Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 4137.82 Million | USD 7,505.45 Million | CAGR at 6.84% | 2023 |
According to the report published by Zion Market Research, the global Surgical Sutures Market size was valued at USD 4137.82 Million in 2023 and is predicted to reach USD 7,505.45 Million by the end of 2032. The market is expected to grow with a CAGR of 6.84% during the forecast period. The report analyzes the global Surgical Sutures Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Surgical Sutures Market industry.
Surgical suture is a medical device or equipment to stitch the coetaneous injury and close the surgical opening. It is used to stitch internal body organs after operation, blood vessels, skin, and all other different tissues of the human body. Sutures have the primary feature of being absorbable or non-absorbable, with various properties (such as, knot security and tensile strength) depending on the requirement and surgical procedure.
Surgical sutures consist of, absorbable sutures and non-absorbable sutures. The absorbable surgical sutures can be divided safely in tissue over time with no intrusion. The non-absorbable suture includes substance that is not metabolized by the genetic movements of the body tissue. These non-absorbable sutures can be detached by the medical doctors after the injury has healed. A surgical sutures material occupies synthetic materials and natural. Natural material consists of linen, silk, synthetic materials and catgut, consist of polylactic acid and polyglycolic acid.
Currently, the global surgical sutures market is fueled by rising aging population, growing occurrence of continual diseases, increasing healthcare expenses, burns growing number of surgeries and rising number of hospitals. On the other hand, rising demand for highly developed injury closure materials, slow growth in the product advancement in the surgical sutures and few draw back or side effects from surgical sutures play a major role as a most important blockade for this market.
Moreover, growing healthcare responsiveness, encouraging several government reimbursement policies are other aspects bolstering the market development. On the other hand, increased in competition among the key players and stringent regulations are the main hindrances controlling the market expansion.
The surgical sutures market is divided by application, product type, and region.
Based on product type, the market is widely divided into sutures and automated suturing devices. The sutures market controlled the market with a significant growth rate in the previous year and is anticipated to continue its supremacy in the years to come. Based on the type, the global sutures market is divided into absorbable & non-absorbable sutures. Absorbable sutures are broadly used in several surgeries, particularly for surgeries executed on internal body parts, as they are usually biodegradable and the body tissue get hydrolyzed after a definite period of time. This section accounts for the major share of the sutures market in the previous year and is anticipated to be the highest developing market in the coming years.
Based on the application, it is divided into orthopedic, cardiovascular, gynecological, general, ophthalmic, and other different surgeries. The common surgeries application section controlled the surgical sutures market in the previous year and is anticipated to continue this supremacy in the years to come.
Report Attributes | Report Details |
---|---|
Report Name | Surgical Sutures Market Research Report |
Market Size in 2023 | USD 4137.82 Million |
Market Forecast in 2032 | USD 7,505.45 Million |
Growth Rate | CAGR of 6.84% |
Number of Pages | 196 |
Key Companies Covered | Johnson & Johnson Inc., B. Braun Melsungen AG, Smith & Nephew plc, Demetech Corporation, Conmed Corporation, W.L. Gore & Associates, Boston Scientific Corporation, 3M Healthcare, Medtronic Inc., and Sutures India Pvt Ltd., Paul Hartmann AG, Kinetic Concepts, Inc., Endoevolution LLC, Internacional Farmaceutica S.A. De C.V., Molnlycke Healthcare, ConvaTec Inc., Coloplast Corporation, Hollister Incorporated, BSN Medical, and Urgo Medical. |
Segments Covered | By Application, By Product type and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Regionally, North America had the maximum market share in the global surgical sutures market. This is ascribed to the higher acceptance of technologically highly developed products such as antibacterial coated & absorbable sutures in the section, development in surgical methods with augment in prevalence of a variety of chronic diseases, and the expansion of the wound management segment. On the other hand, Asia-Pacific is projected to be the highest rising region due to its maximum patient population, cardiovascular diseases, patient suffering from diabetes, cancer, coronary thrombosis, and others.
In addition, South Korea, India, China, and other Asia-Pacific regions offer major growth prospects for the significant key players owing to better healthcare infrastructure, growth in healthcare knowledge, augmented disposable income, flow in demand for improved healthcare, and rising medicinal tourism industry.
The key players of the global surgical sutures market are:
By Application
By Product type
Global Surgical Sutures Market: Regional Segment Analysis
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