surgical-sutures-market

Surgical Sutures Market By Product (Dissolvable Sutures, Non Dissolvable Sutures), By Application (Orthopedic Surgeries, Cardiovascular Surgeries, Cosmetic Surgeries, General Surgeries, Opthalmic Surgeries, Gynecological Surgeries, Neurological Surgeries), By Usage Area (Hospitals, Ambulatory Centers, Private Clinics) - Growth, Future Prospects & Competitive Analysis, 2021 – 2029

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Surgical sutures are utilized to hold tissue together after surgery or injury to improve the natural recuperating process. They are normally utilized on the inner tissues, organs, blood vessels and skin. Surgical methodologies are receiving expanding consideration as an approach to take care of numerous general health issues faced worldwide. A surgical situation arises in any condition where the most possible powerful treatment is intercession requiring sutures, incision, and manipulation. At present, cardiovascular diseases and obesity are among the leading factors contributing to morbidity, mortality, and considerable costs in the U.S. According to the National Center for Health Statistics (U.S.), the quantity of surgical traumatic wound was around 50 Mn in 2008. The number is expected to grow as the quantity of surgeries rises. Around 80 percentage of traumatic and surgical wound utilize some type of closure items, for example, sutures. Growth in the number of orthopedic surgeries such as spinal fusion procedures and joint replacement; and cardiovascular surgeries like heart revascularization and open heart bypass surgeries are anticipated to boost the surgical sutures market.

This extent of study titled ‘Surgical Sutures Market – Growth, Future Prospects, and Competitive Analysis, 2021 – 2029’ presents business administrators, investors, and manufacturers with an exhaustive report helping them in outlining the roadmap related with foresight in the worldwide surgical sutures market; and to help them in taking collaborative decisions. The report explores and gives the most recent trends prevalent in the worldwide surgical sutures market, and the forecast and market size.

Surgical Sutures Market

This study comprises segments in forms of sutures types, applications, usage areas, and geographical division. By the type of sutures, this market is categorized into dissolvable and non-dissolvable sutures. On the basis of applications areas, this market is categorized into orthopedic surgeries, cardiovascular surgeries, cosmetic surgeries, general surgeries, ophthalmic surgeries, gynecological surgeries, neurological surgeries and others; and on the basis of usage areas, the global surgical sutures market is categorized into hospitals, ambulatory centers, and private clinics. Forecast and market size is done for these categories for the duration 2019-2029, in conjunction with specific CAGRs for the period 2021-2029.

The scope of report also comprises the elucidation of the above-mentioned market category for the period of 2019-2029 accompanying significant market evaluation for the specific countries in their country level market.

A comprehensive analysis is done associated to the market elements such as opportunities, drivers, and restraints are exhibited in the report, which clear up the recent drifts in the market. Different tools have been utilized for exhibiting the competitive scene and potential estimation of the market. The report also comprises the company profiling of the significant players who holds the strong position in the worldwide surgical sutures market. A portion of the main players in the global surgical sutures market are 3M Healthcare, B. Braun Melsungen AG, Internacional Farmaceutica S.A. De C.V., Endoevolution LLC,       Boston Scientific Corporation, Covidien plc, Demetech Corporation, Conmed Corporation, Ethicon, Inc.,          Sutures India Pvt Ltd., Teleflex Medical OEM,        SMI AG, Smith & Nephew, Johnson & Johnson Private Limited, Medtronic Inc., Unilene SAC, W. L. Gore & Associates and more.

Suture strings are made using various materials. The first sutures were produced using biological material, for example, silk and catgut suture. Present day sutures are manufactured, including the dissolvable polylactic corrosive, polydioxanone, monocryl, and poyglycolic corrosive and in addition the non-dissolvable nylon, PVDF, polypropylene, and polyster. The FDA initially permitted triclosan-coated sutures in 2002; they have been seemed to decrease the risk of wound infection. Sutures come in specific sizes and might be either dissolvable or non-dissolvable. Sutures must be adequately solid to grasp tissue safely; however, mostly ductile to be tied. They should be hypoallergenic and escape the “wick impact” that would permit fluid and thus contamination to infiltrate the body beside the suture tract. 

Surgery is a fundamental segment of healthcare frameworks. Moreover, earlier efforts to incorporate surgical services in health activities do not reflect the extent of surgical need and numerous health systems do not give fundamental interventions. The predominance of this segment is attributed to the expanding number of surgeries.

Surgical sutures are categorized into various categories on the basis of their applications areas, such as gynecological, general, cosmetic, ophthalmic, cardiovascular, neurological, orthopedics, and other surgeries. The application in cardiovascular surgeries dominates the surgical suture market in 2020 and is evaluated to continue its supremacy in the forecast period. Orthopedic and general surgeries segment is expected to flourish at the fastest rate followed by other application segments. Rising prevalence of cardiovascular disease patient have led to growth in number of cardiovascular surgeries, an expected 17.7 Mn individuals died from CVDs in 2019, representing 31% of all worldwide deaths. From these deaths, an expected 7.4 Mn were because of coronary heart disease and 6.7 Mn were from stroke. Expansion in the geriatric population pool around the globe and the rise in number of minimally invasive surgeries are amplifying the market for surgical sutures.

Among the considered usage areas, surgical sutures enjoy the largest application in hospitals followed by ambulatory centers. Higher affordability of hospitals in terms of purchase of surgical sutures, greater handling skills and higher cost to benefit ratio due to better patient footfall are the main factors driving the dominance of hospitals. It is further expected that due to increasing preference of patients for approaching specialized private clinics for requirements owing to faster turnaround times and better treatment outcomes, and increasing number of surgical procedures will uplift the demand for surgical sutures from private clinics during the forecast period. Therefore it is expected that the growth of private clinics segment will be greater than the global benchmark during the forecast period.

Geographically, the global surgical sutures market is composed of Latin America, Middle East & Africa, Europe, Asia Pacific, and North America.

North America holds the prime share in global surgical sutures market pursued by Asia Pacific, attributable to major reasons such as high prevalence of diseases linked with esophagus, liver, colon, stomach, and more in North America. High prevalence of cardiovascular diseases and obesity in top wage and higher middle pay nations was twofold in excess than that of low and lower middle wage nations.

The surgical sutures market is basically determined by expanding demand because of demonstrated clinical results and accessibility of an extensive variety of suture materials for particular procedure uses. Expanding institutional buy in the U.S. and developing surgical procedures in orthopedic, endoscopy, laparoscopic surgeries and cardiovascular surgeries are anticipated to boost the market in the upcoming time. Over the span of forecast period 2021 – 2029, Asia Pacific is seen as the quickest developing region because of key driving elements; for example, rising prevalence of cardiovascular surgeries, obesity surgeries, and evolving healthcare expenditure.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Surgical Sutures market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Surgical Sutures market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
Segmentation
Product
  • Dissolvable Sutures
  • Non Dissolvable Sutures

Application
  • Orthopedic surgeries
  • Cardiovascular surgeries
  • Cosmetic surgeries
  • General surgeries
  • Opthalmic surgeries
  • Gynecological surgeries
  • Neurological surgeries
  • Others

Usage Area
  • Hospitals
  • Ambulatory Centers
  • Private Clinics

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Surgical Sutures market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Surgical Sutures market?
  • Which is the largest regional market for Surgical Sutures market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Surgical Sutures market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Surgical Sutures market worldwide?
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