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Surgical Sutures Market

Surgical Sutures Market

Surgical Sutures Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

143

Base Year:

2022

Date

Mar - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1396

Segments Covered
  • By Product By Product Nature of Absorbent, Non-absorbable Sutures, Type Of Coating, Automated Suturing Devices
  • By Application By Application Cardiovascular Surgery, General Surgery, Gynecological Surgery, Orthopedic Surgery, Ophthalmic Surgery, Cosmetic & Plastic Surgery Other Applications
  • By End User By End User Hospitals, Ambulatory Surgical Centers (ASCs), Clinics & Physician Offices
  • By Regions By Regions North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 3716.76 Million
Revenue 2030Revenue 2030: USD 5704.06 Million
Revenue CAGRRevenue CAGR (2023 - 2030): 5.50%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Surgical Sutures Market Share

Market Synopsis:

Surgical Sutures Market is valued at USD 3716.76 Million in 2022 and is projected to reach a value of USD 5704.06 Million by 2030 at a CAGR of 5.50% over the forecast period.

A surgical suture is one of the most frequently used medical devices by doctors while performing a surgery that supports the tissues of a body after an injury or surgery by maintaining structural integrity, or binding them together as required. The rapid increase in the elderly population, technological advancements, and the growing number of surgical procedures across the world are some of the major factors driving the growth of the Surgical Sutures market in the forecast period. In addition, the growing attractiveness of cosmetic surgeries, proliferating number of accidents, rising healthcare expenses, and the development of technologically superior sutures such as Antibacterial Triclosan-Coated Polyglactin 910 suture for use over conventional sutures propel the market. The rising accident and the increasing numbers of various serious diseases are creating significant demand for Surgical Sutures across the healthcare sector. A growing number of health insurance coverage, which mostly covers healthcare attention in the form of surgical procedures, also presents an opportunity for a large number of people undergoing surgical procedures in the forecast period. Moreover, investments of governments in the emerging economies to make insurance reach a large number of people in their countries so that they have access to basic healthcare services will drive the market in coming years.

Surgical Sutures Market Size, 2022 To 2030 (USD Million)

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Market Segmentation:

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The Multifilament Sutures Segment Accounted for the Largest Market Share in the Type Segment of the Market

The segment of the multifilament suture accounted for the largest share of the surgical suture market. The large share of this segment is due to the rising number of complex surgeries, the growing elderly population, and favorable reimbursement policies for hospital treatments. In addition, the benefits connected with the multifilament sector, such as superior pliability, high tensile strength, and flexibility, will fuel this segment's growth in the approaching years.

Monofilament sutures are difficult to work with and can result in suture crushing or crimping, as well as premature suture failure during surgery. Monofilament sutures are composed of monocryl, nylon, prolene, and polydioxanone, among other materials. These sutures also have a lower risk of infection and have poor knot security. Hence multifilament sutures are preferred over monofilament sutures.

Based on Application, the Cardiovascular Surgery Segment holds the Largest Market Share

The cardiovascular surgery segment accounted for the largest share of the Surgical Sutures market in 2021. The large share of this segment can be because of factors like a large number of cardiovascular surgeries performed across the world as a result of the high incidence of cardiovascular disease (CVD), the presence of sufficient experts in the field, supportive reimbursement scenarios, and advancement in diagnostics. This is resulting in a large increase in the number of cardiac procedures, which is driving up demand for Surgical Sutures throughout the forecast period.

Orthopedic surgery is also showing a rapid growth in 2021 and is expected to witness significant growth over the forecast period. This is due to an increase in the frequency of traffic accidents, which is leading to an increase in orthopedic injuries.

The Asia Pacific to Acquire the Fastest Growing Share for the Surgical Sutures Market

The Asia-Pacific area is thought to be the fastest-growing of all the regions. The growth of the Asia Pacific (APAC) Surgical Sutures Market is primarily driven by the improved healthcare infrastructure, growing healthcare knowledge, rising disposable income, accelerating demand for healthcare needs, and growth in medical tourism. In addition, factors such as growth in the prevalence of chronic diseases and the rising number of technological advancements such as absorbable sutures further drive the market growth. In addition, with the help of government initiatives and launching various public healthcare programs, a rise in the elderly population, growing healthcare expenditure, increase in the number of complex surgeries, and increasing medical tourism, the APAC surgical market is expected to see significant growth during the forecast period.

The North American region dominated the market for Surgical Sutures due to the presence of local and key players, high cost of sutures as compared to neighboring locations, favorable reimbursement conditions, expanding government initiatives, and a well-developed healthcare infrastructure. Technological developments and a high level of domestic wealth are other important reasons in North America's huge revenue share.

The European Surgical Sutures Market is estimated to grow at a considerable rate. The increase in the patient pool is a major factor for the market to grow in Europe in the coming years. In addition, the factors like the concentration of market key players on manufacturing the surgical suture medical devices and the rise in the number of road accidents, which leads to the increasing usage of the suture devices, are fueling the demand of the market in the forecast period.

Competitive Landscape:

Some of the major key players in the Surgical Sutures Market are Medtronic Plc (Ireland), Johnson & Johnson (US), Advanced Medical Solutions Group plc (UK), Internacional Farmacéutica S.A. de C.V.(Mexico), and B. Braun Melsungen (Germany), Smith & Nephew (UK), Boston Scientific Corporation (US), Peters Surgical (France), DemeTECH Corporation (US) and Surgical Specialties Corporation (US), Dolphin Sutures (India), Derma Sciences (US), Stryker Corporation (US), Healthium MedTech (India), CONMED Corporation (US), Sutcon Sutures(Indonesia), Zimmer Biomet (US), GPC Medical (India), Sutumed, CPT Sutures(India), Lotus Surgicals (India), Vital Sutures(US), Unilene (India), Mellon Medical B.V.(Netherlands), and Riverpoint Medical(US).

Surgical Sutures Market is Segmented as Follows:

Parameter Details
Segments Covered

By Product

  • Nature of Absorbent
  • Non-absorbable Sutures
  • Type Of Coating
  • Automated Suturing Devices

By Application

  • Cardiovascular Surgery
  • General Surgery
  • Gynecological Surgery
  • Orthopedic Surgery
  • Ophthalmic Surgery
  • Cosmetic & Plastic Surgery Other Applications

By End User

  • Hospitals
  • Ambulatory Surgical Centers (ASCs)
  • Clinics & Physician Offices

By Regions

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

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Medtronic Plc (Ireland)
  • Johnson & Johnson (US)
  • Advanced Medical Solutions Group plc (UK)
  • Internacional Farmacéutica S.A. de C.V.(Mexico)
  • and B. Braun Melsungen (Germany)
  • Smith & Nephew (UK)
  • Boston Scientific Corporation (US)
  • Peters Surgical (France)
  • DemeTECH Corporation (US) and Surgical Specialties Corporation (US)
  • Dolphin Sutures (India)
  • Derma Sciences (US)
  • Stryker Corporation (US)
  • Healthium MedTech (India)
  • CONMED Corporation (US)
  • Sutcon Sutures(Indonesia)
  • Zimmer Biomet (US)
  • GPC Medical (India)
  • Sutumed
  • CPT Sutures(India)
  • Lotus Surgicals (India)
  • Vital Sutures(US)
  • Unilene (India)
  • Mellon Medical B.V.(Netherlands)
  • and Riverpoint Medical(US)
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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Surgical Sutures Market is Tabulated as Follows:

FAQ
Frequently Asked Question
  • The global Surgical Sutures valued at USD 3716.76 Million in 2022 and is expected to reach USD 5704.06 Million in 2030 growing at a CAGR of 5.50%.

  • The prominent players in the market are Medtronic Plc (Ireland), Johnson & Johnson (US), Advanced Medical Solutions Group plc (UK), Internacional Farmacéutica S.A. de C.V.(Mexico), and B. Braun Melsungen (Germany), Smith & Nephew (UK), Boston Scientific Corporation (US), Peters Surgical (France), DemeTECH Corporation (US) and Surgical Specialties Corporation (US), Dolphin Sutures (India), Derma Sciences (US), Stryker Corporation (US), Healthium MedTech (India), CONMED Corporation (US), Sutcon Sutures(Indonesia), Zimmer Biomet (US), GPC Medical (India), Sutumed, CPT Sutures(India), Lotus Surgicals (India), Vital Sutures(US), Unilene (India), Mellon Medical B.V.(Netherlands), and Riverpoint Medical(US).

  • The market is project to grow at a CAGR of 5.50% between 2023 and 2030.

  • The driving factors of the Surgical Sutures include

    • rapid increase in the elderly population, technological advancements, and the growing number of surgical procedures across the world

  • North America was the leading regional segment of the Surgical Sutures in 2022.