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Global Surgical Sutures Market Analysis by Product, Material, Application, End User, Region and segments forecast till 2033
Market Overview
The global surgical sutures market is presently worth USD 4,400 million and is poised to amplify at a CAGR of 5.8% over 2023-2033, thereby amassing a valuation of USD 6,500 million by end of the assessment timeframe.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 4,400 million |
Market Forecast in 2033 | USD 6,500 million |
CAGR % 2023-2033 | 5.8% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more |
Key Companies | Assut Medical S.r.L, B. Braun Melsungen AG, Boston Scientific Corporation, Centenial Surgical Suture Ltd., CONMED Corporation, DemeTech Corporation, Ethicon Inc., Internacional Farmacutica S.A. De C.V., Johnson & Johnson, Medtronic Plc., Mellon Medical B.V., Peters Surgical, Smith & Nephew Plc., Surgical Specialties Corporation, Sutures India Pvt. Ltd., Arthrex, Inc., and Teleflex Incorporated |
Global Surgical Sutures Market- Description
A surgical suture is referred to as a type of medical equipment that is predominantly used during surgeries or in case of wounds and injuries to hold the body tissues together. These sutures are applied with the help of a needle along with an attached thread piece. They are generally made up of nylon, special silk, or synthetics like polyester. Sutures are removed by the injured or wounded area once it is completely healed. They are also used by medical professionals to heal surgery incisions along with wounds caused by ulcers.
The rising number of surgeries worldwide, increasing prevalence of road accidents, and growing prevalence of chronic disorders are primarily aiding the expansion of this market vertical. Additionally, surge in the geriatric population base, increasing popularity of cosmetic surgeries, and escalating demand for efficient healthcare facilities worldwide are creating lucrative opportunities for the industry vertical to prosper.
Also, shifting inclination of the masses towards minimally invasive surgical procedures and growing focus of key players to develop efficient products in the field are positively swaying the dynamics of this business sphere. Moreover, the rising use of bio-friendly medical equipment to meet sustainability goals is adding momentum to the progression of this industry. On the contrary, availability of suitable substitutes in the wound management sector is hindering the remuneration scope of this marketplace.
Global Surgical Sutures Market- Key trends
Growing number of surgical procedures to aid industry expansion
There has been a rising prevalence of chronic and infectious ailments which requires the patients to go through surgeries. Moreover, severe injuries induced by road accidents and other mishaps also require surgical intervention. It is evident that surgical sutures are quite effective in holding the body tissues together which in turn facilitates the faster healing of injuries, wounds, and surgical incisions. This is turn is adding traction to the development of this business sphere.
Rise in the elderly population base to bolster market growth
The geriatric population is highly susceptible to chronic disorders and other major ailments. This is due to the fact that the body starts losing its immunity and healing power with age. There has been a steep rise in the number of surgeries performed on elderly individuals. These factors are augmenting the outlook of this market vertical.
Global Surgical Sutures Market- Segmental assessment
By Product
Automated Suturing Devices
oDisposable
oReusable
Sutures
oAbsorbable
oNon-absorbable
The sutures segment is poised to amass notable gains over 2022-2030 owing the ability of sutures to quickly heal wounds.
By Material
Monofilament
Multifilament
By Application
Cardiovascular Surgeries
General Surgeries
Gynecological Surgeries
Orthopedic Surgeries
Ophthalmic Surgeries
Other Surgeries
By End User
Hospitals
Advancing Surgical Care
Veterinary Hospitals
Specialty Clinics
Others
The hospitals segment is expected to generate significant returns over the stipulated timeline due to the presence of skilled medical professionals within hospital premises.
Global Surgical Sutures Market- Geographical landscape
The major regions influencing the growth matrix of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, North America is expected to lead the market in terms of revenue share over the forecast period. This is attributable to the increasing healthcare expenditure, rise in the geriatric population base, and surge in the number of surgeries across the region.
Global Surgical Sutures Market- Recent Developments
Notably, in September 2020, Smith & Nephew announced the launch of its automated suturing device range named NOVOSTITCH PRO Meniscal Repair System.
Global Surgical Sutures Market: Company Profile
Assut Medical S.r.L
B. Braun Melsungen AG
Boston Scientific Corporation
Centenial Surgical Suture Ltd.
CONMED Corporation
DemeTech Corporation
Ethicon Inc.
Internacional Farmacutica S.A. De C.V.
Johnson & Johnson
Medtronic Plc.
Mellon Medical B.V.
Peters Surgical
Smith & Nephew Plc.
Surgical Specialties Corporation
Sutures India Pvt. Ltd.
Arthrex, Inc.
Teleflex Incorporated.
Others
Global Surgical Sutures Market: Regional Scope
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
South Africa
Rest of Middle East and Africa
Why to buy this Report?
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Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in the market.
Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.
Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.
1. Global Surgical Sutures Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Surgical Sutures Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years 2020 to 2021
1.3.2. Projected Data Reporting Years 2022 to 2033
1.3.3. Reporting Data Parameters Value (US$ Million)
1.4. Global Surgical Sutures Market Scope and Market Estimation
1.4.1. Global Surgical Sutures Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Surgical Sutures Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Surgical Sutures Market Segmentation
1.5.1. Product of Global Surgical Sutures Market
1.5.2. Material of Global Surgical Sutures Market
1.5.3. Application of Global Surgical Sutures Market
1.5.4. End-user of Global Surgical Sutures Market
1.5.5. Key Regions of Global Surgical Sutures Market
2. Global Surgical Sutures Market - Executive Summary
2.1. Global Surgical Sutures Market Summary & Snapshot
2.2. Global Surgical Sutures Market, By Product (US$ Million)
2.3. Global Surgical Sutures Market, By Material (US$ Million)
2.4. Global Surgical Sutures Market, By Application (US$ Million)
2.5. Global Surgical Sutures Market, By End-user (US$ Million)
2.6. Global Surgical Sutures Market, By Geography (US$ Million)
2.7. Global Surgical Sutures Market Outlook & Future Opportunities
3. Surgical Sutures Market Trends, Outlook, and Factors Analysis
3.1. Global Surgical Sutures Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Surgical Sutures Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Surgical Sutures Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Rising number of surgical procedures and increasing prevalence of chronic diseases.
3.2.1.2. increasing the medical tourism business, lowering regulatory barriers, and enhancing healthcare infrastructure
3.2.1.3. Driver 3
3.2.1.4. Driver 4
3.2.2. Restraints
3.2.2.1. Few drawbacks such as cross-hatched marks expected to obstruct the market in coming years.
3.2.2.2. Restraint 2
3.2.2.3. Restraint 3
3.2.3. Opportunities
3.2.3.1. The worldwide surgical sutures market is predicted to expand favorably due to a fast growing older population and an increase in the frequency of chronic illnesses.
3.2.3.2. Opportunity 2
3.2.3.3. Opportunity 3
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porters Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Surgical Sutures Market
3.8. Key Investment Pockets of Surgical Sutures Market
3.8.1. By Product
3.8.2. By Material
3.8.3. By Application
3.8.4. By End-user
3.8.5. By Regions
4. Global Surgical Sutures Market: Estimates & Historic Trend Analysis (2019 to 2021)
4.1. Global Surgical Sutures Market, 2020 2021 (US$ Million)
4.2. Global Surgical Sutures Market, By Product (US$ Million)
4.3. Global Surgical Sutures Market, By Material (US$ Million)
4.4. Global Surgical Sutures Market, By Application (US$ Million)
4.5. Global Surgical Sutures Market, By End-user (US$ Million)
4.6. Global Surgical Sutures Market, By Region, 2020 to 2021 (US$ Million)
5. Global Surgical Sutures Market Estimates & Forecast Trend Analysis, by Product
5.1. Global Surgical Sutures Market Share (%) Estimates and Forecasts, by Product, 2022 & 2033
5.2. Global Surgical Sutures Market Revenue (US$ Million) Estimates and Forecasts, by Product, 2022 to 2033
5.2.1. Automated suturing devices
5.2.1.1. Disposable
5.2.1.2. Reusable
5.2.2. Sutures
5.2.2.1. Absorbable Sutures
5.2.2.2. Non-Absorbable Sutures
6. Global Surgical Sutures Market Estimates & Forecast Trend Analysis, by Material
6.1. Global Surgical Sutures Market Share (%) Estimates and Forecasts, by Material, 2022 & 2033
6.2. Global Surgical Sutures Market Revenue (US$ Million) Estimates and Forecasts, by Material, 2022 to 2033
6.2.1. Monofilament
6.2.2. Multifilament
7. Global Surgical Sutures Market Estimates & Forecast Trend Analysis, by Application
7.1. Global Surgical Sutures Market Share (%) Estimates and Forecasts, by Application, 2022 & 2033
7.2. Global Surgical Sutures Market Revenue (US$ Million) Estimates and Forecasts, by Application, 2022 to 2033
7.2.1. Cardiovascular Surgeries
7.2.2. General Surgeries
7.2.3. Gynecological Surgeries
7.2.4. Orthopedic Surgeries
7.2.5. Ophthalmic Surgeries
7.2.6. Other Surgeries
8. Global Surgical Sutures Market Estimates & Forecast Trend Analysis, by End-user
8.1. Global Surgical Sutures Market Share (%) Estimates and Forecasts, by End-user, 2022 & 2033
8.2. Global Surgical Sutures Market Revenue (US$ Million) Estimates and Forecasts, by End-user, 2022 to 2033
8.2.1. Hospitals
8.2.2. Advancing Surgical Care
8.2.3. Veterinary Hospitals
8.2.4. Specialty Clinics
8.2.5. Others
9. Global Surgical Sutures Market Analysis and Forecast, by Region
9.1. Global Surgical Sutures Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
9.2. Global Surgical Sutures Market Revenue (US$ Million) Estimates and Forecasts, by Region, 2022 to 2033
9.2.1. North America
9.2.2. Europe
9.2.3. Asia Pacific
9.2.4. Middle East and Africa
9.2.5. South America
10. North America Surgical Sutures Market: Estimates & Forecast Trend Analysis
10.1. North America Surgical Sutures Market Assessments & Key Findings
10.2. North America Surgical Sutures Market Share (%) Estimates and Forecasts, 2022 & 2033
10.3. North America Surgical Sutures Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
10.3.1. By Product
10.3.2. By Material
10.3.3. By Application
10.3.4. By End-users
10.3.5. By Major Country
10.3.5.1. The U.S.
10.3.5.2. Canada
11. Europe Surgical Sutures Market: Estimates & Forecast Trend Analysis
11.1. Europe Surgical Sutures Market Assessments & Key Findings
11.2. Europe Surgical Sutures Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. Europe Surgical Sutures Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
11.3.1. By Product
11.3.2. By Material
11.3.3. By Application
11.3.4. By End-users
11.3.5. By Major Country
11.3.5.1. Germany
11.3.5.2. The U.K.
11.3.5.3. France
11.3.5.4. Italy
11.3.5.5. Spain
11.3.5.6. Russia
11.3.5.7. Rest of Europe (includes all other European countries)
12. Asia Pacific Surgical Sutures Market: Estimates & Forecast Trend Analysis
12.1. Asia Pacific Surgical Sutures Market Assessments & Key Findings
12.2. Asia Pacific Surgical Sutures Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Asia Pacific Surgical Sutures Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
12.3.1. By Product
12.3.2. By Material
12.3.3. By Application
12.3.4. By End-users
12.3.5. By Major Country
12.3.5.1. China
12.3.5.2. Japan
12.3.5.3. India
12.3.5.4. ASEAN
12.3.5.5. South Korea
12.3.5.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
13. Middle East & Africa Surgical Sutures Market: Estimates & Forecast Trend Analysis
13.1. Middle East & Africa Surgical Sutures Market Assessments & Key Findings
13.2. Middle East & Africa Surgical Sutures Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. Middle East & Africa Surgical Sutures Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
13.3.1. By Product
13.3.2. By Material
13.3.3. By Application
13.3.4. By End-users
13.3.5. By Major Country
13.3.5.1. GCC
13.3.5.2. South Africa
13.3.5.3. Egypt
13.3.5.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
14. South America Surgical Sutures Market: Estimates & Forecast Trend Analysis
14.1. South America Market Assessments & Key Findings
14.2. South America Surgical Sutures Market Share (%) Estimates and Forecasts, 2022 & 2033
14.3. South America Surgical Sutures Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
14.3.1. By Product
14.3.2. By Material
14.3.3. By Application
14.3.4. By End-users
14.3.5. By Major Country
14.3.5.1. Brazil
14.3.5.2. Mexico
14.3.5.3. Rest of South America (includes all other South America countries)
15. Competitive Landscape
15.1. Surgical Sutures Market Revenue Share Analysis (%), by Major Players (2021)
15.2. Surgical Sutures Market Competition Matrix, by Leading Players
15.3. Surgical Sutures List of Emerging, Prominent and Leading Players
15.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
16. Company Profiles
16.1. Arthrex Inc.
16.1.1. Company Overview & Insights
16.1.2. Financial Performance
16.1.3. Product / Service Portfolio
16.1.4. Geographical Footprint & Share
16.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
16.2. Assut Medical S.r.L
16.3. B. Braun Melsungen AG
16.4. Boston Scientific Corporation
16.5. Centenial Surgical Suture Ltd
16.6. CONMED Corporation
16.7. DemeTech Corporation
16.8. Ethicon Inc.
16.9. Internacional Farmacutica S.A. De C.V.
16.10. Johnson & Johnson
16.11. Medtronic Plc.
16.12. Mellon Medical B.V.
16.13. Peters Surgical
16.14. Smith & Nephew Plc.
16.15. Surgical Specialties Corporation
16.16. Sutures India Pvt. Ltd
16.17. Teleflex Incorporated
16.18. Others
17. Assumptions and Research Methodology
17.1. Data Mining
17.2. Secondary Research
17.3. Primary Research
17.4. Subject Matter Expert Advice
17.5. Quality Check
17.6. Final Review
17.7. Data Triangulation
17.8. Bottom-Up Approach
17.9. Top Down Approach
17.10. Research Flow
17.11. Key Insights from Industry Experts
17.12. Data Sources
17.13. Assumptions
17.14. Limitations
18. Conclusions and Recommendations
18.1. Key Research Findings and Conclusion
18.2. Key Insights & Recommendations from Analysts