Surgical Sutures Market is Expected to Grow with a CAGR of 5.8% from 2022 to 2028
As stated in our extensive report by; providing insights on Product Type, Material, Application, and Region; the Global Surgical Sutures Market accounted for USD 3,592.5 Million in 2021.
Surgical Sutures are a kind of surgical equipment utilized to close any open wounds, ligate blood vessels at the time or after surgical operations such as orthopedic surgery. It is mostly utilized for wound closure in all kinds of significant surgeries like cesarean section, joint replacement, cardiovascular techniques, and many more and minor surgeries such as dental restorations, cataract surgery, and others. The growing incidence of road accidents and chronic infections results in a higher ratio of patients experiencing different kinds of surgeries.
Growth in lifestyle disorders due to the growing adoption of a sedentary lifestyle is another factor mainly contributing to the market growth. Lifestyle diseases such as cerebrovascular diseases, orthopedic disorders, ischemic heart diseases, cancers, and mental illness are continuously rising, globally. The rise in healthcare expenditure by most nations and improving healthcare establishments in emerging economies are anticipated to promote patient footfall. In addition, technological improvement by key players helps to initiate more precise methods, which increases the success rate of surgery, thus driving the market for Surgical Sutures.
The medical products such as Surgical Sutures that are regarded as a part of the surgical consumables field do not show a major revenue shift in 2020 and 2021, as compared to other medical appliances such as devices used in ICUs, CCUs, and emergency divisions of hospitals. With the recent pandemic scenario, surgical techniques have witnessed a decline and are only expected to rise in 2021, which is predicted to affect the market growth to a certain extent.
The growing number of knee replacements, hip replacements, hysterectomy, bypass surgeries, and cosmetic surgeries are promoting the use of this appliance to close wounds at a quicker pace. Also, the rapidly growing geriatric population is augmenting the need and adoption of Surgical Sutures because of the increasing incidence of surgical techniques among elderly patients. Thus leading to higher demand for advanced devices by healthcare settings globally.
North America predicated to maintain the maximum share of the Surgical Sutures Market during the forecast period. The increasing number of surgical procedures being performed in developing countries, combined with growing medical tourism in these countries, is propelling the growth of Surgical Sutures Market in this region.
Some of the prominent players operating in the Global Surgical Sutures Market are Braun Melsungen AG, Boston Scientific Corporation, ConMed Corporation, Deme TECH. Corporation, Healthium MedTech, Johnson & Johnson, Medtronic PLC, Peters Surgical, Surgical Specialties Corporation, W.L Gore & Associates Inc. and others.
Browse the full Report - Surgical Sutures Market Size, Share & Trends Analysis Report by Product Type (Automated Suturing Devices, Sutures), by Material (Monofilament, Multifilament), by Appliation (Cardiovascular Surgeries, General Surgeries, Orthopedic Surgeries, Ophthalmic Surgeries), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)