Market Snapshot

Global Surgical Sutures Market

Global Surgical Sutures Market- By Product Type, Material, Application and Region

Market Synopsis:

Global Surgical Sutures Market is valued at USD 3,592.5 Million in the year 2021 and is projected to reach a value of USD 5,038.6Million by year 2028. The Global Market is anticipated to grow exhibiting a Compound Annual Growth Rate (CAGR) of 5.8% over the forecast period.

The surgical suture market is witnessing growth primarily owing to the rising number of surgical procedures performed universally. The growth of the global Surgical Sutures Market is primarily driven by an increase in the prevalence of accidents, a rise in the popularity of cosmetic surgeries, an upsurge in expenditure on healthcare, and the development of innovative sutures like film-coated sutures. Moreover, the favorable reimbursement situations for the number of surgical procedures and the introduction of the latest sutures are further expected to fuel the growth of the Surgical Sutures Market in the coming future. Furthermore, the growth in the occurrences of various chronic diseases, and growth in the geriatric population are projected to significantly drive the Surgical Sutures Market growth in the years to come.

Additionally, the increasing awareness about the novel surgeries, rising demand for better healthcare facilities, and an upsurge in the aging population are projected to provide profitable opportunities for the Surgical Sutures Market growth during the forecast period. Besides, the presence of alternative wound cares management products and the rising preferences for negligibly invasive surgeries are the other major factors expected to hamper the growth of the surgical suture market during the forecast period.

Market Segmentation:

The Surgical Sutures Market is segmented on the basis of product type, material, and application. Based on Product Type the market is segmented into automated Suturing Devices and Sutures. Based on Material, the market is segmented as Monofilament and Multifilament. Based on application, the market is segmented as Cardiovascular Surgeries, General Surgeries, Orthopedic Surgeries, Ophthalmic Surgeries, and others.

The Suture segment is predicted to acquire the largest share of the market during the forecast period

Based on product type, the segment of the suture is expected to acquire the largest share of the Surgical Sutures Market during the forecast period. The largest share of the market is attributed to the increased preference for suture threads for wound closure and the low cost as compared with the automotive suturing devices.

The multifilament suture segment is estimated to acquire the largest share of the market during the forecast period

Based on material, the segment of the multifilament suture is predicted to acquire the largest share of the Surgical Sutures Market during the forecast period. The large share of the multifilament segment is attributed to the increasing number of rising geriatric population, complex surgeries, and favorable reimbursement policies for hospital treatments.

North America is predicted to acquire the largest market share during the forecast period

North America is estimated to acquire the largest revenue in the surgical suture market during the forecast period. The growth of North America is attributed to the increasing adoption of the advanced absorbable and the antibacterial coated sutures, development in the wound management sector, and an increase in the incidences of various chronic diseases. Additionally, the high healthcare investments for research and development in Canada, and United States are further expected to boost the market growth during the forecast period.

Asia Pacific region is anticipated to grow at a highest CAGR during the forecast period

Asia Pacific region is estimated to grow at the highest Compound Annual Growth Rate (CAGR) during the forecast period. The growth of the market is mainly attributed to the presence of the high population base, development in the healthcare infrastructure, increasing incidences of chronic diseases, rise in the demand for the number of surgical procedures, and the rising demand for better healthcare services. Additionally, the surgical suture market growth led by Japan, and China in order to integrate new latest technologies and develop the healthcare sector are the other factors majorly driving the surgical suture market growth in the Asia Pacific region during the forecast period.

Competitive Landscape:

The key market players are adopting various strategies for the growth of the Surgical Sutures Market which helps to stay competitive in the market. Some of the major key players in the 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.

Segmentation of Global Surgical Sutures Market:

• Product Type
  • Automated Suturing Devices
  • Sutures

• Material
  • Monofilament
  • Multifilament

• Appliation
  • Cardiovascular Surgeries
  • General Surgeries
  • Orthopedic Surgeries
  • Ophthalmic Surgeries
  • Others

• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa