Press release
Surgical Sutures Market Identifies the Key Drivers of Growth, Demand and Challenges of the Key Industry Players 2022-2027
Surgical Sutures Market Overview:
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.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Report Scope of Surgical Sutures Market:
Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Material, Application, End User, Region
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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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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