India Surgical Sutures Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

India Surgical Sutures Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The India surgical sutures market is expected to register a CAGR of 6.4 % during the forecast period.

Since the beginning of the pandemic, healthcare systems have been affected drastically due to the cancellation of surgeries, delayed appointments, and long wait times, among others. The surgical procedures have been delayed, and the number of surgical procedures decreased. For instance, as per the study published in June 2020, titled 'Impact of COVID-19 on General Surgical Practice in India', all elective surgical work was stopped by 93.3%, while 5.2% had scaled down elective surgeries. No elective procedures were performed by 77%, while 16% performed less than 5 surgeries during the lockdown period. No emergency surgeries were performed by 9% of surgeons, and 42.5% had reduced emergency services where feasible. This decline in surgical procedures led to decreased demand for surgical sutures as well. Therefore, COVID-19 had an impact on the surgical suture market in India.

However, the rise in the hospital admission of chronic disease patients and increased trauma cases have increased the demand for surgeries globally. This is anticipated to increase the demand for usage and adoption of surgical sutures as many orthopedic, alimentary, ophthalmic cases, and several other parts of the body require surgical suturing in case of surgeries. Therefore, an increase in the number of surgeries influenced the demand for surgical sutures, positively affecting the growth of the market.

For an instance, according to an article published in January 2022, titled 'Road crashes rise by 10% in 2021, over 400 died in accidents in Gurugram', in India the number of fatal road accidents increased from 347 in 2020 to 389 in 2021 with an increase of 10%. The increase in road accidents leads to the rise in the admission of patients to trauma centers leading to increased surgical procedures. Additionally, as per the study published by the World Journal of Surgery, in September 2020, a total of 4642 surgeries were performed per year for a population of 88,273. Cataracts (22.8%), Caesareans (3.8%), surgeries for fractures (3.27%), and hernia (2.86%) were the commonest surgeries. 44.2% of surgeries belonged to essential surgeries. the study estimated that 3646 surgeries would be required per 100,000 Indian population per year. One-third of these surgeries would be needed for the age group 30–49 years, in the Indian population. This drives the demand for more surgical sutures to be used for these surgeries and contributes to the faster growth of the market.

Moreover, according to a study, published in May 2021, titled ''Prevalence of Obesity in India and Its Neurological Implications: A Multifactor Analysis of a Nationwide Cross-Sectional Study, India is undergoing a rapid epidemiological transition, from underweight to overweight/obese population. The prevalence of obesity in India was recorded at 40.3%. The research shows that obesity was higher among women than men (41.88% vs 38.67%), urban than rural (44.17% vs 36.08%), and over 40 than under 40 (45.81% vs 34.58%). This increasing burden of obesity among the population is increasing the demand for bariatric surgeries demanding surgical sutures to be used, which in turn is propelling the growth of the market in the years to come.

Therefore, owing to the aforementioned factors the studied market is anticipated to witness growth over the analysis period. However, needle-related Infections and increasing preference for minimally invasive surgeries are likely to impede the market growth.

Key Market TrendsCardiovascular Surgery Segment is Expected to Witness Growth Over the Forecast Period

Cardiovascular surgery treats diseases and conditions of the heart and the blood vessels of the entire body. Common cardiovascular procedures include coronary bypass surgery, aortic or mitral valve replacement or repair, and aneurysm repair. Suturing is an important part of the surgery. Cardiac suture materials include stainless steel, polypropylene, and polyester sutures.

According to data from the Longitudinal Ageing Study in India (LASI) released by the Union Ministry of Family and Health Welfare on January 6, 2020, the self-reported prevalence of cardiovascular diseases is rising with age. It also reported that, in 2017-2018, the self-reported prevalence of cardiovascular diseases among adults aged 45-59 was 21.9%, 33.8% among those aged 60-74, and 37.4% among those aged more than 75 years. Such a rising prevalence of the disease among the elderly population is likely to increase the demand for surgical sutures which is further driving the segment’s growth over the forecast period. Additionally, according to a Longitudinal Ageing Study in India published by the Union Ministry of Family and Health Welfare in January 2020, nearly 70% of senior citizens in the country suffer from at least one chronic illness, while around 23% of the elderly population who are aged 60 years and above have multiple morbidities. The report also said that elderly women are more likely to have multi-morbidity conditions in India as compared to men. Therefore, with the increasing elderly population in India, the burden of chronic illnesses requiring surgery is expected to increase which will further boost the growth of the surgical suture market in the country.

Moreover, as per the updates in 2020 by the Indian Heart Association, India accounts for approximately 60% of the world’s heart disease burden, despite having less than 20% of the world’s population. Heart disease is the number one cause of mortality and a silent epidemic among Indians. Furthermore, 50% of all heart attacks in Indian men occur under 50 years of age and 25% of all heart attacks in Indian men occur under 40 years of age.

This increasing number of cardiovascular disease cases generates demand for more cardiovascular surgeries. Therefore, the cardiovascular surgery segment is expected to register a strong growth rate during the forecast period.

Competitive Landscape

The Indian surgical suture market is fairly competitive and consists of several major players. Most of these major players enjoy a global presence, and they are facing intense competition in emerging economies. There is an increasing demand for surgical sutures in India. This has made the market more lucrative. This will encourage global players to make their presence in India. The major market players are focusing on technological advancements and improving the material quality used in sutures and better treatment of the injury site.

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1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increased Surgeries Owing to Unhealthy Lifestyles and Chronic Diseases
4.2.2 Technological Advances in Suture Design and Applications
4.2.3 Favorable Government Regulations
4.3 Market Restraints
4.3.1 Needle-related Infections
4.3.2 Increasing Preference Toward Minimally Invasive Surgeries
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Product Type
5.1.1 Absorbable Sutures
5.1.1.1 Natural Sutures
5.1.1.2 Synthetic Sutures
5.1.2 Non-absorbable Sutures
5.1.2.1 Nylon
5.1.2.2 Prolene
5.1.2.3 Other Non-absorbable Sutures
5.2 By Application
5.2.1 Ophthalmic Surgery
5.2.2 Cardiovascular Surgery
5.2.3 Orthopedic Surgery
5.2.4 Neurology Surgery
5.2.5 Other Applications
5.3 By End User
5.3.1 Hospitals/Clinics
5.3.2 Ambulatory Surgical Centers
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 B Braun Mesungen AG
6.1.2 Boston Scientific Corporat
6.1.3 Conmed Corporation
6.1.4 Integra LifeSciences Corporation
6.1.5 Johnson & Johnson (Ethicon Inc)
6.1.6 Medtronic PLC
6.1.7 Smith & Nephew PLC
6.1.8 Unisur Lifecare Pvt. Ltd
6.1.9 Lotus Surgicals
6.1.10 Teleflex Incorporated
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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