Global Sutures Market, By Product Type (Suture Threads, Automated Suturing Devices), Type (Multifilament Sutures, Monofilament Sutures), Form (Natural, Synthetic), Application (Cardiovascular Surgery, General Surgery, Gynecological Surgery, Orthopedic Surgeries, Ophthalmic Surgery, Cosmetic and Plastic Surgery, Neurological Surgery, Other Applications), End User (Hospitals, Ambulatory Surgical Centers, Clinics and Physician Offices) – Industry Trends and Forecast to 2029.
Global Sutures Market Analysis and Size
In recent years, the number of surgical procedures has risen worldwide. According to the WHO's 2016 report, the global surgical rate was predicted to be 4,469 operations per 100,000 people per year, with vehicle accidents and related trauma being the most common cause of surgical treatment. Moreover, the growth determinants such as availability of advanced technologies and growing procedural safety, which increase the popularity of these procedures across the globe further leads to a significant growth opportunity to players in the surgical sutures market. Consequently, the market is projected to show substantial growth over the forecasted period.
- Global Sutures Market was valued at USD 3.7 billion in 2021 and is expected to reach USD 6.12 billion by 2029, registering a CAGR of 6.5% during the forecast period of 2022-2029. The "suture threads" accounts for the largest pathogen segment in the sutures market within the forecasted period due to the greater preference for suture threads for the wound closure and their relatively more economic viability. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Global Sutures Market Definition
The suture is one of doctors' most common medical devices during surgery. After an accident or surgery, a suture keeps the body's tissues together by maintaining their structural integrity or holding them together as required. A needle and a connected thread are typically used to perform a suture. Medical practitioners now generally utilize surgical sutures of various sizes, shapes, and thread materials, depending on the intricacy of the surgery to be conducted.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Billion, Volumes in Units, Pricing in USD
By Product Type (Suture Threads, Automated Suturing Devices), Type (Multifilament Sutures, Monofilament Sutures), Form (Natural, Synthetic), Application (Cardiovascular Surgery, General Surgery, Gynecological Surgery, Orthopedic Surgeries, Ophthalmic Surgery, Cosmetic and Plastic Surgery, Neurological Surgery, Other Applications), End User (Hospitals, Ambulatory Surgical Centers, Clinics and Physician Offices)
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
Market Players Covered
Johnson & Johnson Private Limited (U.S.), Medtronic (Ireland), B. Braun Melsungen AG (Germany), Smith+Nephew (U.K), Boston Scientific Corporation (U.S.), BD (U.S.), DemeTECH Corporation (U.S.) Peters Surgical (France), Siemens (Germany), DemeTECH Corporation (U.S.), Thermo Fisher Scientific Inc., (U.S.), Apollo Endosurgery, Inc. (U.S.), Corza Medical (U.S.), Ergon Sutramed S.r.l. (Italy), CONMED Corporation (U.S.), Zimmer Biomet (U.S.), W. L. Gore & Associates, Inc. (U.S.) Integra LifeSciences Corporation (U.S.), Medline Industries, Inc. (U.S.) and Mellon Medical B.V. (Netherlands)
Sutures Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Growing Surgical Procedures
The increasing number of surgical procedures is the most significant factor driving the growth for this market. Moreover, the aging population is at a higher risk of chronic diseases and conditions and requires frequent surgeries are also expected to accelerate the overall growth of the market.
Moreover, the rise in popularity of cosmetic surgeries also cushions the market's growth within the forecasted period. Furthermore, the expanding healthcare sector along with the favorable reimbursement scenario are also expected to fuel market growth. The increase in awareness about novel surgeries combined with the increased cosmetic and aesthetic procedures across the globe is also projected to bolster the market's growth.
- The Advancements of Sutures
Moreover, the launch of advanced sutures along with growth in personalized medications are estimated to generate lucrative opportunities for the market. The development of advanced sutures such as film coated sutures will further offer numerous growth opportunities for the market.
Restraints/Challenges Global Sutures Market
- Availability of Alternatives
The surgical sutures can be replaced by topical skin adhesives, hemostatic and sealing agents (such fibrin sealants, surgical sealants, gelatin-based sealants, human fibrinogen, and thrombin fleeces), and wound closure devices (such as stapling devices, ligating clips, and wound closure strips). The presence of alternative wound care management products and the growing preference for minimally invasive surgeries are expected to obstruct market growth.
- Unfavourable Reimbursement Scenarios
Also, the unfavorable reimbursement scenarios are projected to challenge the sutures market in the forecast period of 2022-2029.
This 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 localized 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 the 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.
Post Covid-19 Impact on Sutures Market
Healthcare industry was largely impacted by the outbreak of COVID-19. The medical devices industry accounts for 60–75% of the overall medical devices market, will experience stagnation or a steep decline in growth rate and the first and second quarters of 2021 as a result of the COVID-19 outbreak. The imposition of lockdown restriction by government authorities led to various travel restrictions, which had an impact on supply chain and hampered the market growth. Moreover, due to the temporary shutdown of manufacturing plants in locations affected by COVID-19 or travel restrictions affecting shipments, there have been medical equipment supply shortages. Furthermore, fewer general surgical procedures have a negative impact on the surgical sutures industry. Patients with COVID-19 are predicted to rush to dedicate valuable resources to manage these patients, forcing elective procedures to be cancelled.
In contrast to other medical devices, the sutures (which are regarded a component of the surgical consumables area) do not exhibit a significant revenue shift. This is because suture supplies are in short supply during surgical procedures. The pandemic led to a decline in surgical procedures and is estimated to increase in the first quarter of 2021, which is expected to have a limited impact on market growth.
However, with gradual decrease in the disease and shift in demand for medical devices has compelled the market's major players to plan their manufacturing capabilities, concentrate on new product development, and provide optimal supply chain strategies focused on COVID-19 requirements. The market is projected to grow at a CAGR of 5.8–6.2% post COVID-19.
- In September 2020, Smith+Nephew, a worldwide medical technology company, announced the introduction of its NOVOSTITCH PRO Meniscal Repair System in Europe. The NOVOSTITCH PRO Meniscal Repair System provides meniscal repair choices to about 600,0001 European patients each year who previously only had the option of having their menisci removed. The NOVOSTITCH PRO Meniscal Repair System was created to allow surgeons to repair more meniscal tears and bridge the gap after a meniscectomy.
- In December 2020, the Zimmer Biomet acquired A&E Medical Corporation, a Vance Street Capital Portfolio Company, and its sternal closure portfolio. The transaction was finalised for $150 million at close, with the remaining $100 million payable in cash in 2021.
Global Sutures Market Scope
The sutures market is segmented on the basis of product type, type, form, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Suture Threads
- Automated Suturing Devices
On the basis of product type, the sutures market is segmented into suture threads and automated suturing devices. Suture threads have further been segmented into absorbable sutures and non-absorbable sutures. Absorbable sutures are further sub-segmented into synthetic sutures and natural sutures. Synthetic sutures are also further sub-segmented into polyglactin 910 sutures, poliglecaprone 25 sutures, polydioxanone sutures, polyglycolic acid sutures and other synthetic sutures. Non-absorbable sutures are further sub-segmented into nylon sutures, prolene sutures, stainless steel sutures, and other non-absorbable sutures. Automated suturing devices have further been segmented into disposable automated suturing devices and reusable automated suturing devices. The suture threads segment account for the largest market share of 82.6% within market. The large share of this segment can be attributed primarily due to the greater preference for suture threads for the wound closure and their relatively more economic viability.
- Multifilament Sutures
- Monofilament Sutures
On the basis of type, the sutures market is segmented into multifilament sutures and monofilament sutures.
On the basis of form, the sutures market is segmented into natural and synthetic.
- Cardiovascular Surgery
- General Surgery
- Gynecological Surgery
- Orthopedic Surgeries
- Ophthalmic Surgery
- Cosmetic and Plastic Surgery
- Neurological Surgery
- Other Applications
On the basis of application, the sutures market is segmented into cardiovascular surgery, general surgery, gynecological surgery, orthopedic surgeries, ophthalmic surgery, cosmetic and plastic surgery, neurological surgery and other applications.
- Ambulatory Surgical Centers
- Clinics and Physician Offices
On the basis of end user, the sutures market is bifurcated into hospitals, ambulatory surgical centers and clinics and physician offices.
Sutures Market Regional Analysis/Insights
The sutures market is analyzed and market size insights and trends are provided by country, product type, type, form, application and end user as referenced above.
The countries covered in the 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 sutures market because of the rising prevalence of lifestyle diseases, increased per capita healthcare expenditure, presence, and major players within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising prevalence of surgical procedures, increasing personal disposable income along with the developing healthcare infrastructure within the region.
The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 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 sutures market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the sutures market. The data is available for historic period 2010-2020.
Competitive Landscape and Sutures Market Share Analysis
The 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 sutures market.
Some of the major players operating in the sutures market are
- Johnson & Johnson Private Limited (U.S.)
- Medtronic (Ireland)
- B. Braun Melsungen AG (Germany)
- Smith+Nephew (U.K)
- Boston Scientific Corporation (U.S.)
- BD (U.S.)
- DemeTECH Corporation (U.S.)
- Peters Surgical (France)
- Siemens (Germany)
- DemeTECH Corporation (U.S.)
- Thermo Fisher Scientific Inc., (U.S.)
- Apollo Endosurgery, Inc. (U.S.)
- Corza Medical (U.S.)
- Ergon Sutramed S.r.l. (Italy), CONMED Corporation (U.S.)
- Zimmer Biomet (U.S.)
- W. L. Gore & Associates, Inc. (U.S.)
- Integra LifeSciences Corporation (U.S.)
- Medline Industries, Inc. (U.S.)
- Mellon Medical B.V. (Netherlands)
Research Methodology : Global Sutures Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-sutures-market
Customization Available : Global Sutures Market
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