Detailed analysis of surgical sutures market

Surgical suture is one of the most frequent medical instruments use by surgeons. After a procedure or an accident, the suture aids in binding the tissues of the body together. The use of a needle and a connect thread is primarily require while applying a suture. Sutures come in two varieties: absorbable and non-absorbable. Non-absorbable sutures are made of synthetic material and are remove after a set amount of time, whereas absorbable sutures naturally degrade over time in the body.

The market for surgical sutures in 2021 was worth , and it will reach USD 6.97 billion by 2030, growing at a 6.23% CAGR during the forecast period.

The continual rise in surgical operations being conduct around the world is a major factor driving the market for surgical sutures. The introduction of improved sutures and the excellent reimbursement status for various surgical procedures are further driving this market’s expansion. However, the availability of alternative wound care management solutions and the rising popularity of minimally invasive operations are restraining market expansion.

Market Dynamics

Drivers

The market is fuel by various variables, including the growing desire for minimally invasive procedures, the expansion of surgical suture supply, and the rising number of procedures. 

Since the introduction of minimally invasive surgery, the percentage of cases requiring open surgery has steadily decreased (MIS). The demand for minimally invasive surgery has grown over time due to its many benefits over traditional open surgery, including smaller and fewer scars, less discomfort, shorter hospital stays and recovery times, lower costs, and overall superior results. Moreover, minimally invasive surgery is prefer by surgeons since it speeds up healing and lowers the chance of problems such as intestinal adhesions, wound dehiscence, and incisional hernia. As a result, the market for surgical suture is drive by the rise in demand for minimally invasive surgery.

Restraints

Topical skin adhesives, hemostatic and sealing agents, and wound closure tools can all be use in place of surgical sutures. The market expansion is limit by the availability of alternative wound care management options and the rising demand for minimally invasive procedures.

Opportunity 

In order to provide their citizens with access to proper healthcare facilities, several governments in emerging economies are attempting to ensure that health insurance is available to more people in their respective countries. These elements increase the likelihood that the suture market will expand globally in such economies.

Market Segmentation 

By Product

The absorbable sector maintained the greatest revenue share of over 55.0% in 2021. It is due to its capacity to temporarily sustain wounds until they heal and withstand typical stress. As a result, major market participants are spending money on R&D projects, which will likely contribute to the future expansion of the absorbable industry.

By Application

The others ruled the surgical suture market with a revenue share of more than 35.0% in 2021. The second-largest revenue share in 2021 belonged to the cardiovascular surgery sector. This is because cardiac disorders are prevalent, there are enough experts in the field, favorable reimbursement policies, and improvements in diagnostic technology. 

By End-User

In 2020, the hospital segment ruled the market with the largest share of nearly 74.75%. It is due to the rising elderly population, the favorable payment policies for hospital care, and the rising number of new hospitals, particularly in developing countries.

Regional Overview 

North America was the market leader in 2021, with the largest revenue share of 40.0%. It is due to the presence of local and major players, the high cost of sutures compared to other regions, the favorable reimbursement environment, expanding government programs, and the developed healthcare infrastructure. The significant revenue share of North America is also largely due to technological improvements and strong domestic wealth. 

Asia Pacific will be the fastest-growing market during the forecast period. This is because there are more elderly people, who are more prone to need surgery, and because the government is spending more money on the healthcare system to address the unmet needs in this area.

Key Players 

  • Mellon Medical B.V.
  • Surgical Specialities Corporation
  • EndoEvolution, LLC,
  • Sutures India
  • Peters Surgical
  • DemeTech Corporation
  • CONMED Corporation
  • Smith & Nephew
  • Teleflex Incorporated
  • Ethicon Inc.
  • Medtronic Plc.
  • Boston Scientific Corporation
  • B. Braun Melsungen AG

The market for surgical sutures in 2021 was worth USD 4.04 billion, and it will reach USD 6.97 billion by 2030, growing at a 6.23% CAGR during the forecast period. Factors boosting the surgical sutures market are the rising geriatric population and a growing number of surgeries worldwide. 

The ascent in medical care consumption by most nations and further developing medical services framework in arising economies are supposed to advance patient footfall. Likewise, mechanical headway by central members assists with starting more exact strategies, which builds the achievement pace of a medical procedure. This is additionally prompting the development of the market for careful stitches.
The absorbable fragment held the biggest income portion of more than 55.0% in 2021 attributable to its capacity to offer transitory help to wounds till it mends and can endure typical pressure. In addition, the interest for absorbable stitches is ceaselessly rising, which can be ascribed to their capacity to normally debase. Because of this, central members in the market are putting resources into Research and development exercises, as most would consider to be normal to assist the absorbable section with filling from now on.