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Global Surgical Sutures Market Size study & Forecast, by Product, by Type, by Application, by End User and Regional Analysis, 2023-2030

Global Surgical Sutures Market Size study & Forecast, by Product,...

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Global Surgical Sutures Market Size study & Forecast, by Product, by Type, by Application, by End User and Regional Analysis, 2023-2030
Global Surgical Sutures Market Size...
Report Code
RO1/103/3145

Publish Date
26/Sep/2024

Pages
200
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Global Surgical Sutures Market is valued at approximately USD 3.76 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.4% over the forecast period 2023-2030. Surgical sutures, also known as stitches, are medical devices used to hold body tissues together after surgery or injury. They play a crucial role in wound closure and healing by bringing the edges of the wound together, promoting tissue alignment, and reducing the risk of infection. The Surgical Sutures Market is expanding because of factors such as the rising aging population and the increasing number of road accidents. The choice of suture depends on factors such as the type of surgery, the patient's health, and the specific requirements of the wound. Surgeons consider factors such as tissue type, location, and tension when selecting the appropriate suture material and technique for optimal wound healing. As a result, the demand for Surgical Sutures has progressively increased in the international market during the forecast period 2023-2030.

Aging is associated with changes in tissue structure and function. Older individuals have tissues that are more fragile and prone to delayed healing. Surgical sutures play a critical role in supporting the healing process by bringing tissues together and providing mechanical support. According to the World Health Organization indicate that the global population aged 60 and above is expected to double to around 2.1 billion by 2050. Moreover, those aged 80 and beyond are anticipated to triple between 2020 and 2050, reaching a staggering 426 million. Another important factor that drives the Surgical Sutures Market is the increasing number of road accidents. Road accidents can cause a variety of soft tissue injuries, such as those affecting the skin, muscles, and blood vessels. Sutures are essential for the closure of these soft tissue injuries, aiding in the restoration of tissue integrity and preventing infections. In addition, as per the World Health Organization, Road traffic injuries claim the lives of a significant number of children and young adults, emerging as the primary cause of death for individuals aged 5-29 years. Each year, approximately 1.3 million people lose their lives due to road traffic crashes. Moreover, the growing prevalence of chronic disease and the emerging trend of minimally invasive cosmetic is anticipated to create lucrative growth opportunities for the market over the forecast period. However, the high cost associated with Surgical Sutures and lack of skilled professionals is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Surgical Sutures Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the Stringent regulations that can drive innovation by encouraging the development of safer and more effective suture materials and techniques, ensuring patient safety and product reliability in the region. In addition, a well-established healthcare infrastructure ensures access to quality surgical care, fostering the demand for advanced and reliable surgical sutures. The region's dominant performance is anticipated to propel the overall demand for Surgical Sutures. Furthermore, Asia Pacific is expected to grow fastest over the forecast period, owing to factors such as the growing prevalence of preventive and elective surgeries, including cosmetic procedures, contributing to the overall demand for surgical sutures in the region.

Major market player included in this report are:
Ethicon, Inc
Medtronic Plc
Advanced Medical Solutions Group Plc
Healthium MedTech Limited
Boston Scientific Corporation
DemeTECH Corporation
Zimmer Biomet Holdings, Inc
Stryker Corporation
Smith & Nephew Plc
Conmed Corporation
Recent Developments in the Market:
In January 2023, Able Medical Devices unveiled its latest innovation, the Valkyrie Looped Sternotomy Sutures, designed for securely closing a patient's chest following open-heart surgery. These stainless-steel looped wire sutures represent a advancement over conventional wire sutures. The Valkyrie Looped Suture boasts double the surface area of single wires, leading to a more robust sternal closure. Available in two different sizes and equipped with three distinct needle configurations, these sutures offer versatility and enhanced closure options, demonstrating Able Medical Devices' commitment to advancing solutions in post-surgical care.
In August 2023, Healthium Medtech, a renowned global player in the field of medical technology solutions, has recently unveiled TRUMASTM, an innovative series of sutures specifically crafted to overcome the unique challenges encountered in minimal access surgeries. As India marks its 77th year of Independence, Healthium takes pride in reinforcing its dedication to pioneering advancements in the Indian medtech arena. The introduction of TRUMASTM underscores Healthium's commitment to revolutionizing the art of suturing in minimal access procedures, marking a significant stride in enhancing surgical precision and patient outcomes.
Global Surgical Sutures Market Report Scope:
Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Product, Type, Application, End User, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product
Suture Thread
Automated Suturing Devices
By Type
Monofilament Sutures
Multifilament Sutures
By Application
Cardiovascular Surgery
General Surgery
Gynecological Surgery
Orthopedic Surgery
Ophthalmic Surgery
Cosmetic & Plastic Surgery
Others
By End User
Hospitals
Ambulatory Surgical Centers
Clinics & Physicians' Offices
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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