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

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

The surgical sutures market is expected to register a CAGR of more than 5.8 % during the forecast period (2021-2026).

A suture refers to any strand of material that is used to litigate blood vessels or tissues to close a surgical site. The type of material used primarily decides the level of sutures layers be done by a specialty doctor. One of the primary factors responsible for the increased sutures usage and its adoption is the rise in the hospital admission of chronic disease patients for long term as well as increased trauma cases across developed and emerging markets. In a large number of orthopedic, alimentary, ophthalmic cases and several other parts of the body require surgical suturing in case of surgeries. A large number of hospitals and ambulatory surgery departments are specializing and technologically advancing in surgical sutures techniques which further drive this market. However, with growth in personalized medications, there is growth in usage of minimally invasive procedures as well as in many cases, needle-related infections primarily hinder the growth rate of the surgical sutures market, over the forecast period.

Key Market TrendsThe Absorbable Sutures are Estimated to Hold Larger Share over the Forecast Period

The absorbable sutures are highly useful in the treatment of inner organ surgical site closure. The natural sore and synthetic sources have their advantages based upon the areas of the body to be used upon. They generally degrade in the soft tissues within 60 days or more based upon absorbable or non-absorbable character. Since the source is collagen, copolymer, and polyester polymers, which are widely available and manufactured easily, the adoption rate and usage are much faster than non-absorbable. Furthermore, with the increasing number of surgeries and rising lifestyle diseases, such as obesity, diabetes, heart disease, and stroke, this segment of the market is expected to witness good growth.

North America is Expected to Have Largest Share in the Global Market

In the United States, high admission rates, technological advancements in healthcare facilities, more healthcare expenditure from the government as well as better distribution channels by companies as well as reimbursement policies drives the surgical sutures market. Medical tourism from several emerging market also drives the growth of this market. However, with rising personalized medications, the trend is expected to shift towards minimally invasive surgeries, which may decrease the usage of surgical sutures rates gradually over the forecast period. Canada also well-known for its better government policies and medical tourism as well as technical advantages in healthcare compared to several emerging markets. Therefore, North America is expected to hold a major share of the studied market, over the forecast period.

Competitive Landscape

The major market players are focusing on technological advancements and improving the material quality used in sutures and better treatment of the injury site. Some of the major players in the market are B Braun Mesungen AG, Johnson & Johnson, Smith & Nephew PLC, Teleflex Incorporated, Medtronic PLC, among others.

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Companies Mentioned

B. Braun Mesungen AG
Boston Scientific Corporation
Conmed Corporation
Integra LifeSciences Corporation
Johnson & Johnson
Medtronic PLC
Mellon Medical B.V.
Smith & Nephew PLC
Teleflex Incorporated

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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 Lifestyle and Chronic Diseases
4.2.2 Technological Advances in Suture Design and Applications
4.2.3 Favourable Government Regulations
4.3 Market Restraints
4.3.1 Needle related infections
4.3.2 Increasing Preference Towards Minimally Invasive Surgery
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
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 Neurological Surgery
5.2.5 Other Applications
5.3 By End-user
5.3.1 Hospitals/Clinics
5.3.2 Ambulatory Surgical Centers
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 France
5.4.2.2 Germany
5.4.2.3 United Kingdom
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 B. Braun Mesungen AG
6.1.2 Boston Scientific Corporation
6.1.3 Conmed Corporation
6.1.4 Integra LifeSciences Corporation
6.1.5 Johnson & Johnson
6.1.6 Medtronic PLC
6.1.7 Mellon Medical B.V.
6.1.8 Smith & Nephew PLC
6.1.9 Teleflex Incorporated
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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