What is the global market size of Surgical Suture Market?

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).

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 2024-2031

Report ID: SQMIG35A2205 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 116 | Figures: 77

Global Surgical Suture Market News

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 Market Report Snapshots

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Global Surgical Suture Market size was valued at USD 4.2 billion in 2019 and is poised to grow from USD 4.44 billion in 2023 to USD 6.14 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).

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. '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'

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.

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.

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.

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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 2024-2031

Global Surgical Suture Market News

Global Surgical Suture Market Report Snapshots

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