According to Precedence Research, the global surgical sutures market size is expected to reach around US$ 6.4 billion by 2030 with a registered CAGR of 5.7% from 2022 to 2030.
According to Precedence Research, the global surgical sutures market size is expected to reach around US$ 6.4 billion by 2030 with a registered CAGR of 5.7% from 2022 to 2030.
The surgical sutures market growth can be attributed to a rise in surgical procedures due to an increasing number of cardiac diseases and orthopedic injuries, which occur due to the increasing geriatric population as well as the rising number of accidents. The lifestyle changes, growing healthcare expenditure, favorable reimbursement scenarios, and government support to improve the healthcare infrastructure are also significant factors contributing to the growth of the market.
Although the market may have witnessed a certain lag in terms of revenue during the pandemic, it is recovering at a decent pace and is expected to grow considerably during the forecast period. The lockdowns and changes in healthcare priorities have majorly affected the market in terms of demand. While the restrictions also affected the supply chain with limited manufacturing activities, travel restrictions disrupted the supply of raw materials as well as the final product.
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However, with the key players focusing on technological aspects to overcome similar challenges in the future, the market is expected to flourish and gain back its pre-COVID growth rate. Moreover, considering that the COVID-19 affected population is at a higher risk of developing diseases, there might be a rise in cardiac diseases among individuals. This may further lead to the surged demand for surgical sutures.
The market was negatively affected during the pandemic due to the postponement of many surgical procedures in response to control the spread of the COVID-19 virus. However, the market has begun to recover and the market leaders and healthcare professionals involved in providing the surgery service are focusing on technological advancement in order to optimize the workflow and carry out a higher number of surgeries as compared to pre-pandemic days
Report Highlights
- The absorbable segment held the largest revenue share of over 55.0% in 2021 owing to its ability to provide temporary support to wounds till it heals and can withstand normal stress. Moreover, the demand for absorbable sutures is continuously rising, which can be attributed to their ability to degrade naturally.
- Non-absorbable sutures accounted for a lower market share in comparison to absorbable sutures due to their inability to degrade or breakdown. These sutures are majorly used in the stressful internal environment where absorbable sutures are not able to fulfill the desired requirement.
- The multifilament segment dominated the market for surgical sutures with a revenue share of over 55.0% in 2021. The multifilament segment is also expected to witness the fastest growth during the forecast period. This can be attributed to advantages associated with the multifilament segment such as better pliability, high tensile strength, and flexibility.
- Monofilament sutures are difficult to handle and may cause crushing or crimping of the suture and lead to undesirable and premature suture failure during surgery due to their memory. The monofilament sutures are made up of materials such as monocryl, nylon, prolene, and polydioxanone.
- The others segment dominated the market for surgical sutures and held revenue share of over 35.0% in 2021. The cardiovascular surgery segment held the second-largest revenue share in 2021. This is owing to the high incidence of cardiac diseases, the presence of sufficient experts in the field, supportive reimbursement scenarios, and advancement in diagnostics.
- The orthopedic surgery segment emerged as the third-largest application segment in 2021 and is expected to witness lucrative growth over the forecast period. This is due to the growing number of road accidents that are leading to a rise in the number of orthopedic injuries
- The North American region dominated the market for surgical sutures in 2021 with a revenue share of over 40.0% owing to the presence of local and key players, high cost of sutures as compared to other regions, supportive reimbursement scenario, rising government programs, and developed healthcare infrastructure.
- Asia Pacific is expected to witness the fastest growth during the forecast period. This is due to the growing geriatric population base that is more likely to go under surgery and increase in government spending on the healthcare infrastructure to meet the unmet needs in this region.
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Key Players
- Covidien
- Ethicon US, LLC. (Johnson & Johnson Services, Inc.)
- B. Braun Melsungen AG
- Smith & Nephew
- Integra Lifesciences
- Peter Surgical
- Internacional farmaceutica
- CONMED CORPORATION
- Sutures India Pvt. Ltd.
Market Segmentation
- By Type
- Absorbable
- Non-absorbable
- By Filament
- Monofilament
- Multifilament
- By Application
- Ophthalmic Surgery
- Cardiovascular Surgery
- Orthopedic Surgery
- Neurological Surgery
- Others
- Regional
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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