Global Surgical Sutures Market 2018 Top Vendors are Ethicon, Inc., Medtronic, Smith & Nephew, Boston Scientific, Medline Industries, Inc., B. Braun Group, DemeTech Corporation, Conmed Corporation, W. L. Gore & Associates, Zimmer Biomet, Miltex, Inc

The Surgical Sutures market report provides with CAGR value fluctuation during the forecast period of 2017-2024 for the market. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. This Surgical Sutures market Report cover strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

Global Surgical Sutures Market is expected to reach USD 4,957.29 million by 2024 from USD 3,540.00 million in 2016, at a CAGR of 4.4% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Global Surgical Sutures Market By Product Type (Sutures Thread (Absorbable Sutures (Synthetic Material (Vicryl, Monocryl, Polydiaoxanone, Polyglycolic) Natural Material), Non-Absorbable Sutures (Silk, Stainless Steel, Prolene, Nylon), Automated Suturing Devices (Disposable Device, Reusable Device)), By Surgery Type (General Surgery, Cardiovascular, Gynaecology, Orthopaedic, Ophthalmology), By End User (Hospitals, Ambulatory Centres, Clinics, Community Healthcare), By Geography (North America, Europe, Asia-Pacific, South America, Middle East And Africa) – Industry Trends and Forecast to 2024

Top Competitors:

Ethicon U.S., LLC.
Medtronic,
Smith & Nephew
Braun Melsungen AG,
Demetech Corporation,
Conmed Corporation,
L. Gore & Associates,
Zimmer Biomet,
Miltex (A Integra LifeSciences Corporation Company),
Teleflex Incorporated,
Boston Scientific Corporation,
MEDLINE INDUSTRIES, INC.
among others.

The major factors driving the growth of this market are rising need to manage blood loss in patients, growing number of surgical procedure, technological advancements in surgical suture products, rise in aging population & increase in chronic diseases and easy adoption due to the FDA and CE marking approval of the market. On the other hand, lack of proper sterilization system in healthcare organizations and unfavourable taxation policies may hinder the growth of the market.

The global surgical sutures market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The Ethicon U.S. LLC dominated the surgical sutures market accounting for a highest market share in 2016, followed by Medtronic and Smith & Nephew. Other players in this market include B. Braun Melsungen AG, Demetech Corporation, Conmed Corporation, W.L. Gore & Associates, Zimmer Biomet, Miltex (A Integra LifeSciences Corporation Company), Teleflex Incorporated, Boston Scientific Corporation, MEDLINE INDUSTRIES, INC. among others.

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Key Drivers: 

The major factors driving the growth of this market are rising need to manage blood loss in patients, growing number of surgical procedure, technological advancements in surgical suture products, rise in aging population & increase in chronic diseases and easy adoption due to the FDA and CE marking approval of the market. On the other hand, lack of proper sterilization system in healthcare organizations and unfavourable taxation policies may hinder the growth of the market.

RISING NEED TO MANAGE BLOOD LOSS IN PATIENTS

Blood loss occurs due to different surgeries, accidents, internal causes and many more due to which it increases the demand for managing blood loss. Surgical sutures are used for the prevention of blood loss and in facilitating the wound closures through the surface or joints or openings in materials, along with less painful operation without the need of removal. Sutures (stitches) are one of the oldest methods that are still in use for the closure of an incision. The specialist uses a sterilized thread, which is made of various products such as natural materials (silk or catgut) or synthetic fibers, for stitching the edges of the cut together with a special curved needle. The application of sutures help in good closure capabilities, avoid complications as well as can be implemented faster and prevent both intra operative and post-operative decrease in hemoglobin.

According to the National Center for Biotechnology Information (NCBI), the use of prophylactic haemostatic sutures reduced the blood loss from 1,285.0 mL to 700.0 mL in open radical retropubic prostatectomy surgery. The sutures are also helpful in the primary wound healing and incised wound is also held together by a blood clot and sutures. According to Association for Safe International Road Travel ( ASIRT), each year nearly 1.3 million people die due to road crashes, on an average of 3,287 deaths per day and around 20-50 million gets  injured or gets disabled.

GROWING NUMBER OF SURGICAL PROCEDURE

Surgical sutures are widely accepted in various surgical procedures related to the area such as general surgery, urology, orthopaedic surgery, gynaecology surgeries, ophthalmology surgeries central nervous system, cosmetic surgery, pulmonary surgery and many others due to their helping factors such as faster implementation, easy to use, minimizes the risk of infections and many more. It has increased its concern in respect to reduce surgical wounds by introducing more research and development activities related to it. Recently, extensive research endeavours have made to build flexible, biocompatible and biodegradable sutures for the formation of leak-free closures in delicate and soft tissues. Hence the sutures are required to be more elastic and consistent to allow normal function and movement of flexible tissues such as skin, lungs, heart tissues and blood vessel.

Following are few of the statistics related to surgical procedures:

According to International Survey on Aesthetic/Cosmetic Surgery, in 2014, U.S. ranked first in conducting number of surgeries with 15.4%, Brazil with 13.9% South Korea with 4.6%, Mexico with 4.0%, Japan with 3.4%, and Germany with 3.0%.

According to International Society of Aesthetic Plastic Surgery ( (ISAPS), in 2017, USA, Brazil, Japan, Italy and Mexico accounts 41.4% of the world’s cosmetic procedures, followed by Russia, India, Turkey, Germany and France.
According to National Center for Health Statistics, in 2009, in U.S., 48 million surgical inpatient procedures were performed such as nervous system surgeries (1.2 million), eye surgeries (69,000), respiratory system surgeries(1.3 million), cardiovascular system surgeries (7.3 million), digestive system surgeries(6.1 million), urinary system surgeries(1.1 million), musculoskeletal system surgeries (5.2 million)., and I.

Key Insights in the report:

Historical and current market size and projection up to 2024
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Analyze and forecast the taste modulators market on the basis of, application and type.
Trends of key regional and country-level markets for processes, derivative, and application
Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis

Customization Options

All segmentation provided above in this report is represented at country level and can be customized according to needs.
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization).

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