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 PeriodThe 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 MarketIn 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 LandscapeThe 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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