Surgical Sutures Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Surgical Sutures Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Surgical Sutures Market

The Surgical Sutures Market Size was valued at USD 5.33 billion in 2023, and the Market is now projected to grow from USD 5.66 billion in 2024 to USD 9.83 billion by 2032, exhibiting a CAGR of 7.1% during the forecast period of 2024-2032.

COVID-19 has been a major drawback in the growth of the Surgical Sutures industry since many surgeries were either canceled or reduced due to resource mobilization in COVID-19 cases. Manufacture and delivery of surgical sutures were also made to suffer, the reasons are the shutdown and restrictions in movement due to Covid 19 and limited manufacturing capacity, impeding the fall of Surgical Sutures Market Growth.

The demand for Surgical Sutures has advanced because of the rising incidence of surgical procedures, resulting in the expansion of the Surgical Sutures Market share globally. There are three main reasons for this advancement- The increase in the number of elderly people, a higher rate of chronic diseases, and developments in surgeries. Therefore it becomes necessary to ensure that surgical Sutures are in stock because every surgery operating procedure has requirements of surgical Sutures for suturing a wound or a tissue or for any other surgical operations. People also become more susceptible to diseases such as cardiovascular diseases, orthopedic disorders, and cancer as they age; as such, they need surgeries and suture services.

Additionally, New technologies of sutures particularly those involving sensors and electronics offered a lot of enhancement. These sutures can include evaluation of the wound healing using infection, pH and/or stress of the wound site for real and timely data to the healthcare workers. Smart stitches are placed with an intention to monitor certain variables which are; temperature, ph, and stress on the affected area. Updating vital stats in real-time could serve as evidence of infection, inflammation, or formation of other complications that may necessitate earlier procedures.

Comprehensive Analysis of Immunology Market

The Surgical Sutures Market is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the Healthcare Industry. These Segmentations are methodically segregated by Product Type, by Form, by Application, and by End User. The Product Types include Absorbable and Non-Absorbable. The Form include Natural and Synthetic. The Application include Gynecology, Orthopedics, Cardiology, General Surgery, and others. However, the end-users include Hospitals & ASCs and Specialty clinics.

The North American Region leads the Immunology Market by benefitting a market size of USD 2.11 Billion in 2023 due to a rising prevalence of chronic diseases and a growing aging population, which has increased the number of patients undergoing surgical procedures, resulting in increased demand for surgical sutures.

The top players in the market play a crucial role in the Healthcare Industry assuring industrial prospectus growth and setting market standards. These players include B.Braun SE (Germany), Johnson & Johnson Services, Inc. (US), Smith & Nephew (UK), Medtronic (Ireland), Coloplast A/S (Denmark), Apollo Endosurgery Inc, (US), Boston Scientific Corporation (US), DemeTECH Corporation (US), TEPHA INC. (US), International Pharmaceutica (Mexico), Kono Seisakusho Co., Ltd. (Japan), CONMED Corporation (US). These market players provide a level playing competitive landscape.

In August 2023, Healthium Medtech introduced a new range of sutures named TRUMAS for minimal access surgeries.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 7.1% from 2024-2032

Unit Value (USD billion)

Segmentation By Product Type

Absorbable

Non-absorbable

By Form

Natural

Synthetic

By Application

Gynecology

Orthopedics

Cardiology

General Surgery

Others

By End-user

Hospitals & ASCs

Specialty Clinics

By Geography

North America (By Product Type, Form, Application, End-user, and Country)

- U.S.

- Canada

Europe (By Product Type, Form, Application, End-user, and Country/Sub-region)

- Germany

- U.K.

- France

- Spain

- Italy

- Scandinavia

- Rest of Europe

Asia Pacific (By Product Type, Form, Application, End-user, and Country/Sub-region)

- China

- Japan

- India

- Australia

- Southeast Asia

- Rest of Asia Pacific

Latin America (By Product Type, Form, Application, End-user, and Country/Sub-region)

- Brazil

- Mexico

- Rest of Latin America

Middle East & Africa (By Product Type, Form, Application, End-user, and Country/Sub-region)

- GCC

- South Africa

- Rest of Middle East & Africa


Please Note: It will take 5-6 business days to complete the report upon order confirmation.