The growth of the global market for surgical sutures largely hinges on the number of surgical procedures or invasive treatments that are performed annually across the globe. Surgical procedures call for effective post-operative measures and treatments to ensure swift healing of wounds, cuts, and incisions. Suture is a stitch or web of stitches that are strategically placed across a wound to help in quick healing. The number of surgical procedures performed annually has increased over the last decade due to the rising incidence of several diseases and disorders. Furthermore, Sutures are of different types according to the severity of the wound; absorbable and non-absorbable sutures are the two kinds of sutures currently trending in the surgical sutures market. The absorbable sutures are more useful during most surgeries and invasive medical treatments, and hence, the demand for these sutures is higher than non-absorbable sutures. However, non-absorbable sutures also hold key value for the medical industry because these sutures come in handy the wounds are deeper and need longer support. It is anticipated that the demand within the global market for surgical sutures would elevate at a starry rate over the forthcoming years.
The global market for surgical sutures is anticipated to expand at a CAGR of 3.905 over the period between 2017 and 2025. Furthermore, the market is anticipated to accumulate an opportunity worth US$ 5,080.1 mn during the same period.
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1.Cardiovascular Surgeries
Cardiovascular diseases can prove to be fatal, and hence, their treatment is effectuated without any delays. While performing cardiovascular surgeries, the body is subjected to severe incisions in order to operate the internal organs of the body. Hence, the wounds or cuts caused due to cardiovascular surgeries need to be joined together with the help of sutures. Owing to this reason, the demand within the global market for surgical sutures is expected to rise in the years to come. Furthermore, the rising incidence of musculoskeletal diseases has also aided the growth of the global market for surgical sutures.
2.North American Market
Several healthcare bodies and organizations have given a seal of credibility to the healthcare sector in the US. This has led people from across the world to go the US for surgical treatments and tests, which has in turn given a boost to the demand for surgical sutures across North America. The government in North America has also fostered growth of healthcare through key changes in its reimbursement policies.
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3.Market Players
The market players in the global market for surgical sutures have been concentrating on producing novel absorbing and non-absorbing sutures in order to garner the trust of the consumers. Some of these key players are Integra LifeSciences Corp., B. Braun Melsungen AG, Medtronic Plc, Acelity L.P. Inc., Johnson & Johnson, Smith & Nephew Plc, and Boston Scientific Corp.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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