Surgical Sutures Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025
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Due to rapid increase in the incidents of accidents, surgeries, heart transplant and organ transplant the global surgical sutures market is predictable to have a constructive growth over the forecast years.
Increasing accidents and surgeries expected to fuel the surgical suture market
According to World Health Organization (WHO) in 2017, yearly around 1.25 million people die and more than 20 to 50 million people experience severe injuries, due to road traffic crash. Furthermore, surgical sutures are extremely essential for the closure of wounds and injuries occurred in accidents. With the increase in the number of accidents, wherein the use of surgical sutures are high, thus lead to significant growth of surgical sutures market.
According to the annual plastic surgery procedural statistics by American Society of Plastic Surgeons (ASPS), there were 15.9 million surgical and minimally-invasive cosmetic procedures performed in the United States in 2015, 2.0% increase over 2014. The increasing trend of cosmetic and plastic surgery are also expected to drive the surgical suture market in coming years.
Cases of cardiovascular surgeries, heart transplant and organ transplant are rapidly increasing with the growing elderly population which is expected to fuel the surgical sutures market. According to National Center for Biotechnology Information (NCBI) there are some unexpected tissue reactions (inflammation, granuloma, extrusion, fistula, abscess) in the vicinity of Vicryl, suture material (8 cases with Vicryl, 4 cases with Vicryl plus), that are inhibiting the market growth of surgical sutures.
Regionals growth engines for surgical sutures market
Regional segmentation of surgical suture market by Coherent Market Insights comprises, North America, Latin America, Europe, Asia Pacific, Middle East and Africa. Africa is expected to dominate the surgical sutures market by 2018 due to the increasing incidents of accidents. According to WHO Global Status Report On Road Safety 2015, the incidents of accidents in low- and middle-income countries are more and the accident rate in Africa is highest among all the other regions, which is expected to fuel the surgical sutures market in estimated period of time.
Asia Pacific is expected to follow surgical sutures market in the estimated period of time due to increase in sports activities and there are more chances of knee cartilage injury, which can fuel the surgical suture market in future. With the increasing trend of plastic surgery, North America is expected to have a high growth in surgical suture market in future.
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Key players of surgical sutures market
There are numerous players existing across the world. Some of the leading companies are Johnson and Johnson, Lotus Surgicals, 3M healthcare, Derma Sciences, SMB Corporation Of India, Smith & Nephew, Molnlycke healthcare, Dolphin Sutures , Riverpoint Medical, B. Braun Melsungen AG and Covidien. In August 21, 2017 – Ethicon, part of the Johnson & Johnson Medical Devices Companies, U.S. launched the ProxiSureTM Suturing Device.
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