USD 4.2 billion
Global Surgical Suture Market Size, Share, Growth Analysis, By Product(Absorbable sutures and non-absorbable sutures), By Application(Cardiovascular surgery, general surgery), By Filament(Monofilament, Multifilament), By End User(Hospitals, ASC) - Industry Forecast 2023-2030
Report ID:
SQMIG35A2205 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
116 |
Figures:
77
Global Surgical Suture Market Insights
Global Surgical Suture Market size was valued at USD 4.2 billion in 2021 and is poised to grow from USD 4.44 billion in 2022 to USD 6.14 billion by 2030, growing at a CAGR of 5.8% in the forecast period (2023-2030).
The global market is experiencing significant expansion due to the increase in surgical operations. An estimated 313 million operations are conducted annually throughout the world, creating a huge demand for surgical sutures in various nations, which could be a growth driver. The rising elderly population is a key driving factor for the global market for surgical sutures. A 2019 study found that although people over 65 make up around 16 percent of the American population, they account for 40 percent of hospital surgery patients and potentially more than half of all surgical procedures. The majority of chronic physical ailments that require surgery to improve affect the elderly. Furthermore, this change in the makeup of the population also contributes to the rise in demand for surgical sutures. A rise in the number of cosmetic operations along with rising disposable income and technological breakthroughs such hybrid fractional lasers and cryolipolysis, which lead to safer operating procedures, are key factors driving the growth of the global surgical suture market. The number of cosmetic surgery procedures performed in 2019 increased by 7.4% compared to 2018.
The surgical suture has a number of substitutes, some of which could serve as market restrictions. The most popular substitute for suturing is undoubtedly wound staples. A wound staple has a number of clear advantages to suturing, including a faster rate of closure and a lower risk of infection. Using a tissue adhesive, also known as tissue glue, to close a child's wound is appealing since it is frequently quicker and less painful than suturing. These alternatives to suturing, which have certain benefits over sutures, could impede the expansion of this sector. Operating procedure statistics are incredibly asymmetrically distributed over the world. Only 6% of the yearly 313 million surgeries take place in the poorest countries, which house about 33% of the world's population. To close the gap in low and middle-income nations, an extra 143 million procedures are required. A substantial chance for a big number of people undergoing surgical procedures in the anticipated period is also presented by an increase in health insurance coverage, which subsequently covers healthcare attention in the form of surgical treatments. Many governments in emerging economies are working to expand insurance coverage so that many citizens have access to essential medical care. Over 500 million people, or 50% of the Indian population, will be covered by social healthcare programmes in 2020, while 60% of Indians would be covered by health insurance alone. These elements offer an increasing number of chances for the Suture market to expand in these economies.
US Surgical Suture Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Cardiovascular Surgery
Fastest Growth
Cardiovascular Surgery
Growth Rate
5.8% CAGR
Global Surgical Suture Market ($ Bn)
Country Share for North America Region (%)
Global Surgical Suture Market By Application ($ Bn)
Global Surgical Suture Market By Application (%)
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Global Surgical Suture Market Segmental Analysis
Global Surgical Suture Market is segmented on the basis of product, application, filament, end user, and region. By product, the Surgical Suture Market is segmented into absorbable sutures and non-absorbable sutures. By application, Surgical Suture Market is segmented into cardiovascular surgery, general surgery, gynecological surgery, orthopedic surgery, and others. By filament, the Surgical Suture Market is segmented into Monofilament, Multifilament. By end user, the Surgical Suture Market is segmented into Hospitals, ASC, Clinic. By region, the Surgical Suture Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Surgical Suture Market Analysis by Product
Absorbable sutures are expected to dominate the global surgical suture market during the forecast period. This segment is further divided into natural and synthetic absorbable sutures. Synthetic absorbable sutures are expected to grow at a higher rate due to their longer shelf life, consistent quality, and better tensile strength. Natural absorbable sutures are preferred for certain surgical procedures due to their biocompatibility, but their use is limited due to their variable absorption rate and potential for an inflammatory response.
Non-absorbable sutures are expected to have a slower growth rate compared to absorbable sutures. However, they are still widely used in surgical procedures where long-term wound support is required, such as in orthopedic and cardiovascular surgeries. The demand for non-absorbable sutures is also driven by their ease of handling and better knot security.
Surgical Suture Market Analysis by Application
The cardiovascular surgery segment is expected to hold the largest share of the global surgical suture market during the forecast period. This is primarily due to the high prevalence of cardiovascular diseases and the increasing adoption of minimally invasive surgical procedures for heart surgeries. The demand for surgical sutures in this segment is driven by procedures like coronary artery bypass grafting, valve replacement, and aortic aneurysm repair.
The fastest-growing segment in the application segment of the global surgical suture market is orthopedic surgery. The orthopedic surgery segment includes sutures used in procedures like joint replacements, spinal surgeries, and fracture repairs. This segment is expected to grow at a significant rate due to the increasing prevalence of orthopedic disorders and the growing adoption of minimally invasive surgical procedures in this area.
Global Surgical Suture Market By Application, 2023 (%)
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Global Surgical Suture Market Regional Insights
North America is the largest market for surgical sutures globally, with the US being the major contributor to the region's growth. The North America market is the largest globally and is expected to continue to grow in the coming years. The market is primarily driven by factors such as increasing demand for surgeries, a high level of healthcare expenditure, and the adoption of advanced medical technologies. The North America market is driven by a high level of healthcare expenditure in the region. The US, in particular, has one of the highest healthcare expenditures globally, which has contributed significantly to the growth of the market. North America is a region characterized by a high level of technological advancement in the healthcare sector. The region has seen the development of new materials and technologies, such as absorbable sutures and surgical meshes, which have improved wound healing and reduced the risk of infection, leading to better patient outcomes. Overall, the North America market is expected to continue growing in the coming years, driven by factors such as increasing demand for surgeries, a high level of healthcare expenditure, and the adoption of advanced medical technologies. The market is highly competitive, with several major players operating in the region, and is expected to remain a major contributor to the global surgical suture market.
Europe is the second-largest market globally, with countries such as Germany, France, and the UK contributing significantly to the region's growth. The market is primarily driven by factors such as a high level of healthcare expenditure, a large aging population, and the increasing prevalence of chronic diseases. Overall, the Europe market for surgical sutures is expected to continue growing in the coming years, driven by factors such as a high level of healthcare expenditure, a large aging population, and the increasing prevalence of chronic diseases. The market is highly competitive, with several major players operating in the region, and is expected to remain a major contributor to the global surgical suture market.
The Asia Pacific region is a significant market for surgical sutures due to its large population and the growing demand for surgical procedures. The market is expected to experience substantial growth over the forecast period, driven by increasing investments in healthcare infrastructure, rising disposable income, and growing awareness about advanced medical treatments. Japan and China are the major markets for surgical sutures in the region due to the presence of a large number of hospitals and clinics and the increasing prevalence of chronic diseases. India is another significant market, driven by a large population and growing investments in healthcare infrastructure. In addition, several local players are operating in the region, providing stiff competition to the global players. These local players offer low-cost products, which are preferred by price-sensitive customers. However, global players hold a significant market share due to their established brand names and quality products. The Asia Pacific region is also witnessing a trend of increasing adoption of minimally invasive surgical procedures, which require advanced surgical sutures. This trend is expected to drive the demand for absorbable sutures, which are preferred for such procedures. Overall, the Asia Pacific market is expected to witness robust growth in the coming years due to the increasing demand for surgical procedures, growing healthcare investments, and the presence of a large population. The market is highly competitive, with both global and local players operating in the region.
Global Surgical Suture Market By Region, 2024-2031
- Largest
- Fastest
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Global Surgical Suture Market Dynamics
Surgical Suture Market Drivers
Increasing demand for surgeries
- The demand for surgical sutures is driven by the increasing number of surgeries being performed globally. The aging population, rising prevalence of chronic diseases, and increasing adoption of minimally invasive surgeries are all contributing to the growth of the surgical suture market.
Technological advancements
- The development of new materials and technologies, such as absorbable sutures and surgical meshes, is driving the growth of the surgical suture market. These new products offer improved wound healing and reduce the risk of infection, leading to better patient outcomes.
Growing healthcare expenditure
- As healthcare expenditure continues to rise globally, there is an increased demand for advanced medical technologies and surgical procedures, driving the growth of the surgical suture market.
Surgical Suture Market Restraints
High cost of surgical sutures
- Surgical sutures can be expensive, and this can limit their use in some healthcare settings. This can impact the growth of the surgical suture market, particularly in low- and middle-income countries.
Risk of surgical site infections
- The use of surgical sutures can increase the risk of surgical site infections, which can lead to complications and longer hospital stays. This can limit the adoption of surgical sutures in some healthcare settings.
Availability of alternatives
- There are several alternatives to surgical sutures, such as staples and adhesives, which can be used for wound closure. The availability of these alternatives can limit the growth of the surgical suture market.
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Global Surgical Suture Market Competitive Landscape
The Global Surgical Suture Market is highly competitive and fragmented, with a large number of players operating in the market. The market is dominated by a few major players, but there are also many smaller players that have a significant presence in regional markets. The competition in the surgical suture market is based on factors such as product quality, innovation, pricing, distribution channels, and customer service. The market is also influenced by factors such as healthcare expenditure, the prevalence of chronic diseases, and the aging population. As a result, companies in the market are investing heavily in research and development to develop new and innovative products and expand their market presence.
Surgical Suture Market Top Player’s Company Profiles
- Johnson & Johnson
- Medtronic
- B. Braun Melsungen AG
- Smith & Nephew
- Boston Scientific Corporation
- 3M Health Care
- Teleflex Medical
- Péters Surgical
- DemeTech Corporation
- Conmed Corporation
- Dolphin Sutures
- Internacional Farmacéutica
- Sutures India
- Surgical Specialties Corporation
- EndoEvolution, LLC
- Mellon Medical B.V.
- Apollo Endosurgery
- Péters Surgical SAS
- Aspide Medical
- Surgical Innovations Group plc
Surgical Suture Market Recent Developments
- In August 2022, a team of Swedish researchers created a synthetic cornea made from pig collagen that can give the blind their sight back. The researchers declared that they are creating some really sophisticated eye suture technologies to use this cornea on blind people. However, because it is a foreign tissue to Homo sapiens, patients must return to the clinic for immune-suppressive eye drops on a regular basis for a year following surgery to adjust and remove the surgical sutures.
- In July 2021, Johnson & Johnson Medical Devices Companies announced that it had acquired the assets of Megadyne Medical Products, Inc., a leading manufacturer of electrosurgical tools and accessories, including sutures.
- In May 2021, Medtronic plc. announced that it had completed the acquisition of privately-held interventional medicine company Medicrea International SAS. This acquisition will expand Medtronic's portfolio of surgical technologies, including suture products.
- In March 2021, B. Braun Melsungen AG launched its new Monomax suture product line in Europe. Monomax is a synthetic absorbable suture that provides high tensile strength and reliable knot security.
- In February 2021, Ethicon, Inc., a subsidiary of Johnson & Johnson, announced the launch of its new V-LocTM PBT Absorbable Suture, which is designed to provide high strength and secure wound closure for a range of surgical procedures.
Global Surgical Suture Key Market Trends
- Increasing demand for absorbable sutures: Absorbable sutures are becoming increasingly popular due to their ability to reduce the risk of complications such as infections and wound dehiscence. This is driving demand for absorbable sutures, which are expected to see significant growth in the coming years.
- Growing demand for surgical sutures in emerging markets: Emerging markets such as China, India, and Brazil are witnessing significant growth in the demand for surgical sutures. This is primarily due to the increasing number of surgeries being performed in these countries, as well as the growing prevalence of chronic diseases.
Global Surgical Suture Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Surgical Suture Market analysis, the global market is expected to grow at a significant rate during the forecast period. The key factors driving the growth of the market include the increasing prevalence of chronic diseases, the rising number of surgical procedures, and the growing adoption of advanced medical technologies. Moreover, the increasing demand for minimally invasive surgical procedures is also expected to drive market growth. Based on product type, the segment of the absorbable suture is expected to dominate the market during the forecast period due to the longer shelf life, consistent quality, and better tensile strength of synthetic absorbable sutures. Based on application, the cardiovascular surgery segment is expected to hold the largest share of the market due to the high prevalence of cardiovascular diseases and the increasing adoption of minimally invasive surgical procedures for heart surgeries. The orthopaedic surgery segment is expected to grow at the fastest rate due to the increasing prevalence of orthopaedic disorders and the growing adoption of minimally invasive surgical procedures in this area. Geographically, North America and Europe are the largest markets for surgical sutures in terms of application, primarily due to the high adoption of advanced medical technologies and the presence of established healthcare infrastructure. The Asia Pacific region is expected to grow at the highest rate due to the increasing demand for surgical procedures, rising investments in healthcare infrastructure, and growing awareness about advanced medical treatments.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.2 billion |
| Market size value in 2031 | USD 6.14 billion |
| Growth Rate | 5.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Surgical Suture Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Surgical Suture Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Surgical Suture Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Surgical Suture Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Surgical Suture Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Surgical Suture Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Surgical Suture Market Report Snapshots
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