According to the latest report by IMARC Group, titled "Surgical Sutures Market: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027.’the global surgical sutures market reached a value of US$ 4.54 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.49 Billion by 2027, exhibiting at a CAGR of 6.05% during 2022-2027.
Surgical sutures, or stitches, are sterile surgical threads that involve the use of a needle to thread the wound. They are employed by healthcare professionals to repair lacerations, close incisions from surgery, and help reduce the chances of a reaction. The sutures are, thus, extensively used in several major surgeries, such as cardiovascular, cesarean, and ACL procedures. Depending on the surgical requirement, they are available in different types, sizes, shapes, and materials. Currently, absorbable and nonabsorbable sutures are two common types accessible in the market.
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Surgical Sutures Market Trends:
The increasing number of surgical procedures and the inflating healthcare expenditure are key factors driving the surgical sutures market growth. In line with this, the growing patient awareness regarding novel surgeries and advanced surgical interventions is acting as another growth-inducing factor. The rapidly rising geriatric population, the surging prevalence of chronic diseases, the development of film-coated sutures, and the rising cases of accidents are further providing a significant boost to the market growth. Additionally, governments in developing nations are undertaking several initiatives, such as offering reimbursement scenarios for surgical procedures, to strengthen the healthcare sector, which is creating a positive outlook for the market.
Competitive Landscape:
- Advanced Medical Solutions Group plc
- Braun Melsungen AG
- Boston Scientific Corporation
- CONMED Corporation
- DemeTECH Corporation
- Integra LifeSciences
- Johnson Johnson
- Medtronic plc
- Mellon Medical B.V.
- Smith Nephew plc
- Stryker Corporation
- Teleflex Incorporated
- Zimmer Biomet.
Key Market Segmentation:
Breakup by Type:
- Absorbable Sutures
- Non-Absorbable Sutures
Breakup by Material:
- Monofilament
- Multifilament
Breakup by Application:
- Cardiovascular Surgeries
- General Surgeries
- Gynecological Surgeries
- Orthopedic Surgeries
- Ophthalmic Surgeries
- Others
Breakup by End User:
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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