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Sutures Market – Rapid research and development activities by market players is expected to witness significant growth of the market in the future | Medtronic Plc, Johnson & Johnson, SMI, Advanced Medical Solutions Group plc

November 16th, 2022 Coherent Market Insights Releases

Overview:

Sutures are used to stich a wound on the skin using needles that come in different shapes and sizes. These needles are manufactured using various materials. Normally, sutures are divided into two types; absorbable and non-absorbable. Absorbable sutures get dissolved in the body due to hydrolysis or reactions in enzymes. Moreover, sutures can further be classified depending on their construction. The material used for sutures depends upon several factors such as infection risks, type of tissue and personal preferences. The correct positioning of suture material depends on the material used. Depending on the basis of sutures’ use they can also be classified into ophthalmic sutures, cardiovascular sutures, orthopedic sutures and genera sutures.

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The global sutures market is expected to have a value of US$ 3,688.50 million in 2022 and estimated to show a CAGR of 8.3% during the forecast period (2022-2030)

Market Drivers:

Market players are focusing on R&D activities to improve efficiency of sutures, which is anticipated to propel growth of the global sutures market during the forecast period. For instance, Sutrue Ltd., announced the development of two novel automated 3D printed suture stitching devices in June 2018. These devices as per the company can be utilized in medical surgeries and are cost effective.

Moreover, in April 2021, McGill University, Canada published an article about groundbreaking development of new tough gel sheathed sutures by scientists from Montreal, Canada, and these sutures are human tendon-inspired sutures containing a slippery and tough gel envelop same as to the human tendon.

Market Restraints:

Factors such as high cost and disadvantages linked to sutures is likely to hamper growth of the global sutures market during the forecast period. Disadvantage of sutures can be irritation resulting from cut ends of suture material, bacterial infection risk, fraying during construction of knot, dehiscence risk and tissue drag.

As per the American Society for Aesthetic Plastic Surgery, Aesthetic Plastic Surgery National Databank Statistics 2020, surgical procedures performed in America in 2020 had estimated cost of nearly US$ 6.17 Bn.

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Moreover, as per the Misch’s Avoiding Complications in Oral Implantology, the cost of polytetrafluroethylene sutures is high and have low frictional resistant as they are slippery.

Key Players:

Key players active in the global sutures market are Vitrex Medical A/S, Medtronic Plc, DemeTECH Corporation, Johnson & Johnson, Surgical Sutures Private Limited, SMI, Healthium Medtech Limited, Advanced Medical Solutions Group plc., Corza Medical, GMD Group (General Medical Disposable), Meril Life Sciences Pvt. Ltd., Bentley Healthcare Pvt. Ltd., Peters Surgical, Lotus Surgicals, Dolphin Sutures, Teleflex Incorporated, Orion Sutures India Pvt Ltd, Sutumed, Unisur Lifecare Pvt. Ltd., Lux Sutures, Riverpoint Medical, CliniSut, Unilene, Smith & Nephew Plc, CONMED Corporation, and B. Braun Melsungen AG.

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Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Material
      • Market Snippet, By Raw Origin
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Drivers
    • Restraints
    • Market Opportunity
    • Impact Analysis
    • Technological Evolution
    • Comparison By Material
    • Comparison By Material, Materials Used For Making Sutures
    • Supporting Statistical Information
    • Substitute Market
    • Distributors Channels
    • Regulatory Scenario
    • Pest Analysis
    • Porter’s five forces analysis
  4. Global Sutures Market – Impact of Coronavirus (Covid-19) Pandemic
    • Economic Impact
    • COVID-19 Epidemiology
    • Impact On Supply Demand
  5. Global Sutures Market, By Product Type, 2017 – 2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2022 and 2030 (%)
      • Y-o-Y Growth Analysis, 2018–2030
      • Segment Trends
    • Absorbable Sutures
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
        • Natural Sutures
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
        • Synthetic Sutures
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
            • Monocryl Sutures
            • AbsVicryl Sutures
            • Polyglycoloc Sutures
            • Polydioxanone Sutures
            • Others
    • Non-Absorbable Sutures
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
        • Nylon Sutures
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
        • Stainless Steel Sutures
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
        • Prolene Sutures
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
        • Others
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
  6. Global Sutures Market, By Application, 2017 – 2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2022 and 2030 (%)
      • Y-o-Y Growth Analysis, 2018–2030
      • Segment Trends
    • Cardiovascular Surgeries
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
    • Ophthalmic Surgeries
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
    • General Surgeries
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
    • Gynecology Surgeries
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
    • Orthopedic Surgeries
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
    • Other Surgeries
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
  7. Global Sutures Market, By Material, 2017 – 2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2022 and 2030 (%)
      • Y-o-Y Growth Analysis, 2018–2030
      • Segment Trends
    • Monofilament
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
    • Multifilament
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
  8. Global Sutures Market, By Raw Origin, 2017 – 2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2022 and 2030 (%)
      • Y-o-Y Growth Analysis, 2018–2030
      • Segment Trends
    • Natural
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
    • Synthetic
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
  9. Global Sutures Market, By End User, 2017 – 2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2022 and 2030 (%)
      • Y-o-Y Growth Analysis, 2018–2030
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
    • Ambulatory Care Centres
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
    • Nursing Homes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
    • Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)

View Press Release: https://www.coherentmarketinsights.com/press-release/sutures-market-4318

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

Contact Us:

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Email: sales@coherentmarketinsights.com
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