Global Absorbable and Non-Absorbable Sutures Market, By Product Type (Automated Suturing Devices, Sutures), Surgery Type (Cardiovascular, Orthopedic, Gynecology, Opthalmology, General Surgery, Others), End Users (Hospitals, Ambulatory Centers, Clinics, Community Healthcare, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Data Bridge Market Research analyses that the absorbable and non-absorbable sutures market to be grow at a CAGR of 4.50% in the forecast period of 2022-2029.
Sutures are medical devices used in operations and are sometimes known as stitches or surgical threads. They are used in surgeries to connect the margins of a wound, allowing it to heal more quickly. These procedures can be performed on either the internal or external body systems to aid in the healing of various tissues. Different sutures are available in the market depending on the needs of the case, with variable thicknesses or materials depending on the procedure. The market for sutures is classified into two categories: absorbable and non-absorbable sutures. Sutures that are absorbable and non-absorbable are also known as absorbable and non-absorbable stitches, and they are sterilized surgical devices used to close wounds. These are typically used to close incisions that have occurred as a result of surgery. Non-absorbable sutures are not absorbed and absorbable sutures provide temporary wound support until the wound heals sufficiently enough to tolerate normal stress.
The rising prevalence of chronic disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies will accelerate the absorbable and non-absorbable sutures market’s growth rate. Furthermore, upsurge in the number of road accidents globally will act as a major factor influencing the growth of the market. Another significant factor influencing the growth rate of absorbable and non-absorbable sutures market is surging medical and health tourism in countries such as India and South Korea. In addition to this, other factors involving the rise in liver transplantation procedures, high return on investments involved with medical devices and increasing geriatric population will expand the market. Other important element is increasing focus of the manufacturers on using high quality materials which will act as major market driver and will further escalate the growth of market.
Moreover, growth in the availability and demand for health insurance and rising expenditure for the development of healthcare infrastructure especially in the developing economies will provide beneficial opportunities for the absorbable and non-absorbable sutures market growth.
However, high maintenance costs and lack of product innovations will impede the market growth rate. The dearth of skilled professionals in healthcare sector coupled with unfavourable reimbursement scenario will challenge the market. Additionally, increasing pricing pressure among the manufacturers and rising availability and demand for advanced wound closure materials will act market restraints and further hinder the growth rate of market.
This absorbable and non-absorbable sutures market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on absorbable and non-absorbable sutures market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Absorbable and Non-Absorbable Sutures Market Scope and Market Size
The absorbable and non-absorbable sutures market is segmented on the basis of product type, surgery type and end users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product type, the absorbable and non-absorbable sutures market is segmented into automated suturing devices and sutures. The automated suturing devices are further sub-segmented into disposable and reusable. The sutures are further sub-segmented into absorbable and non-absorbable. The absorbable under sutures is further categorized into natural and synthetic. The non-absorbable is further categorized into nylon, prolene and stainless steel.
- Absorbable and non-absorbable sutures market is segmented based on the surgery type into cardiovascular, orthopedic, gynecology, ophthalmology, general surgery and others.
- Based on end users, the absorbable and non-absorbable sutures market is segmented into hospitals, ambulatory centers, clinics, community healthcare and others.
Absorbable and Non-Absorbable Sutures Market Country Level Analysis
The absorbable and non-absorbable sutures market is analysed and market size insights and trends are provided by country, product type, surgery type and end users as referenced above.
The countries covered in the absorbable and non-absorbable sutures market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the absorbable and non-absorbable sutures market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the growing government investment for enhancement of healthcare infrastructure, the rise in the demand for efficient and minimal invasive surgery and technological advancements in this region. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period due to the increasing number of cases of chronic disorders and trauma surgeries in this region.
The country section of the absorbable and non-absorbable sutures market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The absorbable and non-absorbable sutures market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for absorbable and non-absorbable sutures market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the absorbable and non-absorbable sutures market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Global Absorbable and Non-Absorbable Sutures Market Share Analysis
The absorbable and non-absorbable sutures market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to absorbable and non-absorbable sutures market.
Some of the major players operating in the absorbable and non-absorbable sutures market are Thermo Fisher Scientific Inc., Siemens Healthcare GmbH, SeegeneInc, FastSense Diagnostics, Curetis., SolGent Co., Ltd, Mologic, Abbott, altona Diagnostics GmbH, F. Hoffmann-La Roche Ltd, QIAGEN, BioMaxima SA, CTK Biotech, Inc, VivaChek Biotech (Hangzhou) Co., Ltd., Sensing Self, PTE. Ltd, Hangzhou Biotest Biotech Co., Ltd., B. Braun Melsungen AG, Smith & Nephew, Integra LifeSciences Corporation., Boston Scientific Corporation, Medtronic, Surgical Specialties Corporation, and Zimmer Biomet, among others.