The global surgical sutures market size was valued at USD 3,750.9 Million in 2017, is projected to reach USD 5,982.9 Million by the end of 2025, exhibiting a CAGR of 6.0%
The demand for surgical sutures is increasing as they help to heal the damaged tissue faster. Moreover, surgical sutures play a significant role in the wound healing process. These sutures have the ability to ligate the blood vessels together to aid healing of damaged tissues.
As per the report by Fortune Business Insights, the global market for surgical sutures was valued at US$ 3,750.9 Mn in 2017 and is anticipated to reach US$ 5,982.9 Mn by 2025. Different types of surgical sutures are used depending on the location of lesions and thickness of the skin.
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“Rising Adoption of Medical Technologies in Asia Pacific Encourages Growth in the Market”
Among regions, North America covered a revenue of US$ 1,489.6 Mn in the year 2017 and dominated the global surgical sutures market. Presence of leading manufacturers for sutures in the U.S. is the primary factor driving the market in this region. Also, the U.S. and Canada witnesses rising number of cardiovascular surgeries mainly attributable to the increasing prevalence of cardiovascular diseases in North America.
The market in Asia Pacific is anticipated to witness high demand for surgical sutures during the forecast duration. This is attributable to the rising geriatric population and better healthcare reimbursement policies. In addition to this, rising healthcare awareness and disposable income are positively impacting the growth of the market in this region.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• CP Medical
• Demetech Corporation
• Coloplast Corporation
• Molnlycke Healthcare
• BSN Medical
• Boston Scientific Corporation
• Internacional Farmacéutica
• Apollo Endosurgery, Inc.
“Launch of Innovative Products by Smith & Nephew Aids Expansion”
Medium and small-scale regional players are expected to pave their way in the global surgical sutures market. This is what makes the vendor landscape of the global market fragmented. Some of the major companies operating in the global market are CP Medical, B. Braun Melsungen AG, Coloplast Corporation, Molnlycke Healthcare, BSN Medical, Demetech Corporation, Ethicon, Apollo Endosurgery, Inc., and Boston Scientific Corporation.
In 2015, Smith & Nephew managed to position the company at a higher level. This was supported by the launch of innovative surgical suture products such as high-strength polyethylene ULTRABRAID and surgical suture lines SUTUREFIX.
Then in 2017, Ethicon, B. Braun Melsungen AG, together with Smith & Nephew covered a major share in the global market. Some of the other developments initiated by companies are:
• Peters Surgical expanded its existing manufacturing facility in India in November 2018. The company increased its production capacity to 33 million surgical sutures a year.
• DePuy Synthes launched novel surgical sutures in July 2018. These new sutures are specifically designed for soft tissue repair such as rotator cuff surgery.
“Favorable Government Regulations to Propel Growth in the Surgical Sutures Market”
The rising prevalence of cardiovascular disorders is intended to fuel demand for wound closure devices. This, as a result, is expected to drive the surgical sutures market in the coming years. Moreover, rising number of orthopedic, gynecological, and others surgeries can set tone for significant impetus to the market’s growth. The rising demand for wound closure devices in developing and developed countries is expected to boost the market by 2025.
“Technological advancements and innovations in surgical suture material are expected to heal wounds even faster,” said a lead analyst at Fortune Business Insights. “This will further reduce the risk of wound infection, enabling growth in the market,” he added.
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Favorable policies and regulations by governments in developing countries is contributing to the growth of the market. Recent approvals on novel surgical sutures is encouraging companies to develop new surgical suture devices. This will further help companies to upgrade the wound healing process in the long run.
Contrary to this, shift towards minimally-invasive surgeries especially in developed countries may restrict the market’s growth. Another factor restricting the surgical sutures market is the availability of alternatives for surgical wound products.
Surgical Sutures Market Segmentation:
By Application
• Gynecology
• Orthopedics
• Cardiology
• Ophthalmic
• General Surgery
By End User
• Hospitals
• Ambulatory Surgery Centers
• Clinics
By Geography
• North America (the USA and Canada)
• Europe (UK, Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Middle East & Africa (GCC, South Africa, Rest of the Middle East & Africa)
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