Global Absorbable and Non- Absorbable Sutures Market Size, Trends & Growth Opportunity, By Type (Absorbable Sutures, and Non-Absorbable Sutures), By Application (Cardiovascular, Orthopaedic, Gynaecology, Ophthalmology, General Surgery, and Others), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Absorbable and Non- Absorbable Sutures Market
Global Absorbable and Non- Absorbable Sutures Market was valued at USD 3.5 billion in 2021 and is expected to reach USD 5.25 billion by 2027, at a CAGR 5.70% from 2022-2027.
Absorbable and non-absorbable sutures are also termed as absorbable and non-absorbable stitches that are sterilized, surgical threats which are used to wound closure. Sutures are primarily used to close incisions resulting due to surgery. Absorbable sutures offer temporary wound that supports until the wound heals well enough to withstand normal stress and non-absorbable sutures are not absorbed.
Absorbable sutures do not require removal and save clinic time and deduce patient anxiety postoperatively. Non-absorbable sutures can be less likely to elicit an inflammatory response and break prematurely.
Market Drivers
Increasing number of surgeries because of unhealthy lifestyle and aging population is the driving factor which is expected to boost the global absorbable and non-absorbable sutures market growth. Furthermore, improved safety & efficacy of surgeries due to technological advancements shall have the positive impact on market growth.
Moreover, rising initiatives such as acquisitions and partnerships, undertaken by key vendors for product developments and distribution activities will propel the market growth during this forecast period 2027.
Market Restraints
High maintenance costs and a lack of product innovation can slow the market growth. The availability of substitutes like surgical staplers is the major restraining factor that is expected to hinder the global absorbable and non-absorbable sutures market growth. Furthermore, complications such as haemorrhage, leakage in oesophageal and colonic anastomosis are few factors which may affect the global absorbable and non-absorbable sutures market growth.
Market Segmentation
The Global Absorbable and Non- Absorbable Sutures Market is segmented into type, application, and region
Based on application, the Global Absorbable and Non- Absorbable Sutures Market is segmented into Cardiovascular, Orthopaedic, Gynaecology, Ophthalmology, General surgery, and Others.
Regional Analysis
The Global Absorbable and Non- Absorbable Sutures Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
The North American region is expected to dominate the Global Absorbable and Non- Absorbable Sutures Market due to the growing government initiatives and investment for enhancement of healthcare infrastructure.
The Asia-Pacific region is also expected to grow at the highest CAGR rate in the forecast period of 2027 due to rising demand for efficient and minimal invasive surgery and technological advancements and increasing number of cases of chronic disorders and trauma surgeries in this region.
Key Players
Various key players are discussed into the Global Absorbable and Non- Absorbable Sutures Market Report including: B. Braun Melsungen AG, Tepha, Smith & Nephew, Ethicon, Meta Biomed, Demetech Corporation, Zimmer Biomet, Boston Scientific Corporation, and Unimed Medical Industries, CTK Biotech, Inc., and Others.
For instance, in Nov 2020, Advanced Medical Solutions Group plc had acquired Raleigh Adhesive Coatings Limited, an independent wound care and bio-diagnostics coatings business.
Market Taxonomy
By Type
By Application
By Region
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