Global Surgical Sutures Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Surgical Sutures Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Surgical sutures refer to medical devices used to hold body tissues together and help close wounds. Surgical sutures are often called sutures and include the use of needles with a certain length of thread. Surgical sutures used to suture wounds in various diseases (such as skin ulcers, neurological ulcers, pediatric cardiac surgery and diabetic ulcers). Surgical suture materials include natural and synthetic aterials. Natural materials include silk, linen and gut, and synthetic materials include polyglycolic acid and polylactic acid.

Market Overview:

The latest research study on the global Surgical Sutures market finds that the global Surgical Sutures market reached a value of USD 5214.28 million in 2022. It’s expected that the market will achieve USD 16318.43 million by 2028, exhibiting a CAGR of 20.94% during the forecast period.

Influence of COVID-19 Outbreak on Surgical Sutures Industry Development

During the COVID-19 pandemic, in order to isolate and prevent the spread of the epidemic, some non-urgent operations were postponed, especially cosmetic surgery. Subsequently, the demand for surgical sutures decreases in the short term, which hinders the development of the market.

In the long run, after the order of the epidemic is restored, the backlog of surgical orders will bring huge demand for sutures. Moreover, the epidemic has brought people's attention to health, increased demand for medical care, increased medical examinations, and increased disease detection rates, which will promote market development.

Because of the outbreak of the epidemic, measures such as isolation and inspection will slow down the production and transportation cycle and increase the cost, which will hinder the development of the market to a certain extent.

Medline Acquires Suture Express November 17, 2019

Medline announced today it has acquired Suture Express, the nation’s leading specialty distributor of suture, endomechanical, mesh and energy products, effective November 13, 2019.Suture Express will operate as an independent subsidiary of Medline and will be led by Billy Abrams, Division President of Distributed Products and managed by current Chief Operating Officer, Pat Davis. Suture Express

CEO Jay Istvan will exit the business to pursue other opportunities. All other Suture Express employees will continue on with the company as it operates independently in a business-as usual manner. Medline has long been impressed with Suture Express’s distribution business and strong service reputation,” said Abrams. “This strategic move will deepen Medline’s business in the areas of sutures and endo. More than anything, we appreciate that Suture Express puts customers first, a philosophy that Medline has shared for generations.”

Samyang Biopharmaceuticals Corporation Constructs New Biodegradable Surgical Suture Production Plant in Hungary July 07, 2020 On the 29th, Samyang Biopharmaceuticals Corporation announced that it will be investing in the construction of a new production plant in Hungary for biodegradable surgical sutures. Biodegradable surgical sutures are a type of thread used in surgeries that dissolve in the body after a certain period of time.

At “An investment announcement of Samyang Biopharma Hungary” held at the Hungarian Ministry of Foreign Affairs and Trade on the 28th, Samyang Biopharmaceuticals Corporation, a subsidiary of Samyang Group specializing in medical and bio technology, announced that it will be investing about KRW 3.5 billion for the construction of a production base of biodegradable surgical sutures in Hungary. In the future, Samyang Biopharmaceuticals Corporation is planning to expand its global operation in Europe and other regions by producing various products based on biodegradable materials in Hungary as well as biodegradable sutures. In addition to surgical sutures, Samyang Biopharmaceuticals Corporation is using its biodegradable technologies to produce surgical biomaterials such as hemostatic agents and mesh.

Region Overview:

North America had the highest growth rate of all regions

Company Overview:

Johnson and Johnson, Medtronic plc, B. Braun Melsungen AG., Boston Scientific and Smith & Nephew are the five key players in the global Surgical Sutures market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Surgical Sutures market in the past 5 years.

Segmentation Overview:

Among different product types, Absorbable Sutures segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Surgical Wounds segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Surgical Sutures market covered in Chapter 3:

Riverpoint Medical
Boston Scientific
Internacional Farmacéutica S.A. de C.V.
DemeTECH
Medtronic plc
Johnson and Johnson
Smith & Nephew
Lotus Surgicals
Teleflex Incorporated
Surgical Specialties Corporation
Futura Surgicare Pvt Ltd
B. Braun Melsungen AG.
Péters Surgical
SMB Corporation Of India

In Chapter 4 and Chapter 14.2, on the basis of types, the Surgical Sutures market from 2018 to 2029 is primarily split into:

Absorbable Sutures
Non-Absorbable Sutures

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Surgical Sutures market from 2018 to 2029 covers:

Skin Ulcers
Burns
Surgical Wounds
Traumatic Wounds

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)