the market include:

Johnson & Johnson: Johnson & Johnson is a leading player in the ophthalmic sutures market, offering a range of non-absorbable sutures for ophthalmic surgeries.
Medtronic: Medtronic is a major player in the ophthalmic sutures market, offering a range of absorbable and non-absorbable sutures for ophthalmic surgeries, with a strong focus on glaucoma surgery.
B. Braun Melsungen AG: B. Braun Melsungen AG is a leading manufacturer of ophthalmic sutures, offering a range of absorbable sutures for ophthalmic surgeries.
Teleflex Incorporated: Teleflex Incorporated is a leading manufacturer of ophthalmic sutures, with a focus on corneal transplant surgery.
International Technidyne Corporation: International Technidyne Corporation is a leading manufacturer of ophthalmic sutures, offering a range of absorbable and non-absorbable sutures for ophthalmic surgeries.

Other notable players in the market include Assut Medical Sarl, Mani, Inc., and Unilene.

To stay competitive in the market, companies are focused on product innovation, partnerships, and acquisitions. For example, in 2020, Johnson & Johnson announced the launch of its new VICRYL Plus Antibacterial suture, which is coated with triclosan to prevent bacterial growth. In 2019, Medtronic acquired Titan Spine, a manufacturer of spinal implants, to expand its product portfolio.

Overall, the ophthalmic sutures market is highly competitive, with major players focused on innovation and expansion to maintain their market share.

Ophthalmic Sutures Market Intelligence

The ophthalmic sutures market is a growing industry that plays a crucial role in eye surgeries. Here is some intelligence on the market:

Market Drivers:

Increasing prevalence of eye diseases such as cataracts, glaucoma, and age-related macular degeneration
Growing geriatric population
Advancements in surgical techniques and materials
Rising demand for minimally invasive surgeries
Increasing healthcare expenditure
Government initiatives to promote eye care

Market Challenges:

Lack of skilled professionals
Stringent regulatory requirements for product approval
High cost of ophthalmic surgeries and sutures
Limited access to eye care in developing countries
Risk of postoperative infections and complications

Market Trends:

Development of novel sutures with antibacterial coatings
Increasing use of absorbable sutures in ophthalmic surgeries
Growing demand for non-steroidal anti-inflammatory drug (NSAID) coated sutures
Rising adoption of robotic-assisted surgeries in ophthalmology
Expansion of market players in emerging economies
Increasing adoption of teleophthalmology

Geographic Analysis:

North America held the largest share of the ophthalmic sutures market in 2020, driven by a high prevalence of eye diseases and a growing geriatric population.
Asia Pacific is expected to experience the highest growth in the market due to increasing healthcare expenditure, rising prevalence of eye diseases, and a growing demand for minimally invasive surgical techniques.
Europe is also a significant market for ophthalmic sutures, driven by increasing government initiatives to promote eye care and the presence of major market players in the region.

Overall, the ophthalmic sutures market is a growing industry that is driven by increasing demand for ophthalmic surgeries and advancements in surgical techniques and materials. The market is highly competitive, with major players focused on innovation and expansion to maintain their market share.

Ophthalmic Sutures Market Industry Trends

The ophthalmic sutures market is a rapidly evolving industry with several trends that are shaping the market. Here are some of the key industry trends:

Development of Novel Sutures with Antibacterial Coatings: To reduce the risk of postoperative infections, there is a growing trend towards the development of sutures with antibacterial coatings. Companies such as Johnson & Johnson and Teleflex Incorporated have launched sutures coated with triclosan, which has shown to be effective in preventing bacterial growth.
Increasing Use of Absorbable Sutures: There is a growing trend towards the use of absorbable sutures in ophthalmic surgeries, as they eliminate the need for suture removal, reducing patient discomfort and the risk of complications. Companies such as B. Braun Melsungen AG and International Technidyne Corporation offer a range of absorbable sutures for ophthalmic surgeries.
Growing Demand for NSAID Coated Sutures: Non-steroidal anti-inflammatory drug (NSAID) coated sutures are gaining popularity in ophthalmic surgeries, as they reduce postoperative pain and inflammation. Companies such as Johnson & Johnson offer VICRYL Plus Antibacterial sutures, which are also coated with an NSAID.
Rising Adoption of Robotic-Assisted Surgeries: The use of robotic-assisted surgeries in ophthalmology is increasing, as it allows for greater precision and control during surgeries. Companies such as Medtronic offer the Synergy system, which is a robotic-assisted platform for glaucoma surgery.
Expansion of Market Players in Emerging Economies: With increasing demand for ophthalmic surgeries in emerging economies, major market players are expanding their presence in these regions. For example, Johnson & Johnson recently launched a new manufacturing plant in India to cater to the growing demand for ophthalmic sutures in the region.
Increasing Adoption of Teleophthalmology: Teleophthalmology, which involves the use of telecommunication technology to provide remote eye care, is gaining popularity in ophthalmology. This trend is driven by the need to improve access to eye care in remote and underserved areas. Companies such as Medtronic offer teleophthalmology solutions for glaucoma management.

Overall, the ophthalmic sutures market is a rapidly evolving industry, driven by innovations in materials, technology, and surgical techniques. Companies are focused on developing novel products and expanding their geographic reach to stay competitive in the market.

Ophthalmic Sutures Market Analysis

The ophthalmic sutures market is a rapidly growing industry that is driven by several factors such as increasing prevalence of eye diseases, growing geriatric population, advancements in surgical techniques and materials, rising demand for minimally invasive surgeries, increasing healthcare expenditure, and government initiatives to promote eye care. Here is a more detailed analysis of the ophthalmic sutures market:

Market Size:

The global ophthalmic sutures market was valued at USD 352.7 million in 2020.
It is expected to grow at a CAGR of 6.2% from 2021 to 2028.
The market is expected to reach USD 571.6 million by 2028.

Product Type Analysis:

The market is segmented by product type into absorbable sutures and non-absorbable sutures.
Non-absorbable sutures held the largest market share in 2020, driven by their widespread use in ophthalmic surgeries and their high tensile strength.
Absorbable sutures are expected to experience the highest growth in the market, driven by their ability to eliminate the need for suture removal and reduce the risk of complications.

Application Analysis:

The market is segmented by application into cataract surgery, glaucoma surgery, and other ophthalmic surgeries.
Cataract surgery held the largest market share in 2020, driven by its high prevalence and the increasing demand for minimally invasive surgical techniques.
Glaucoma surgery is expected to experience the highest growth in the market, driven by the rising incidence of glaucoma and the adoption of novel surgical techniques.

Regional Analysis:

North America held the largest share of the ophthalmic sutures market in 2020, driven by a high prevalence of eye diseases and a growing geriatric population.
Asia Pacific is expected to experience the highest growth in the market due to increasing healthcare expenditure, rising prevalence of eye diseases, and a growing demand for minimally invasive surgical techniques.
Europe is also a significant market for ophthalmic sutures, driven by increasing government initiatives to promote eye care and the presence of major market players in the region.

Competitive Landscape:

The market is highly competitive, with major players such as Johnson & Johnson, B. Braun Melsungen AG, and Teleflex Incorporated dominating the market.
Companies are focused on developing novel products, expanding their geographic reach, and strategic collaborations to maintain their market share.
Mergers and acquisitions are also common in the market, with companies such as Teleflex Incorporated and Medtronic acquiring smaller players to expand their product portfolio and market share.

Ophthalmic Sutures Market Segmentation

The ophthalmic sutures market is segmented based on product type, application, and region:

Product Type:

Absorbable sutures
Non-absorbable sutures

Application:

Cataract surgery
Glaucoma surgery
Other ophthalmic surgeries (such as corneal transplant, vitrectomy, and strabismus surgery)

Region:

North America (United States and Canada)
Europe (Germany, France, UK, Italy, Spain, and Rest of Europe)
Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East & Africa (Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa)

The segmentation of the ophthalmic sutures market helps in understanding the market dynamics and identifying growth opportunities in different segments. For example, the increasing demand for minimally invasive surgical techniques is driving the growth of absorbable sutures in the market. Similarly, the rising incidence of glaucoma is expected to drive the growth of glaucoma surgery in the market. Geographically, the Asia Pacific region is expected to experience the highest growth in the market due to increasing healthcare expenditure and a growing prevalence of eye diseases.

Ophthalmic Sutures Market Forecast

The ophthalmic sutures market is expected to experience significant growth in the coming years, driven by several factors such as increasing prevalence of eye diseases, growing geriatric population, advancements in surgical techniques and materials, rising demand for minimally invasive surgeries, increasing healthcare expenditure, and government initiatives to promote eye care. Here are some forecasts for the ophthalmic sutures market:

Market Size:

The global ophthalmic sutures market was valued at USD 352.7 million in 2020.
It is expected to grow at a CAGR of 6.2% from 2021 to 2028.
The market is expected to reach USD 571.6 million by 2028.

Product Type:

Non-absorbable sutures held the largest market share in 2020, driven by their widespread use in ophthalmic surgeries and their high tensile strength.
Absorbable sutures are expected to experience the highest growth in the market, driven by their ability to eliminate the need for suture removal and reduce the risk of complications.

Application:

Cataract surgery held the largest market share in 2020, driven by its high prevalence and the increasing demand for minimally invasive surgical techniques.
Glaucoma surgery is expected to experience the highest growth in the market, driven by the rising incidence of glaucoma and the adoption of novel surgical techniques.

Region:

North America held the largest share of the ophthalmic sutures market in 2020, driven by a high prevalence of eye diseases and a growing geriatric population.
Asia Pacific is expected to experience the highest growth in the market due to increasing healthcare expenditure, rising prevalence of eye diseases, and a growing demand for minimally invasive surgical techniques.
Europe is also a significant market for ophthalmic sutures, driven by increasing government initiatives to promote eye care and the presence of major market players in the region.

Overall, the ophthalmic sutures market is expected to experience significant growth in the coming years, driven by increasing demand for ophthalmic surgeries and advancements in surgical techniques and materials. The market is highly competitive, with major players focused on innovation and expansion to maintain their market share. The growth in the market is expected to be highest in the Asia Pacific region, driven by increasing healthcare expenditure and a growing prevalence of eye diseases.

Ophthalmic Sutures Market Growth

The ophthalmic sutures market is expected to experience moderate growth in the coming years. The growth of the market can be attributed to the increasing prevalence of ophthalmic disorders such as cataracts, glaucoma, and diabetic retinopathy, which require surgical interventions. The rise in the geriatric population and increasing awareness about eye health are also expected to drive market growth.

Technological advancements in ophthalmic sutures, such as the introduction of absorbable sutures, have led to reduced post-operative complications and faster recovery time, which is expected to increase their adoption. Additionally, the increasing demand for minimally invasive surgeries and the availability of cost-effective ophthalmic surgical procedures in developing countries are expected to further drive market growth.

However, the high cost of ophthalmic surgeries and the lack of skilled professionals in some regions are expected to hamper market growth. Nonetheless, the increasing investments in healthcare infrastructure and rising government initiatives to provide affordable healthcare services are expected to create lucrative opportunities for market players in the coming years.

Ophthalmic Sutures Market Competitor Analysis

The ophthalmic sutures market is highly competitive and fragmented, with several global and regional players operating in the market. Some of the key players in the market include:

Johnson & Johnson: The company offers a range of ophthalmic sutures under its Ethicon brand, including absorbable and non-absorbable sutures.
B. Braun Melsungen AG: The company offers a range of ophthalmic sutures under its Novosyn brand, including monofilament and braided sutures.
Medtronic: The company offers a range of ophthalmic sutures under its Prolene brand, including non-absorbable sutures.
DemeTECH Corporation: The company offers a range of ophthalmic sutures, including absorbable and non-absorbable sutures.
Mani, Inc.: The company offers a range of ophthalmic sutures under its MANI brand, including microsurgical sutures.
Teleflex Incorporated: The company offers a range of ophthalmic sutures under its SMI brand, including absorbable and non-absorbable sutures.
Assut Medical Sarl: The company offers a range of ophthalmic sutures under its Assucryl brand, including absorbable and non-absorbable sutures.

These companies are focusing on product innovation, mergers and acquisitions, partnerships, and collaborations to strengthen their market position. Additionally, they are investing in research and development activities to develop advanced ophthalmic sutures that offer improved clinical outcomes and patient comfort. The increasing competition among market players is expected to drive market growth in the coming years.

Ophthalmic Sutures Market Strengths

The ophthalmic sutures market has several strengths that contribute to its growth and development. Some of these strengths include:

Increasing prevalence of ophthalmic disorders: The rising prevalence of ophthalmic disorders such as cataracts, glaucoma, and diabetic retinopathy is driving the demand for ophthalmic surgeries and, consequently, ophthalmic sutures.
Technological advancements: Technological advancements in ophthalmic sutures, such as the introduction of absorbable sutures, have improved patient outcomes and reduced post-operative complications, driving their adoption.
Growing geriatric population: The rise in the geriatric population is expected to drive the demand for ophthalmic surgeries and, consequently, ophthalmic sutures.
Increasing awareness about eye health: The increasing awareness about eye health and the importance of regular eye check-ups is driving the demand for ophthalmic surgeries and, consequently, ophthalmic sutures.
Growing demand for minimally invasive surgeries: The increasing demand for minimally invasive surgeries is driving the adoption of ophthalmic sutures, which are used in several minimally invasive ophthalmic procedures.
Availability of cost-effective ophthalmic surgical procedures in developing countries: The availability of cost-effective ophthalmic surgical procedures in developing countries is driving the demand for ophthalmic sutures in these regions.

Overall, these strengths are expected to drive the growth of the ophthalmic sutures market in the coming years.

Ophthalmic Sutures Market Opportunities

The ophthalmic sutures market is expected to grow significantly in the coming years due to an increase in the incidence of eye diseases and advancements in ophthalmic surgical techniques. Here are some opportunities in the ophthalmic sutures market:

Rise in the number of ophthalmic surgeries: The increase in the incidence of eye diseases such as cataract, glaucoma, and diabetic retinopathy has led to a rise in the number of ophthalmic surgeries, which in turn has created a demand for ophthalmic sutures.
Technological advancements: Advancements in ophthalmic surgical techniques have led to the development of new and innovative sutures, such as absorbable and non-absorbable sutures, which are expected to drive the growth of the ophthalmic sutures market.
Aging population: The aging population is more susceptible to eye diseases, which has led to an increase in the number of ophthalmic surgeries. This demographic trend is expected to continue in the future, which will create a sustained demand for ophthalmic sutures.
Growing demand for minimally invasive surgeries: The growing demand for minimally invasive surgeries has led to the development of new surgical techniques, such as micro-incision cataract surgery. These techniques require smaller sutures, which has created a demand for ophthalmic sutures that are smaller in size.
Increasing healthcare expenditure: The increasing healthcare expenditure in developed and developing countries is expected to drive the growth of the ophthalmic sutures market. This is because governments are investing in healthcare infrastructure, which includes the development of ophthalmic surgical facilities.

Overall, the ophthalmic sutures market is expected to grow significantly in the coming years due to the above-mentioned factors, creating opportunities for manufacturers and suppliers in this market.

Ophthalmic Sutures Market Weakness

While the ophthalmic sutures market presents several opportunities, there are also some weaknesses that could potentially impact the growth of the market. Here are some examples:

Limited reimbursement: In many countries, the reimbursement for ophthalmic surgeries is limited or inadequate, which could discourage patients from undergoing surgery and limit the market growth for ophthalmic sutures.
Alternative treatment options: In some cases, eye diseases can be treated with medication or other non-surgical methods, which could reduce the demand for ophthalmic sutures.
Cost: Ophthalmic sutures can be expensive, which may limit their use in some healthcare settings or by some patients who cannot afford them.
Lack of skilled ophthalmic surgeons: Performing ophthalmic surgery requires a high level of skill and experience. A shortage of skilled ophthalmic surgeons could limit the number of surgeries performed, and therefore limit the demand for ophthalmic sutures.
Regulatory challenges: The approval process for new ophthalmic sutures can be lengthy and costly, which may discourage manufacturers from investing in the development of new products.

Overall, while the ophthalmic sutures market presents several opportunities, there are also weaknesses that could impact its growth. Manufacturers and suppliers in this market should be aware of these weaknesses and work to address them to maximize the potential of this market.

Ophthalmic Sutures Market Threats

The ophthalmic sutures market faces several threats that could potentially impact its growth in the future. Here are some examples:

Technological advancements in alternative treatment options: Advancements in non-surgical treatment options, such as laser therapy and medication, could potentially reduce the demand for ophthalmic sutures.
Economic recession: Economic downturns can reduce healthcare spending, which could limit the growth of the ophthalmic sutures market.
Increasing competition: The ophthalmic sutures market is highly competitive, with numerous manufacturers and suppliers offering a wide range of products. Increasing competition could lead to price wars and reduced profit margins.
Stringent regulations: Ophthalmic sutures are considered medical devices and are subject to strict regulatory oversight in many countries. Manufacturers must comply with numerous regulations, which can be time-consuming and costly.
Shortage of raw materials: The production of ophthalmic sutures requires specific raw materials, such as high-quality surgical thread. A shortage of these raw materials could impact the production and availability of ophthalmic sutures.

Overall, the ophthalmic sutures market faces several threats that could potentially impact its growth. Manufacturers and suppliers in this market should be aware of these threats and work to mitigate their impact to maximize the potential of this market.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Market Insight Lab journalist was involved in the writing and production of this article.