Surgical Sutures Market to be Worth $4.42 Billion by 2030
Added: (Wed Nov 22 2023)
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Meticulous Research®—a leading market research company, published a research report titled, ‘Surgical Sutures Market by Type [Absorbable {Polyglactin, Polydioxanone, Poliglecaprone, Collagen} Nonabsorbable {Polypropylene, Nylon, Silk}] Structure [Monofilament, Multifilament] Coating [Uncoated, Antimicrobial] Application - Global Forecast to 2030.’
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According to this latest publication from Meticulous Research®, the surgical sutures market is projected to reach $4.42 billion by 2030, at a CAGR of 4.1% from 2023 to 2030. Advancements in sutures and wound closure technologies and the increasing number of surgical practices are driving the growth of this market. In addition, growing healthcare infrastructure in developing countries will likely offer better growth opportunities for market expansion. However, the availability of alternative wound care products and the increasing popularity of minimally invasive surgeries is expected to restrain the market's growth to some extent.
Surgical Sutures Market: Future Outlook
The surgical sutures market is segmented by Type [Absorbable Sutures {Synthetic Sutures (Polyglactin 910 (Vicryl), Poliglecaprone 25 (MONOCRYL), Polydioxanone (PDS), Polyglycolic Acid), Natural Sutures (Collagen Fiber Suture), Other Absorbable Sutures}, Nonabsorbable Sutures {Synthetic Sutures (ETHIBOND EXCEL Polyester Suture, Polypropylene (Prolene)), Natural Sutures (Nylon (polyamide), Silk, Stainless Steel), Other Nonabsorbable Sutures}, Structure [Monofilament Sutures, Multifilament/Braided Sutures], Coating Type [Uncoated Sutures, Antimicrobial Sutures], Application [Cardiovascular Surgery, Orthopedic Surgery, Neurosurgery, Gynecological Surgery, Cosmetic & Plastic Surgery, Ophthalmic Surgery, General Surgery, Other Applications], End User (Hospitals/Clinics, Ambulatory Surgical Centers, Other End Users], and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).
Based on the type, in 2023, the absorbable sutures segment is expected to account for the largest share of the surgical sutures market. The large market share of this segment is attributed to advancements in surgical sutures and higher tensile strength. Absorbable sutures are generally used for deep wound closure. It provides an anti-inflammatory effect and does not require removal, minimizing additional wound trauma.
Based on structure, in 2023, the multifilament/braided sutures segment is expected to account for the largest share of the surgical sutures market. Multifilament sutures are made up of twisted filaments, providing pronounced strength and flexibility. Due to its higher friction coefficient, multifilament suture material typically has great strength and provides excellent knot safety.
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Based on the coating type, in 2023, the antimicrobial sutures segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the need to prevent surgical site infections, an increase in surgical procedures, favorable reimbursement policies, and a rising geriatric population.
Based on application, the surgical sutures market is segmented into cardiovascular surgery, orthopedic, neurosurgery, gynecological surgery, cosmetic & plastic surgery, ophthalmic surgery, general surgery, and other applications. The orthopedics surgery segment is expected to account for the largest share of the surgical sutures market. The rising prevalence of musculoskeletal disorders and the increasing number of related surgical procedures, the rising geriatric population, and the higher adoption of advanced surgical procedures are the major factors driving the growth of this segment.
Based on end user, in 2023, the hospitals/clinics segment is expected to account for the largest share of the surgical sutures market. This segment's large market share is attributed to the rise in the number of patient visits to hospitals owing to the significant rise in spending on health and the number of hospitals.
Based on geography, in 2023, North America is expected to account for the largest share of the surgical sutures market. The presence of several key market players, a large number of surgical procedures, high adoption of advanced plus sutures, and advanced healthcare systems in North America support the large share of this market.
Key Players:
The key players profiled in the surgical sutures market report are Ethicon, Inc. (U.S.) (A subsidiary of Johnson & Johnson Services, Inc.), B. Braun SE (Germany), Medtronic (Ireland), Smith & Nephew plc (U.K.), Surgical Specialties Corporation (U.S.), CONMED Corporation (U.S.), Mellon Medical B.V. (Netherlands), DemeTECH Corporation (U.S.), Apollo Endosurgery, Inc. (U.S.), Teleflex Incorporated (U.S.), Kono Seisakusho Co.,Ltd. (Japan), Zimmer Biomet Holdings (U.S.), Stryker Corporation (U.S.), Boston Scientific Corporation (U.S.), Advanced MedTech Solutions Pvt. Ltd. (India), and Peters Surgical (India).
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Key questions answered in the report-
• Which are the high-growth market segments in terms of type, structure, coating type, application, end user, and geography?
• What was the historical market for surgical sutures across the globe?
• What are the market forecasts and estimates for the period 2023–2030?
• What are the major drivers, restraints, and opportunities in the surgical sutures market?
• Who are the major players in the surgical sutures market?
• How is the competitive landscape, and who are the market leaders in the surgical sutures market?
• What are the recent developments in the surgical sutures market?
• What are the different strategies adopted by the major players in the surgical sutures market?
• What are the geographic trends and high-growth regions/countries?
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