The global surgical sutures market plays a crucial role in medical procedures across various specialties. This market report offers a comprehensive analysis, including segmentation by product type, application, end-users, and regions, to provide insights into the dynamics of this field.
Research Overview
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Report Ocean market research report predicts a Compound Annual Growth Rate (CAGR) of 5.6% for the global surgical sutures market during the forecast period from 2019 to 2025. Suturing is a fundamental aspect of surgical techniques in various medical disciplines, and it has been employed for many decades. Sutures can be used to close wounds either deep inside tissues or on the skin’s surface. The choice of suture technique depends on factors such as wound location, tension levels, and skin thickness. Sutures can be categorized as non-absorbable (requiring removal) or absorbable (dissolvable).
The rise in life-threatening diseases has led to an increase in surgical procedures, with over 230 million surgeries conducted worldwide annually. In the US alone, more than 22 million surgeries take place each year. Asia Pacific accounts for the largest share of surgical procedures globally, constituting nearly 33% of all surgeries worldwide due to its vast population of over 4 billion. India is poised to become the second-largest market for robotic surgery by 2020, with a significant number of surgical robots and trained robotic surgeons.
Advancements in suture design and application, favorable government regulations, and improved healthcare infrastructure in developing economies are expected to boost the revenue of the global surgical sutures market over the next five years. The increasing prevalence of diseases and surgical procedures ensures sustained market growth during the forecast period (2019-2025).
Market Dynamics
Drivers
- Increasing Healthcare Expenditure in Developing Economies
- Advancement in Suture Design and Application
Opportunities
- Growing Preference for Minimally Invasive Surgeries
- Accessibility of Alternate Wound Care Management Products
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Market Segmentation
Product Types
- Suture Thread
- Absorbable Sutures
- Natural Absorbable Sutures
- Synthetic Absorbable Sutures
- Non-absorbable Suture
- Nylon Sutures
- Prolene Sutures
- Stainless Steel Sutures
- Other Non-absorbable Sutures
- Absorbable Sutures
- Automated Suturing Device
In 2018, the suture thread segment accounted for the largest market share, while the automated suturing device segment is expected to grow at a high-single-digit CAGR during the forecast period. Within suture threads, there are absorbable sutures (including natural and synthetic types) and non-absorbable sutures (such as nylon, prolene, stainless steel, and other non-absorbable sutures). Suture threads dominate the market due to their lower cost and greater preference for wound closure compared to automated suturing devices.
Applications
- Ophthalmic Surgery
- Neurological Surgery
- Orthopedic Surgery
- Cardiovascular Surgery
- Others
Cardiovascular surgery led the market in 2018 and is expected to maintain its dominance during the forecast period (2019-2025) due to the increasing prevalence of cardiovascular diseases and a high number of related surgeries.
End-users
- Hospitals
- Ambulatory Surgical Centers
- Others
Hospitals held the largest market share in 2017 and are expected to continue this trend for the next few years.
Regions
- North America
- Europe
- Asia Pacific
- Rest of the World
North America was the dominant market in 2018, with a share of over 35%, and is projected to maintain its position throughout the forecast period. Asia Pacific is expected to experience high growth, driven by an increase in chronic disease cases, the growth of medical tourism, and a favorable reimbursement environment.
Competitive Analysis
The global surgical sutures market is growing steadily with a CAGR of 5.6% during the forecast period (2019-2025). The market has witnessed numerous new product launches, approvals, funding activities, and acquisitions related to surgical sutures due to the increasing number of surgical procedures globally and technological advancements in suture technology. For example, Ethicon launched the ProxiSure suturing device in August 2017, featuring advanced endomechanical, suture, and curved needle technologies. HeartStitch, Inc. received CE Mark approval in April 2018 for its minimally invasive Trans-Apical Access and closure device for structural heart procedures. Mellon Medical, a Netherlands-based company, raised €6 million in October 2017 to advance its patented suturing technology.
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Key Vendors
- B. Braun Melsungen AG
- Johnson & Johnson (Ethicon Inc.)
- Teleflex Incorporated
- Smith & Nephew PLC
- Integra LifeSciences
- Medtronic plc
- Boston Scientific Corporation
- DemeTech Corporation
- Conmed Corporation
- Surgical Specialties Corporation
- Mellon Medical B.V.
- Sutures India
Key Competitive Facts
- Automated suturing devices are predicted to replace traditional suturing in the upcoming years.
- There has been an augmented focus on the development of innovative products to offer better wound care solutions.
Benefits
This report offers comprehensive details about sub-segments of the global surgical sutures market. It provides key stakeholders with insights into major trends, drivers, investments, initiatives by vertical players, and government actions related to the medical devices segment in the coming years. Additionally, it outlines significant challenges that may impact market growth and highlights key business opportunities for stakeholders considering expansion or investment in this market.
Market Dynamics:
Surging air traffic:
- As the global aviation industry continues to expand, there is a corresponding increase in market demand.
Heightened emphasis on safety and reliability:
- The aerospace and defense sector places significant importance on ensuring safety and reliability, which drives the need for top-notch market offerings.
Growing commitment to environmental sustainability:
- The aerospace and defense industry is increasingly dedicated to reducing its carbon footprint, resulting in the adoption of sustainable aviation fuels.
Escalating globalization:
- The growth of international trade and travel propels the demand for market solutions.
Increasing desire for private air transportation:
- The rising number of affluent individuals and their preference for exclusive air travel are generating fresh opportunities in the market.
Expanding utilization of digital fuel management systems:
- The integration of digital fuel management systems facilitates efficient fuel consumption and reduces associated costs.
Advancements in fuel cell technology:
- Ongoing developments in fuel cell technology unlock new possibilities for the production of sustainable market alternatives.
Mounting demand for air cargo transportation:
- The flourishing e-commerce sector fuels an increasing need for air cargo transportation, thereby driving the demand for market offerings.
Rising defense budgets:
- Governments worldwide are augmenting their defense spending, leading to heightened market demand.
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