Surgical Sutures Market Opportunity Assessment Study - P&S Intelligence

Treatment of chronic diseases such as cancer, hepatitis, COPD, cardiovascular diseases and other viral diseases such as HIV often require complex surgeries thus, involving suturing. These diseases are persistent and have long-lasting effects on a patient’s health. Therefore, the increasing prevalence of chronic diseases is also a key factor driving the surgical sutures market.

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It has been observed that, hospitals are the major end user of the surgical sutures. Different shapes, sizes and types of sutures are used in hospitals for performing different surgeries. Due to increase in expenditure on healthcare by public and private sources, the number of hospitals are also increasing. According to American Health Association, the total number of all U.S. registered hospitals were 5,564, number of rural community hospitals was 1,829, and the number of urban community hospitals was 3,033, in 2015. As per the data of the Government of India, the number of government hospitals was 35,416, in 2013. According to the report on Australia’s hospital (2014-15) by Australian Institute of Health and Welfare, in 2014, a total number of 1,322 hospitals were present in Australia.

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As per the findings of the research, among the different product categories, sutures contributed larger share in the surgical sutures market, in 2016, due to minimal innovation in the surgical sutures market during that period. The automated suturing devices are expected to witness faster growth during the forecast period as it saves time and require less work.

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Europe is the second largest market for surgical sutures, after North America. Germany has been the largest contributor to the European surgical sutures market, historically, followed by the U.K. and France. The European market is projected to grow on account of increasing aging population, rising prevalence of diabetes, and obesity in the region.

Some of the other key players operating in the surgical sutures industry include DemeTECH Corporation, Sutures India Pvt. Ltd., Zipline Medical, Inc., Peters Surgical, EndoEvolution, LLC, Johnson & Johnson, B. Braun Melsungen AG, Boston Scientific Corporation, and Smith & Nephew PLC.

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